Antero Midstream
AM
20.85
-0.29
-1.37%
Antero Midstream
US · AM
#1499 by market cap
Listed 1970
20.85
-0.29
-1.37%
Live - 5344 symbols - heartbeat 276s ago
· 2026-10-07 19:54
After-hours
20.85
0.00%
- Market cap
- 9.90B
- P/E (TTM)i
- 25.12
- P/Bi
- 5.09
- EPSi
- 0.86
- Div yieldi
- 4.32%
- 52W posi
- 64%
Reader sentiment
Are you bullish or bearish on AM?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 2.19, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +7.43% YoY
Margins
- Gross margin
- 65.30%
- Operating margin
- 58.16%
- Net margin
- 32.77%
Key ratios & quality
- PEG ratioi
- 3.07
- Altman Z-Scorei
- 2.19
PEG uses trailing P/E against the 3-year net income growth rate (8.19%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 792.59M | 900.72M | 898.20M | 919.99M | 1.04B | 1.11B | 1.19B |
| Gross profit | 0 | 501.24M | 626.54M | 632.29M | 607.97M | 692.55M | 748.22M | 822.21M |
| Selling & admin expenses | 43.85M | 118.11M | 52.21M | 63.84M | 62.13M | 71.07M | 86.09M | 87.93M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | -43.85M | 371.54M | 558.93M | 564.00M | 540.92M | 612.01M | 659.50M | 732.28M |
| Pretax profit | 98.92M | -457.58M | -178.22M | 448.74M | 443.74M | 500.07M | 548.62M | 564.20M |
| Tax | 32.31M | -102.47M | -55.69M | 117.12M | 117.49M | 128.29M | 147.73M | 151.03M |
| Net profit | 133.22M | -710.23M | -245.05M | 663.23M | 652.48M | 743.57M | 801.78M | 826.33M |
| Basic EPS | 0 | -1 | 0 | 1 | 1 | 1 | 1 | 1 |
| Diluted EPS | 0.33 | -0.80 | -0.26 | 0.69 | 0.68 | 0.77 | 0.83 | 0.86 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 291.13M | -- | 294.82M | 297.00M | 314.21M | -- |
| Gross profit | 201.55M | 208.99M | 202.47M | 209.19M | 208.88M | 205.34M |
| Selling & admin expenses | 23.02M | 22.13M | 10.29M | 56.30M | 22.35M | 22.56M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 178.04M | 186.44M | 191.69M | 152.30M | 185.95M | 182.04M |
| Pretax profit | 156.83M | 168.50M | 161.67M | 77.19M | 155.91M | 154.48M |
| Tax | 36.10M | 43.99M | 45.69M | 25.26M | 37.64M | 40.97M |
| Net profit | 241.47M | 249.03M | 231.97M | 103.86M | 236.53M | 227.03M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | 0.25 | 0.26 | 0.24 | 0.11 | 0.25 | 0.24 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 2.91M | 108.56M | 93.93M | 83.80M | 88.99M | 91.13M | 118.06M | 379.86M |
| Cash & ST investments | 2.82M | 1.24M | 640.00K | -- | 0 | 66.00K | 0 | 180.44M |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 47.71M | 6.28B | 5.61B | 5.54B | 5.79B | 5.74B | 5.76B | 5.88B |
| Total current liabilities | 16.84M | 242.08M | 94.01M | 114.01M | 102.08M | 96.42M | 100.61M | 111.48M |
| Short-term debt | -- | -- | -- | -- | -- | -- | -- | -- |
| Long-term debt | -- | 2.89B | 3.09B | 3.12B | 3.36B | 3.21B | 3.12B | 3.22B |
| Total liabilities | 16,844,000.00 | 3,139,464,000.00 | 3,192,626,000.00 | 3,257,303,000.00 | 3,599,002,000.00 | 3,585,887,000.00 | 3,646,577,000.00 | 3,912,075,000.00 |
| Total equity | 30.86M | 3.14B | 2.42B | 2.29B | 2.19B | 2.15B | 2.12B | 1.97B |
| Retained earnings | 0 | -341.57M | -464.09M | -132.48M | 82.79M | 100.45M | 90.55M | 14.78M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 127.65M | 114.48M | 113.37M | 379.86M | 154.94M | 140.95M |
| Cash & ST investments | -- | -- | -- | 180.44M | 0 | 0 |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 5.75B | 5.73B | 5.72B | 5.88B | 6.41B | 6.36B |
| Total current liabilities | 90.20M | 111.17M | 90.02M | 111.48M | 157.25M | 167.35M |
| Short-term debt | -- | -- | -- | -- | 13.18M | 12.79M |
| Long-term debt | 3.11B | 3.02B | 3.01B | 3.22B | 3.67B | 3.57B |
