Antero Midstream Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,259	1,177	1,112	990.66	968.87
Revenue	1,259	1,177	1,112	990.66	968.87
Revenue Growth (YoY)	6.99%	5.79%	12.29%	2.25%	-0.26%
Cost of Revenue	231.91	217.98	213.17	180.25	157.12
Gross Profit	1,027	958.89	899.28	810.4	811.75
Selling, General & Admin	87.93	86.09	71.07	62.13	63.84
Other Operating Expenses	72.67	73.31	80.14	75.6	75.13
Operating Expenses	294.91	299.39	287.27	269.49	247.76
Operating Income	732.28	659.5	612.01	540.92	564
Interest Expense	-190.4	-207.03	-217.25	-189.95	-175.28
Earnings From Equity Investments	116.44	110.57	105.46	94.22	90.45
EBT Excluding Unusual Items	658.31	563.04	500.22	445.19	479.17
Merger & Restructuring Charges	-5.2	-	-	-	-
Gain (Loss) on Sale of Assets	-86.63	-	-	2.25	-3.63
Asset Writedown	-0.98	-0.33	-0.15	-3.7	-5.04
Other Unusual Items	-1.31	-14.09	-	-	-21.76
Pretax Income	564.2	548.62	500.07	443.74	448.74
Income Tax Expense	151.03	147.73	128.29	117.49	117.12
Net Income	413.16	400.89	371.79	326.24	331.62
Preferred Dividends & Other Adjustments	0.55	0.55	0.55	0.55	0.55
Net Income to Common	412.61	400.34	371.24	325.69	331.07
Net Income Growth	3.06%	7.83%	13.96%	-1.62%	-
Shares Outstanding (Basic)	478	481	479	478	477
Shares Outstanding (Diluted)	482	485	482	480	480
Shares Change (YoY)	-0.63%	0.60%	0.43%	0.12%	0.30%
EPS (Basic)	0.86	0.83	0.77	0.68	0.69
EPS (Diluted)	0.86	0.83	0.77	0.68	0.69
EPS Growth	3.61%	7.79%	13.23%	-1.45%	-
Free Cash Flow	770.21	601.66	595.06	183.95	476.93
Free Cash Flow Per Share	1.60	1.24	1.23	0.38	0.99
Dividend Per Share	0.900	0.900	0.900	0.900	0.900
Dividend Growth	-	-	-	-	-26.83%
Gross Margin	81.58%	81.48%	80.84%	81.81%	83.78%
Operating Margin	58.16%	56.04%	55.02%	54.60%	58.21%
Profit Margin	32.77%	34.02%	33.37%	32.88%	34.17%
Free Cash Flow Margin	61.17%	51.12%	53.49%	18.57%	49.23%
EBITDA	937.26	870.17	818.74	743.57	743.92
EBITDA Margin	74.44%	73.94%	73.60%	75.06%	76.78%
D&A For EBITDA	204.98	210.67	206.73	202.66	179.92
EBIT	732.28	659.5	612.01	540.92	564
EBIT Margin	58.16%	56.04%	55.02%	54.60%	58.21%
Effective Tax Rate	26.77%	26.93%	25.65%	26.48%	26.10%
Revenue as Reported	1,188	1,106	1,042	919.99	898.2

Source: S&P Global Market Intelligence. Standard template. Financial Sources.