Antero Midstream Corporation
AM · Price history
Price at last available close
$21.10
+$0.40 (+1.93%) 1M
2026-10-27
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Company & revenue
About Antero Midstream Corporation
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Antero Midstream Corporation primarily owns, operates, and expands vital midstream energy infrastructure. Its operations are divided into two key divisions: Gathering and Processing, and Water Handling. The Gathering and Processing segment involves a comprehensive network of pipelines and compressor stations that are crucial for collecting and treating natural gas output from Antero Resources' wells situated across West Virginia and Ohio.
How they make money
Antero Midstream generates revenue primarily by providing gathering, compression, and water handling services to Antero Resources under long-term, fixed-fee contracts. The company also earns income through its ownership interests in processing and fractionation joint ventures that support the movement of natural gas and natural gas liquids from the Appalachian Basin to market.
Products & services
Midstream energy infrastructure services including natural gas gathering, compression, water handling, and interests in processing and fractionation facilities.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Exploration and production companiesSource
Disclosed major customers
- Antero ResourcesSource
Customer concentration
Substantially all of the company's revenue is derived from Antero Resources as of the fiscal year ended December 31, 2025.
Suppliers, materials & equipment
- Unnamed third-party contractors — Providers of construction, maintenance, and operational services for midstream infrastructure.Source
Business relationships & partnerships
- MarkWest (subsidiary of MPLX, LP) — A joint venture established in 2017 to develop processing and fractionation assets in the Appalachian Basin.Source
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
39
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
61
Fair
Financial Strength
60
Business Quality / Moat
63
Management
73
Growth Quality
34
Risk / Durability
73
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
43
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
48/100
Building Historical Record
Model Score 48/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Recent buyback activity is present
- •M&A headline · Aug 24, 2026
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for AM
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can AM maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is AM's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is AM's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What future growth or profitability would be needed to justify AM's current valuation?
Essential Investment Snapshot
Wall Street Score
39
Opportunity Score
43
Market Cap
$10.02B
P/E Ratio
24.0
EPS
$0.84
52-Week High
$23.84
52-Week Low
$16.96
Beta
0.63
Intrinsic Value
$21.12
Analyst Target
$24.00
Shares Outstanding
482.2M
Total Revenue
$1.31B
Total Debt
$3.61B
Dividend Yield (TTM)
3.20%
Liquidation Value / Share
$4.03
Dividend / Share (TTM)
$0.68
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for AM
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
M&A headline · Aug 24, 2026
Great Lakes Advisors LLC Acquires Shares of 26,938 Antero Midstream Corporation $AM — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Defense WorldCommunity Sentiment
0 active · 0 total callsNo personal call yet on AM.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Long-term, fixed-fee contracts with Antero Resources.
- +Integrated midstream asset base in the Appalachian Basin.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Oil & Gas Midstream industry.
- −High dependency on Antero Resources for substantially all revenue.
- −Operational hazards and natural disasters.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
5 historical score records availablePrevious Score
37
Sep 8, 2026
Change
+2.1
points
Current Score
39
Oct 1, 2026
Category Changes
AM increased 2.1 points because Capital improved by 3 points, Valuation improved by 8 points.
Positive Contributors
- + Capital improved by 3 points
- + Valuation improved by 8 points
Projected Score
Projected Score
37
Projected Change
-2.0 points
Preliminary comparable-period financial changes suggest decline of approximately 2.0 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Near Fair ValueCurrent Price
$21.10
Model Intrinsic Value
$21.12
Difference
−$0.02
-0.1% vs IV
Margin of Safety
0.1%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.31B | $1.26B | $1.18B | $1.11B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $486.7M | $436.9M | $428.6M | $419.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $825.9M | $822.2M | $748.2M | $692.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $87.7M | $87.9M | $86.1M | $71.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $90.0M | $177.5M | $89.1M | $80.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $972.6M | $937.3M | $966.3M | $924.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $735.7M | $644.7M | $659.2M | $611.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $203.7M | $190.4M | $207.0M | $217.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $549.3M | $564.2M | $548.6M | $500.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $149.6M | $151.0M | $147.7M | $128.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $399.7M | $413.2M | $400.9M | $371.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $0.84 | $0.86 | $0.83 | $0.77 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 475M | 478M | 481M | 482M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 477M | 482M | 485M | 482M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$350.0M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.24
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+19.4%
Cash Change
Not available
Margin Change
-6.1 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Weakened
- Margins contracted
- Debt increased
Potential Score Impact
Positive indicators included revenue growth. Pressure indicators included EPS growth, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 8.3%. EPS declined 7.7%. Total debt increased 19.4%. Net income margin declined by 6.1 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
32
Smart Money
32
Number of Gurus
2
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
5 historical recordsHistorical Score Chart
3 of 5 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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165,422 Shares in Antero Midstream Corporation $AM Bought by Bank of Nova Scotia
Rumor Mill · AM
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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