Antero Midstream Corp (AM)
Antero Midstream Corporation primarily owns, operates, and expands vital midstream energy infrastructure. Its operations are divided into two key divisions: Gathering and Processing, and Water Handling. The Gathering and Processing segment involves a comprehensive network of pipelines and compressor stations that are crucial for collecting and treating natural gas output from Antero Resources' wells situated across West Virginia and Ohio. Meanwhile, the Water Handling segment focuses on supplying fresh water, supported by its array of pumping stations, water storage, and blending facilities. Established in 2013, the company maintains its corporate headquarters in Denver, Colorado.
Sector: Natural Gas Transmission
Industry: Oil & Gas Midstream
Antero Midstream Corporation
NYSE:AMEnergy · Oil & Gas Midstream
+1.16%$20.85
AH Close$20.85+0.00%vs close
AH Close$20.85+0.00%vs close
Mkt Cap$9.9B
Float330.09M
O/S474.67M
Inst Own60.1%
Div Yield3.24%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.26B
Net Income$413.16M
Total Assets$5.88B
Free Cash Flow$770.21M
Debt & Equity
Debt 62%
Equity 38%
Total Debt$3.22B
Total Equity$1.97B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in AM's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$5.88B
Liabilities$3.91B
Accounts Receivable$109.66M
Accounts Payable$15.73M
Inventory$0
PP&E (Net)$3.45B
Goodwill$0
Intangible Assets$1.07B
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Revenue | $1.26B | $1.18B | $1.11B | $990.66M | $968.87M | $971.39M | $849.6M | $1.03B | $0 | $590.21M | $387.32M |
| YoY Growth | 7.0% | 5.8% | 12.3% | 2.2% | -0.3% | 14.3% | -17.4% | - | - | 52.4% | - |
| Cost of Revenue | $436.89M | $428.65M | $419.9M | $382.69M | $336.58M | $344.85M | $348.35M | $446.44M | $0 | $261.45M | $165.52M |
| Gross Profit | $822.21M | $748.22M | $692.55M | $607.97M | $632.29M | $626.54M | $501.24M | $582.09M | $0 | $328.76M | $221.8M |
| Gross Margin | 65.3% | 63.6% | 62.3% | 61.4% | 65.3% | 64.5% | 59.0% | 56.6% | - | 55.7% | 57.3% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $87.93M | $86.09M | $71.07M | $62.13M | $63.84M | $52.21M | $118.11M | $61.63M | $41.13M | $815K | $0 |
| Other | $89.6M | $2.96M | $9.62M | $6.38M | $13.13M | $691.97M | $781.62M | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $177.54M | $89.05M | $80.69M | $68.5M | $76.97M | $744.18M | $899.74M | $61.76M | $41.13M | $815K | $1.26M |
| Operating Income (EBIT) | $644.67M | $659.17M | $611.86M | $539.47M | $555.33M | -$117.64M | -$398.49M | $607.57M | -$41.13M | $16.13M | $1.26M |
| Operating Margin | 51.2% | 56.0% | 55.0% | 54.5% | 57.3% | -12.1% | -46.9% | 59.1% | - | 2.7% | 0.3% |
| Interest Expense | $190.4M | $207.03M | $217.25M | $189.95M | $175.28M | $147.01M | $110.4M | $61.91M | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $0 |
| Other Income (Expense) | -$80.47M | -$110.55M | -$111.79M | -$95.73M | -$106.59M | -$60.58M | -$59.09M | $127.53M | $69.72M | $0 | $0 |
