Companies / AM Antero Midstream Corp (AM)
Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The gathering and processing segment includes a network of gathering pipelines and compressor stations that collect and process natural gas and NGLs from Antero Resources' wells in West Virginia and Ohio. The Water Handling segment delivers water from sources, including the Ohio River, local reservoirs, and various regional waterways; other fluid handling services, which include transfer and disposal; uses water handling systems to transport flowback and produced water; and buried pipelines, surface pipelines, and water storage facilities, as well as pumping stations and blending facilities. Antero Midstream Corporation was founded in 2002 and is headquartered in Denver, Colorado.
Ticker AM Exchange NYSE Sector Energy Industry Oil & Gas Midstream Market cap $8.99B 52-week range $17.12 - $23.83 Valuation Share price $18.98 (close of Nov 6, 2026) P/E (TTM) 13.27x Price to book 4.06x Price to free cash flow 6.66x Enterprise value $12.19B Book value per share $4.68 Price performance Period Change 1 day -0.99% 5 days -11.60% 1 month -10.22% 3 months -11.68% 6 months -10.30% Year to date +6.69% 1 year +10.09% 3 years +47.47% 5 years +76.07% All time -13.73%
Short interest As of Oct 15, 2026 Short % of float 4.16% Shares short 13.63M Days to cover 5.39 Change since prior report +10.93% Source FINRA consolidated short interest Profitability and growth Return on equity 20.95% Return on invested capital 9.50% Return on assets 7.02% Return on capital employed 11.17% Gross margin 80.49% Net margin 34.77% EBITDA margin 71.49% Revenue growth 7.43% Net income growth 3.06% Free cash flow growth 20.47% Cash flow and balance sheet Free cash flow yield (TTM) 15.01% Current ratio 0.84x Net debt to EBITDA 2.36x Latest reported year Period end Dec 31, 2025 Fiscal year 2025 Revenue $1.19B Cost of revenue $231.91M Gross profit $956.52M EBITDA $849.65M Net income $413.16M Earnings per share $0.86 Interest expense $190.40M Shares outstanding 477.91M Income statement by year Period end Revenue Gross profit Net income EPS 2025-12-31 $1.19B $956.52M $413.16M $0.86 2024-12-31 $1.11B $888.22M $400.89M $0.83 2023-12-31 $1.04B $828.61M $371.79M $0.77 2022-12-31 $919.99M $739.73M $326.24M $0.68 2021-12-31 $898.20M $741.08M $331.62M $0.69 2020-12-31 $900.72M $735.33M -$122.53M -$0.26 2019-12-31 $792.59M $596.77M -$355.11M -$0.80 2018-12-31 $142.91M - $66.61M $0.33 2017-12-31 $69.72M - $4.94M $0.03 2016-12-31 $16.94M - $9.71M $0.00
Margins and returns by year Period end Gross margin Net margin Return on equity Return on capital 2025-12-31 80.49% 34.77% 20.95% 9.50% 2024-12-31 80.29% 36.24% 18.95% 9.77% 2023-12-31 79.54% 35.69% 17.28% 9.01% 2022-12-31 80.41% 35.46% 14.88% 7.60% 2021-12-31 82.51% 36.92% 14.50% 8.10% 2020-12-31 81.64% -13.60% -5.07% -1.12% 2019-12-31 75.29% -44.80% -11.30% -4.90% 2018-12-31 - 46.61% 215.83% -142.09% 2017-12-31 - 7.08% - - 2016-12-31 - 57.31% - -
Cash and debt by year Period end Cash Debt 2025-12-31 $180.44M $3.22B 2024-12-31 - $3.12B 2023-12-31 $66.00K $3.21B 2022-12-31 - $3.36B 2021-12-31 - $3.12B 2020-12-31 $640.00K $3.09B 2019-12-31 $1.24M $2.89B 2018-12-31 $2.82M - 2017-12-31 $5.99M - 2016-12-31 $9.61M -
Free cash flow by year Period end Free cash flow Stock-based compensation 2025-12-31 $932.46M $45.96M 2024-12-31 $774.00M $44.33M 2023-12-31 $778.80M $31.61M 2022-12-31 $482.88M $19.65M 2021-12-31 $709.75M $13.53M 2020-12-31 $595.45M $12.78M 2019-12-31 $355.00M $73.52M 2018-12-31 $83.53M $35.11M 2017-12-31 $28.08M $34.93M 2016-12-31 $9.54M -
Dividend history Most recent payment Oct 28, 2026 Paid in the last twelve months $0.90 Payment date Dividend per share 2026-10-28 $0.23 2026-07-29 $0.23 2026-04-29 $0.23 2026-01-28 $0.23 2025-10-22 $0.23 2025-07-23 $0.23 2025-04-23 $0.23 2025-01-29 $0.23
Investor relations Past earnings dates Reported Fiscal period EPS estimate 2026-10-28 Sep 2026 $0.29 2026-07-29 Jun 2026 $0.27 2026-04-29 Mar 2026 $0.26 2026-02-11 Dec 2025 $0.24 2025-10-29 Sep 2025 $0.25 2025-07-30 Jun 2025 $0.24 2025-04-30 Mar 2025 $0.23 2025-02-12 Dec 2024 $0.23
Filings and sources Company website anteromidstream.com SEC filings 10-K, 10-Q and 8-K on EDGAR Earnings calendar All upcoming reports Similar companies Williams Companies, Inc. (WMB) · Kinder Morgan, Inc. (KMI) · Energy Transfer LP (ET) · Targa Resources Corp. (TRGP) · ONEOK Inc (OKE) · Viper Energy, Inc. (VNOM) · Marathon Petroleum Corp (MPC) · Valero Energy Corp (VLO)
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