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): 9.99%
Revenue Trend (3Y Correlation): 94.2%

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	8,330m
Sub-Industry	Oil & Gas Storage & Transportation
IPO / Inception	2014-11-05

AM Stock Ratings

Growth Rating	91.0%
Fundamental	81.4%
Dividend Rating	36.9%
Return 12m vs S&P 500	5.65%
Analyst Rating	2.63 of 5

AM Dividends

Dividend Yield 12m	5.08%
Yield on Cost 5y	21.63%
Annual Growth 5y	-7.55%
Payout Consistency	89.2%
Payout Ratio	84.1%

AM Growth Ratios

Growth Correlation 3m	2.2%
Growth Correlation 12m	83.3%
Growth Correlation 5y	98.3%
CAGR 5y	24.78%
CAGR/Max DD 3y (Calmar Ratio)	1.77
CAGR/Mean DD 3y (Pain Ratio)	7.22
Sharpe Ratio 12m	0.95
Alpha	12.27
Beta	0.846
Volatility	21.49%
Current Volume	1619.4k
Average Volume 20d	1807.6k
Stop Loss	17.1 (-3.5%)
Signal	-0.06

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (456.2m TTM) > 0 and > 6% of Revenue (6% = 73.5m TTM)

FCFTA 0.16 (>2.0%) and ΔFCFTA 3.93pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 0.27% (prev -1.08%; Δ 1.35pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.15 (>3.0%) and CFO 881.8m > Net Income 456.2m (YES >=105%, WARN >=100%)

Net Debt (3.02b) to EBITDA (1.02b) ratio: 2.97 <= 3.0 (WARN <= 3.5)

Current Ratio 1.03 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (482.5m) change vs 12m ago -0.48% (target <= -2.0% for YES)

Gross Margin 64.91% (prev 62.92%; Δ 1.99pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 21.29% (prev 19.80%; Δ 1.49pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 4.13 (EBITDA TTM 1.02b / Interest Expense TTM 197.9m) >= 6 (WARN >= 3)

Altman Z'' 1.06

(A) 0.00 = (Total Current Assets 114.5m - Total Current Liabilities 111.2m) / Total Assets 5.73b

(B) 0.02 = Retained Earnings (Balance) 111.8m / Total Assets 5.73b

(D) 0.03 = Book Value of Equity 116.6m / Total Liabilities 3.64b

Total Rating: 1.06 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 81.37

1. Piotroski 6.0pt = 1.0

2. FCF Yield 7.86% = 3.93

3. FCF Margin 72.92% = 7.50

4. Debt/Equity 1.45 = 1.53

5. Debt/Ebitda 2.97 = -1.72

6. ROIC - WACC (= 4.57)% = 5.72

7. RoE 21.67% = 1.81

8. Rev. Trend 94.19% = 7.06

9. EPS Trend 90.75% = 4.54

What is the price of AM shares?

As of November 10, 2025, the stock is trading at USD 17.72 with a total of 1,619,436 shares traded.
Over the past week, the price has changed by +1.43%, over one month by -4.72%, over three months by -2.81% and over the past year by +19.83%.

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 81.37 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 20.53 USD . This means that AM is currently undervalued and has a potential upside of +15.86% (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	18.4	3.6%
Analysts Target Price	18.4	3.6%
ValueRay Target Price	22.6	27.4%

AM Fundamental Data Overview November 01, 2025

Market Cap USD = 8.33b (8.33b USD * 1.0 USD.USD)
P/E Trailing = 17.8469
P/E Forward = 12.9199
P/S = 6.8022
P/B = 4.4096
P/EG = 1.17
Beta = 0.846
Revenue TTM = 1.22b USD
EBIT TTM = 817.0m USD
EBITDA TTM = 1.02b USD
Long Term Debt = 3.02b USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 3.02b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.02b USD (from netDebt column, last quarter)
Enterprise Value = 11.35b USD (8.33b + Debt 3.02b - (null CCE))
Interest Coverage Ratio = 4.13 (Ebit TTM 817.0m / Interest Expense TTM 197.9m)
FCF Yield = 7.86% (FCF TTM 893.0m / Enterprise Value 11.35b)
FCF Margin = 72.92% (FCF TTM 893.0m / Revenue TTM 1.22b)
Net Margin = 37.25% (Net Income TTM 456.2m / Revenue TTM 1.22b)
Gross Margin = 64.91% ((Revenue TTM 1.22b - Cost of Revenue TTM 429.7m) / Revenue TTM)
Gross Margin QoQ = 64.68% (prev 65.27%)
Tobins Q-Ratio = 1.98 (Enterprise Value 11.35b / Total Assets 5.73b)
Interest Expense / Debt = 1.59% (Interest Expense 48.0m / Debt 3.02b)
Taxrate = 26.10% (44.0m / 168.5m)
NOPAT = 603.7m (EBIT 817.0m * (1 - 26.10%))
Current Ratio = 1.03 (Total Current Assets 114.5m / Total Current Liabilities 111.2m)
Debt / Equity = 1.45 (Debt 3.02b / totalStockholderEquity, last quarter 2.09b)
Debt / EBITDA = 2.97 (Net Debt 3.02b / EBITDA 1.02b)
Debt / FCF = 3.39 (Net Debt 3.02b / FCF TTM 893.0m)
Total Stockholder Equity = 2.11b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.97% (Net Income 456.2m / Total Assets 5.73b)
RoE = 21.67% (Net Income TTM 456.2m / Total Stockholder Equity 2.11b)
RoCE = 15.93% (EBIT 817.0m / Capital Employed (Equity 2.11b + L.T.Debt 3.02b))
RoIC = 11.59% (NOPAT 603.7m / Invested Capital 5.21b)
WACC = 7.01% (E(8.33b)/V(11.35b) * Re(9.13%) + D(3.02b)/V(11.35b) * Rd(1.59%) * (1-Tc(0.26)))
Discount Rate = 9.13% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.13%
[DCF Debug] Terminal Value 77.99% ; FCFE base≈805.2m ; Y1≈993.4m ; Y5≈1.69b
Fair Price DCF = 49.53 (DCF Value 23.59b / 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: 94.19 | Revenue CAGR: 9.99% | SUE: 1.07 | # QB: 3

Additional Sources for AM Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle