Antero Midstream Corp (AM) Financial Statements
Industry: Natural Gas Transmission
In fiscal 2025, Antero Midstream reported revenue of $1.19B, up 7.4% from $1.11B the year before. Net income was $413.2M (a 34.8% net margin), or $0.86 per diluted share. Operating margin was 54.2%. Operating activities generated $932.5M of cash, leaving $862.5M of free cash flow. At fiscal year end, Antero Midstream held $5.88B in total assets against $3.91B in total liabilities, including $180.4M of cash and equivalents.
Open the full interactive Antero Midstream financials → Quarterly statements, key ratios, valuation history and price charts.
Antero Midstream Key Stats
| Share Price | $21.08 |
|---|---|
| Market Cap | $10.06B |
| P/E Ratio | 24.5 |
| Revenue YoY Growth | +7.4% |
| 52-Week Range | $16.60 – $23.12 |
| Shares Outstanding | 474.9 million (basic, 2026 Q2) |
Antero Midstream Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $900.7M | $898.2M | $920.0M | $1.04B | $1.11B | $1.19B |
| Operating Income | -$117.6M | $555.3M | $539.5M | $611.9M | $659.2M | $644.7M |
| Pre-Tax Income | -$178.2M | $448.7M | $443.7M | $500.1M | $548.6M | $564.2M |
| Income Tax | -$55.7M | $117.1M | $117.5M | $128.3M | $147.7M | $151.0M |
| Net Income | -$122.5M | $331.6M | $326.2M | $371.8M | $400.9M | $413.2M |
| Diluted EPS | -$0.26 | $0.69 | $0.68 | $0.77 | $0.83 | $0.86 |
Antero Midstream Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $294.8M | $297.0M | $314.2M | $327.2M |
| Net Income | $116.0M | $51.9M | $118.3M | $113.5M |
| Diluted EPS | $0.24 | $0.11 | $0.25 | $0.24 |
Antero Midstream Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $640,000 | — | — | $66,000 | — | $180.4M |
| Current Assets | $93.9M | $83.8M | $89.0M | $91.1M | $118.1M | $379.9M |
| Total Assets | $5.61B | $5.54B | $5.79B | $5.74B | $5.76B | $5.88B |
| Current Liabilities | $94.0M | $114.0M | $102.1M | $96.4M | $100.6M | $111.5M |
| Total Long-Term Debt | $3.09B | $3.12B | $3.36B | $3.21B | $3.12B | $3.22B |
| Total Liabilities | $3.19B | $3.26B | $3.60B | $3.59B | $3.65B | $3.91B |
| Shareholders' Equity | $2.42B | $2.29B | $2.19B | $2.15B | $2.12B | $1.97B |
Antero Midstream Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $753.4M | $709.8M | $699.6M | $779.1M | $844.0M | $932.5M |
| Cash From Investing | -$219.2M | -$233.2M | -$493.8M | -$183.2M | -$242.7M | -$169.2M |
| Cash From Financing | -$534.7M | -$477.1M | -$205.8M | -$595.8M | -$601.3M | -$500.3M |
| Free Cash Flow | $595.5M | — | $482.9M | $778.8M | $774.0M | $862.5M |
Figures from Antero Midstream's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Antero Midstream financials page for every line item.
Antero Midstream Company Profile
| Ticker | AM |
|---|---|
| Exchange | NYSE |
| Industry | Natural Gas Transmission |
| Headquarters | Denver, Colorado |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001623925 |
Frequently Asked Questions
What was Antero Midstream's revenue in fiscal 2025?
Antero Midstream (AM) reported revenue of $1.19B for fiscal 2025.
What is Antero Midstream's annual revenue history?
Antero Midstream's annual revenue by fiscal year: 2020: $900.7M; 2021: $898.2M; 2022: $920.0M; 2023: $1.04B; 2024: $1.11B; 2025: $1.19B.
What was Antero Midstream's net income in fiscal 2025?
Antero Midstream reported net income of $413.2M for fiscal 2025.
What was Antero Midstream's earnings per share (EPS) in fiscal 2025?
Antero Midstream's diluted EPS was $0.86 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Antero Midstream generate in fiscal 2025?
Antero Midstream generated $862.5M of free cash flow in fiscal 2025.
What was Antero Midstream's revenue last quarter?
In its most recent reported quarter (2026 Q2), Antero Midstream reported revenue of $327.2M.
How much debt does Antero Midstream have?
Antero Midstream reported $3.22B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Antero Midstream are outstanding?
Antero Midstream reported a weighted average of 474.9 million basic shares outstanding in 2026 Q2.
What is Antero Midstream's market cap?
Based on its latest closing price, Antero Midstream (AM) has a market capitalization of about $10.06B.
When does Antero Midstream's fiscal year end?
Antero Midstream's fiscal year end, as registered with the SEC, is December 31.
Where is Antero Midstream headquartered?
Antero Midstream lists its business address in Denver, Colorado in its SEC filings.