Symbols / AM Stock $21.86 +1.30% Antero Midstream Corporation

Energy • Oil & Gas Midstream • United States • NYQ
AM (Stock) Chart
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Stock Fundamentals
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Index EQUITY
Sector Energy
Industry Oil & Gas Midstream
CEO Mr. Michael N. Kennedy
Exch · Country NYQ · United States
Market Cap 10.38B
Enterprise Value 13.38B
Income 412.61M
Sales 1.26B
FCF (ttm) 362.12M
Book/sh 4.16
Cash/sh 0.38
Employees 632
Insider 10d —
IPO May 04, 2017
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 104.65%
P/E 25.42
Forward P/E 14.76
PEG —
P/S 8.25
P/B 5.25
P/C —
EV/EBITDA 14.28
EV/Sales 10.63
Quick Ratio 2.60
Current Ratio 3.41
Debt/Eq 163.41
LT Debt/Eq —
EPS (ttm) 0.86
EPS next Y 1.48
EPS Growth -52.60%
Revenue Growth 3.10%
EPS Gr Q/Q -53.30%
Rev Gr Q/Q —
Earnings (next) 2026-04-29
Earnings (prior) 2026-02-11
ROA 7.86%
ROE 20.22%
ROIC —
Gross Margin 81.58%
Oper. Margin 59.47%
Profit Margin 32.81%
Shs Outstand 475.03M
Shs Float 329.17M
Insider Own 30.64%
Instit Own 59.46%
Short Float 3.30%
Short Ratio 3.99
Short Interest 10.90M
52W High 23.84
vs 52W High -8.29%
52W Low 16.24
vs 52W Low 34.61%
Beta 0.72
Impl. Vol. 0.78%
Rel Volume 0.56
Avg Volume 2.91M
Volume 1.62M
Target (mean) $23.29
Tgt Median $23.00
Tgt Low $20.00
Tgt High $26.00
# Analysts 7
Recom Hold
Prev Close $21.58
Price $21.86
Change 1.30%
About

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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$23.29
Mean price target
2. Current target
$21.86
Latest analyst target
3. DCF / Fair value
$13.72
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$21.86
Low
$20.00
High
$26.00
Mean
$23.29

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-25 main UBS Neutral → Neutral $24
2026-03-13 main Wells Fargo Equal-Weight → Equal-Weight $23
2026-02-24 main Goldman Sachs Neutral → Neutral $23
2026-02-13 main Wells Fargo Equal-Weight → Equal-Weight $21
2025-12-23 main Wells Fargo Equal-Weight → Equal-Weight $20
2025-11-12 main Morgan Stanley Underweight → Underweight $20
2025-08-18 main Goldman Sachs Neutral → Neutral $18
2025-08-06 main Morgan Stanley Underweight → Underweight $19
2025-08-01 main Wells Fargo Equal-Weight → Equal-Weight $19
2025-06-03 main Morgan Stanley Underweight → Underweight $17
2025-02-18 main Wells Fargo Overweight → Overweight $17
2024-03-12 down TPH Energy Research Buy → Hold —
2023-10-05 main UBS Buy → Buy $14
2023-10-03 init Pickering Energy Partners — → Outperform —
2023-07-21 main JP Morgan Underweight → Underweight $11
2023-07-20 main Morgan Stanley Underweight → Underweight $13
2023-05-10 init UBS — → Buy $14
2023-01-18 main Barclays — → Underweight $11
2023-01-09 main Morgan Stanley — → Underweight $12
2022-10-19 main Barclays — → Underweight $10
News
RSS: Latest AM news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-10 KEYTE DAVID H Director — 2,950 $0.00 $0
2026-04-10 CHISHOLM NANCY E. Director — 1,617 $0.00 $0
2026-04-10 MUNOZ JEFFREY S Director — 1,617 $0.00 $0
2026-04-10 DEA PETER A Director — 1,617 $0.00 $0
