Overview Dividends

(AM) Antero Midstream Partners - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US03676B1026

Gathering, Processing, Water, Pipelines, Storage

AM EPS (Earnings per Share)

EPS Growth (3Y CAGR): 18.32%
EPS Trend (3Y Correlation): 90.8%

AM Revenue

Revenue Growth (3Y CAGR): 7.03%
Revenue Trend (3Y Correlation): 93.4%

Risk via 10d forecast
Volatility	20.6%
Value at Risk 5%th	33.5%
Relative Tail Risk	-0.87%

Reward TTM
Sharpe Ratio	0.91
Alpha	14.37

Character TTM
Hurst Exponent	0.581
Beta	0.590
Beta Downside	0.878

Drawdowns 3y
Max DD	13.98%
Mean DD	3.46%
Median DD	2.82%

Description: AM Antero Midstream Partners November 04, 2025

Antero Midstream Partners LP (NYSE: AM) owns and operates midstream infrastructure in the Appalachian Basin, split between a Gathering & Processing segment that moves and treats natural gas and NGLs from Antero Resources’ wells in West Virginia and Ohio, and a Water Handling segment that sources, transports, stores, and blends flowback and produced water from the Ohio River and regional reservoirs. The company, founded in 2002 and headquartered in Denver, Colorado, is classified under the Oil & Gas Storage & Transportation sub-industry.

Key operating metrics (2023) include approximately 1.2 billion cubic feet per day (Bcf/d) of gathering capacity and 190 MMcf/d of processing throughput, delivering an adjusted EBITDA of roughly $210 million. Water handling volumes reached about 1.1 billion gallons per month, reflecting the growing importance of efficient water management in shale development. The segment’s performance is tightly linked to regional natural gas price spreads, the pace of Appalachian shale drilling activity, and evolving environmental regulations on produced-water disposal.

For a deeper, data-driven view of AM’s valuation dynamics and scenario analysis, you may find ValueRay’s analytical platform worth exploring.

AM Stock Overview

Market Cap in USD	8,649m
Sub-Industry	Oil & Gas Storage & Transportation
IPO / Inception	2014-11-05
Return 12m vs S&P 500	7.02%
Analyst Rating	2.63 of 5

AM Dividends

Dividend Yield	4.96%
Yield on Cost 5y	20.98%
Yield CAGR 5y	-7.55%
Payout Consistency	89.2%
Payout Ratio	84.1%

AM Growth Ratios

CAGR 3y	26.70%
CAGR/Max DD Calmar Ratio	1.91
CAGR/Mean DD Pain Ratio	7.71
Current Volume	1440.3k
Average Volume	2179.3k

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income (472.4m TTM) > 0 and > 6% of Revenue (6% = 75.0m TTM)

FCFTA 0.18 (>2.0%) and ΔFCFTA 7.30pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 1.87% (prev 0.73%; Δ 1.14pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.16 (>3.0%) and CFO 909.7m > Net Income 472.4m (YES >=105%, WARN >=100%)

Net Debt (3.01b) to EBITDA (1.04b) ratio: 2.89 <= 3.0 (WARN <= 3.5)

Current Ratio 1.26 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (481.8m) change vs 12m ago -0.77% (target <= -2.0% for YES)

Gross Margin 64.96% (prev 62.97%; Δ 1.99pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 21.74% (prev 19.90%; Δ 1.84pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 4.33 (EBITDA TTM 1.04b / Interest Expense TTM 193.3m) >= 6 (WARN >= 3)

Altman Z'' 1.08

(A) 0.00 = (Total Current Assets 113.4m - Total Current Liabilities 90.0m) / Total Assets 5.72b

(B) 0.02 = Retained Earnings (Balance) 88.3m / Total Assets 5.72b

(D) 0.03 = Book Value of Equity 93.0m / Total Liabilities 3.65b

Total Rating: 1.08 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 83.40

1. Piotroski 6.50pt = 1.50

2. FCF Yield 8.95% = 4.47

3. FCF Margin 83.47% = 7.50

4. Debt/Equity 1.46 = 1.52

5. Debt/Ebitda 2.89 = -1.61

6. ROIC - WACC (= 5.27)% = 6.59

7. RoE 22.61% = 1.88

8. Rev. Trend 93.37% = 7.00

9. EPS Trend 90.75% = 4.54

What is the price of AM shares?

