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AM Stock Price Correlated With Antero Midstream Financials

AM Stock Price vs. Quarterly
AM
Income Statement
Cash Flow
Balance Sheet

AM Income Statement

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Revenue, Net:
Revenue Per Share:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
Earnings Per Share, Diluted:
Earnings Per Share, Basic:
Shares Outstanding, Basic Avg:
Shares Outstanding, Diluted Avg:
Common Stock Shares Outstanding:

AM Cash Flow

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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Net Cash from Operations Per Share:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:

AM Balance Sheet

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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Blackrock.
38,375,721 sh
-515,236 sh
-1%
$480,847
$14,931
Vanguard Group
35,545,837 sh
193,263 sh
1%
$445,389
$21,865
Invesco.
32,191,118 sh
-1,343,537 sh
-4%
$403,354
$1,609
State Street
10,630,813 sh
397,696 sh
4%
$133,204
$10,611
Dimensional Fund Advisors
10,402,074 sh
-265,094 sh
-2%
$130,339
$2,541
Bank Of New York Mellon
7,555,156 sh
278,984 sh
4%
$94,665
$7,494
Clearbridge Investments
7,198,393 sh
 
$90,196
Neuberger Berman Group
6,604,124 sh
-149,383 sh
-2%
$82,749
$1,842
Rr Advisors
5,954,000 sh
-122,000 sh
-2%
$74,603
$1,818
Morgan Stanley
5,419,695 sh
212,937 sh
4%
$67,909
$5,533
Geode Capital Management
5,349,896 sh
201,950 sh
4%
$67,045
$5,362
Tortoise Capital Advisors
4,956,921 sh
280,691 sh
6%
$62,110
$6,089
Norges Bank
4,365,873 sh
4,365,873 sh
NEW
$54,704
$54,704
Charles Schwab Investment Management
3,602,607 sh
99,592 sh
3%
$45,141
$3,175
Miller Howard Investments /Ny
2,580,839 sh
-8,025 sh
0%
$32,338
$1,323
Northernrp
2,555,628 sh
61,398 sh
2%
$32,022
$2,141
Mirae Asset Global Investments Co.,.
2,480,400 sh
-177,538 sh
-7%
$31,079
-$763
Kayne Anderson Capital Advisors Lp
2,265,000 sh
 
$28,381
Brave Warrior Advisors
2,225,260 sh
-7,895 sh
0%
$27,883
$1,130
Westwood Holdings Group
2,165,884 sh
-2,588 sh
0%
$27
$1
COMPANY PROFILE
(1)   Business and Organization

Antero Midstream GP LP (“AMGP”) was originally formed as Antero Resources Midstream Management LLC (“ARMM”) in 2013, to become the general partner of Antero Midstream Partners LP (“Antero Midstream”), a master limited partnership that is publicly traded on the New York Stock Exchange (NYSE: AM). On May 4, 2017, ARMM converted from a Delaware limited liability company to a Delaware limited partnership and changed its name to Antero Midstream GP LP in connection with our initial public offering (“IPO”). Unless the context otherwise requires, references to “we” and “our” refer to: (i) for the period prior to May 4, 2017, ARMM, and (ii) beginning on May 4, 2017, AMGP. We own 100% of the membership interests of Antero Midstream Partners GP LLC (“AMP GP”), which owns the non-economic general partner interest in Antero Midstream, and we own all of the Series A capital interests in Antero IDR Holdings LLC (“IDR LLC”), which owns the incentive distribution rights (“IDRs”) in Antero Midstream.  IDR LLC also has Series B profits interests (“Series B Units”) outstanding that entitle the holders to receive up to 6% of the distributions that Antero Midstream makes on the IDRs in excess of $7.5 million per quarter, subject to certain vesting conditions (see Note 3—Long-Term Incentive Plans). We are taxed as a corporation for U.S. federal income tax purposes and we refer to our outstanding limited partner interests as common shares.

Our only income results from distributions made on the IDRs of Antero Midstream. The Antero Midstream IDRs entitle holders to receive cash distributions from Antero Midstream when distributions exceed certain target amounts (see Note 4 – Distributions from Antero Midstream).

We are managed by our general partner, AMGP GP LLC (“AMGP GP”), which establishes the quarterly cash distribution payable to shareholders. AMGP GP has a board of directors appointed by the entities and individuals that collectively own 100% of the membership interest in our general partner (the “Sponsors”). Following the completion of our IPO, certain of our directors and executive officers own AMGP common shares as well as Series B Units in IDR LLC. In addition, certain of our directors and executive officers own a portion of Antero Resources Corporation’s (“Antero Resources”) (NYSE: AR) common stock and Antero Midstream’s common units. We have an agreement with Antero Resources, under which Antero Resources provides general and administrative services to us for a fee of $ 0.5 million per year, subject to annual inflation adjustments. We also incur recurring direct expenses for the costs associated with being a publicly traded entity.

Antero Midstream was formed by Antero Resources to own, operate and develop midstream energy assets to service Antero Resources’ oil and gas producing assets. Both Antero Midstream and Antero Resources’ assets are located in the Marcellus Shale and Utica Shale located in West Virginia and Ohio. Antero Midstream’s assets consist of gathering pipelines, compressor stations, and water handling and treatment systems, which provide midstream services to Antero Resources under long-term, fixed fee contracts. Antero Midstream also has a 15% equity interest in the gathering system of Stonewall Gas Gathering LLC and a 50% equity interest in a joint venture to develop processing and fractionation assets with MarkWest Energy Partners, L.P. Our results of operations, financial position and cash flows are dependent on the results of operations, financial position and cash flows of Antero Midstream. As a result, these unaudited condensed consolidated financial statements should be read in conjunction with Antero Midstream’s audited consolidated financial statements and notes thereto presented in its Annual Report on Form 10-K for the year ended December 31, 2017, as well as Antero Midstream’s unaudited condensed consolidated financial statements presented in its Quarterly Report on Form 10-

Free historical financial statements for Antero Midstream Corp. See how revenue, income, cash flow, and balance sheet financials have changed over 24 quarters since 2018. Compare with AM stock chart to see long term trends.

Data imported from Antero Midstream Corp SEC filings. Check original filings before making any investment decision.