AM · Antero Midstream Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $314.21M | - | $294.82M | $305.47M | $291.13M | - | $269.87M | $269.80M | $279.05M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $22.35M | - | $21.32M | $22.13M | $23.02M | - | $22.87M | $21.22M | $21.22M | - |
| Total Operating Expenses | $125.60M | - | $114.33M | $119.03M | $113.91M | - | $107.44M | $117.04M | $112.80M | - |
| D&A | $34.63M | - | $34.47M | $33.36M | $32.75M | - | $32.53M | $37.58M | $37.09M | - |
| Operating Income | $188.61M | - | $180.49M | $186.44M | $177.22M | - | $162.43M | $152.75M | $166.25M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $37.64M | - | $45.69M | $43.98M | $36.10M | - | $38.20M | $28.44M | $36.49M | - |
| Net Income | $118.13M | - | $115.85M | $124.38M | $120.60M | - | $99.60M | $85.90M | $103.79M | - |
| EPS - Basic | $0.25 | - | $0.24 | $0.26 | $0.25 | - | $0.21 | $0.18 | $0.22 | - |
| EPS - Diluted | $0.25 | - | $0.24 | $0.26 | $0.25 | - | $0.21 | $0.18 | $0.21 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $0 | $180.44M | $0 | $0 | $0 | - | $0 | - | $26.09M | $66.0K |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $154.94M | $379.86M | $113.37M | $114.48M | $127.65M | $118.06M | $99.88M | $103.60M | $133.69M | $91.13M |
| Total Assets | $6.41B | $5.88B | $5.72B | $5.73B | $5.75B | $5.76B | $5.78B | $5.77B | $5.75B | $5.74B |
| Current Liabilities | $157.25M | $111.48M | $90.02M | $111.17M | $90.20M | $100.61M | $91.52M | $115.97M | $107.32M | $96.42M |
| Long-term Debt | $3.67B | $3.22B | $3.01B | $3.02B | $3.11B | $3.12B | $3.17B | $3.19B | $3.17B | $3.21B |
| Total Liabilities | $4.47B | $3.91B | $3.65B | $3.64B | $3.66B | $3.65B | $3.65B | $3.65B | $3.60B | $3.59B |
| Stockholders' Equity | $1.94B | $1.97B | $2.07B | $2.09B | $2.09B | $2.12B | $2.13B | $2.13B | $2.15B | $2.15B |
| Retained Earnings | $104.20M | $14.78M | $88.26M | $111.83M | $99.37M | $90.55M | $99.74M | $86.04M | $103.93M | $100.45M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $238.62M | - | - | - | $198.94M | - | - | - | $210.56M | - |
| Investing Cash Flow | ($780.77M) | - | - | - | ($32.27M) | - | - | - | ($37.12M) | - |
| Financing Cash Flow | $279.21M | - | - | - | ($166.67M) | - | - | - | ($147.42M) | - |
| CapEx | - | - | - | - | - | - | - | - | $2.05M | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | $208.51M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 60.0% | - | 61.2% | 61.0% | 60.9% | - | 60.2% | 56.6% | 59.6% | - |
| EBITDA margin | 71.0% | - | 72.9% | 72.0% | 72.1% | - | 72.2% | 70.5% | 72.9% | - |
| Net margin | 37.6% | - | 39.3% | 40.7% | 41.4% | - | 36.9% | 31.8% | 37.2% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | 74.7% | - |
| FCF / Net income | - | - | - | - | - | - | - | - | 2.01 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 7.1% | - | 7.2% | 7.2% | 7.9% | - | 8.5% | 7.9% | 7.6% | - |
| Effective tax rate | 24.2% | - | 28.3% | 26.1% | 23.0% | - | 27.7% | 24.9% | 26.0% | - |
| Return on assets | 1.8% | - | 2.0% | 2.2% | 2.1% | - | 1.7% | 1.5% | 1.8% | - |
| Return on equity | 6.1% | - | 5.6% | 6.0% | 5.8% | - | 4.7% | 4.0% | 4.8% | - |
