Antero Midstream Corporation

AM Energy Oil & Gas Midstream

Antero Midstream Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 7.43% from fiscal 2024.

Revenue
+10.9%
EPS
+244.9%
Free cash flow
+232.6%
Total debt
+4.82%

Quarter to September 2026, against a year earlier

19.20 0.66 −3.32%
Market cap
$9.1B
P/E
13.4×
Fwd P/E
15.8×
Dividend yield
4.69%
F-score
8/9
Altman Z
1.93
Beneish M
−2.89
Dividend safety
40/100

Antero Midstream Corporation (AM) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Antero Midstream Corporation (AM) trades at a EV/EBITDA of 9.5×. Over the past ten years it has ranged from 0.0× (December 2020) to 850× (January 2018); the current reading is higher than 28% of that period. That is above the Oil & Gas Midstream industry median of 9.0× and above the Energy sector median of 6.2×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 13.4× 13.49%
FY2024 11.8× 5.16%
FY2023 11.2× (0.15%)
FY2022 11.3× 7.58%
FY2021 10.5× (89.77%)
FY2020 102× —
FY2019 0.0× —
FY2016 0.0× —
FY2015 0.0× —

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 9.9× (38.69%)
Jun 2026 16.1× (1.25%)
Mar 2026 16.3× 21.53%
Dec 2025 13.4× 1.70%
34 more quarters

Against its own ten years

Low 0.0× High 850×
Ten-year median 11.3×
Current reading's percentile 28

EV/EBITDA against peers

Company EV/EBITDA
INSW International Seaways Inc. compare 5.1×
HESM Hess Midstream Partners LP compare 6.1×
FRO Frontline PLC compare 7.4×
AM Antero Midstream Corporation 9.5×
VNOM Viper Energy Inc. compare 9.8×
WES Western Midstream Partners, LP compare 10.2×
SOBO South Bow Corporation compare 10.5×
KNTK Kinetik Holdings Inc. compare 12.8×
DTM DT Midstream, Inc. compare 15.4×
Oil & Gas Midstream industry median 9.0×
Energy sector median 6.2×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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