ANTERO MIDSTREAM CORPORATION financials
Source: EDGAR filings · Built 2026-06-02T02:18:32Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | 774.00M | 778.80M | 482.88M | — | 595.45M |
| EBITDA | 849.65M | 869.84M | 818.59M | 741.90M | 734.79M | -8.85M |
| Working Capital | 268.38M | 17.45M | -5.29M | -13.08M | -30.20M | -74.00K |
| Net Debt | 3.04B | — | 3.21B | 3.36B | — | 3.09B |
| Operating Margin | 54.25% | 59.59% | 58.73% | 58.64% | 61.83% | -13.06% |
| Net Margin | 34.77% | 36.24% | 35.69% | 35.46% | 36.92% | -13.60% |
| Return on Equity (ROE) | 20.95% | 18.95% | 17.28% | 14.88% | 14.50% | -5.07% |
| Return on Assets (ROA) | 7.02% | 6.96% | 6.48% | 5.63% | 5.98% | -2.18% |
| Current Ratio | 3.41× | 1.17× | 0.95× | 0.87× | 0.74× | 1.00× |
| Debt-to-Equity | 1.63× | 1.47× | 1.49× | 1.53× | 1.37× | 1.28× |
| Effective Tax Rate | 26.77% | 26.93% | 25.65% | 26.48% | 26.10% | 31.25% |
| Cash Conversion Ratio | 2.26× | 2.11× | 2.10× | 2.14× | 2.14× | -6.15× |
| Accruals Ratio | -0.09× | -0.08× | -0.07× | -0.06× | -0.07× | -0.16× |
| SBC % of Revenue | 3.87% | 4.01% | 3.03% | 2.14% | 1.51% | 1.42% |
| CapEx Coverage | — | 12.06× | 2928.81× | 3.23× | — | 4.77× |
| Free Cash Flow Per Share | — | $1.60 | $1.61 | $1.01 | — | $1.25 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 20.69× | 18.18× | 16.27× | 15.87× | 14.03× | — |
| P/FCF | — | 9.46× | 7.76× | 10.73× | — | 6.19× |
| FCF Yield | — | 10.57% | 12.89% | 9.32% | — | 16.15% |
| EV / EBITDA | 13.51× | 11.90× | 11.27× | 11.49× | 10.54× | — |
| P/S | 7.10× | 6.54× | 5.77× | 5.61× | 5.15× | 4.08× |
| P/B | 4.28× | 3.42× | 2.79× | 2.35× | 2.02× | 1.52× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 1.19B | 1.11B | 1.04B | 919.99M | 898.20M | 900.72M |
| Operating Expenses | 543.76M | 447.03M | 429.91M | 380.52M | 342.88M | 1.02B |
| Operating Income (Loss) | 644.67M | 659.17M | 611.86M | 539.47M | 555.33M | -117.64M |
| Income Tax Expense (Benefit) | 151.03M | 147.73M | 128.29M | 117.49M | 117.12M | -55.69M |
| Earnings Per Share, Basic | $0.86 | $0.83 | $0.77 | $0.68 | $0.69 | $-0.26 |
| Weighted Average Number of Shares Outstanding, Basic | 477.91M | 480.82M | 479.38M | 478.23M | 477.27M | 478.28M |
| Earnings Per Share, Diluted | $0.86 | $0.83 | $0.77 | $0.68 | $0.69 | $-0.26 |
| Weighted Average Number of Shares Outstanding, Diluted | 482.18M | 485.25M | 482.37M | 480.30M | 479.74M | 478.28M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 180.44M | — | 66.00K | — | — | 640.00K |
| Assets, Current | 379.86M | 118.06M | 91.13M | 88.99M | 83.80M | 93.93M |
| Assets | 5.88B | 5.76B | 5.74B | 5.79B | 5.54B | 5.61B |
| Long-term Debt | 3.22B | 3.12B | 3.21B | 3.36B | 3.12B | 3.09B |
| Liabilities, Current | 111.48M | 100.61M | 96.42M | 102.08M | 114.01M | 94.00M |
| Long-term Debt, Excluding Current Maturities | 3.22B | 3.12B | 3.21B | 3.36B | 3.12B | 3.09B |
| Liabilities | 3.91B | 3.65B | 3.59B | 3.60B | 3.26B | 3.19B |
| Stockholders' Equity Attributable to Parent | 1.97B | 2.12B | 2.15B | 2.19B | 2.29B | 2.42B |
| Common Stock, Shares, Outstanding | 474.06M | 479.42M | 479.71M | 478.50M | 477.50M | 476.64M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 932.46M | 843.99M | 779.06M | 699.60M | 709.75M | 753.38M |
| Payments to Acquire Property, Plant, and Equipment | — | — | — | — | — | 157.93M |
| Net Cash Provided by (Used in) Investing Activities | -169.21M | -242.73M | -183.21M | -493.83M | -233.24M | -219.23M |
| Payments for Repurchase of Common Stock | 134.98M | 28.69M | — | — | — | 24.71M |
