| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 2/6 |
| Past Performance | 3/6 |
| Financial Health | 2/6 |
| Dividends | 2/6 |
AM Stock Overview
Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure.
Antero Midstream Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$10.07 |
| 52 Week High | US$11.71 |
| 52 Week Low | US$6.56 |
| Beta | 2.89 |
| 1 Month Change | -5.36% |
| 3 Month Change | 4.79% |
| 1 Year Change | 49.41% |
| 3 Year Change | -33.49% |
| 5 Year Change | n/a |
| Change since IPO | -54.23% |
Recent News & Updates
Antero Midstream: Sleep Well At Night With This 8.5% Yielding Nat Gas Play
Antero Midstream distributes natural gas and offers an 8.5% dividend yield. Natural gas will become much more common as the world continues its path to decarbonization. The company is being conservative with its operations, having learned the hard way in 2019/2020, making this a great play for conservative investors.
Is Antero Midstream Corporation (NYSE:AM) Trading At A 39% Discount?
How far off is Antero Midstream Corporation ( NYSE:AM ) from its intrinsic value? Using the most recent financial data...
Shareholder Returns
| AM | US Oil and Gas | US Market | |
|---|---|---|---|
| 7D | -0.3% | 0.1% | -0.9% |
| 1Y | 49.4% | 54.7% | 23.3% |
Return vs Industry: AM underperformed the US Oil and Gas industry which returned 54.7% over the past year.
Return vs Market: AM exceeded the US Market which returned 23.3% over the past year.
Price Volatility
| AM volatility | |
|---|---|
| AM Average Weekly Movement | 4.0% |
| Oil and Gas Industry Average Movement | 7.2% |
| Market Average Movement | 6.0% |
| 10% most volatile stocks in US Market | 15.0% |
| 10% least volatile stocks in US Market | 2.3% |
Stable Share Price: AM is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: AM's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2013 | 522 | Paul Rady | https://www.anteromidstream.com |
Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure. It operates through two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources’ wells in West Virginia and Ohio.
Antero Midstream Fundamentals Summary
| AM fundamental statistics | |
|---|---|
| Market Cap | US$4.81b |
| Earnings (TTM) | US$328.90m |
| Revenue (TTM) | US$956.24m |
14.6x
P/E Ratio5.0x
P/S RatioIs AM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AM income statement (TTM) | |
|---|---|
| Revenue | US$956.24m |
| Cost of Revenue | US$154.91m |
| Gross Profit | US$801.33m |
| Expenses | US$472.43m |
| Earnings | US$328.90m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.69 |
| Gross Margin | 83.80% |
| Net Profit Margin | 34.39% |
| Debt/Equity Ratio | 133.9% |
How did AM perform over the long term?
See historical performance and comparisonDividends
8.9%
Current Dividend Yield143%
Payout RatioValuation
Is Antero Midstream undervalued compared to its fair value and its price relative to the market?
42.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AM ($10.07) is trading below our estimate of fair value ($17.65)
Significantly Below Fair Value: AM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AM is good value based on its PE Ratio (14.6x) compared to the US Oil and Gas industry average (16x).
PE vs Market: AM is good value based on its PE Ratio (14.6x) compared to the US market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: AM is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: AM's PB Ratio (2.1x) is in line with the US Oil and Gas industry average.
Future Growth
How is Antero Midstream forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
9.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AM's forecast earnings growth (9.3% per year) is above the savings rate (2%).
Earnings vs Market: AM's earnings (9.3% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: AM's earnings are forecast to grow, but not significantly.
Revenue vs Market: AM's revenue (2.4% per year) is forecast to grow slower than the US market (10.1% per year).
High Growth Revenue: AM's revenue (2.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AM's Return on Equity is forecast to be high in 3 years time (20.3%)
Past Performance
How has Antero Midstream performed over the past 5 years?
-6.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AM has high quality earnings.
Growing Profit Margin: AM became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: AM has become profitable over the past 5 years, growing earnings by -6.8% per year.
Accelerating Growth: AM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: AM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (8.3%).
Return on Equity
High ROE: AM's Return on Equity (14.2%) is considered low.
Financial Health
How is Antero Midstream's financial position?
Financial Position Analysis
Short Term Liabilities: AM's short term assets ($87.5M) do not cover its short term liabilities ($118.7M).
Long Term Liabilities: AM's short term assets ($87.5M) do not cover its long term liabilities ($3.1B).
Debt to Equity History and Analysis
Debt Level: AM's net debt to equity ratio (133.8%) is considered high.
Reducing Debt: Insufficient data to determine if AM's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: AM's debt is well covered by operating cash flow (24.3%).
Interest Coverage: AM's interest payments on its debt are well covered by EBIT (3.3x coverage).
Balance Sheet
Dividend
What is Antero Midstream current dividend yield, its reliability and sustainability?
8.94%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AM's dividend (8.94%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: AM's dividend (8.94%) is in the top 25% of dividend payers in the US market (3.57%)
Stability and Growth of Payments
Stable Dividend: AM has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: AM's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (142.5%), AM's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AM's dividends in 3 years are not forecast to be well covered by earnings (92% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Paul Rady (67 yo)
2.67yrs
Tenure
US$2,691,539
Compensation
Mr. Paul M. Rady serves as Chief Executive Officer of TEP Rocky Mountain LLC. He serves as Chief Executive Officer and Chairman at Antero Midstream Corporation since March 2019 and its Director since 2019....
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD2.69M) is below average for companies of similar size in the US market ($USD6.23M).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: AM's management team is considered experienced (3.8 years average tenure).
Board Members
Experienced Board: AM's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AM insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Antero Midstream Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Antero Midstream Corporation
- Ticker: AM
- Exchange: NYSE
- Founded: 2013
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: US$4.808b
- Shares outstanding: 477.50m
- Website: https://www.anteromidstream.com
Number of Employees
Location
- Antero Midstream Corporation
- 1615 Wynkoop Street
- Denver
- Colorado
- 80202
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/11/30 00:29 |
| End of Day Share Price | 2021/11/29 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.