As of November 17, 2025, the stock is trading at USD 18.16 with a total of 1,440,335 shares traded.
Over the past week, the price has changed by +1.74%, over one month by +2.38%, over three months by +4.77% and over the past year by +23.76%.

Is Antero Midstream Partners a good stock to buy?

Yes, based on ValueRay´s Fundamental Analyses, Antero Midstream Partners (NYSE:AM) is currently (November 2025) a good stock to buy. It has a ValueRay Fundamental Rating of 83.40 and therefor a positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of AM is around 21.48 USD . This means that AM is currently undervalued and has a potential upside of +18.28% (Margin of Safety).

Is AM a buy, sell or hold?

Antero Midstream Partners has received a consensus analysts rating of 2.63. Therefor, it is recommend to hold AM.

Strong Buy: 0
Buy: 0
Hold: 6
Sell: 1
Strong Sell: 1

What are the forecasts/targets for the AM price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	18.6	2.6%
Analysts Target Price	18.6	2.6%
ValueRay Target Price	23.5	29.4%

AM Fundamental Data Overview November 17, 2025

Market Cap USD = 8.65b (8.65b USD * 1.0 USD.USD)
P/E Trailing = 18.5306
P/E Forward = 12.0773
P/S = 6.9217
P/B = 4.1879
P/EG = 1.17
Beta = 0.798
Revenue TTM = 1.25b USD
EBIT TTM = 836.1m USD
EBITDA TTM = 1.04b USD
Long Term Debt = 3.01b USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 3.01b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.01b USD (from netDebt column, last quarter)
Enterprise Value = 11.66b USD (8.65b + Debt 3.01b - (null CCE))
Interest Coverage Ratio = 4.33 (Ebit TTM 836.1m / Interest Expense TTM 193.3m)
FCF Yield = 8.95% (FCF TTM 1.04b / Enterprise Value 11.66b)
FCF Margin = 83.47% (FCF TTM 1.04b / Revenue TTM 1.25b)
Net Margin = 37.81% (Net Income TTM 472.4m / Revenue TTM 1.25b)
Gross Margin = 64.96% ((Revenue TTM 1.25b - Cost of Revenue TTM 437.8m) / Revenue TTM)
Gross Margin QoQ = 64.79% (prev 64.68%)
Tobins Q-Ratio = 2.04 (Enterprise Value 11.66b / Total Assets 5.72b)
Interest Expense / Debt = 1.57% (Interest Expense 47.2m / Debt 3.01b)
Taxrate = 28.26% (45.7m / 161.7m)
NOPAT = 599.8m (EBIT 836.1m * (1 - 28.26%))
Current Ratio = 1.26 (Total Current Assets 113.4m / Total Current Liabilities 90.0m)
Debt / Equity = 1.46 (Debt 3.01b / totalStockholderEquity, last quarter 2.07b)
Debt / EBITDA = 2.89 (Net Debt 3.01b / EBITDA 1.04b)
Debt / FCF = 2.88 (Net Debt 3.01b / FCF TTM 1.04b)
Total Stockholder Equity = 2.09b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.26% (Net Income 472.4m / Total Assets 5.72b)
RoE = 22.61% (Net Income TTM 472.4m / Total Stockholder Equity 2.09b)
RoCE = 16.40% (EBIT 836.1m / Capital Employed (Equity 2.09b + L.T.Debt 3.01b))
RoIC = 11.64% (NOPAT 599.8m / Invested Capital 5.15b)
WACC = 6.37% (E(8.65b)/V(11.66b) * Re(8.19%) + D(3.01b)/V(11.66b) * Rd(1.57%) * (1-Tc(0.28)))
Discount Rate = 8.19% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.20%
[DCF Debug] Terminal Value 80.97% ; FCFE base≈878.7m ; Y1≈1.08b ; Y5≈1.85b
Fair Price DCF = 64.21 (DCF Value 30.58b / Shares Outstanding 476.3m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 90.75 | EPS CAGR: 18.32% | SUE: -1.99 | # QB: 0
Revenue Correlation: 93.37 | Revenue CAGR: 7.03% | SUE: 0.94 | # QB: 4

Additional Sources for AM Stock

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