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Antero Midstream Corporation  (AM)
Other Ticker:  
 
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities

Antero Midstream's Working Capital Ratio

AM's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


Regardless of the sequential decrease in Current Liabilities, during the forth quarter 2023, Working Capital Ratio deteriorated to 0.95 below Antero Midstream's average Working Capital Ratio.

Within Natural Gas Utilities industry 5 other companies have achieved higher Working Capital Ratio than Antero Midstream in forth quarter 2023. While Working Capital Ratio total ranking has improved so far during the IV Quarter 2023 to 729, from total ranking in the second quarter 2023 at 3687.

Explain Working Capital Ratio
How much in Current Assets AMīs has?
What is the value of AMīs Current Liabilities?


AM Working Capital Ratio (Dec 31 2023)
IV. Quarter
(Jun 30 2023)
II. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
Y / Y Current Liabilities Change -22.1 % -30.56 % -10.47 % -10.37 % 5.04 %
Y / Y Current Assets Change 18.26 % 16.96 % 6.19 % -7.66 % -16.64 %
Working Capital Ratio MRQ 0.95 0.97 0.87 0.76 0.62
AM's Total Ranking # 729 # 3687 # 1970 # #
Seq. Current Liabilities Change -0.2 % -5.36 % -4.05 % -14.05 % -11.04 %
Seq. Current Assets Change -2.96 % 5.52 % 10.16 % 4.84 % -4.03 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Natural Gas Utilities Industry # 6
Utilities Sector # 10
Overall Market # 729


Working Capital Ratio Statistics
High Average Low
9.5 1.79 0.42
(Jun 30 2015)   (Sep 30 2019)




Financial Statements
Antero Midstream's Current Liabilities $ 96 Millions Visit AM's Balance sheet
Antero Midstream's Current Assets $ 91 Millions Visit AM's Balance sheet
Source of AM's Sales Visit AM's Sales by Geography


Cumulative Antero Midstream's Working Capital Ratio

AM's Working Capital Ratio for the trailling 12 Months

AM Working Capital Ratio

(Dec 31 2023)
IV. Quarter
(Jun 30 2023)
II. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
Y / Y Current Liabilities TTM Growth -22.1 % -30.56 % -10.47 % -10.37 % 5.04 %
Y / Y Current Assets TTM Growth 18.26 % 16.96 % 6.19 % -7.66 % -16.64 %
Working Capital Ratio TTM 0.88 0.79 0.69 0.67 0.66
Total Ranking TTM # 806 # 3156 # 4137 # #
Seq. Current Liabilities TTM Growth -0.2 % -5.36 % -4.05 % -14.05 % -11.04 %
Seq. Current Assets TTM Growth -2.96 % 5.52 % 10.16 % 4.84 % -4.03 %


On the trailing twelve months basis AM Current Assets increased by 18.26 % in IV Quarter 2023 year on year, while Current Liabilities decreased to $96 millions, this led to increase in in Antero Midstream's Working Capital Ratio to 0.88, Working Capital Ratio remained below AM average.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Natural Gas Utilities industry 11 other companies have achieved higher Working Capital Ratio than Antero Midstream. While Working Capital Ratio overall ranking has improved so far to 806, from total ranking during the twelve months ending second quarter 2023 at 3156.

Explain Working Capital Ratio
How much in Current Assets AMīs has?
What is the value of AMīs Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Natural Gas Utilities Industry # 12
Utilities Sector # 28
Within the Market # 806


trailing twelve months Working Capital Ratio Statistics
High Average Low
2.67 1.46 0.52
(Aug. 31, 2005)   (Dec 31 2019)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Natural Gas Utilities Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Transcontinental Gas Pipe Line Company Llc  2.58 $ 1,809.141  Millions$ 700.266  Millions
Hf Sinclair Corporation  2.51 $ 6,702.182  Millions$ 2,667.576  Millions
Cheniere Energy Inc   1.96 $ 6,331.000  Millions$ 3,233.000  Millions
Usa Compression Partners Lp  1.81 $ 226.447  Millions$ 124.913  Millions
Enlink Midstream Llc  1.48 $ 838.300  Millions$ 565.600  Millions
Archrock inc  1.46 $ 213.157  Millions$ 146.407  Millions
Atmos Energy Corp  1.44 $ 1,679.717  Millions$ 1,170.481  Millions
Ngl Energy Partners Lp  1.23 $ 1,340.567  Millions$ 1,088.012  Millions
Southwest Gas Holdings Inc   1.12 $ 1,881.114  Millions$ 1,684.847  Millions
Energy Transfer Lp  1.10 $ 12,433.000  Millions$ 11,277.000  Millions
Mplx Lp  1.07 $ 2,808.000  Millions$ 2,624.000  Millions
Cheniere Energy Partners L p   1.01 $ 1,581.000  Millions$ 1,566.000  Millions
Genesis Energy Lp  1.00 $ 964.050  Millions$ 967.447  Millions
Equitrans Midstream Corporation  0.99 $ 595.497  Millions$ 601.815  Millions
Plains Gp Holdings Lp  0.98 $ 4,916.000  Millions$ 5,005.000  Millions
Plains All American Pipeline Lp  0.98 $ 4,913.000  Millions$ 5,003.000  Millions
Ugi Corporation  0.98 $ 2,285.000  Millions$ 2,341.000  Millions
Antero Midstream Corporation  0.95 $ 91.128  Millions$ 96.417  Millions
Enterprise Products Partners L p   0.93 $ 12,248.000  Millions$ 13,131.000  Millions
Delek Logistics Partners Lp  0.91 $ 76.269  Millions$ 83.893  Millions
Oneok Inc   0.90 $ 3,108.000  Millions$ 3,452.000  Millions
Northwest Natural Holding Company  0.86 $ 601.440  Millions$ 696.878  Millions
Nustar Energy L p   0.85 $ 187.102  Millions$ 220.986  Millions
Boardwalk Pipeline Partners Lp  0.80 $ 288.700  Millions$ 362.300  Millions
Centerpoint Energy Inc   0.78 $ 3,027.000  Millions$ 3,864.000  Millions
Williams Companies Inc   0.77 $ 4,513.000  Millions$ 5,830.000  Millions
Western Midstream Partners Lp  0.76 $ 992.410  Millions$ 1,304.056  Millions
New Jersey Resources Corporation  0.70 $ 676.958  Millions$ 962.032  Millions
Dt Midstream Inc   0.63 $ 272.000  Millions$ 434.000  Millions
National Fuel Gas Company  0.56 $ 453.602  Millions$ 807.245  Millions

Date modified: 2024-02-16T22:09:31+00:00



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