| Income Before Tax (EBT) | $564.2M | $548.62M | $500.07M | $443.74M | $448.74M | -$178.22M | -$457.58M | $98.92M | $28.59M | $16.13M | $1.26M |
| Income Tax Expense | $151.03M | $147.73M | $128.29M | $117.49M | $117.12M | -$55.69M | -$102.47M | $32.31M | $26.26M | $6.42M | $483K |
| Net Income | $413.16M | $400.89M | $371.79M | $326.24M | $331.62M | -$122.53M | -$355.11M | $443.04M | $2.33M | $9.71M | $781K |
| Net Income Margin | 32.8% | 34.1% | 33.4% | 32.9% | 34.2% | -12.6% | -41.8% | 43.1% | - | 1.6% | 0.2% |
| Supplementary Data | |||||||||||
| EPS | 0.86 | 0.83 | 0.77 | 0.68 | 0.69 | -0.26 | -0.80 | 2.37 | 0.04 | 0.05 | 0.00 |
| Diluted EPS | 0.86 | 0.83 | 0.77 | 0.68 | 0.69 | -0.26 | -0.80 | 2.36 | 0.04 | 0.05 | 0.00 |
| Weighted Average OS | 477.91M | 480.82M | 482.37M | 478.23M | 477.49M | 478.28M | 442.64M | 187.05M | 186.18M | 186.17M | 186.17M |
| EBITDA | $937.26M | $966.32M | $924.05M | $836.12M | $803.48M | $148.25M | -$194.64M | $148K | $0 | $115.99M | $87.93M |
| EBITDA Margin | 74.4% | 82.1% | 83.1% | 84.4% | 82.9% | 15.3% | -22.9% | 0.0% | - | 19.7% | 22.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and Cash Equivalents | $180.44M | $0 | $66K | $0 | $0 | $640K | $1.24M | $2.82M | $5.99M | $9.61M | $72K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $180.44M | $0 | $66K | $0 | $0 | $640K | $1.24M | $2.82M | $5.99M | $9.61M | $72K |
| Accounts Receivable | $109.66M | $115.18M | $89.56M | $87.67M | $82.88M | $91.81M | $105.6M | $0 | $0 | $217K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$529K | $0 |
| Other Current Assets | $89.77M | $2.88M | $1.5M | $1.33M | $920K | $1.48M | $1.72M | $87K | $0 | $0 | $0 |
| Total Current Assets | $379.86M | $118.06M | $91.13M | $88.99M | $83.8M | $93.93M | $108.56M | $2.91M | $5.99M | $9.83M | $72K |
| Long-Term Assets | |||||||||||
| Property, Plant & Equipment Net | $3.45B | $3.88B | $3.79B | $3.75B | $3.39B | $3.25B | $3.27B | $0 | $0 | $2.2B | $1.89B |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $575.46M | $0 | $0 | $0 | $0 |
| Intangible Assets | $1.07B | $1.14B | $1.22B | $1.29B | $1.36B | $1.43B | $1.5B | $0 | $0 | $0 | $0 |
| Long-Term Investments | $585.78M | $603.96M | $626.65M | $652.77M | $696.01M | $722.48M | $709.64M | $43.49M | $23.77M | $7.54M | $969K |
| Deferred Tax Assets | $0 | $121.21M | $0 | $131.22M | $13.72M | $103.4M | $103.23M | $1.3M | $0 | $0 | $0 |
| Other Long-Term Assets | $389.81M | $13.35M | $10.89M | -$119.19M | -$1.05M | $9.61M | $14.46M | $0 | $0 | -$2.2M | -$1.89M |
| Total Long-Term Assets | $5.5B | $5.76B | $5.65B | $5.7B | $5.46B | $5.52B | $6.17B | $44.8M | $23.77M | $7.54M | $969K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $5.88B | $5.88B | $5.74B | $5.79B | $5.54B | $5.61B | $6.28B | $47.7M | $29.76M | $17.37M | $1.04M |
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts Payable | $15.73M | $16.42M | $10.5M | $22.86M | $23.59M | $9.49M | $6.64M | $759K | $236K | $426K | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $6.26M | $0 | $5.66M | $5.4M | $3.37M | $2.35M | $15.68M | $13.86M | $6.67M | $115K |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $4.22M | $635K | $27.48M | $23.09M | $34.48M | $20.87M | $158.68M | $16.41M | $13.86M | $6.67M | $0 |
