(AM) Antero Midstream - NYSE
Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 10.188m USD | Total Return: 24.1% in 12m
Avg Turnover: 44.6M
EPS Trend: 97.8%
Qual. Beats: 0
Rev. Trend: 99.4%
Qual. Beats: 6
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Antero Midstream Corporation (NYSE: AM) owns and operates midstream energy infrastructure focused on the Appalachian Basin, specifically within West Virginia and Ohio. The company functions through two primary segments: Gathering and Processing, which manages natural gas and natural gas liquids (NGLs) via pipelines and compressor stations, and Water Handling, which provides water sourcing, transport, and disposal services for hydraulic fracturing operations.
The firm operates under a fee-based business model, which typically reduces direct exposure to commodity price volatility by generating revenue based on throughput volumes. As a midstream provider in the Oil & Gas Storage & Transportation sub-industry, its operations are essential for connecting upstream production to downstream markets and managing the significant fluid logistics required for shale development. Investors can gain deeper insights into these operational metrics by reviewing the detailed financial data available on ValueRay.
Founded in 2002 and headquartered in Denver, Colorado, the company primarily services the production activities of Antero Resources. This integrated relationship ensures a dedicated customer base for its gathering networks and specialized water storage and blending facilities.
- Natural gas production volumes from Antero Resources drive core gathering revenue
- Capital expenditure reductions support free cash flow and dividend sustainability
- Fluctuations in Appalachian natural gas prices impact drilling activity and throughput
- Regulatory shifts and environmental policies affect infrastructure expansion and water handling
- Interest rate volatility influences debt servicing costs and high-yield stock valuation
| Net Income: 410.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA -0.25 > 1.0 |
| NWC/Revenue: -0.18% < 20% (prev 3.15%; Δ -3.33% < -1%) |
| CFO/TA 0.15 > 3% & CFO 972.1m > Net Income 410.7m |
| Net Debt (3.58b) to EBITDA (969.7m): 3.69 < 3 |
| Current Ratio: 0.99 > 1.5 & < 3 |
| Outstanding Shares: last quarter (478.0m) vs 12m ago -1.32% < -2% |
| Gross Margin: 64.52% > 18% (prev 64.07%; Δ 0.45% > 0.5%) |
| Asset Turnover: 21.15% > 50% (prev 20.67%; Δ 0.48% > 0%) |
| Interest Coverage Ratio: 3.87 > 6 (EBIT TTM 759.3m / Interest Expense TTM 196.0m) |
| A: -0.00 (Total Current Assets 154.9m - Total Current Liabilities 157.2m) / Total Assets 6.41b |
| B: 0.02 (Retained Earnings 104.2m / Total Assets 6.41b) |
| C: 0.12 (EBIT TTM 759.3m / Avg Total Assets 6.08b) |
| D: 0.43 (Book Value of Equity 1.94b / Total Liabilities 4.47b) |
| Altman-Z'' = 1.34 = BB |
| DSRI: 1.09 (Receivables 147.1m/124.9m, Revenue 1.29b/1.19b) |
| GMI: 0.99 (GM 64.07% / 64.52%) |
| AQI: 1.17 (AQ_t 0.35 / AQ_t-1 0.30) |
| SGI: 1.08 (Revenue 1.29b / 1.19b) |
| TATA: -0.09 (NI 410.7m - CFO 972.1m) / TA 6.41b) |
| Beneish M = -2.81 (Cap -4..+1) = A |
As of June 19, 2026, the stock is trading at USD 21.71 with a total of 2,129,687 shares traded.
Over the past week, the price has changed by -0.47%,
over one month by -3.99%,
over three months by -5.79% and
over the past year by +24.06%.
Antero Midstream has received a consensus analysts rating of 2.63. Therefore, it is recommended to hold AM.
