Antero Midstream Corporation AM

20.93 (0.30) (1.41%) as of 25 Sep
Market cap
$10.1B
P/E
24.9×
Growth Flags show if company had growth for consecutive years

Insider Decisions

Total sells 5.26
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — 1 — — 3 — 2 — — 2 —
Insider Ownership 30.68%

Capital & Financial Ratios

Market Cap 10,080.00
Revenue 1,233.28
Net Income 399.69
Free Cash Flow 1,154.19
Net Debt 3,566.18
Current Ratio 0.84
Debt/Equity 1.83
P/E ratio 24.92
P/S ratio 8.06
P/B ratio 5.11
Past 5Y EPS Growth 18.48%
This Y EPS Growth 27.05%
Next Y EPS Growth 19.41%
Next 5Y EPS Growth 19.75%
in millions of $

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield 7.56%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.90
0.23
0.23
0.23
2025 0.90
0.23
0.23
0.23
0.23
2024 0.90
0.23
0.23
0.23
0.23
2023 0.90
0.23
0.23
0.23
0.23
2022 0.90
0.23
0.23
0.23
0.23
2021 0.98
0.31
0.23
0.23
0.23
2020 1.23
0.31
0.31
0.31
0.31
2019 1.08
0.16
0.30
0.31
0.31
2018 0.45
0.08
0.11
0.13
0.14
2017 0.67
0.28
0.30
0.03
0.06
2016 0.97
0.22
0.24
0.25
0.27
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 0 — 263 —
Receivables 90 116 110 139
Inventory — — — —
Other 2 2 7 2
91 118 380 141
2023 2024 2025 Q'26
Payables 15 16 16 19
ST’ Debt — — — —
Other 1 1 4 1
96 101 111 167
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — 5.70% 8.91%
Cash Flow 123.86% 4.36% 10.05%
Earnings 87.19% 0.00% 8.20%
Book Value 126.37% (4.00%) (3.47%)

Revenue

Mar Jun Sep Dec Year
’26 314 327 — — —
’25 291 305 295 297 1,188
’24 279 270 270 287 1,106
’23 259 258 264 260 1,042
’22 218 229 231 242 920
’21 224 233 225 216 898
’20 244 220 233 204 901
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 239 254 — — —
’25 199 265 213 256 932
’24 211 216 185 233 844
’23 183 186 202 208 779
’22 185 170 177 169 700
’21 166 195 185 164 710
’20 147 241 158 206 753
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 579 202 — — —
’25 168 228 167 207 770
’24 175 172 129 194 672
’23 141 144 157 154 595
’22 101 92 107 108 406
’21 139 149 103 88 479
’20 79 186 117 176 557
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.25 0.24 — — —
’25 0.25 0.26 0.24 0.11 0.86
’24 0.21 0.18 0.21 0.23 0.83
’23 0.18 0.18 0.20 0.21 0.77
’22 0.17 0.17 0.17 0.17 0.68
’21 0.17 0.17 0.19 0.16 0.69
’20 (0.81) 0.18 0.22 0.16 (0.26)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

3.1
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— 16.62 10.12 4.26 1.69 7.57 8.56 9.56 11.58 15.08