| Total Current Liabilities | $111.48M | $100.61M | $96.42M | $102.08M | $114.01M | $94M | $242.08M | $16.84M | $14.15M | $7.1M | $115K |
| Long-Term Liabilities | |||||||||||
| Long-Term Debt | $3.22B | $3.12B | $3.21B | $3.36B | $3.12B | $3.09B | $2.89B | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$798.67M |
| Long-Term Deferred Tax Liabilities | $563M | $534.82M | $265.88M | $131.22M | $13.72M | $0 | $0 | $0 | $0 | $0 | $368K |
| Other Long-Term Liabilities | $15.07M | $15.4M | $10.38M | $4.43M | $6.66M | $7M | $5.13M | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $3.8B | $3.67B | $3.49B | $3.5B | $3.14B | $3.1B | $2.9B | $0 | $0 | $1.05B | $368K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.05B | $0 |
| Total Liabilities | $3.91B | $3.77B | $3.59B | $3.6B | $3.26B | $3.19B | $3.14B | $16.84M | $14.15M | $7.1M | $483K |
| Stockholders' Equity | |||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $341.56M | $0 | $0 | $0 | $0 |
| Common Stock | $4.74M | $4.79M | $4.8M | $4.79M | $4.78M | $4.77M | $4.84M | -$41.97M | $15.61M | $10.27M | $1.08B |
| Retained Earnings | $14.78M | $90.55M | $100.45M | $82.79M | -$132.47M | -$464.09M | -$341.56M | $0 | $0 | $0 | $558K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | -$341.56M | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $1.95B | $2.02B | $2.05B | $2.1B | $2.41B | $2.88B | $3.48B | $72.83M | -$19.87M | $0 | -$1.08B |
| Total Equity | $1.97B | $2.12B | $2.15B | $2.19B | $2.29B | $2.42B | $3.14B | $30.86M | -$4.26M | $10.27M | $558K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.54M | $969K |
| Total Liabilities and Equity | $5.88B | $5.88B | $5.74B | $5.79B | $5.54B | $5.61B | $6.28B | $47.7M | $9.89M | $17.37M | $1.04M |
| Supplementary Data | |||||||||||
| Total Debt | $3.22B | $3.12B | $3.21B | $3.36B | $3.12B | $3.09B | $2.89B | $0 | $0 | $849.91M | $620M |
| Net Debt | $3.04B | $3.12B | $3.21B | $3.36B | $3.12B | $3.09B | $2.89B | -$2.82M | -$5.99M | $840.3M | $620K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Operating Activities | |||||||||||
| Net Income | $413.16M | $400.89M | $371.79M | $326.24M | $331.62M | -$122.53M | -$355.11M | $66.61M | $2.33M | $236.7M | $781K |
| Depreciation & Amortization | $204.98M | $210.67M | $206.73M | $202.43M | $179.46M | $179.46M | $152.54M | $148K | $41.13M | $99.86M | $86.67M |
| Deferred Income Tax | $149.39M | $147.73M | $134.66M | $117.49M | $117.12M | -$171K | -$101.93M | -$1.3M | $0 | $3.36M | $368K |
| Stock-Based Compensation | $45.96M | $44.33M | $31.61M | $19.65M | $13.53M | $12.78M | $73.52M | $35.11M | $34.93M | $26.05M | $0 |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | $2.24M | -$25.82M | -$1.16M | -$2.63M | -$6.57M | $28.74M | $42.67M | $0 | $0 | $3.04M | -$32.28M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$12.58M | $0 |
