Antero Midstream Corporation (AM)
NYSE: AM · Real-Time Price · USD
21.97
-0.78 (-3.43%)
Jul 27, 2026, 4:00 PM EDT - Market closed

Antero Midstream Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
1,2121,1881,1061,042919.99898.2
Revenue Growth
8.34%7.43%6.18%13.24%2.43%-0.28%
Gross Profit
965.73956.52888.22828.61739.73741.08
Operating Income
656.06644.67659.17611.86539.47555.33
Net Income
410.69413.16400.89371.79326.24331.62
Earnings Per Share
0.860.860.830.770.680.69
EPS Growth
-1.15%3.61%7.79%13.23%-1.45%-

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gathering and Processing
826.44805.28888.98805.28706.18712.65
Water Handling
238.41236.5217.22236.5213.81185.55
Revenue (Total)
1,2121,1881,1061,042919.99898.2

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
0180.4400.0700
Total Debt
3,7133,2233,1173,2133,3613,123
Net Cash (Debt)
-3,713-3,042-3,117-3,213-3,361-3,123
Net Cash Growth
------
Net Cash Per Share
-7.73-6.31-6.42-6.66-7.00-6.51

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
716.64932.46843.99779.06699.6709.75
Capital Expenditures
-169.63-162.26-172.35-183.73-298.92-232.83
Free Cash Flow
547.01770.21671.65595.33400.68476.93
Free Cash Flow Growth
26.66%14.67%12.82%48.58%-15.99%-14.32%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
79.71%80.49%80.29%79.54%80.41%82.51%
Operating Margin
54.15%54.25%59.59%58.73%58.64%61.83%
Pretax Margin
46.49%47.47%49.60%48.00%48.23%49.96%
Profit Margin
33.90%34.77%36.24%35.69%35.46%36.92%
FCF Margin
45.15%64.81%60.72%57.15%43.55%53.10%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
0.9000.9000.9000.9000.9000.900
Dividend Per Share Growth
0%0%0%0%0%-26.83%
Dividend Yield
4.10%5.16%6.03%7.24%8.39%10.20%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
25.5620.6918.1816.2715.8714.03
Forward PE
18.9715.4815.9614.0814.4811.48
P/FCF Ratio
13.0010.9510.7710.1012.899.69
PS Ratio
8.127.106.545.775.615.15