Companies /Energy

Antero Midstream Corp

NYSE: AM Oil & Gas Midstream
$20.75
▼ $0.35 (−1.66%) today
Markets closed · 5:20pm ET

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AM at a Glance

Valuation
Market cap
$9.9B
P/E ratio
25.1
Dividend yield
4.32%
Profitability
Revenue (TTM)
$1.3B
Profit margin
30.4%
EPS (TTM)
$0.83
Price
52-week range
$16 – $23
24/7 target
$24.18
Street target
$24.00
Earnings
Next report
Oct 28, 2026
Q2 2026 EPS
$0.27
vs. $0.33 est.
−18.1%

Headquartered in Denver, CO Fiscal year ends December NYSE: AM anteromidstream.com

About Antero Midstream

Antero Midstream Corporation (NYSE: AM) owns, operates and develops midstream gathering, compression, processing and fractionation assets in the Appalachian Basin, along with integrated water assets that primarily serve Antero Resources Corporation (NYSE: AR). It reports two segments.

Gathering and Processing covers low and high pressure gathering, centralized and well pad compression, and a joint venture with processing and fractionation capacity. That joint venture averaged about 1.6 Bcf/d of processing and 40 MBbl/d of fractionation in Q3 2026.

Water Handling covers fresh water delivery under a fixed-fee services agreement with Antero Resources, plus other fluid handling and high rate water transfer services charged at cost plus 3% or cost of service.

Nearly all revenue comes from fee-based contracts with Antero Resources, with annual CPI-based fee adjustments. In 2026 the company acquired HG Midstream to service acreage Antero Resources acquired from HG Production, and it is integrating that water system with its legacy network. It is also building East Side Express, its first regional connectivity expansion project. The company returns capital through dividends and share repurchases while managing leverage, which was 2.8x net debt to last-twelve-month Adjusted EBITDA as of September 30, 2026. Updated

Revenue by Segment · Q2 2026
  1. Gathering and Processing79%
  2. Water Handling21%

Latest Activity

AMAntero Midstream
Q3 2026
EPS
$0.28
est $0.36-23.0%
Revenue
$327M
est $341M-4.0%

A $377 million Clearwater litigation win funded a $370 million raise to 2026 adjusted free cash flow guidance, even as adjusted earnings and revenue came in missing expectations.

Quarterly EPS — reported vs estimate

AM Coverage

Frequently Asked Questions

What does Antero Midstream do?

Antero Midstream Corporation (NYSE: AM) owns, operates and develops midstream gathering, compression, processing and fractionation assets in the Appalachian Basin, along with integrated water assets that primarily serve Antero Resources Corporation (NYSE: AR). It reports two segments.

What is the AM stock price target?

24/7 Wall St.'s 12-month price target for AM is $24.18, rated Buy. The Wall Street consensus target is $24.00. AM price prediction →