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NYSE · Utilities

Antero Midstream Corp (AM)

As-reported financials and SEC filings for Antero Midstream Corp. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Antero Midstream Corp

Antero Midstream Corp provides midstream services including gathering, compression, and water handling for natural gas production. The company operates pipelines, compressor stations, and water handling systems primarily serving natural gas producers. Its services support the transportation and treatment of natural gas and related fluids.

Snapshot

Revenue
$1.19B
Revenue growth (YoY)
7.4%
Net income
$418.0M
Diluted EPS
$0.86
Gross margin
Operating margin
54.2%
Net margin
35.2%
FCF margin
ROE
21.2%
net income / fiscal-year-end equity
P/E
27.1×
trailing when available, otherwise FY EPS
Market cap
$10.67B
Long-term debt / equity
1.63×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Antero Midstream

  • Revenue grew 7.4% to $1.2B in FY2025, in line with the 6.2% the year before.
  • Operating margin is 54.2% in FY2025, -7.6 pp against 61.8% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $327M, up 7.1% from Q2 FY2025.
  • Net income rose 4.2% to $418M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Antero Midstream’s fundamentals sit among the 98 Utilities companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin54.2%
Highest of 86
Net margin35.2%
98th percentile of 91
Revenue growth (YoY)+7.4%
42nd percentile of 94
ROE21.2%
94th percentile of 89
P/E27.1×
82nd percentile of 83
Long-term debt / equity1.63×
78th percentile of 84
Short interest4.50d
43rd percentile of 98

Antero Midstream’s operating margin of 54.2% is the highest of the 86 Utilities companies reporting it. Antero Midstream’s net margin of 35.2% ranks in the 98th percentile of the 91 Utilities companies reporting it. Antero Midstream’s return on equity of 21.2% ranks in the 94th percentile of the 89 Utilities companies reporting it.

No reported insider purchases (code P) in the last 90 days; 2 insider sales totaling $458,510. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+5 quant / multi-strat
Initiated / added
7
1 new, 6 added
Reduced / exited
0
0 trimmed, 0 exited
Combined position
$97.1M
reported long value
InvestorAs ofPosition valueSharesChange
Gotham Asset ManagementQ2 2026$60.2M2.6MAdded
D. E. ShawquantQ2 2026$14.7M644.9KAdded
AQR Capital ManagementquantQ2 2026$9.6M420.5KAdded
Two Sigma InvestmentsquantQ2 2026$4.4M192.8KAdded
Bridgewater AssociatesQ2 2026$4.1M178.7KAdded
Millennium ManagementquantQ2 2026$4.1M178.3KNew
Citadel AdvisorsquantQ2 2026$227,63710.0KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
2
$459K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-06
KLIMLEY BROOKS JDirectorSell5.0K$21.27$106K
2026-08-04
filed 2026-08-05
Pearce SheriSee RemarksSell16.0K$22.01$352K
2026-05-04
Kennedy Michael N.See RemarksSell100.0K$21.92$2.2M
2026-05-04
Schultz Yvette KSee RemarksSell69.3K$21.90$1.5M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
10.5M
settled 2026-08-14
Change vs prior
+5.9%
vs previous settlement
Days to cover
4.50
at avg daily volume
Avg daily volume
2.3M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1410.5M+5.9%4.50
2026-07-319.9M-0.1%4.71
2026-07-159.9M-5.4%4.77
2026-06-3010.5M-7.2%3.32
2026-06-1511.3M-2.7%5.96
2026-05-2911.6M+10.9%5.03
2026-05-1510.5M-8.9%4.18
2026-04-3011.5M+5.5%4.05

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$1.19B$1.11B$1.04B$920.0M$898.2M
Gross profit
Operating income$644.7M$659.2M$611.9M$539.5M$555.3M
Net income$418.0M$401.0M$372.0M$326.0M$332.0M
Diluted EPS$0.86$0.83$0.77$0.68$0.69

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$180.4M$66,000$0
Current assets$379.9M$118.1M$91.1M$89.0M$83.8M
Total assets$5.88B$5.76B$5.74B$5.79B$5.54B
Current liabilities$111.5M$100.6M$96.4M$102.1M$114.0M
Long-term debt$3.22B$3.12B$3.21B$3.36B$3.12B
Total liabilities$3.91B$3.65B$3.59B$3.60B$3.26B
Total equity$1.97B$2.12B$2.15B$2.19B$2.29B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$932.5M$844.0M$779.1M$699.6M$709.8M
Capital expenditure$70.0M$266,000$216.7M
Free cash flow$774.0M$778.8M$482.9M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$327.2M7.1%$113.5M$0.24
Q1 FY2026$314.2M7.9%$118.3M$0.25
Q4 FY2025$297.0M3.3%$0.11
Q3 FY2025$294.8M9.2%$116.0M$0.24
Q2 FY2025$305.5M13.2%$124.5M$0.26
Q1 FY2025$291.1M4.3%$120.7M$0.25
Q4 FY2024$287.5M10.5%$0.23
Q3 FY2024$269.9M2.3%$99.7M$0.21

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorUtilities
SIC industryNatural Gas Transmission
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2014
SEC CIK1623925

Selected SEC filings

10-K2026-02-11
View on EDGAR →
10-Q2026-07-29
View on EDGAR →
10-Q2026-04-29
View on EDGAR →
8-K2026-07-29
View on EDGAR →
8-K2026-07-27
View on EDGAR →
8-K2026-06-04
View on EDGAR →
8-K2026-05-12
View on EDGAR →

Largest Utilities peers

All Utilities companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.