Analyst estimates 2026–2028

Powerpack
Low Price
— 22.87 22.39 14.56 8.64 11.71 11.61 13.46 16.00 19.82
High Price
— — — 547 522 519 586 604 616 632
Employees
0 — — 1 2 2 2 2 2 2
Revenue/Emp
17 — — 793 901 898 920 1,042 1,106 1,188
Revenue
100.00% — — 75.29% 81.64% 82.51% 80.41% 79.54% 80.29% 80.49%
Gross Margin
16 29 99 (458) (178) 449 444 500 549 564
EBT
95.20% 0.00% 0.00% (57.73%) (19.79%) 49.96% 48.23% 48.00% 49.60% 47.47%
EBT Margin
10 2 67 (355) (123) 332 326 372 401 413
Net Income
— — 0 156 184 185 208 213 217 210
Depreciation
0.00 0.00 0.00 1.79 1.88 1.88 1.92 2.17 2.30 2.49
Revenue/Sh
— 0.01 0.33 (0.80) (0.26) 0.69 0.68 0.77 0.83 0.86
Earnings/Sh
0.00 0.15 0.45 1.41 1.58 1.49 1.46 1.63 1.76 1.95
Cash Flow/Sh
— 0.00 0.00 (0.89) (0.41) (0.48) (0.61) (0.38) (0.36) (0.34)
Capex/Sh
0.00 0.15 0.45 0.52 1.17 1.00 0.85 1.24 1.40 1.61
Free CF/Sh
0.00 0.08 0.17 7.10 5.06 4.79 4.58 4.49 4.40 4.13
Book Value/Sh
— 186 186 443 478 477 478 479 481 478
Shares
159.29 — — 0.00 0.00 14.03 15.30 16.39 17.96 20.69
PE Ratio
0.00 — — 4.24 4.09 5.14 5.49 5.81 6.56 7.15
PS Ratio
0.00 — — 1.07 1.52 2.02 2.30 2.81 3.43 4.31
PB Ratio
(0.63) — — 7.89 7.53 8.62 9.14 8.89 9.35 9.64
EV/Sales
(1.06) — — 27.13 12.16 16.18 20.70 15.56 15.40 14.88
EV/FCF
10 28 84 622 753 710 700 779 844 932
Op' Cash Flow
— — — (392) (196) (231) (293) (184) (172) (162)
Capex
10 28 84 230 557 479 406 595 672 770
FCF
3 (8) (14) (134) 0 (30) (13) (5) 17 268
Working Cap'
— — — 2,892 3,092 3,123 3,361 3,213 3,117 3,223
Total Debt
(10) (6) (3) 2,891 3,091 3,123 3,361 3,213 3,117 2,960
Net Debt
10 16 31 3,143 2,418 2,287 2,192 2,152 2,115 1,972
Sh' Equity
105.50% 9.87% 158.45% (11.23%) (2.07%) 5.94% 5.75% 6.44% 6.96% 7.09%
ROA
1,527.46% (267.21%) (97.75%) (4.13%) (1.33%) 6.42% 6.07% 7.13% 7.87% 8.17%
ROIC
179.38% 17.97% 264.14% (22.40%) (4.43%) 14.07% 14.54% 17.09% 18.76% 20.19%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Antero Midstream Corporation peers in Oil & Gas Midstream

All 58 Oil & Gas Midstream stocks →

Antero Midstream Corporation (AM) key facts

  • Antero Midstream Corporation (AM) is an Oil & Gas Midstream company in the Energy sector, listed on the New York Stock Exchange.
  • Antero Midstream Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 7.43% from fiscal 2024.
  • Net income was $413.2 million, or $0.86 per share (basic), a net margin of 34.7%.
  • As of September 25, 2026, AM traded at $20.93, a market capitalization of $10.1 billion.
  • At that price the stock trades at 24.9× trailing-twelve-month earnings and 8.1× sales.
  • Return on equity was 20.2% and debt-to-equity 1.83.

Source: company filings (standardised) and stockrow calculations.

Antero Midstream Corporation (AM) Latest News

News by impact score

Fine-tune

8 Aug

4

Antero Midstream posts record EBITDA while launching Eastside Express, strengthening financial results and investor positioning. Record EBITDA and Eastside Express launch mark major strategic advances likely to significantly boost Antero Midstream's financial trajectory and market position.

7 Aug

3 transcript

Antero Midstream (AM) held its Q2 2026 earnings call covering financial results, throughput volumes, revenues, and operational guidance for midstream assets. Quarterly earnings updates supply performance details and outlook that can shift near-term investor sentiment without altering long-term company trajectory.

31 Jul

3

Antero Midstream reported Q2 revenue and EBITDA growth, raised full-year guidance, and outlined continued focus on gathering and processing expansions with stable volume commitments from upstream partners. Quarterly earnings and guidance updates typically produce moderate but contained moves in valuation and sentiment for midstream operators.

29 Jul

3

Antero Midstream reported Q2 earnings and provided analysis of key financial metrics. Q2 earnings disclosure and metric review may affect near-term stock sentiment and valuation.

3

Antero Midstream Corporation reported its second quarter 2026 financial and operating results. Quarterly earnings releases typically provide performance updates that moderately influence near-term stock sentiment and valuation.

4 May

3

Antero Midstream Corporation (AM) Q1 earnings missed analyst estimates, but revenues increased year-over-year. Earnings miss tempers revenue growth, creating moderate pressure on financial performance and investor sentiment.