| Accounts Payable | -$936K | $3.67M | -$9.03M | $8.76M | $1.49M | $1.92M | -$11.87M | $873K | -$133K | $1.15M | $3.28M |
| Other Working Capital | -$1.06M | $16.89M | $6.21M | -$1.06M | $9.52M | -$30.24M | -$7.33M | $1.81M | $7.18M | $2.73M | $115K |
| Total Working Capital Change | $240K | -$5.26M | -$3.98M | $5.06M | $4.43M | $419K | $23.47M | $2.69M | $7.05M | -$5.67M | $115K |
| Other Non-Cash Items | $118.73M | $45.63M | $38.26M | $28.72M | $63.59M | $683.42M | $829.9M | -$19.57M | -$57.36M | -$106.44M | -$87.64M |
| Net Cash from Operating | $932.46M | $843.99M | $779.06M | $699.6M | $709.75M | $753.38M | $622.39M | $83.53M | $28.08M | $9.54M | $295K |
| Investing Activities | |||||||||||
| Capital Expenditures | -$162.25M | -$242.34M | -$184M | -$515.65M | -$232.82M | -$157.93M | -$267.38M | $0 | $0 | -$416.32M | -$452.63M |
| Acquisitions | -$6.65M | -$2.39M | $0 | $17M | -$2.07M | -$25.27M | -$133.54M | $0 | $0 | -$75.52M | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$17M | -$2.07M | -$25.27M | -$753.07M | $0 | $0 | -$75.52M | $0 |
| Sales of Investments | $0 | $0 | $0 | $17M | $2.07M | $25.27M | $619.53M | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$304K | $2M | $793K | $4.82M | $1.65M | -$36.03M | $8.78M | $0 | $0 | $13.67M | $7.18M |
| Net Cash from Investing | -$169.21M | -$242.73M | -$183.21M | -$493.83M | -$233.24M | -$219.23M | -$525.67M | $0 | $0 | -$478.16M | -$445.45M |
| Financing Activities | |||||||||||
| Debt Repaid | -$115.7M | $106.66M | $151.9M | -$234.8M | -$82.53M | -$550M | -$650M | - | - | -$650M | -$502.94M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $65.39M | $240.7M |
| Common Stock Repurchases | -$134.98M | -$28.69M | -$8.49M | -$6.9M | -$5.01M | -$24.71M | -$125.52M | $0 | $0 | $0 | $0 |
| Dividends Paid | -$439.01M | -$437.63M | -$435.4M | -$432.82M | -$471.17M | -$589.64M | -$495.82M | -$86.47M | -$31.7M | $0 | -$223K |
| Other Financing Activities | -$42.03M | -$27.79M | $0 | -$302K | -$16.64M | -$123.84M | -$11.08M | -$230K | $0 | -$16.23M | -$743.64M |
| Net Cash from Financing | -$500.32M | -$601.33M | -$595.79M | -$205.78M | -$477.15M | -$534.75M | -$98.3M | -$86.7M | -$31.7M | $106.72M | -$223K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $262.94M | -$66K | $66K | $0 | -$640K | -$595K | -$1.59M | -$3.17M | -$3.62M | $7.16M | -$445.38M |
| Supplementary Data | |||||||||||
| Operating Cash Flow | $932.46M | $843.99M | $779.06M | $699.6M | $709.75M | $753.38M | $622.39M | $83.53M | $28.08M | $378.61M | $295K |
| Capital Expenditure | -$162.25M | -$242.34M | -$184M | -$515.65M | -$232.82M | -$157.93M | -$267.38M | $0 | $0 | -$416.32M | -$452.63M |
| Free Cash Flow | $770.21M | $601.65M | $595.06M | $183.95M | $476.93M | $595.45M | $355M | $83.53M | $28.08M | -$37.71M | -$452.34M |
| Cash at Beginning | $0 | $66K | $0 | $0 | $640K | $1.24M | $2.82M | $5.99M | $9.61M | $6.88M | $445.45M |
| Cash at End | $262.94M | $0 | $66K | $0 | $0 | $640K | $1.24M | $2.82M | $5.99M | $14.04M | $72K |