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MARKETS / NYSE / AM
NYSE · NATURAL GAS TRANSMISSION · LARGE CAP

Antero Midstream Corp. AM

11 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.2B
▲ 7.4% YoY
$413.2M
▲ 3.1% YoY
In brief

What this company does

Antero Midstream Corporation owns, operates and develops midstream energy assets that primarily service Antero Resources' production and completion activity in the Appalachian Basin, located in West Virginia and Ohio. Its assets consist of gathering systems and compression facilities, water handling and blending facilities, and interests in processing and fractionation plants. Its operations are located in the United States and are organized into two reportable segments: gathering and processing, and water handling. Its gathering and processing assets consist of high and low pressure gathering pipelines, compressor stations and processing and fractionation plants that collect and process natural gas and NGLs from Antero Resources' wells in West Virginia and Ohio. Its water handling assets include two independent systems that deliver water from sources, including the Ohio River, local reservoirs and several regional waterways. As of December 31, 2025, it had 33 water impoundments with storage capacity of approximately 5 million barrels. It currently derives substantially all of its revenue from Antero Resources.

Written from the business description in ANTERO MIDSTREAM CORPORATION's annual report to the U.S. Securities and Exchange Commission, filed 11 February 2026. Every sentence was checked against that document before publication.

Growth
USD 1.2B
Revenue, FY2025 · full 11-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.2 · Net income 0.4
0.4B0.8B-0.2B201520172019202120232025
Compound annual growth
+8.9%
+5.7%
+98.3%
+8.2%
+8.1%
+9.9%
−1.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +5.7% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
35 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 54.2% · Net 34.8%
50%-20%-40%201520172019202120232025
ROE

No chart to show — the reason differs by year; see each year in the table below.

Cash & shareholders
USD 574.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF 774.0
400M201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 439.0 · Net buybacks 135.0
250.0M500.0MDividendsNet buybacks201720182019202020212022202320242025

USD 439.0M in dividends and USD 135.0M in buybacks went back to shareholders.

Total assetsUSD 5.9B
EquityUSD 2.0B
CashUSD 180.4M
Gross debtUSD 3.2B
Net debtUSD 3.0B
Current ratio3.41×

Net debt stands at 154% of equity.

The 11-year record
11 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015
Revenue $B1.21.11.00.90.90.90.80.10.10.00.0
Operating income $B0.60.70.60.50.6−0.1−0.4−0.0−0.00.00.0
EBITDA $B0.80.80.70.70.7−0.0−0.3····
Income tax $B0.20.10.10.10.1−0.1−0.10.00.00.00.0
Net income $B0.40.40.40.30.3−0.1−0.40.10.00.00.0
Free cash flow $B·0.80.80.5·0.60.4····
EPS, diluted $0.860.830.770.680.69−0.26−0.800.330.03··
Dividend / sh $···········
Payout %········324··
ROE %···········
Shares out B0.470.480.480.480.480.480.480.00···

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 40 reconciliationsAUDITED

Reconciled in 11 of 19 fiscal years. 48 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityNatural Gas Transmission
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2015

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