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

19.13 0.04 −0.21%
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) Return on invested capital

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Antero Midstream Corporation's return on invested capital over the twelve months to 30 September 2026 was 12.0%, up 3.8 percentage points from fiscal 2025 (8.17%). Over the past ten years it has ranged from −267.2% (fiscal 2017) to 1,527.5% (fiscal 2016); the current reading is higher than 82% of that period. That is above the Oil & Gas Midstream industry median of 6.10% and above the Energy sector median of 5.43%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 8.17% 0.30
FY2024 7.87% 0.74
FY2023 7.13% 1.06
FY2022 6.07% (0.35)
FY2021 6.42% 7.75
FY2020 −1.33% 2.80
FY2019 −4.13% 93.62
FY2018 −97.8% 169.46
FY2017 −267.2% (1,794.67)
FY2016 1,527.5% 1,364.91

Against its own ten years

Low −267.2% High 1,527.5%
Ten-year median 6.42%
Current reading's percentile 82

Return on invested capital against peers

Company Return on invested capital
FRO Frontline PLC compare 19.4%
HESM Hess Midstream Partners LP compare 15.7%
AM Antero Midstream Corporation 12.0%
WES Western Midstream Partners, LP compare 8.19%
SOBO South Bow Corporation compare 6.54%
KNTK Kinetik Holdings Inc. compare 5.82%
DTM DT Midstream, Inc. compare 5.14%
VNOM Viper Energy Inc. compare 4.01%
INSW International Seaways Inc. compare 0.00%
Oil & Gas Midstream industry median 6.10%
Energy sector median 5.43%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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