1 May

4

Antero Midstream Corporation secures record $1.1 billion deal, reframing its growth trajectory and risk profile. Record $1.1b deal is a major strategic move significantly altering AM's growth and risk profile.

4

Antero Midstream Corp (AM) Q1 2026 earnings call highlighted strategic acquisitions and robust performance, driving positive outlook amid strong operational results. Strategic acquisitions and robust earnings signal major positive shifts in growth trajectory and investor sentiment.

4

Antero Midstream Corporation released Q1 earnings call highlights covering financial results, operational updates, and forward guidance. Q1 earnings highlights disclose financial performance, strategic initiatives, and outlook directly shaping Antero Midstream's trajectory and investor sentiment.

30 Apr

4 transcript

Antero Midstream Corporation (AM) released its Q1 2026 earnings call transcript detailing quarterly financial results, operational updates, and management outlook. Q1 2026 earnings transcript reveals financial performance, guidance, and strategic insights that could significantly sway investor sentiment and stock trajectory.

4

Antero Midstream Corporation's Q1 2026 earnings call summary details quarterly financial results, operational updates, and future outlook. Quarterly earnings summaries disclose financial performance and guidance, significantly impacting investor sentiment and stock trajectory.

29 Apr

4

Antero Midstream Corporation announced first quarter 2026 financial and operating results. Quarterly earnings announcements directly impact financial performance, stock price, and investor sentiment for Antero Midstream.

14 Mar

3

Antero Midstream Corporation's stock has surged 271% over the past three years, driven by robust midstream operations and energy sector tailwinds, but elevated valuations and shifting market dynamics raise questions about its status as the premier energy stock for investors. Strong historical gains boost sentiment but highlight valuation risks that could moderately influence future performance.

13 Mar

3

Antero Midstream Corporation (AM) stock has risen 9.3% since its last earnings report due to positive factors highlighted in recent analysis. Post-earnings stock rise of 9.3% indicates moderately noticeable positive market sentiment toward financial performance.

6 Mar

3

Infinity Natural Resources (INR) finalizes transformational $1.2B acquisition of Ohio Utica Shale assets. INR's $1.2B Utica Shale acquisition heightens basin activity, moderately impacting Antero Midstream's volume potential and investor sentiment.

16 Feb

3

Antero Midstream Corporation (AM) reported results for Q4 2025. Quarterly earnings reports moderately influence financial performance and market sentiment.

14 Feb

3

Antero Midstream Corporation reported earnings that fell short of analyst expectations, leading to a reassessment of future forecasts by analysts. The company's performance has raised concerns about its operational efficiency and market positioning, prompting analysts to adjust their outlooks accordingly. Earnings misses can moderately influence investor sentiment and financial performance, but the overall impact is expected to be limited.

12 Feb

4

Antero Midstream Corporation reported strong Q4 2025 earnings, highlighting a strategic acquisition that is expected to enhance operational efficiency and market position. The company achieved record revenue and cash flow, driven by increased demand for natural gas and improved infrastructure. Management expressed optimism about future growth prospects and reaffirmed its commitment to shareholder returns through dividends and share repurchases. The strategic acquisition and record financial performance are likely to significantly impact the company's future trajectory and investor sentiment.

4 transcript

Antero Midstream Corporation reported its Q4 earnings, highlighting strong financial performance driven by increased demand for natural gas and efficient operations. The company emphasized its commitment to maintaining a robust distribution policy while investing in infrastructure to support future growth. Management provided insights into strategic initiatives aimed at enhancing operational efficiency and expanding market reach, positioning Antero Midstream favorably in a competitive landscape. Overall, the earnings call reflected confidence in the company's trajectory amidst evolving market dynamics. Significant strategic initiatives and strong financial performance indicate a likely positive impact on future growth and market positioning.

4 transcript

Antero Midstream Corporation reported its Q4 2025 earnings, highlighting key financial metrics and operational performance. The company discussed its strategic initiatives, including infrastructure investments and cost management efforts. Management provided insights into market conditions and future growth prospects, emphasizing the importance of maintaining a strong balance sheet and generating free cash flow. The earnings call also addressed challenges faced in the current economic environment and outlined plans to navigate these issues effectively. Significant strategic initiatives and market conditions discussed could notably influence future performance and investor sentiment.

