What does water distribution — capex mean?

Cash spent on building or buying new water infrastructure assets.

How do you interpret water distribution — capex?

High spending indicates growth and infrastructure development, while low spending may indicate a mature or maintenance-only phase.

How does water distribution — capex compare across companies?

Comparable to growth capital expenditures in midstream or infrastructure-heavy energy segments.

Antero Resources AR Water Distribution — CapEx

Discontinued — last reported Q4 '18

Similar metrics at other companies

ESWater Distribution — Cash Flows Used for Investments in Plant

$30.8M+8.1%

AMWater Handling — Capital Expenditures For Segment Property And Equipment

$18.47M+119%

AWK

AWKRegulated Business — Cash paid for capital expenditures

$619M+3.5%

XYLApplied Water — Payments to acquire productive assets

$4M-55.6%

ESEversource Water — CapEx

$65.4M+73.0%

WTRGRegulated Operation — CapEx

$95.49M+5.1%

Other financials

Income statement

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Revenue$1.9B+43.8%

Operating income$729.5M+169%

Net income$548.2M+150%

EPS (diluted)$1.72+161%

Balance sheet

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Cash & equivalents$4.5M—

Total debt$4.8B+24.8%

Total equity$8.1B+11.7%

Total assets$15.3B+17.6%

Cash flow

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Operating cash flow$859.1M+87.7%

CapEx$4.6M+666%

Free cash flow$854.4M+86.9%

Valuation

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Market cap$10.29B+4.1%

P/E10.3×-25.3×

P/S1.8×-0.4×

Profitability

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Operating margin22.9%+17.9pp

Net margin17.1%+11.0pp

FCF margin34.5%+11.6pp

Returns & leverage

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Return on equity13.1%+9.2pp

Debt / equity0.6×+0.1×

Current ratio0.4×0.0×

Where this comes from

Reported directly by Antero Resources in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Antero Resources’s 10-K, filed February 13, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does water distribution — capex mean?: Cash spent on building or buying new water infrastructure assets.
How do you interpret water distribution — capex?: High spending indicates growth and infrastructure development, while low spending may indicate a mature or maintenance-only phase.
How does water distribution — capex compare across companies?: Comparable to growth capital expenditures in midstream or infrastructure-heavy energy segments.