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This statistic highlights Antero Midstream’s Revenue Breakdown from Q1 2019 onwards, split between compression, high and low-pressure gathering, freshwater delivery, wastewater treatment and other fluid handling segments.
The following table shows the revenue by type of service for some of its recent quarters.
|Services||Q3 2020||Q2 2021||Q3 2021||Contribution for Q3 2021|
|Gathering- low pressure||92.673||91.761||87.14||36%|
|Gathering- high pressure||57.665||51.535||51.81||21%|
|Fresh water delivery||40.398||37.751||33||14%|
|Other fluid handling||21.805||20.037||20.75||9%|
|Gathering- low pressure rebate||-12||0||0||0%|
(All figures are in millions except percentages)
Antero Midstream works as an energy company to operate and develop midstream energy assets, primarily to service Antero Resources’ production and completion activity. The company provides services including gathering (high and low pressure), compression, fresh water delivery, wastewater treatment and handling other fluids.
Gathering and Compression activities consist of pipelines (high and low pressure), compressor stations and processing plants that collect and process natural gases and oils from company wells in Virginia and Ohio.
Freshwater Delivery services are the one that consist of delivering freshwater and creating impoundments for Antero Resources.
Other Fluid Handling services carry out flowback and producing water, blending, storing, and transporting operations; also supporting well completion and other production operations for Antero Resources.
Wastewater treatment were the services idled after the final quarter of 2019 and won’t be continued till the foreseeable future.
In Q2 2019, the total revenue rose from 55.8 billion to 264.152 billion, approximately 3 times of the former. However, in Q2 2020 it fell by 9%, even the contribution of fluid handling activities went down. After Q3 2020, the total revenue started increasing on a decreasing level with lesser signs of stability.
Discontinuation of wastewater treatment services in 2019 and the recurrent waves of coronavirus can be the important factors impacting the company’s overall revenue. Contribution of compression, high pressure gathering and fluid handling services went up in Q3 2021 while other services witnessed a decreased growth.
About the Company
Antero Midstream Corporation was started as Antero Resources Midstream Management LLC in 2013, with the intention of becoming the general partner of Antero Midstream Partners. The company is responsible for owning and operating midstream energy assets providing rich gas production in North America’s two of the lowest cost natural gas and natural gas liquids basins, the Marcellus Shale and Utica Shale. The company owns 8-, 12-, 16-, and 20-inch high- and low-pressure gathering pipelines and compressor stations of 153 miles and 96 miles at both basins respectively.
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