2026-04-10 MOLLENKOPF JOHN C Director — 1,617 $0.00 $0
2026-04-10 KLIMLEY BROOKS J Director — 1,617 $0.00 $0
2026-04-10 MCARDLE JANINE MARIE J Director — 1,617 $0.00 $0
2026-04-10 KEENAN W HOWARD JR Director — 1,617 $0.00 $0
2026-03-12 KLIMLEY BROOKS J Director — 5,000 $23.16 $115,800
2026-03-10 PEARCE SHERI Officer — 14,000 $22.76 $318,640
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1,259.10
+6.99%
1,176.87
+5.79%
1,112.44
+12.29%
990.66
Operating Revenue
1,259.10
+6.99%
1,176.87
+5.79%
1,112.44
+12.29%
990.66
Cost Of Revenue
436.89
+1.92%
428.65
+2.08%
419.90
+9.72%
382.69
Reconciled Cost Of Revenue
436.89
+1.92%
428.65
+2.08%
419.90
+9.72%
382.69
Gross Profit
822.21
+9.89%
748.22
+8.04%
692.55
+13.91%
607.97
Operating Expense
89.93
+1.36%
88.72
+10.16%
80.54
+20.11%
67.05
Selling General And Administration
87.93
+2.15%
86.09
+21.13%
71.07
+14.40%
62.12
General And Administrative Expense
87.93
+2.15%
86.09
+21.13%
71.07
+14.40%
62.12
Salaries And Wages
—
—
31.61
+60.81%
19.65
Other Gand A
87.93
+2.15%
86.09
+21.13%
71.07
+14.40%
62.12
Other Operating Expenses
1.99
-24.31%
2.63
-72.20%
9.47
+92.23%
4.93
Total Expenses
526.82
+1.83%
517.37
+3.38%
500.44
+11.27%
449.74
Operating Income
732.28
+11.04%
659.50
+7.76%
612.01
+13.14%
540.92
Total Operating Income As Reported
644.67
-2.20%
659.17
+7.73%
611.86
+13.42%
539.47
EBITDA
959.58
-0.70%
966.32
+4.57%
924.05
+10.52%
836.12
Normalized EBITDA
1,053.70
+7.44%
980.74
+6.12%
924.20
+10.34%
837.57
Reconciled Depreciation
204.98
-2.70%
210.67
+1.91%
206.73
+2.12%
202.43
EBIT
754.60
-0.14%
755.65
+5.34%
717.32
+13.20%
633.68
Total Unusual Items
-94.12
-552.55%
-14.42
-9778.77%
-0.15
+89.94%
-1.45
Total Unusual Items Excluding Goodwill
-94.12
-552.55%
-14.42
-9778.77%
-0.15
+89.94%
-1.45
Special Income Charges
-94.12
-552.55%
-14.42
-9778.77%
-0.15
+89.94%
-1.45
Other Special Charges
1.31
-90.68%
14.09
—
—
Impairment Of Capital Assets
0.98
+196.39%
0.33
+127.40%
0.15
-96.06%
3.70
Restructuring And Mergern Acquisition
5.20
0.00
0.00
—
Net Income
413.16
+3.06%
400.89
+7.83%
371.79
+13.96%
326.24
Pretax Income
564.20
+2.84%
548.62
+9.71%
500.07
+12.70%
443.74
Net Non Operating Interest Income Expense
-190.40
+8.03%
-207.03
+4.70%
-217.25
-14.37%
-189.95
Interest Expense Non Operating
190.40
-8.03%
207.03
-4.70%
217.25
+14.37%
189.95
Net Interest Income
-190.40
+8.03%
-207.03
+4.70%
-217.25
-14.37%
-189.95
Interest Expense
190.40
-8.03%
207.03
-4.70%
217.25
+14.37%
189.95
Other Income Expense
22.32
-76.79%
96.15
-8.70%
105.31
+13.52%
92.77
Tax Provision
151.03
+2.24%
147.73
+15.16%
128.29
+9.19%
117.49
Tax Rate For Calcs
0.00
-4.46%
0.00
+0.37%
0.00
+1.21%
0.00
Tax Effect Of Unusual Items
-24.19
-523.44%
-3.88
-9815.63%
-0.04
+89.82%
-0.38
Net Income Including Noncontrolling Interests
826.33
+3.06%
801.78
+7.83%
743.57
+13.96%
652.48
Net Income From Continuing Operation Net Minority Interest
413.16
+3.06%
400.89
+7.83%
371.79
+13.96%
326.24
Net Income From Continuing And Discontinued Operation
413.16
+3.06%
400.89
+7.83%
371.79
+13.96%
326.24
Net Income Continuous Operations
413.16
+3.06%
400.89
+7.83%
371.79
+13.96%
326.24
