(AM) Antero Midstream Partners - Ratings and Ratios

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

Gathering, Processing, Water-Handling

Stock: Oil & Gas Storage & Transportation
Age 11.2y

MCap 8,750m
Avg Vol 2.32M (40.8M USD)

Beta 0.543
Volatility 20.32%

EPS (Earnings per Share)

EPS CAGR: -46.91%
EPS Trend: 9.3%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: 8.00%
Rev. Trend: 96.7%

Last SUE: 0.94
Qual. Beats: 4

Dividends

Dividend Yield	5.37%
Yield on Cost 5y	19.70%
Yield CAGR 5y	-2.18%
Payout Consistency	89.8%
Payout Ratio	84.1%

Risk via 5d forecast
Volatility	20.3%
Value at Risk 5%th	33.3%
Relative Tail Risk	-0.30%

Reward TTM
Sharpe Ratio	0.70
Alpha	8.23
CAGR/Max DD	1.99

Character TTM
Hurst Exponent	0.592
Beta	0.543
Beta Downside	0.821

Drawdowns 3y
Max DD	13.98%
Mean DD	3.58%
Median DD	2.95%

Description: AM Antero Midstream Partners January 07, 2026

Antero Midstream Partners LP (NYSE: AM) owns and operates midstream infrastructure in the Appalachian Basin, split between a Gathering & Processing segment-comprising pipelines, compressors, and fractionation plants that handle natural gas and NGLs from Antero Resources’ wells in West Virginia and Ohio-and a Water Handling segment that sources water from the Ohio River and regional reservoirs to transport, store, and blend flowback and produced water. Founded in 2002 and headquartered in Denver, Colorado, the company is classified under the Oil & Gas Storage & Transportation sub-industry.

Key operating metrics as of the latest 2023 filing include roughly 1,200 miles of gathering pipelines, an adjusted EBITDA of $210 million, and water handling capacity exceeding 1.5 billion gallons per month. The business is highly sensitive to natural-gas price spreads (the “crack” between gas and NGLs) and to regulatory trends governing produced-water disposal, both of which have been tightening as U.S. shale output remains robust while environmental standards evolve.

For a deeper quantitative view, the ValueRay platform provides a consolidated dashboard of AM’s financial and operational performance.

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income: 472.4m TTM > 0 and > 6% of Revenue
FCF/TA: 0.18 > 0.02 and ΔFCF/TA 7.30 > 1.0
NWC/Revenue: 1.87% < 20% (prev 0.73%; Δ 1.14% < -1%)
CFO/TA 0.16 > 3% & CFO 909.7m > Net Income 472.4m
Net Debt (3.01b) to EBITDA (1.04b): 2.89 < 3
Current Ratio: 1.26 > 1.5 & < 3
Outstanding Shares: last quarter (481.8m) vs 12m ago -0.77% < -2%
Gross Margin: 64.96% > 18% (prev 0.63%; Δ 6433 % > 0.5%)
Asset Turnover: 21.74% > 50% (prev 19.90%; Δ 1.84% > 0%)
Interest Coverage Ratio: 4.33 > 6 (EBITDA TTM 1.04b / Interest Expense TTM 193.3m)

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 88.3m / Total Assets 5.72b)
C: 0.15 (EBIT TTM 836.1m / Avg Total Assets 5.75b)
D: 0.03 (Book Value of Equity 93.0m / Total Liabilities 3.65b)
Altman-Z'' Score: 1.08 = BB

Beneish M -3.06

DSRI: 1.04 (Receivables 111.3m/98.6m, Revenue 1.25b/1.15b)
GMI: 0.97 (GM 64.96% / 62.97%)
AQI: 0.96 (AQ_t 0.30 / AQ_t-1 0.31)
SGI: 1.09 (Revenue 1.25b / 1.15b)
TATA: -0.08 (NI 472.4m - CFO 909.7m) / TA 5.72b)
Beneish M-Score: -3.06 = AA

ValueRay F-Score (Strict, 0-100) 79.76

1. Piotroski: 6.50pt
2. FCF Yield: 8.87%
3. FCF Margin: 83.47%
4. Debt/Equity: 1.46
5. Debt/Ebitda: 2.89
6. ROIC - WACC: 5.46%
7. RoE: 22.61%
8. Revenue Trend: 96.65%
9. EPS Trend: 9.28%

What is the price of AM shares?

As of January 23, 2026, the stock is trading at USD 18.77 with a total of 2,081,450 shares traded.
Over the past week, the price has changed by +5.21%, over one month by +6.47%, over three months by +4.10% and over the past year by +20.22%.

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	18.8	0.1%
Analysts Target Price	18.8	0.1%
ValueRay Target Price	24.4	30%

AM Fundamental Data Overview January 19, 2026

P/E Trailing = 18.6633
P/E Forward = 12.1655
P/S = 7.0025
P/B = 4.2179
P/EG = 1.17
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 = 11.76b USD (8.75b + Debt 3.01b - (null CCE))
Interest Coverage Ratio = 4.33 (Ebit TTM 836.1m / Interest Expense TTM 193.3m)
EV/FCF = 11.27x (Enterprise Value 11.76b / FCF TTM 1.04b)
FCF Yield = 8.87% (FCF TTM 1.04b / Enterprise Value 11.76b)
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 = 2.06 (Enterprise Value 11.76b / 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 = 8.22% (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 = 6.18% (E(8.75b)/V(11.76b) * Re(7.92%) + D(3.01b)/V(11.76b) * Rd(1.57%) * (1-Tc(0.28)))
Discount Rate = 7.92% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -0.20%
[DCF Debug] Terminal Value 87.43% ; FCFF base≈878.7m ; Y1≈1.08b ; Y5≈1.85b
Fair Price DCF = 96.68 (EV 49.06b - Net Debt 3.01b = Equity 46.05b / Shares 476.3m; r=6.18% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 9.28 | EPS CAGR: -46.91% | SUE: -4.0 | # QB: 0
Revenue Correlation: 96.65 | Revenue CAGR: 8.00% | SUE: 0.94 | # QB: 4
EPS next Quarter (2026-03-31): EPS=0.28 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=1.25 | Chg30d=+0.016 | Revisions Net=+1 | Growth EPS=+10.0% | Growth Revenue=+4.7%

Additional Sources for AM Stock

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