4 transcript

Antero Midstream Corporation reported its Q4 2025 earnings, highlighting a strong performance driven by increased demand for natural gas and efficient operations. The company achieved significant revenue growth compared to the previous quarter, supported by strategic investments in infrastructure. Management expressed optimism about future cash flows and reaffirmed guidance for the upcoming year, emphasizing a commitment to shareholder returns through dividends and potential buybacks. The earnings call also addressed market challenges, including regulatory pressures and competition, while outlining plans to enhance operational efficiency. The strong earnings performance and strategic investments indicate a significant positive shift in the company's trajectory and investor sentiment.

3

Antero Midstream Corporation reported its Q4 earnings, which fell short of expectations due to increased operating expenses. The company's financial performance was impacted by higher costs, raising concerns among investors about future profitability and operational efficiency. Higher operating expenses could moderately affect financial performance and investor sentiment.

11 Feb

4

Antero Midstream Corporation reported its fourth quarter 2025 financial results, highlighting strong performance metrics and operational efficiency. The company provided guidance for 2026, projecting continued growth and stability in its cash flow and distribution. Key factors influencing the outlook include increased production from Antero Resources and strategic investments in infrastructure. The management emphasized a commitment to maintaining a strong balance sheet while pursuing opportunities for expansion. The guidance for 2026 indicates significant growth potential driven by increased production and strategic investments.

3

Antero Midstream Corporation (AM) reported its Q4 earnings, revealing key metrics that compared favorably against analysts' estimates. The results highlighted improvements in operational efficiency and financial performance, contributing to a positive outlook for the company. Investors reacted favorably to the earnings report, indicating confidence in AM's strategic direction and market positioning. The earnings report shows moderately positive financial performance, which may influence investor sentiment and operational aspects but is not expected to drastically change the company's trajectory.

9 Feb

3

Antero Midstream Corporation is set to report its Q4 earnings, with analysts anticipating insights into the company's financial performance and operational strategies. Investors are keen to understand how recent market dynamics and operational efficiencies may influence future growth. The earnings report could provide critical information regarding cash flow, distribution policies, and overall market positioning, which are essential for assessing the stock's potential trajectory. The upcoming earnings report is expected to provide insights that may moderately influence financial performance and market sentiment.

6 Feb

3

Antero Resources is preparing to report its Q4 earnings, with expectations surrounding its financial performance and operational updates. Analysts are keen to assess how the company's strategies and market conditions have influenced its results, particularly in the context of ongoing industry trends and challenges. Investors are looking for insights into future guidance and potential impacts on Antero Midstream Corporation. Earnings reports typically provide insights that can moderately influence market sentiment and financial performance.

5 Feb

3

Implied volatility for Antero Midstream Corporation's stock options has surged, indicating increased investor uncertainty and potential for significant price movement. This spike in volatility often reflects market expectations of upcoming events or changes that could impact the company's stock performance. Traders are closely monitoring this trend as it may signal shifts in market sentiment regarding Antero Midstream's future prospects. Increased implied volatility suggests heightened market interest and potential impacts on stock performance, though it may not fundamentally alter the company's long-term trajectory.

3

Antero Midstream Corporation has experienced a period of steady trading, prompting a valuation check. Analysts are assessing the company's performance metrics and market position amidst fluctuating energy prices and evolving industry dynamics. The focus is on how these factors may influence Antero's future growth and investor sentiment. Current market conditions and performance metrics suggest a moderate influence on Antero Midstream's financial outlook.

4 Feb

3

Plains GP is preparing to report its Q4 earnings, with expectations surrounding its financial performance and operational updates. Analysts are keen to assess how the company navigates market challenges and its strategic initiatives moving forward. The earnings report will provide insights into Plains GP's growth trajectory and potential impacts on investor sentiment. Earnings reports can moderately influence market sentiment and financial performance, but the overall effect is expected to be balanced by other factors.

29 Jan

3

MPLX is preparing to report its Q4 earnings, with analysts anticipating insights into the company's financial performance and operational strategies. Investors are keen to understand how MPLX's results may reflect broader trends in the energy sector and impact market sentiment. Key metrics and guidance will be closely monitored as they could influence future stock performance and investor confidence. Earnings reports can moderately influence market sentiment and financial performance, but broader market factors will also play a significant role.

stockrow.com/AM · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com