Normalized Income
483.09
+17.42%
411.44
+10.63%
371.89
+13.62%
327.31
Net Income Common Stockholders
412.61
+3.07%
400.34
+7.84%
371.24
+13.98%
325.69
Diluted EPS
0.86
+3.61%
0.83
+7.79%
0.77
+13.24%
0.68
Basic EPS
0.86
+3.61%
0.83
+7.79%
0.77
+13.24%
0.68
Basic Average Shares
474.06
-1.12%
479.42
+0.01%
479.38
+0.24%
478.23
Diluted Average Shares
474.06
-1.12%
479.42
-0.61%
482.37
+0.43%
480.30
Diluted NI Availto Com Stockholders
412.61
+3.07%
400.34
+7.84%
371.24
+13.98%
325.69
Earnings From Equity Interest
116.44
+5.31%
110.57
+4.85%
105.46
+11.93%
94.22
Gain On Sale Of PPE
-86.63
0.00
0.00
-100.00%
2.25
Preferred Stock Dividends
0.55
+0.00%
0.55
+0.00%
0.55
+0.00%
0.55
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
5,884.12
+2.12%
5,761.75
+0.42%
5,737.62
-0.93%
5,791.32
Current Assets
379.86
+221.74%
118.06
+29.56%
91.13
+2.40%
88.99
Cash Cash Equivalents And Short Term Investments
180.44
0.00
-100.00%
0.07
0.00
Cash And Cash Equivalents
180.44
0.00
-100.00%
0.07
0.00
Receivables
109.66
-5.48%
116.01
+29.53%
89.56
+2.16%
87.67
Accounts Receivable
107.76
-7.11%
116.01
+29.53%
89.56
+3.27%
86.73
Other Receivables
—
—
0.95
+65.57%
0.57
Taxes Receivable
1.90
0.00
0.00
-100.00%
0.94
Restricted Cash
82.50
0.00
—
—
Assets Held For Sale Current
4.60
0.00
—
—
Other Current Assets
2.67
+30.07%
2.05
+36.80%
1.50
+13.12%
1.33
Total Non Current Assets
5,504.25
-2.47%
5,643.68
-0.05%
5,646.49
-0.98%
5,702.33
Net PPE
3,454.57
-11.00%
3,881.62
+2.32%
3,793.52
+1.12%
3,751.43
Gross PPE
4,199.94
-7.74%
4,552.07
+5.22%
4,326.10
+4.28%
4,148.70
Accumulated Depreciation
-745.36
-11.17%
-670.45
-25.89%
-532.58
-34.06%
-397.27
Land And Improvements
29.43
-5.77%
31.24
-1.36%
31.67
+0.00%
31.67
Machinery Furniture Equipment
3,202.36
-10.00%
3,558.35
+6.19%
3,351.00
+1.95%
3,287.03
Construction In Progress
141.23
-23.53%
184.68
-4.24%
192.85
+21.31%
158.98
Other Properties
826.91
+6.31%
777.81
+3.63%
750.58
+11.86%
671.03
Goodwill And Other Intangible Assets
1,074.09
-6.17%
1,144.76
-5.81%
1,215.43
-5.50%
1,286.10
Other Intangible Assets
1,074.09
-6.17%
1,144.76
-5.81%
1,215.43
-5.50%
1,286.10
Investments And Advances
585.78
-3.01%
603.96
-3.62%
626.65
-4.00%
652.77
Long Term Equity Investment
585.78
-3.01%
603.96
-3.62%
626.65
-4.00%
652.77
Non Current Deferred Assets
—
—
—
—
Non Current Deferred Taxes Assets
—
—
—
—
Other Non Current Assets
389.81
+2820.40%
13.35
+22.62%
10.89
-9.48%
12.03
Total Liabilities Net Minority Interest
3,912.07
+7.28%
3,646.58
+1.69%
3,585.89
-0.36%
3,599.00
Current Liabilities
111.48
+10.80%
100.61
+4.35%
96.42
-5.54%
102.08
Payables And Accrued Expenses
107.26
+7.29%
99.98
+4.59%
95.59
-5.38%
101.02
Payables
21.96
-3.19%
22.68
+5.60%
21.48
-36.76%
33.96
Accounts Payable
15.73
-4.19%
16.42
+9.80%
14.96
-47.15%
28.30
Other Payable
—
—
10.50
-54.08%
22.86
Current Accrued Expenses
85.31
+10.36%
77.30
+4.30%
74.11
+10.52%
67.05
Total Tax Payable
6.22
-0.58%
6.26
-4.03%
6.52
+15.19%
5.66
Other Current Liabilities
4.22
+564.72%
0.64
-23.59%
0.83
-21.68%
1.06
Total Non Current Liabilities Net Minority Interest
3,800.59
+7.18%
3,545.97
+1.62%
3,489.47
