Stocks · Energy · Oil & Gas Midstream

Antero Midstream Corporation AM

$20.36 +0.49% Close, Oct 2, 2026 · NYSE · Market cap $9.66B

Low risk

Next earnings report: Oct 28, 2026

Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.

Three things to know

  1. The shares trade at 24.2× trailing earnings, higher than 90% of the company's own readings over the past five years.
  2. Net debt is 3.7× EBITDA, a high level of leverage.
  3. Revenue over the last four quarters was $1.31B, up 7.2% from a year earlier.

PromtFinance scores

Each score is a percentile within the Energy sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.

Growth40Weak

How fast revenue, earnings and cash flow are growing.

  • Revenue growth (TTM, YoY)Bottom 40%
  • EPS growth (TTM, YoY)Bottom 37%
  • FCF growth (TTM, YoY)Top 50%
  • Revenue growth, 3-year CAGRTop 29%
  • Revenue growth accelerationBottom 28%
Quality71Positive

Returns on capital, margins, earnings quality and balance-sheet strength.

  • Return on invested capitalTop 39%
  • Gross marginTop 16%
  • Operating marginTop 7%
  • Cash conversion (OCF / net income)Top 37%
  • Accruals (lower is better)Top 40%
  • Net debt / EBITDA (lower is better)Bottom 19%
  • Interest coverBottom 48%
Value21Very weak

How cheap the shares are relative to earnings, cash flow and their own history.

  • Earnings yieldBottom 46%
  • Free-cash-flow yieldTop 24%
  • EBITDA / enterprise valueBottom 28%
  • Sales / enterprise valueBottom 9%
  • P/E vs own 5-year history (lower is better)Bottom 6%
Momentum45Neutral

Strength and persistence of the price trend, including versus the S&P 500.

  • 12-month return excluding last monthBottom 42%
  • 6-month returnBottom 43%
  • 1-year return vs S&P 500Bottom 37%
  • Distance from 52-week highTop 37%
  • Trend checklist (0–4)Bottom 45%
Revisions6Very weak

Earnings surprises and analyst sentiment (estimate-revision history is being collected).

  • Average EPS surprise, last 4 quartersBottom 27%
  • Consecutive EPS beatsBottom 20%
  • Share of analysts rating BuyBottom 3%
  • Upside to consensus price targetBottom 33%
Stability91Exceptional

Low volatility, shallow drawdowns, low market sensitivity and modest leverage.

  • Volatility, 60 days (lower is better)Top 11%
  • Maximum drawdown, 3 yearsTop 1%
  • Beta vs S&P 500 (lower is better)Top 10%
  • Net debt / EBITDA (lower is better)Bottom 19%

What changed

Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).

MeasureBeforeNow
Revenue growth (YoY)8.1%7.2%↓
EPS growth (YoY)-1.1%-11.6%↓
Gross margin64.9%62.9%↓
Operating margin57.5%56.0%↓
FCF margin72.9%74.6%↑

Fundamental momentum

MeasureNow (TTM)Year / quarter beforeSector rank
Revenue growth (TTM, YoY)7.2%8.1%↓Bottom 40%
EPS growth (TTM, YoY)-11.6%-1.1%↓Bottom 37%
Gross margin62.9%64.9%↓Top 16%
Operating margin56.0%57.5%↓Top 7%
Net margin30.4%37.3%↓—
Free-cash-flow margin74.6%72.9%↑—
Return on invested capital8.6%—Top 39%
Revenue growth, 3-year CAGR8.3%—Top 29%

Quality of earnings and balance sheet

Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
2.40×
Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
-8.8%
Stock-based compensation / revenueA cost to shareholders through dilution.
3.3%
Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
+14.4 pp
Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
3.71×
Interest cover (operating income / interest)How many times operating profit covers interest.
3.6×

Shareholder returns

Dividend yield (dividends paid, TTM)
4.51%
Net buyback yield (TTM)
1.20%
Shareholder yield
5.71%
Share count change, 1 year
-1.1%
Share count change, 3-year CAGR
-0.3%

Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.

Based on the four quarters through Jun 30, 2026 (filed Jul 29, 2026).

Earnings and expectations

Earnings momentum

Consecutive EPS beats
0
Beats in the last 8 reports
2 of 8
Average EPS surprise, last 4
-18.2%
Average 2-day reaction, last 8
-0.1%
Positive 20 days after report
6 of 8

Analysts

Consensus price target
$23.75
Target vs current price
+16.7%
Analysts with a rating
17
Share rating Buy or Strong Buy
12%
Consensus rating
Hold

How the stock reacted to recent reports

Report dateEPS surprise2 days5 days20 days60 days
Jul 29, 2026-10.8%-1.1%+0.5%+0.7%—
Apr 29, 2026-3.8%+0.1%-0.4%-2.5%+4.1%
Feb 11, 2026-54.2%+2.7%+5.4%+16.2%+6.7%
Oct 29, 2025-4.0%-0.5%-2.4%-0.1%+6.1%
Jul 30, 2025+5.3%+0.9%+9.0%+4.7%+6.2%
Apr 30, 2025+9.1%-2.2%+3.5%+11.4%+0.9%
Feb 12, 2025-4.2%-1.6%+4.0%+5.2%+10.6%
Oct 30, 2024-8.7%+0.8%-1.8%+6.7%+6.3%

Returns from the close before each report. Past reactions do not determine future ones.

