Antero Midstream Corp (AM) stock
AMNYSENatural Gas TransmissionFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 28, 2026Score 7/3012% below fair value
$20.40+0.38 (+1.90%)
Close on Nov 12, 2026Market cap $9.64BP/E 14.4Yield –
Antero Midstream operating margin
Operating margin is operating income as a percentage of revenue.
Antero Midstream's operating margin for the twelve months ending Sep 30, 2026 was 81.3%. For fiscal 2025 it was 54.2%, against 59.6% the year before. The highest annual figure on record is 95.2% in fiscal 2016.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 54.2% | −5.3 |
| FY2024 | Dec 31, 2024 | 59.6% | +0.9 |
| FY2023 | Dec 31, 2023 | 58.7% | +0.1 |
| FY2022 | Dec 31, 2022 | 58.6% | −3.2 |
| FY2021 | Dec 31, 2021 | 61.8% | +74.9 |
| FY2020 | Dec 31, 2020 | -13.1% | +37.2 |
| FY2019 | Dec 31, 2019 | -50.3% | −19.6 |
| FY2018 | Dec 31, 2018 | -30.7% | +28.3 |
| FY2017 | Dec 31, 2017 | -59.0% | −154.2 |
| FY2016 | Dec 31, 2016 | 95.2% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 170.4% | +109.2 |
| Q2 FY2026 | Jun 30, 2026 | 55.6% | −5.4 |
| Q1 FY2026 | Mar 31, 2026 | 60.0% | −0.8 |
| Q4 FY2025 | Dec 31, 2025 | 33.8% | −28.0 |
| Q3 FY2025 | Sep 30, 2025 | 61.2% | +1.0 |
| Q2 FY2025 | Jun 30, 2025 | 61.0% | +4.4 |
| Q1 FY2025 | Mar 31, 2025 | 60.9% | +1.3 |
| Q4 FY2024 | Dec 31, 2024 | 61.8% | +2.0 |
| Q3 FY2024 | Sep 30, 2024 | 60.2% | −1.3 |
| Q2 FY2024 | Jun 30, 2024 | 56.6% | +0.3 |
| Q1 FY2024 | Mar 31, 2024 | 59.6% | +2.4 |
| Q4 FY2023 | Dec 31, 2023 | 59.8% | +0.2 |
| Q3 FY2023 | Sep 30, 2023 | 61.5% | +1.9 |
| Q2 FY2023 | Jun 30, 2023 | 56.3% | +0.3 |
| Q1 FY2023 | Mar 31, 2023 | 57.2% | −1.9 |
| Q4 FY2022 | Dec 31, 2022 | 59.7% | +0.3 |
| Q3 FY2022 | Sep 30, 2022 | 59.6% | −3.5 |
| Q2 FY2022 | Jun 30, 2022 | 56.1% | −8.9 |
| Q1 FY2022 | Mar 31, 2022 | 59.1% | −0.5 |
| Q4 FY2021 | Dec 31, 2021 | 59.4% | +3.0 |
| Q3 FY2021 | Sep 30, 2021 | 63.1% | +146.0 |
| Q2 FY2021 | Jun 30, 2021 | 65.0% | +145.6 |
| Q1 FY2021 | Mar 31, 2021 | 59.6% | +196.6 |
| Q4 FY2020 | Dec 31, 2020 | 56.4% | +10.4 |
| Q1 FY2020 | Jun 30, 2020 | -83.0% | −102.6 |
| Q4 FY2019 | Dec 31, 2019 | -80.6% | −53.0 |
| Q3 FY2019 | Sep 30, 2019 | -137.0% | −108.5 |
| Q2 FY2019 | Jun 30, 2019 | 46.0% | +80.7 |
| Q1 FY2019 | Mar 31, 2019 | 19.6% | +53.2 |
| Q4 FY2018 | Dec 31, 2018 | -27.5% | +203.4 |
| Q3 FY2018 | Sep 30, 2018 | -28.6% | −81.7 |
| Q2 FY2018 | Jun 30, 2018 | -34.7% | −51.0 |
| Q1 FY2018 | Mar 31, 2018 | -33.6% | – |
| Q4 FY2017 | Dec 31, 2017 | -230.9% | – |
| Q3 FY2017 | Sep 30, 2017 | 53.2% | – |
| Q2 FY2017 | Jun 30, 2017 | 16.3% | – |
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