-0.21%
3,496.93
Liabilities Heldfor Sale Non Current
3.02
0.00
—
—
Long Term Debt And Capital Lease Obligation
3,222.53
+3.39%
3,116.96
-3.00%
3,213.22
-4.41%
3,361.28
Long Term Debt
3,222.53
+3.39%
3,116.96
-3.00%
3,213.22
-4.41%
3,361.28
Non Current Deferred Liabilities
563.00
+36.12%
413.61
+55.56%
265.88
+102.63%
131.22
Non Current Deferred Taxes Liabilities
563.00
+36.12%
413.61
+55.56%
265.88
+102.63%
131.22
Other Non Current Liabilities
12.05
-21.77%
15.40
+48.42%
10.38
+134.30%
4.43
Stockholders Equity
1,972.04
-6.77%
2,115.17
-1.70%
2,151.73
-1.85%
2,192.32
Common Stock Equity
1,972.04
-6.77%
2,115.17
-1.70%
2,151.73
-1.85%
2,192.32
Capital Stock
4.74
-1.11%
4.79
-0.06%
4.80
+0.25%
4.79
Common Stock
4.74
-1.11%
4.79
-0.06%
4.80
+0.25%
4.79
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
474.06
-1.12%
479.42
+0.19%
478.50
+0.00%
478.50
Ordinary Shares Number
474.06
-1.12%
479.42
+0.19%
478.50
+0.00%
478.50
Additional Paid In Capital
1,952.52
-3.33%
2,019.83
-1.30%
2,046.49
-2.77%
2,104.74
Retained Earnings
14.78
-83.68%
90.55
-9.86%
100.45
+21.32%
82.79
Total Equity Gross Minority Interest
1,972.04
-6.77%
2,115.17
-1.70%
2,151.73
-1.85%
2,192.32
Total Capitalization
5,194.57
-0.72%
5,232.13
-2.48%
5,364.95
-3.40%
5,553.60
Working Capital
268.38
+1437.83%
17.45
+429.97%
-5.29
+59.58%
-13.08
Invested Capital
5,194.57
-0.72%
5,232.13
-2.48%
5,364.95
-3.40%
5,553.60
Total Debt
3,222.53
+3.39%
3,116.96
-3.00%
3,213.22
-4.41%
3,361.28
Net Debt
3,042.09
-2.40%
3,116.96
-2.99%
3,213.15
-4.41%
3,361.28
Net Tangible Assets
897.95
-7.47%
970.41
+3.64%
936.30
+3.32%
906.22
Tangible Book Value
897.95
-7.47%
970.41
+3.64%
936.30
+3.32%
906.22
Interest Payable
46.32
-5.09%
48.81
+29.93%
37.56
-1.01%
37.95
Investmentsin Associatesat Cost
—
—
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
932.46
+10.48%
843.99
+8.33%
779.06
+11.36%
699.60
Cash Flow From Continuing Operating Activities
932.46
+10.48%
843.99
+8.33%
779.06
+11.36%
699.60
Net Income From Continuing Operations
413.16
+3.06%
400.89
+7.83%
371.79
+13.96%
326.24
Depreciation Amortization Depletion
204.98
-2.70%
210.67
+1.91%
206.73
+2.12%
202.43
Depreciation
134.31
-4.06%
140.00
+2.90%
136.06
+3.26%
131.76
Amortization Cash Flow
70.67
+0.00%
70.67
+0.00%
70.67
+0.00%
70.67
Depreciation And Amortization
204.98
-2.70%
210.67
+1.91%
206.73
+2.12%
202.43
Amortization Of Intangibles
70.67
+0.00%
70.67
+0.00%
70.67
+0.00%
70.67
Other Non Cash Items
4.98
-18.64%
6.12
-47.83%
11.73
+1046.92%
1.02
Stock Based Compensation
45.96
+3.67%
44.33
+40.26%
31.61
+60.81%
19.65
Asset Impairment Charge
0.98
+196.39%
0.33
+127.40%
0.15
-96.06%
3.70
Deferred Tax
149.39
+1.12%
147.73
+9.70%
134.66
+14.61%
117.49
Deferred Income Tax
149.39
+1.12%
147.73
+9.70%
134.66
+14.61%
117.49
Operating Gains Losses
-28.50
+70.46%
-96.48
+8.51%
-105.46
-9.32%
-96.47
Gain Loss On Sale Of PPE
86.63
0.00
0.00
—
Change In Working Capital
0.24
+104.56%
-5.26
-32.14%
-3.98
-178.63%
5.06
Change In Receivables
2.24
+108.67%
-25.82
-2128.04%
-1.16
+55.95%
-2.63
Changes In Account Receivables
4.13
+116.01%
-25.82
-1130.25%
-2.10
+20.22%
-2.63