| Return on invested capital | 2.6% | - | 2.6% | 2.7% | 2.6% | - | 2.2% | 2.2% | 2.3% | - |
| Liquidity | ||||||||||
| Current ratio | 0.99 | 3.41 | 1.26 | 1.03 | 1.42 | 1.17 | 1.09 | 0.89 | 1.25 | 0.95 |
| Quick ratio | 0.99 | 3.41 | 1.26 | 1.03 | 1.42 | 1.17 | 1.09 | 0.89 | 1.25 | 0.95 |
| Cash ratio | 0.00 | 1.62 | 0.00 | 0.00 | 0.00 | - | 0.00 | - | 0.24 | 0.00 |
| Leverage | ||||||||||
| Debt / Equity | 1.89 | 1.63 | 1.46 | 1.45 | 1.49 | 1.47 | 1.49 | 1.50 | 1.48 | 1.49 |
| Debt / Assets | 0.57 | 0.55 | 0.53 | 0.53 | 0.54 | 0.54 | 0.55 | 0.55 | 0.55 | 0.56 |
| Debt / EBITDA | 16.42 | - | 14.00 | 13.76 | 14.82 | - | 16.27 | 16.74 | 15.61 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 3.31 | 2.98 | 2.77 | 2.74 | 2.75 | 2.72 | 2.71 | 2.71 | 2.67 | 2.67 |
| Liabilities / Assets | 0.70 | 0.66 | 0.64 | 0.64 | 0.64 | 0.63 | 0.63 | 0.63 | 0.63 | 0.62 |
| Efficiency | ||||||||||
| Asset turnover | 0.05 | - | 0.05 | 0.05 | 0.05 | - | 0.05 | 0.05 | 0.05 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 91.2x | - | 81.0x | 72.9x | 72.0x | - | 71.7x | 81.9x | 67.0x | - |
| P / B | 5.6x | - | 4.5x | 4.4x | 4.2x | - | 3.4x | 3.4x | 3.2x | - |
| P / S | 34.7x | - | 31.8x | 29.9x | 29.9x | - | 27.1x | 26.5x | 24.4x | - |
| EV / EBITDA | 65.2x | - | 57.6x | 55.3x | 56.3x | - | 53.7x | 54.3x | 49.0x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 7.9% | - | 9.2% | 13.2% | 4.3% | - | 2.3% | 4.5% | 7.5% | - |
| Revenue CAGR (3y) | 6.6% | - | 8.5% | 10.1% | 10.0% | - | 6.3% | 5.0% | 7.6% | - |
| Revenue CAGR (5y) | 7.0% | - | 4.8% | - | 5.8% | - | 2.1% | 1.1% | 38.8% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 6.4% | - | 11.1% | 22.1% | 6.6% | - | 0.1% | 5.0% | 12.1% | - |
| Net income growth (YoY) | -2.0% | - | 16.3% | 44.8% | 16.2% | - | 2.0% | -1.1% | 20.2% | - |
| EPS growth (YoY) | 0.0% | - | 14.3% | 44.4% | 19.0% | - | 5.0% | 0.0% | 16.7% | - |
| EPS CAGR (3y) | 11.6% | - | 12.2% | 15.2% | 13.7% | - | 3.4% | 1.9% | 7.3% | - |
| EPS CAGR (5y) | 8.0% | - | - | - | 12.3% | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | 14.3% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | 27.5% | - |
| Book value growth (YoY) | -7.3% | -6.8% | -3.0% | -1.9% | -2.9% | -1.7% | -1.0% | -1.2% | -1.2% | -1.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.19B totalGathering And Compression$950.20M · 80.0%
Water Handling$238.23M · 20.0%
Peer comparison
Same SIC group: Natural Gas Transmission
Comparing Antero Midstream Corp against the 5 most active filers in the same SIC group.
Dividends
$0.90/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| Apr 29, 2026 | $0.2250 |
| Jan 28, 2026 | $0.2250 |
| Oct 22, 2025 | $0.2250 |
| Jul 23, 2025 | $0.2250 |
| Apr 23, 2025 | $0.2250 |
| Jan 29, 2025 | $0.2250 |
| Oct 23, 2024 | $0.2250 |
| Jul 24, 2024 | $0.2250 |
| Apr 23, 2024 | $0.2250 |
| Jan 23, 2024 | $0.2250 |
| Oct 24, 2023 | $0.2250 |
| Jul 25, 2023 | $0.2250 |
| Apr 25, 2023 | $0.2250 |
| Jan 24, 2023 | $0.2250 |
| Oct 25, 2022 | $0.2250 |
| Jul 26, 2022 | $0.2250 |
| Apr 26, 2022 | $0.2250 |
| Jan 25, 2022 | $0.2250 |
| Oct 26, 2021 | $0.2250 |
| Jul 27, 2021 | $0.2250 |
| Apr 27, 2021 | $0.2250 |
| Feb 2, 2021 | $0.3080 |
| Oct 28, 2020 | $0.3080 |
| Jul 29, 2020 | $0.3080 |