| Net Cash Provided by (Used in) Financing Activities | -500.32M | -601.33M | -595.79M | -205.78M | -477.15M | -534.75M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | — | — | — | — | 232.69M |
| EBITDA | 244.46M | 151.91M | 232.63M | 237.48M | 227.64M | 228.20M |
| Working Capital | -2.31M | 268.38M | 23.35M | 3.31M | 37.45M | 17.45M |
| Net Debt | 3.71B | 3.04B | 3.01B | 3.02B | 3.11B | — |
| Operating Margin | 60.03% | 33.84% | 61.22% | 61.03% | 60.87% | 61.83% |
| Net Margin | 37.64% | 17.48% | 39.34% | 40.76% | 41.47% | 38.68% |
| Return on Equity (ROE) | 6.11% | 2.63% | 5.62% | 5.96% | 5.78% | 5.26% |
| Return on Assets (ROA) | 1.85% | 0.88% | 2.03% | 2.17% | 2.10% | 1.93% |
| Current Ratio | 0.99× | 3.41× | 1.26× | 1.03× | 1.42× | 1.17× |
| Debt-to-Equity | 1.92× | 1.63× | 1.46× | 1.45× | 1.49× | 1.47× |
| Effective Tax Rate | 24.14% | 32.73% | 28.26% | 26.10% | 23.02% | 28.63% |
| Cash Conversion Ratio | 2.02× | 4.92× | 5.84× | 3.73× | 1.65× | 2.09× |
| Accruals Ratio | -0.02× | -0.03× | -0.10× | -0.06× | -0.01× | -0.02× |
| SBC % of Revenue | 3.37% | 3.75% | 3.74% | 3.73% | 4.26% | 3.99% |
| Free Cash Flow Per Share | — | — | — | — | — | $0.48 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 26.51× | 20.69× | 19.84× | 19.95× | 20.69× | 18.18× |
| EV / EBITDA | 16.78× | 13.51× | 13.26× | 13.36× | 13.39× | 11.90× |
| P/S | 8.94× | 7.10× | 7.86× | 7.87× | 7.71× | 6.54× |
| P/B | 5.59× | 4.28× | 4.49× | 4.35× | 4.13× | 3.42× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 314.21M | 297.00M | 294.82M | 305.47M | 291.13M | 287.48M |
| Operating Expenses | 125.60M | 196.50M | 114.33M | 119.03M | 113.91M | 109.74M |
| Operating Income (Loss) | 188.61M | 100.51M | 180.49M | 186.44M | 177.22M | 177.74M |
| Income Tax Expense (Benefit) | 37.64M | 25.26M | 45.69M | 43.98M | 36.10M | 44.60M |
| Earnings Per Share, Basic | $0.25 | $0.11 | $0.24 | $0.26 | $0.25 | $0.23 |
| Weighted Average Number of Shares Outstanding, Basic | 473.87M | 477.91M | 478.02M | 479.08M | 479.06M | 480.82M |
| Earnings Per Share, Diluted | $0.25 | $0.11 | $0.24 | $0.26 | $0.25 | $0.23 |
| Weighted Average Number of Shares Outstanding, Diluted | 477.96M | 482.18M | 481.81M | 482.45M | 484.38M | 485.25M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | — | 180.44M | — | — | — | — |
| Assets, Current | 154.94M | 379.86M | 113.37M | 114.48M | 127.65M | 118.06M |
| Assets | 6.41B | 5.88B | 5.72B | 5.73B | 5.75B | 5.76B |
| Long-term Debt | 3.67B | 3.22B | 3.01B | 3.02B | 3.11B | 3.12B |
| Liabilities, Current | 157.25M | 111.48M | 90.02M | 111.17M | 90.20M | 100.61M |
| Long-term Debt, Excluding Current Maturities | 3.67B | 3.22B | 3.01B | 3.02B | 3.11B | 3.12B |
| Liabilities | 4.47B | 3.91B | 3.65B | 3.64B | 3.66B | 3.65B |
| Stockholders' Equity Attributable to Parent | 1.94B | 1.97B | 2.07B | 2.09B | 2.09B | 2.12B |
| Common Stock, Shares, Outstanding | 475.03M | 474.06M | 476.71M | 479.01M | 479.26M | 479.42M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 238.62M | 255.50M | 676.96M | 464.13M | 198.94M | 232.69M |
| Net Cash Provided by (Used in) Investing Activities | -780.77M | -49.97M | -119.24M | -72.33M | -32.27M | -39.66M |
| Payments for Repurchase of Common Stock | 18.01M | 48.31M | 86.67M | 45.34M | 28.57M | — |
| Net Cash Provided by (Used in) Financing Activities | 279.21M | 57.40M | -557.72M | -391.79M | -166.67M | -193.03M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (AM CIK 0001623925),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.