Change In Payables And Accrued Expense
-1.26
-105.91%
21.34
+2829.16%
-0.78
-109.77%
8.01
Change In Accrued Expense
-1.27
-107.17%
17.67
+114.20%
8.25
+1204.55%
-0.75
Change In Payable
0.01
-99.84%
3.67
+140.61%
-9.03
-203.18%
8.76
Change In Account Payable
-0.94
-125.52%
3.67
+140.61%
-9.03
-203.18%
8.76
Change In Other Current Assets
-0.74
+5.63%
-0.78
+61.73%
-2.04
-552.08%
-0.31
Investing Cash Flow
-169.21
+30.29%
-242.73
-32.49%
-183.21
+62.90%
-493.83
Cash Flow From Continuing Investing Activities
-169.21
+30.29%
-242.73
-32.49%
-183.21
+62.90%
-493.83
Net PPE Purchase And Sale
-162.25
+33.05%
-242.34
-31.71%
-184.00
+64.32%
-515.65
Purchase Of PPE
-162.25
+33.05%
-242.34
-31.71%
-184.00
+64.32%
-515.65
Capital Expenditure
-162.25
+33.05%
-242.34
-31.71%
-184.00
+64.32%
-515.65
Net Business Purchase And Sale
-6.65
-178.02%
-2.39
-813.36%
-0.26
-101.54%
17.00
Purchase Of Business
-6.65
-178.02%
-2.39
-813.36%
-0.26
0.00
Net Other Investing Changes
-0.30
-115.21%
2.00
+89.48%
1.05
-78.13%
4.82
Financing Cash Flow
-500.32
+16.80%
-601.33
-0.93%
-595.79
-189.53%
-205.78
Cash Flow From Continuing Financing Activities
-500.32
+16.80%
-601.33
-0.93%
-595.79
-189.53%
-205.78
Net Issuance Payments Of Debt
115.70
+208.47%
-106.66
+29.78%
-151.90
-164.69%
234.80
Issuance Of Debt
3,018.70
+39.43%
2,165.00
+108.63%
1,037.70
-18.25%
1,269.30
Repayment Of Debt
-2,903.00
-27.79%
-2,271.66
-90.96%
-1,189.60
-14.99%
-1,034.50
Long Term Debt Issuance
3,018.70
+39.43%
2,165.00
+108.63%
1,037.70
-18.25%
1,269.30
Long Term Debt Payments
-2,903.00
-27.79%
-2,271.66
-90.96%
-1,189.60
-14.99%
-1,034.50
Net Long Term Debt Issuance
115.70
+208.47%
-106.66
+29.78%
-151.90
-164.69%
234.80
Short Term Debt Issuance
—
—
1,037.70
-18.25%
1,269.30
Short Term Debt Payments
—
—
-1,189.60
-14.99%
-1,034.50
Net Short Term Debt Issuance
—
—
-151.90
-164.69%
234.80
Net Common Stock Issuance
-134.98
-370.48%
-28.69
0.00
0.00
Common Stock Payments
-134.98
-370.48%
-28.69
0.00
0.00
Common Stock Dividend Paid
-439.01
-0.31%
-437.63
-0.64%
-434.85
-0.47%
-432.82
Cash Dividends Paid
-439.56
-0.31%
-438.18
-0.64%
-435.40
-0.47%
-433.38
Repurchase Of Capital Stock
-134.98
-370.48%
-28.69
0.00
0.00
Net Other Financing Charges
-41.48
-49.25%
-27.79
-227.15%
-8.49
-17.94%
-7.20
Changes In Cash
262.94
+398486.36%
-0.07
-200.00%
0.07
—
Beginning Cash Position
0.00
-100.00%
0.07
0.00
0.00
End Cash Position
262.94
0.00
-100.00%
0.07
0.00
Free Cash Flow
770.21
+28.02%
601.65
+1.11%
595.06
+223.49%
183.95
Interest Paid Supplemental Data
187.66
-1.19%
189.91
-11.24%
213.96
+16.86%
183.08
Income Tax Paid Supplemental Data
—
0.10
-98.92%
9.63
0.00
Change In Income Tax Payable
0.94
0.00
0.00
—
Change In Tax Payable
0.94
0.00
0.00
—
Dividend Received CFO
141.27
+4.14%
135.66
+2.90%
131.84
+9.44%
120.46
Earnings Losses From Equity Investments
-116.44
-5.31%
-110.57
-4.85%
-105.46
-11.93%
-94.22
Preferred Stock Dividend Paid
-0.55
+0.00%
-0.55
+0.00%
-0.55
+0.00%
-0.55
Sale Of Business
—
0.00
0.00
-100.00%
17.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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