| Total liabilities | 3,663,579,000.00 | 3,639,613,000.00 | 3,651,839,000.00 | 3,912,075,000.00 | 4,469,415,000.00 | 4,418,441,000.00 |
| Total equity | 2.09B | 2.09B | 2.07B | 1.97B | 1.94B | 1.95B |
| Retained earnings | 99.37M | 111.83M | 88.26M | 14.78M | 104.20M | 106.69M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 83.53M | 622.39M | 753.38M | 709.75M | 699.60M | 779.06M | 843.99M | 932.46M |
| Depreciation & amortization | 0 | 152.54M | 179.46M | 179.46M | 202.43M | 206.73M | 210.67M | 204.98M |
| Free cash flow | 83.53M | 230.40M | 556.66M | 476.93M | 183.95M | 595.06M | 601.66M | 770.21M |
| Dividends paid | -86.47M | -496.20M | -590.19M | -471.72M | -433.38M | -435.40M | -438.18M | -439.56M |
| Stock buybacks / issuance | 0 | -125.52M | -24.71M | -- | 0 | 0 | -28.69M | -134.98M |
| Ending cash balance | 2.82M | 1.24M | 640.00K | 0 | 0 | 66.00K | 0 | 262.94M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 198.94M | 265.18M | 212.84M | 255.50M | 238.62M | 254.25M |
| Depreciation & amortization | 50.42M | 51.03M | 52.13M | 51.40M | 55.85M | 60.18M |
| Free cash flow | 168.41M | 228.45M | 166.66M | 206.69M | 200.72M | 201.51M |
| Dividends paid | -112.75M | -111.66M | -107.82M | -107.32M | -111.23M | -109.78M |
| Stock buybacks / issuance | -28.57M | -16.77M | -41.33M | -48.31M | -18.01M | -8.34M |
| Ending cash balance | 0 | 0 | 0 | 262.94M | 0 | 0 |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 264.14 | -22.40 | -4.43 | 14.07 | 14.54 | 17.09 | 18.77 | 20.19 |
| ROA %i | 158.45 | -11.23 | -2.07 | 5.94 | 5.75 | 6.44 | 6.96 | 7.09 |
| ROIC %i | 264.54 | -6.02 | -0.38 | 8.44 | 8.49 | 9.76 | 10.41 | 10.63 |
| 5-year avg ROE %i | -- | 122.23 | 93.36 | 60.29 | 53.19 | 3.78 | 12.01 | 16.93 |
| EBIT margin %i | -- | -40.86 | -3.21 | 64.41 | 63.97 | 64.48 | 64.21 | 59.93 |
| FCF / sales %i | -- | 27.12 | 57.31 | 49.22 | 18.57 | 53.49 | 51.12 | 61.17 |
| Current ratioi | 0.17 | 0.45 | 1.00 | 0.74 | 0.87 | 0.95 | 1.17 | 3.41 |
| Quick ratioi | 0.17 | 0.44 | 0.98 | 0.73 | 0.86 | 0.93 | 1.15 | 2.60 |
| Debt / assetsi | -- | 46.03 | 55.10 | 56.33 | 58.04 | 56.00 | 54.10 | 54.77 |
| LT debt / equityi | -- | 92.01 | 127.84 | 136.57 | 153.32 | 149.33 | 147.36 | 163.41 |
| Interest coveragei | 660.46 | -3.14 | -0.21 | 3.56 | 3.34 | 3.30 | 3.65 | 3.96 |
| Revenue CAGR (3Y) %i | 0.00 | -- | -- | -- | 5.25 | 4.62 | 6.70 | 8.32 |
| Net income CAGR (3Y) %i | 340.17 | -- | -- | 70.75 | -- | -- | 6.53 | 8.19 |
| FCF CAGR (3Y) %i | 556.66 | 189.08 | 170.64 | 78.73 | -7.23 | 2.25 | 8.05 | 61.18 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 19.68 | 21.62 | 22.50 | 20.19 | 20.38 | 19.80 |
| ROA %i | 7.25 | 7.92 | 8.21 | 7.09 | 6.75 | 6.60 |
| ROIC %i | 10.77 | 11.54 | 11.83 | 10.63 | 10.18 | 10.25 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 64.53 | 66.71 | 66.91 | 59.93 | 59.06 | 57.37 |
| FCF / sales %i | 50.18 | 58.90 | 60.65 | 61.17 | 62.42 | 59.09 |
| Current ratioi | 1.42 | 1.03 | 1.26 | 3.41 | 0.99 | 0.84 |
| Quick ratioi | 1.38 | 1.01 | 1.24 | 2.60 | 0.97 | 0.83 |
| Debt / assetsi | 54.08 | 52.80 | 52.63 | 54.77 | 57.96 | 56.72 |
| LT debt / equityi | 148.95 | 144.86 | 145.68 | 163.41 | 191.04 | 184.89 |
| Interest coveragei | 3.80 | 4.13 | 4.33 | 3.96 | 3.87 | 3.70 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Gathering and Processing is the largest reported line at 78.76% of revenue, across 2 reported segments.
- The next-largest line, Water handling, is a distant second at 21.24% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Gathering and Processing78.76%
Water handling21.24%
Quote time 2026-10-07 19:54:59 · For reference only, not investment advice and not tailored to your situation.