- StrongBuy: 0
- Buy: 0
- Hold: 6
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 23.3 | 7.3% |
P/E Trailing = 24.9419
P/E Forward = 15.2439
P/S = 7.9242
P/B = 5.2613
P/EG = 1.17
Revenue TTM = 1.29b USD
EBIT TTM = 759.3m USD
EBITDA TTM = 969.7m USD
Long Term Debt = 3.67b USD (from longTermDebt, last quarter)
Short Term Debt = 13.2m USD (from shortTermDebt, last quarter)
Debt = 3.76b USD (from shortLongTermDebtTotal, last quarter) + Leases 46.6m
Net Debt = 3.58b USD (calculated: Debt 3.76b - CCE 180.4m)
Enterprise Value = 13.8b USD (10.2b + Debt 3.76b - CCE 180.4m)
Interest Coverage Ratio = 3.87 (Ebit TTM 759.3m / Interest Expense TTM 196.0m)
EV/FCF = 15.03x (Enterprise Value 13.8b / FCF TTM 916.0m)
FCF Yield = 6.65% (FCF TTM 916.0m / Enterprise Value 13.8b)
FCF Margin = 71.24% (FCF TTM 916.0m / Revenue TTM 1.29b)
Net Margin = 31.94% (Net Income TTM 410.7m / Revenue TTM 1.29b)
Gross Margin = 64.52% ((Revenue TTM 1.29b - Cost of Revenue TTM 456.2m) / Revenue TTM)
Gross Margin QoQ = 62.27% (prev 66.48%)
Tobins Q-Ratio = 2.15 (Enterprise Value 13.8b / Total Assets 6.41b)
Interest Expense / Debt = 5.21% (Interest Expense 196.0m / Debt 3.76b)
Taxrate = 27.09% (152.6m / 563.3m)
NOPAT = 553.6m (EBIT 759.3m * (1 - 27.09%))
Current Ratio = 0.99 (Total Current Assets 154.9m / Total Current Liabilities 157.2m)
Debt / Equity = 1.94 (Debt 3.76b / totalStockholderEquity, last quarter 1.94b)
Debt / EBITDA = 3.69 (Net Debt 3.58b / EBITDA 969.7m)
Debt / FCF = 3.91 (Net Debt 3.58b / FCF TTM 916.0m)
Total Stockholder Equity = 2.02b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.76% (Net Income 410.7m / Total Assets 6.41b)
RoE = 20.38% (Net Income TTM 410.7m / Total Stockholder Equity 2.02b)
RoCE = 13.36% (EBIT 759.3m / Capital Employed (Equity 2.02b + L.T.Debt 3.67b))
RoIC = 8.93% (NOPAT 553.6m / Invested Capital 6.20b)
WACC = 6.27% (E(10.2b)/V(13.9b) * Re(7.18%) + D(3.76b)/V(13.9b) * Rd(5.21%) * (1-Tc(0.27)))
Discount Rate = 7.18% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -42.22 | Cagr: -0.53%
[DCF] Terminal Value 76.60% ; FCFF base≈884.3m ; Y1≈957.3m ; Y5≈1.18b
[DCF] Fair Price = 30.48 (EV 18.1b - Net Debt 3.58b = Equity 14.5b / Shares 475.0m; r=8.35% [WACC [floored]]; 5y FCF grow 9.44% → 2.50% )
EPS Correlation: 97.82 | EPS CAGR: 12.92% | SUE: -0.38 | # QB: 0
Revenue Correlation: 99.40 | Revenue CAGR: 6.83% | SUE: 1.25 | # QB: 6
EPS current Quarter (2026-06-30): EPS=0.33 | Chg30d=+4.10% | Revisions=+33% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.34 | Chg30d=-0.03% | Revisions=-20% | Analysts=2
EPS current Year (2026-12-31): EPS=1.30 | Chg30d=+0.32% | Revisions=+0% | GrowthEPS=+16.1% | GrowthRev=+9.8%
EPS next Year (2027-12-31): EPS=1.49 | Chg30d=+0.55% | Revisions=+0% | GrowthEPS=+14.5% | GrowthRev=+6.2%
[Analyst] Revisions Ratio: +33%