Earnings history

Report dateEPSEstimateSurpriseRevenue
Jul 29, 2026$0.24$0.27-10.8%$327.2M
Apr 29, 2026$0.25$0.26-3.8%$314.2M
Feb 11, 2026$0.11$0.24-54.2%$297.0M
Oct 29, 2025$0.24$0.25-4.0%$312.5M
Jul 30, 2025$0.26$0.25+5.3%$323.1M
Apr 30, 2025$0.25$0.23+9.1%$308.8M
Feb 12, 2025$0.23$0.24-4.2%$305.1M
Oct 30, 2024$0.21$0.23-8.7%$287.5M

Valuation in context

MultipleNow5-year median5-year percentileSector rank (cheapness)
P/E (trailing)24.2×16.8×90thBottom 46%
P/E (forward)18.6×———
EV / EBITDA13.6×——Bottom 28%
EV / Sales10.11×——Bottom 9%
Free-cash-flow yield10.14%——Top 24%
Earnings yield4.13%——Bottom 46%

P/E over the past five years

Range 13.5× – 25.6× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.

What moved the stock over the past year

Price return, 1 year
+4.9%
Earnings per share growth (TTM)
-11.6%
Change in P/E multiple
+42.0%

Most of the move came from a change in the valuation multiple.

Technical state

Trend checklist

  • ✗ Price above 20-day average
  • ✗ Price above 50-day average
  • ✗ Price above 200-day average
  • ✓ 50-day average above 200-day
  • ✗ MACD histogram positive

Trend quality

Days above the 50-day average
0
Days above the 200-day average
0
50-day average slope (20 days)
-2.3%
200-day average slope (20 days)
+1.6%
Distance from 50-day average
-6.6%
Distance from 200-day average
-4.3%
RSI (14)
32.1
Relative volume
1.23×

Risk and drawdowns

Volatility, 60 days (annualized)
21.9%
Volatility vs own 5-year history
39th percentile · Normal for this stock
Beta vs S&P 500 (2 years, weekly)
0.06
Correlation with S&P 500
0.04
Current drawdown from 1-year high
-13.7%
Maximum drawdown, 3 years
-14.6%

Largest declines in the past six years

From peakTo lowDeclineLengthRecovery
Oct 25, 2021Sep 26, 2022-24.2%231 days197 days (Jul 11, 2023)
Jul 1, 2021Aug 18, 2021-17.8%33 days27 days (Sep 27, 2021)
Oct 23, 2020Nov 6, 2020-16.8%10 days7 days (Nov 17, 2020)
Mar 25, 2026Sep 30, 2026-14.6%130 daysNot yet recovered
Apr 2, 2025Apr 10, 2025-14.0%6 days23 days (May 14, 2025)

Declines of 10% or more from a closing high, measured on daily closes.

Financial statements

Market cap
$9.66B
P/E (TTM)
24.2
EPS, diluted (TTM)
$0.84
Revenue (TTM)
$1.31B
Dividend yield
4.42%
52-week range
$16.96 – $23.84
FY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$968.9M$990.7M$1.11B$1.18B$1.26B
Gross profit$632.3M$608.0M$692.5M$748.2M$822.2M
Operating income$555.3M$539.5M$611.9M$659.2M$644.7M
Net income$331.6M$326.2M$371.8M$400.9M$413.2M
EPS (diluted)$0.69$0.68$0.77$0.83$0.86
Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Revenue$287.5M$305.1M$308.8M$323.1M$312.5M$314.7M$335.4M$350.0M
Net income$99.7M$111.2M$120.7M$124.5M$116.0M$51.9M$118.3M$113.5M
EPS (diluted)$0.21$0.23$0.25$0.26$0.24$0.11$0.25$0.24
FY 2021FY 2022FY 2023FY 2024FY 2025
Operating cash flow$709.8M$699.6M$779.1M$844.0M$932.5M
Capital expenditure-$232.8M-$515.6M-$184.0M-$242.3M-$162.3M
Free cash flow$476.9M$184.0M$595.1M$601.7M$770.2M
Dividends paid-$471.2M-$432.8M-$435.4M-$437.6M-$439.0M
Net share buybacks-$5.0M-$6.9M-$8.5M-$28.7M-$135.0M

Cash outflows are shown as negative numbers.

Cash and short-term investments
$0
Total assets
$6.36B
Total liabilities
$4.42B
Total debt
$3.61B
Net debt
$3.61B
Shareholders’ equity
$1.95B

As of Jun 30, 2026 (filed Jul 29, 2026).

Dividends

Ex-dateAmountPaid
Jul 29, 2026$0.23Aug 12, 2026
Apr 29, 2026$0.23May 13, 2026
Jan 28, 2026$0.23Feb 11, 2026
Oct 22, 2025$0.23Nov 5, 2025
Jul 23, 2025$0.23Aug 6, 2025
Apr 23, 2025$0.23May 7, 2025
Jan 29, 2025$0.23Feb 12, 2025
Oct 23, 2024$0.23Nov 6, 2024

Short interest

Shares sold short
12,080,301
Days to cover
5.70
Change vs previous report
+9.0%

FINRA short interest, settlement date Sep 15, 2026.