Antero Midstream Partners LP (AM) - Net Assets
Based on the latest financial reports, Antero Midstream Partners LP (AM) has net assets worth $1.97 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.88 Billion) and total liabilities ($3.91 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are Antero Midstream Partners LP's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.97 Billion |
| % of Total Assets | 33.51% |
| Annual Growth Rate | 22.38% |
| 5-Year Change | -13.76% |
| 10-Year Change | 19103.83% |
| Growth Volatility | 2679.17 |
Antero Midstream Partners LP - Net Assets Trend (2012–2025)
This chart illustrates how Antero Midstream Partners LP's net assets have evolved over time, based on quarterly financial data. Also explore AM current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Antero Midstream Partners LP (2012–2025)
The table below shows the annual net assets of Antero Midstream Partners LP from 2012 to 2025. For live valuation and market cap data, see Antero Midstream Partners LP stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.97 Billion | -6.77% |
| 2024-12-31 | $2.12 Billion | -1.70% |
| 2023-12-31 | $2.15 Billion | -1.85% |
| 2022-12-31 | $2.19 Billion | -4.13% |
| 2021-12-31 | $2.29 Billion | -5.44% |
| 2020-12-31 | $2.42 Billion | -23.07% |
| 2019-12-31 | $3.14 Billion | +10085.72% |
| 2018-12-31 | $30.86 Million | +97.73% |
| 2017-12-31 | $15.61 Million | +51.99% |
| 2016-12-31 | $10.27 Million | +1740.32% |
| 2015-12-31 | $558.00K | -99.96% |
| 2014-12-31 | $1.34 Billion | +152.10% |
| 2013-12-31 | $532.52 Million | +272.75% |
| 2012-12-31 | $142.86 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Antero Midstream Partners LP's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1477600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $14.78 Million | 0.75% |
| Common Stock | $4.74 Million | 0.24% |
| Other Components | $1.95 Billion | 99.01% |
| Total Equity | $1.97 Billion | 100.00% |
Antero Midstream Partners LP Competitors by Market Cap
The table below lists competitors of Antero Midstream Partners LP ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Megmeet Electrical Co Ltd
SHE:002851
|
$10.23 Billion |
|
Shandong Himile Mechanical Science & Technology Co Ltd
SHE:002595
|
$10.24 Billion |
|
SK TELECOM CO.LTD.ADR 5/9
F:KMBA
|
$10.24 Billion |
|
On Holding Ltd
NYSE:ONON
|
$10.25 Billion |
|
Orient Sec Co Ltd
SHG:600958
|
$10.21 Billion |
|
BALOISE HLDG AG ADR/1/10
F:BLO
|
$10.20 Billion |
|
Dynatrace Holdings LLC
NYSE:DT
|
$10.20 Billion |
|
CSPC Pharmaceutical Group Limited
F:CVG
|
$10.18 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Antero Midstream Partners LP's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,115,171,000 to 1,972,041,000, a change of -143,130,000 (-6.8%).
- Net income of 413,163,000 contributed positively to equity growth.
- Dividend payments of 439,007,000 reduced retained earnings.
- Share repurchases of 134,981,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $413.16 Million | +20.95% |
| Dividends Paid | $439.01 Million | -22.26% |
| Share Repurchases | $134.98 Million | -6.84% |
| Other Changes | $17.70 Million | +0.9% |
| Total Change | $- | -6.77% |
Book Value vs Market Value Analysis
This analysis compares Antero Midstream Partners LP's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.31x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 3.01x to 5.31x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $7.21 | $21.70 | x |
| 2015-12-31 | $0.00 | $21.70 | x |
| 2016-12-31 | $0.06 | $21.70 | x |
| 2017-12-31 | $-0.02 | $21.70 | x |
| 2018-12-31 | $0.16 | $21.70 | x |
| 2019-12-31 | $7.10 | $21.70 | x |
| 2020-12-31 | $5.06 | $21.70 | x |
| 2021-12-31 | $4.76 | $21.70 | x |
| 2022-12-31 | $4.56 | $21.70 | x |
| 2023-12-31 | $4.46 | $21.70 | x |
| 2024-12-31 | $4.36 | $21.70 | x |
| 2025-12-31 | $4.09 | $21.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Antero Midstream Partners LP utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.95%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.77%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 2.98x
- Recent ROE (20.95%) is below the historical average (145.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 1.25% | 17.58% | 0.07x | 1.04x | $-117.41 Million |
| 2015 | 139.96% | 61.79% | 1.21x | 1.87x | $725.20K |
| 2016 | 94.57% | 1.65% | 33.98x | 1.69x | $8.68 Million |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $7.69 Million |
| 2018 | 1435.59% | 43.08% | 21.56x | 1.55x | $439.95 Million |
| 2019 | -11.30% | -41.80% | 0.14x | 2.00x | $-669.46 Million |
| 2020 | -5.07% | -12.61% | 0.17x | 2.32x | $-364.36 Million |
| 2021 | 14.50% | 34.23% | 0.17x | 2.42x | $102.95 Million |
| 2022 | 14.88% | 32.93% | 0.17x | 2.64x | $107.01 Million |
| 2023 | 17.28% | 33.42% | 0.19x | 2.67x | $156.61 Million |
| 2024 | 18.95% | 34.06% | 0.20x | 2.78x | $189.37 Million |
| 2025 | 20.95% | 34.77% | 0.20x | 2.98x | $215.96 Million |
Industry Comparison
This section compares Antero Midstream Partners LP's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $488,709,185
- Average return on equity (ROE) among peers: 2696.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Antero Midstream Partners LP (AM) | $1.97 Billion | 1.25% | 1.98x | $10.22 Billion |
| CBL International Limited Ordinary Shares (BANL) | $22.77 Million | -16.41% | 2.04x | $12.00 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $826.00K | 24076.03% | 0.21x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $60.98 Million | 25.78% | 2.28x | $284.93 Million |
| Cheniere Energy Partners LP (CQP) | $715.00 Million | 164.34% | 26.11x | $30.47 Billion |
| Cheniere Energy Partners LP (CQP) | $-2.13 Billion | 0.00% | 0.00x | $25.77 Billion |
| DHT Holdings Inc (DHT) | $674.85 Million | 1.91% | 1.04x | $2.56 Billion |
| Dynagas LNG Partners LP (DLNG) | $318.32 Million | 5.45% | 2.31x | $142.25 Million |
| DT Midstream Inc (DTM) | $4.28 Billion | 8.97% | 1.10x | $12.24 Billion |
| Excelerate Energy Inc (EE) | $456.64 Million | 6.34% | 2.61x | $1.10 Billion |
About Antero Midstream Partners LP
Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The gathering and processing segment includes a network of gathering pipelines and compressor stations that collect and process natural gas and NGLs from Antero Resources' wells in West Virginia and Ohio. The Water H… Read more