Saturday 17 October 2026 Export AM’s income statement to Excel — free account

Antero Midstream Corporation

Antero Midstream Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 7.43% from fiscal 2024. In the quarter to June 2026, revenue grew 7.13%, EPS fell 7.69%, free cash flow fell 11.8% and total debt rose 17.9%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for three, operating cash flow growth for three.

20.64 0.72 +3.61%

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Market cap: $9.5B
P/E: 24.6×
Fwd P/E: 19.5×
Dividend yield: 4.36%
F-score: 8/9
Altman Z: 1.93
Beneish M: −2.89
Dividend safety: 40/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 5.26

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	1	—	—	3	—	2	—	—	2	—	—

Insider Ownership 30.68%

Capital & Financial Ratios $m

Market Cap 9,460.00

Revenue 1,233.28

Net Income 399.69

Free Cash Flow 1,154.19

Net Debt 3,566.18

Current Ratio 0.84

Debt/Equity 1.83

P/E ratio 24.57

Fwd P/E 19.50

P/S ratio 7.95

P/B ratio 5.04

Past 5Y EPS Growth —

This Y EPS Growth 27.05%

Next Y EPS Growth 19.41%

Next Y revenue growth 12.84%

Next 5Y EPS Growth 19.75%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 72.33%

10-year low 10-year high

P/S against its own 10 years 67.82%

10-year low 10-year high

P/B against its own 10 years 74.20%

10-year low 10-year high

EV/Sales against its own 10 years 66.07%

10-year low 10-year high

EV/FCF against its own 10 years 0.51%

10-year low 10-year high

Dividends

Payout Ratio 1.07

Annual Dividend Rate 0.90

Annual Dividend Yield 4.36%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.90	0.23 0.23 0.23
2025	0.90	0.23 0.23 0.23 0.23
2024	0.90	0.23 0.23 0.23 0.23
2023	0.90	0.23 0.23 0.23 0.23
2022	0.90	0.23 0.23 0.23 0.23
2021	0.98	0.31 0.23 0.23 0.23
2020	1.23	0.31 0.31 0.31 0.31
2019	1.08	0.16 0.30 0.31 0.31
2018	0.45	0.08 0.11 0.13 0.14
2017	0.67	0.28 0.30 0.03 0.06
2016	0.97	0.22 0.24 0.25 0.27

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	0	—	263	—
Receivables	90	116	110	139
Inventory	—	—	—	—
Other	2	2	7	2
	91	118	380	141

	2023	2024	2025	Q'26
Payables	15	16	16	19
ST’ Debt	—	—	—	—
Other	1	1	4	1
	96	101	111	167

Compound Annual Growth %

	10y	5y	3y
Sales	—	5.70%	8.91%
Cash Flow	123.86%	4.36%	10.05%
Earnings	87.19%	0.00%	8.20%
Book Value	126.37%	(4.00%)	(3.47%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	314	327	—	—	—
’25	291	305	295	297	1,188
’24	279	270	270	287	1,106
’23	259	258	264	260	1,042
’22	218	229	231	242	920
’21	224	233	225	216	898
’20	244	220	233	204	901

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	239	254	—	—	—
’25	199	265	213	256	932
’24	211	216	185	233	844
’23	183	186	202	208	779
’22	185	170	177	169	700
’21	166	195	185	164	710
’20	147	241	158	206	753

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	579	202	—	—	—
’25	168	228	167	207	770
’24	175	172	129	194	672
’23	141	144	157	154	595
’22	101	92	107	108	406
’21	139	149	103	88	479
’20	79	186	117	176	557

