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

19.09 0.08 −0.42%
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) Operating margin

Alert me on Operating margin

Antero Midstream Corporation's operating margin over the twelve months to 30 September 2026 was 81.3%, up 27.0 percentage points from fiscal 2025 (54.3%). Over the past ten years it has ranged from −50.3% (fiscal 2019) to 100.0% (fiscal 2015); the current reading is higher than 45% of that period. That is above the Oil & Gas Midstream industry median of 34.7% and above the Energy sector median of 15.2%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 54.3% (5.34)
FY2024 59.6% 0.86
FY2023 58.7% 0.09
FY2022 58.6% (3.19)
FY2021 61.8% 74.89
FY2020 −13.1% 37.22
FY2019 −50.3% (50.28)
FY2018 0.00% 0.00
FY2017 0.00% (95.20)
FY2016 95.2% (4.80)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 170.4% 114.80
Jun 2026 55.6% (4.44)
Mar 2026 60.0% 26.19
Dec 2025 33.8% (27.38)
39 more quarters

Against its own ten years

Low −50.3% High 100.0%
Ten-year median 58.6%
Current reading's percentile 97

Operating margin against peers

Company Operating margin
AM Antero Midstream Corporation 81.3%
HESM Hess Midstream Partners LP compare 62.7%
FRO Frontline PLC compare 54.1%
DTM DT Midstream, Inc. compare 49.4%
SOBO South Bow Corporation compare 42.8%
WES Western Midstream Partners, LP compare 38.5%
VNOM Viper Energy Inc. compare 36.2%
KNTK Kinetik Holdings Inc. compare 12.2%
INSW International Seaways Inc. compare 0.00%
Oil & Gas Midstream industry median 34.7%
Energy sector median 15.2%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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