Antero Midstream (Antero Midstream) Accounts Receivable : $106 Mil (As of Mar. 2024)

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What is Antero Midstream Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Antero Midstream's accounts receivables for the quarter that ended in Mar. 2024 was $106 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Antero Midstream's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 32.53.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Antero Midstream's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-7.27.

Antero Midstream Accounts Receivable Historical Data

The historical data trend for Antero Midstream's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Antero Midstream Accounts Receivable Chart

Antero Midstream Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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105.60

74.56

81.94

86.73

89.56

Antero Midstream Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															95.73	92.17	93.78	89.56	105.79

Antero Midstream Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Antero Midstream Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Antero Midstream's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	105.789	/	296.719	*	91
=	32.53

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Antero Midstream's accounts receivable are only considered to be worth 75% of book value:

Antero Midstream's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(26.088	+	0.75 * 105.789	+	0.5 * 0	-	3598.862
-	0	-	0)	/	480.328
=	-7.27

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Antero Midstream Accounts Receivable Related Terms

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Antero Midstream (Antero Midstream) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Antero Midstream Corp (NYSE:AM) » Definitions » Accounts Receivable

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Traded in Other Exchanges

5711:Germany

Address

1615 Wynkoop Street, Denver, CO, USA, 80202

Website

https://www.anteromidstream.com

Antero Midstream Corp is a midstream company that owns, operates, and develops midstream energy infrastructure services and production activity in the Appalachian Basin's Marcellus Shale and Utica Shale located in West Virginia and Ohio. The company has two operating segments; the Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources wells in West Virginia and Ohio and the Water Handling segment includes two independent systems that deliver water from sources including the Ohio River, local reservoirs and several regional waterways. It derives a majority of its revenue from the Gathering and Processing segment.

Executives

Janine J Mcardle	director	9337B KATY FREEWAY, #155, HOUSTON TX 77024
Brooks J Klimley	director
Sheri Pearce	officer: See Remarks	1615 WYNKOOP ST., DENVER CO 80202
Michael N. Kennedy	officer: Chief Financial Officer	707 - 17TH STREET, SUITE 3600, DENVER CO 80202
David H Keyte	director	1615 WYNKOOP STREET, DENVER CO 80902
Nancy Chisholm	director	1615 WYNKOOP STREET, DENVER CO 80202
Keenan W Howard Jr	director	410 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Brendan E. Krueger	officer: See Remarks	1615 WYNKOOP STREET, DENVER CO 80202
Yvette K Schultz	officer: See Remarks	1615 WYNKOOP STREET, DENVER CO 80202
Paul M Rady	director, officer: Chairman & CEO	1625 17TH STREET, DENVER CO 80202
Warren Glen C Jr	director, officer: President & Secretary	1625 17TH STREET, DENVER CO 80202
K. Phil Yoo	officer: VP-Accounting, CAO	1625 17TH STREET, DENVER CO 80202
Warburg Pincus Private Equity X O&g, L.p.	director, 10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Peter Kagan	director	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Yorktown Energy Partners Viii, L.p.	director, 10 percent owner	410 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022