Antero Midstream Files 2024 10-K

TL;DR

Antero Midstream's 2024 10-K is in, showing financials for common stock, retained earnings, and incentive plans. Check it for investor insights.

AI Summary

Antero Midstream Corporation filed its 10-K for the fiscal year ending December 31, 2024. The company, headquartered at 1615 Wynkoop Street, Denver, CO, reported financial data for its common stock, retained earnings, and additional paid-in capital across multiple fiscal years. The filing also references specific incentive award plans, including Performance Share Unit Awards based on Return on Invested Capital for 2022 and 2019.

Why It Matters

This filing provides a comprehensive overview of Antero Midstream's financial performance and position for the fiscal year 2024, crucial for investors assessing the company's stability and future prospects.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate increased risk, but rather provides financial transparency.

Key Numbers

• 479713000 — Total Assets (As of December 31, 2024)
• 479422000 — Total Liabilities (As of December 31, 2024)

Key Players & Entities

• Antero Midstream Corporation (company) — Filer of the 10-K
• December 31, 2024 (date) — Fiscal year end
• 1615 Wynkoop Street, Denver, CO (location) — Company business and mailing address
• am:PerformanceShareUnitAwardsBasedOnReturnOnInvestedCapital2022Member (award_plan) — Specific incentive plan mentioned

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 AM New York Stock Exchange Securi
• $14.74 — pproximately $ 5.0 billion based on the $14.74 per share closing price of Antero Midst
• $70 million — artners, LP (NYSE: SMLP) ("Summit") for $70 million in cash, before closing adjustments, wi

Filing Documents

• am-20241231x10k.htm (10-K) — 3137KB
• am-20241231xex19d1.htm (EX-19.1) — 114KB
• am-20241231xex21d1.htm (EX-21.1) — 13KB
• am-20241231xex23d1.htm (EX-23.1) — 2KB
• am-20241231xex31d1.htm (EX-31.1) — 18KB
• am-20241231xex31d2.htm (EX-31.2) — 17KB
• am-20241231xex32d1.htm (EX-32.1) — 8KB
• am-20241231xex32d2.htm (EX-32.2) — 8KB
• am-20241231x10k003.jpg (GRAPHIC) — 64KB
• 0001558370-25-000862.txt ( ) — 13156KB
• am-20241231.xsd (EX-101.SCH) — 62KB
• am-20241231_cal.xml (EX-101.CAL) — 73KB
• am-20241231_def.xml (EX-101.DEF) — 308KB
• am-20241231_lab.xml (EX-101.LAB) — 586KB
• am-20241231_pre.xml (EX-101.PRE) — 429KB
• am-20241231x10k_htm.xml (XML) — 2780KB

Risk Factors

Risk Factors 15 Item 1B. Unresolved Staff Comments 39 Item 1C. Cybersecurity 39 Item 3.

Legal Proceedings

Legal Proceedings 41 Item 4. Mine Safety Disclosures 41 PART II 41 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 41 Item 6. Reserved 42 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 43 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 53 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 54 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 54 Item 9A.

Controls and Procedures

Controls and Procedures 54 Item 9B. Other Information 55 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 55 PART III 55 Item 10. Directors, Executive Officers and Corporate Governance 55 Item 11.

Executive Compensation

Executive Compensation 56 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 56 Item 13. Certain Relationships and Related Transactions and Director Independence 56 Item 14. Principal Accountant Fees and Services 56 PART IV 56 Item 15. Exhibit and Financial Statement Schedules 56

SIGNATURES

SIGNATURES 60 Table of Contents GLOSSARY OF COMMONLY USED TERMS The following are abbreviations and definitions of certain terms used in this document, some of which are commonly used in the midstream oil and gas industry: ASC. Accounting Standards Codification. ASU. Accounting Standards Update. Antero Midstream Partners. Antero Midstream Partners LP. Antero Resources. Antero Resources Corporation. Antero Treatment. Antero Treatment LLC. Bbl. One stock tank barrel, of 42 U.S. gallons liquid volume, used herein in reference to crude oil, condensate, NGLs or water. Bbl/d" Bbl per day. Bcf. One billion cubic feet of natural gas. Bcf/d. Bcf per day. Bcfe. One billion cubic feet of natural gas equivalent with one barrel of oil, condensate or NGLs converted to six thousand cubic feet of natural gas. Bcfe/d. Bcfe per day. CPI. Consumer Price Index. Credit Facility. As the context requires, (i) for any date prior to July 30, 2024, the senior secured revolving credit facility pursuant to the Second Amended and Restated Credit Agreement, dated as of October 26, 2021, and (ii) for July 30, 2024 and thereafter, the New Credit Facility. DOT. Department of Transportation. Dry gas. A natural gas containing insufficient quantities of hydrocarbons heavier than methane to allow their commercial extraction or to require their removal in order to render the gas suitable for fuel use. EPA. Environmental Protection Agency. ESG. Environmental, social and governance. Expansion capital. Cash expenditures to construct new midstream infrastructure and those expenditures incurred in order to extend the useful lives of our assets, reduce costs, increase revenues or increase system throughput or capacity from current levels, including well connections that increase existing system throughput. FASB. Financial Accounting Standards Board. FERC. Federal Energy Regulatory Commission. Field . An area consisting of a single reservoir or multiple reservoirs

View Full Filing

View this 10-K filing on SEC EDGAR