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) Free cash flow margin

Alert me on Free cash flow margin

Antero Midstream Corporation's free cash flow margin over the twelve months to 30 September 2026 was 121.8%, up 57.0 percentage points from fiscal 2025 (64.8%). Over the past ten years it has ranged from 0.00% (fiscal 2018) to 64.8% (fiscal 2025) — the current reading is the highest in ten years. That is above the Oil & Gas Midstream industry median of 14.4% and above the Energy sector median of 6.87%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 64.8% 4.09
FY2024 60.7% 3.57
FY2023 57.2% 12.97
FY2022 44.2% (9.10)
FY2021 53.3% (8.61)
FY2020 61.9% 32.82
FY2019 29.1% 29.07
FY2018 0.00% 0.00
FY2017 0.00% (56.29)
FY2016 56.3% 32.95

Against its own ten years

Low 0.00% High 64.8%
Ten-year median 53.3%
Current reading's percentile 100

Free cash flow margin against peers

Company Free cash flow margin
AM Antero Midstream Corporation 121.8%
HESM Hess Midstream Partners LP compare 56.2%
FRO Frontline PLC compare 56.2%
INSW International Seaways Inc. compare 51.7%
WES Western Midstream Partners, LP compare 45.6%
DTM DT Midstream, Inc. compare 40.0%
SOBO South Bow Corporation compare 34.1%
KNTK Kinetik Holdings Inc. compare 11.9%
VNOM Viper Energy Inc. compare 4.55%
Oil & Gas Midstream industry median 14.4%
Energy sector median 6.87%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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