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.25	0.24	—	—	—
’25	0.25	0.26	0.24	0.11	0.86
’24	0.21	0.18	0.21	0.23	0.83
’23	0.18	0.18	0.20	0.21	0.77
’22	0.17	0.17	0.17	0.17	0.68
’21	0.17	0.17	0.19	0.16	0.69
’20	(0.81)	0.18	0.22	0.16	(0.26)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	16.62	10.12	4.26	1.69	7.57	8.56	9.56	11.58	15.08	Analyst estimates 2026–2028 Powerpack
	High	—	22.87	22.39	14.56	8.64	11.71	11.61	13.46	16.00	19.82
People
People	Employees	—	—	—	547	522	519	586	604	616	632
	Revenue/emp, $m	0.00	—	—	1.45	1.73	1.73	1.57	1.72	1.80	1.88
Income, $m
Income, $m	Revenue	17	—	—	793	901	898	920	1,042	1,106	1,188
	Gross margin, %	100.00	—	—	75.29	81.64	82.51	80.41	79.54	80.29	80.49
	EBT	16	29	99	(458)	(178)	449	444	500	549	564
	EBT margin, %	95.20	0.00	0.00	(57.73)	(19.79)	49.96	48.23	48.00	49.60	47.47
	Net income	10	2	67	(355)	(123)	332	326	372	401	413
	Depreciation	—	—	0	156	184	185	208	213	217	210
Per share, $
Per share, $	Revenue	0.00	0.00	0.00	1.79	1.88	1.88	1.92	2.17	2.30	2.49
	Earnings	—	0.01	0.33	(0.80)	(0.26)	0.69	0.68	0.77	0.83	0.86
	Cash flow	0.00	0.15	0.45	1.41	1.58	1.49	1.46	1.63	1.76	1.95
	Capex	—	0.00	0.00	(0.89)	(0.41)	(0.48)	(0.61)	(0.38)	(0.36)	(0.34)
	Free cash flow	0.00	0.15	0.45	0.52	1.17	1.00	0.85	1.24	1.40	1.61
	Book value	0.00	0.08	0.17	7.10	5.06	4.79	4.58	4.49	4.40	4.13
	Shares, m	—	186	186	443	478	477	478	479	481	478
Valuation, ×
Valuation, ×	P/E	159.29	—	—	0.00	0.00	14.03	15.30	16.39	17.96	20.69
	P/S	0.00	—	—	4.24	4.09	5.14	5.49	5.81	6.56	7.15
	P/B	0.00	—	—	1.07	1.52	2.02	2.30	2.81	3.43	4.31
	EV/Sales	(0.63)	—	—	7.89	7.53	8.62	9.14	8.89	9.35	9.64
	EV/FCF	(1.06)	—	—	27.13	12.16	16.18	20.70	15.56	15.40	14.88
Cash, $m
Cash, $m	Operating cash flow	10	28	84	622	753	710	700	779	844	932
	Capex	—	—	—	(392)	(196)	(231)	(293)	(184)	(172)	(162)
	Free cash flow	10	28	84	230	557	479	406	595	672	770
Balance, $m
Balance, $m	Working capital	3	(8)	(14)	(134)	0	(30)	(13)	(5)	17	268
	Total debt	—	—	—	2,892	3,092	3,123	3,361	3,213	3,117	3,223
	Net debt	(10)	(6)	(3)	2,891	3,091	3,123	3,361	3,213	3,117	2,960
	Shareholders’ equity	10	16	31	3,143	2,418	2,287	2,192	2,152	2,115	1,972
Returns, %
Returns, %	ROA	105.50	9.87	158.45	(11.23)	(2.07)	5.94	5.75	6.44	6.96	7.09
	ROIC	1,527.46	(267.21)	(97.75)	(4.13)	(1.33)	6.42	6.07	7.13	7.87	8.17
	ROE	179.38	17.97	264.14	(22.40)	(4.43)	14.07	14.54	17.09	18.76	20.19

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
VNOM Viper Energy Inc.	$15.7B	322×	18.4×	+127.95% (above 0%: growing)	+160.71% (above 0%: growing)	+146.15% (above 0%: growing)	100.00%	63.22%	Compare
DTM DT Midstream, Inc.	$12.1B	26.9×	29.8×	+11.00% (above 0%: growing)	+4.76% (above 0%: growing)	+12.50% (above 0%: growing)	100.00%	50.44%	Compare
FRO Frontline PLC	$11.7B	7.9×	4.6×	+112.25% (above 0%: growing)	+745.71% (above 0%: growing)	+155.42% (above 0%: growing)	74.15%	65.92%	Compare
AM Antero Midstream Corporation	$9.5B	24.6×	19.5×	+7.13% (above 0%: growing)	−7.69% (below 0%: shrinking)	−11.79% (below 0%: shrinking)	74.17%	55.59%
KNTK Kinetik Holdings Inc.	$8.7B	19.8×	54.5×	+36.25% (above 0%: growing)	+96.97% (above 0%: growing)	+775.96% (above 0%: growing)	46.77%	23.04%	Compare
SOBO South Bow Corporation	$7.0B	15.7×	21.2×	+4.20% (above 0%: growing)	+39.13% (above 0%: growing)	+48.75% (above 0%: growing)	55.68%	48.90%	Compare
HESM Hess Midstream Partners LP	$6.3B	10.6×	14.7×	−3.67% (below 0%: shrinking)	+1.35% (above 0%: growing)	+19.67% (above 0%: growing)	100.00%	63.46%	Compare
INSW International Seaways Inc.	$5.6B	7.0×	5.0×	+138.85% (above 0%: growing)	+376.80% (above 0%: growing)	+125.42% (above 0%: growing)	76.05%	64.49%	Compare
CMBT CMB.TECH nv	$5.2B	3.6×	5.4×	+519.15% (above 0%: growing)	n/m	+451.20% (above 0%: growing)	71.02%	54.45%	Compare
Median of peers	$7.9B	13.1×	16.5×	+74.25%	+96.97%	+135.79%	75.10%	58.83%

All 58 Oil & Gas Midstream stocks →

Antero Midstream Corporation (AM) key facts

Strength: Antero Midstream Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 7.43% from fiscal 2024.
Antero Midstream Corporation (AM) is an Oil & Gas Midstream company in the Energy sector, listed on the New York Stock Exchange.
As of October 16, 2026, AM traded at $20.64, a market capitalization of $9.5 billion.
Antero Midstream Corporation pays an annual dividend of $0.90 per share, a yield of 4.36%, with a payout ratio of 107.1%.
Return on equity was 20.2% and debt-to-equity 1.83.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 1.93 (grey zone) for fiscal 2025.