Antero Midstream Corporation

$22.35

-0.49%

2026-09-04 09:47:35 EDT-$0.11

Energy

Oil & Gas Midstream

NYSE

Active Trading

Antero Midstream Corporation primarily owns, operates, and expands vital midstream energy infrastructure. Its operations are divided into two key divisions: Gathering and ...

Financial Highlights of AM

Profitability trend

Latest / TTM · 6 periods

Gross Margin

62.9%

Net Margin

30.4%

P/E Ratio

26.74x

n/a

Debt / Equity

1.86

n/a

Current Ratio

0.84

Dividend Yield

4.0%

Understanding

TTM —

Current ratio below 1.0

Financial highlights

Latest / TTM · 6 periods

Snapshot

Latest / TTM: 2026-09-04

Gross Margin

62.9%

Net Margin

30.4%

P/E Ratio

26.74x

Debt / Equity

1.86

Profitability

Profitability table

Metric	2021	2022	2023	2024	2025	2026
Gross MarginGross profit as a percentage of revenue.	65.3%	61.4%	62.3%	63.6%	65.3%	—
Operating MarginOperating income as a percentage of revenue.	57.3%	54.5%	55.0%	56.0%	51.2%	—
Net MarginNet income as a percentage of revenue.	34.2%	32.9%	33.4%	34.1%	32.8%	—
EBITDA MarginEBITDA divided by revenue.	82.9%	84.4%	83.1%	82.1%	74.4%	—
Pre-tax MarginPre-tax profit as a percentage of revenue.	46.3%	44.8%	45.0%	46.6%	44.8%	—

Liquidity & leverage

Liquidity & leverage table

Metric	2021	2022	2023	2024	2025	2026
Current RatioCurrent assets divided by current liabilities.	0.74	0.87	0.95	1.17	3.41	—
Quick RatioLiquid assets divided by current liabilities.	0.74	0.87	0.95	1.17	3.41	—
Cash RatioCash and equivalents divided by current liabilities.	0.00	0.00	0.00	0.00	1.62	—
Debt / AssetsDebt as a share of total assets.	56.3%	58.0%	56.0%	53.0%	54.8%	—
Debt / EquityDebt compared with shareholder equity.	1.37	1.53	1.49	1.47	1.63	—

Operating efficiency

Operating efficiency table

Metric	2021	2022	2023	2024	2025	2026
Receivables TurnoverHow often receivables are collected in a year.	11.69x	11.30x	12.42x	10.22x	11.48x	—
Inventory TurnoverHow often inventory is sold in a year.	0.00x	0.00x	0.00x	0.00x	0.00x	—
Payables TurnoverHow often payables are paid in a year.	14.27x	16.74x	39.99x	26.10x	27.77x	—
Asset TurnoverRevenue generated per dollar of assets.	0.17x	0.17x	0.19x	0.20x	0.21x	—
Working Capital TurnoverRevenue generated per dollar of working capital.	-64.00x	-45.77x	-121.10x	193.52x	8.81x	—

Valuation ratios

Valuation ratios table

Metric	2021	2022	2023	2024	2025	2026
P/E RatioPrice paid for each dollar of earnings.	14.03x	15.87x	16.27x	18.18x	20.69x	—
P/B RatioPrice paid for each dollar of book value.	2.02x	2.35x	2.81x	3.43x	4.31x	—
P/S RatioPrice paid for each dollar of sales.	4.77x	5.21x	5.43x	6.17x	6.75x	—
P/FCF RatioPrice paid for each dollar of free cash flow.	9.69x	28.05x	10.16x	12.06x	11.04x	—
Dividend YieldAnnual dividend divided by current share price.	10.2%	8.4%	7.2%	6.0%	5.2%	—

Supply Chain of AM

RELATIONS

Upstream

Solar Turbines Incorporated (a Caterpillar Company)NYSE:CAT Baker Hughes CompanyNASDAQ:BKR Select Water Solutions Inc.NYSE:WTTRMontauk Services (Montauk Energy)PRT Financial (Precision Pipeline Solutions)Tenaris S.A.NYSE:TS United States Steel CorporationNYSE:X Lincoln Electric Holdings Inc.NASDAQ:LECO Emerson Electric Co.NYSE:EMR

Downstream

Antero Resources CorporationNYSE:AR Antero Resources — Natural Gas Marketing (end-market buyers)NYSE:AR MPLX LP (MarkWest Energy)NYSE:MPLX EQT Corporation (non-affiliate third party)NYSE:EQT

Proxies

Antero Resources CorporationNYSE:AR MPLX LPNYSE:MPLX EQT CorporationNYSE:EQT Caterpillar Inc.NYSE:CAT Select Water Solutions Inc.NYSE:WTTR

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