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) Gross margin

Alert me on Gross margin

Antero Midstream Corporation's gross margin over the twelve months to 30 September 2026 was 76.9%, down 3.6 percentage points from fiscal 2025 (80.5%). Over the past ten years it has ranged from 75.3% (fiscal 2019) to 100.0% (fiscal 2016); the current reading is higher than 56% of that period. That is above the Oil & Gas Midstream industry median of 54.9% and above the Energy sector median of 42.1%.

Gross margin, annual

Embed this chart

Annual newest first

Period Gross margin Change (points)
FY2025 80.5% 0.20
FY2024 80.3% 0.75
FY2023 79.5% (0.87)
FY2022 80.4% (2.10)
FY2021 82.5% 0.87
FY2020 81.6% 6.35
FY2019 75.3% (24.71)
FY2016 100.0% 0.00
FY2015 100.0% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 74.5% 0.37
Jun 2026 74.2% (3.33)
Mar 2026 77.5% (4.29)
Dec 2025 81.8% 1.42
34 more quarters

Against its own ten years

Low 75.3% High 100.0%
Ten-year median 80.5%
Current reading's percentile 11

Gross margin against peers

Company Gross margin
VNOM Viper Energy Inc. compare 100.0%
HESM Hess Midstream Partners LP compare 100.0%
DTM DT Midstream, Inc. compare 100.0%
WES Western Midstream Partners, LP compare 91.0%
AM Antero Midstream Corporation 76.9%
FRO Frontline PLC compare 66.7%
SOBO South Bow Corporation compare 49.5%
KNTK Kinetik Holdings Inc. compare 41.0%
INSW International Seaways Inc. compare 0.00%
Oil & Gas Midstream industry median 54.9%
Energy sector median 42.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

More on AM