AM Stock Analysis: Antero Midstream | NYSE
Oil & Gas Midstream | NYSE, USA | Market Cap: 10.692m USD | 12M Return: 34.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 46.9M
EPS Trend: 97.8%
Qual. Beats: 0
Rev. Trend: 99.4%
Qual. Beats: 6
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 9.1 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Antero Midstream Corporation (NYSE: AM) is a Denver-based midstream energy company that owns, operates, and develops infrastructure in the Appalachian Basin, primarily serving production from Antero Resources wells in West Virginia and Ohio. The company is organized into two segments: Gathering and Processing, which includes a network of gathering pipelines and compressor stations that collect natural gas and NGLs, and Water Handling, which manages the sourcing, transportation, transfer, and disposal of water and other fluids using pipelines, storage facilities, pumping stations, and blending facilities. Founded in 2002 and public since its 2014 IPO, Antero Midstream operates as a fee-based service provider within the GICS Energy sector, generating revenue largely through long-term contracts with its anchor customer, Antero Resources, which helps insulate the business from direct commodity price exposure. The Water Handling segment reflects a growing industry focus on managing the substantial volumes of flowback and produced water associated with shale production in the basin.
- Antero Resources drilling activity drives gathering throughput volumes
- Water handling revenue grows with produced water management demand
- Natural gas prices weaken producer drilling and midstream volumes
- Capital returns supported by long term contracts and fee based structure
| Net Income: 410.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA -0.25 > 1.0 |
| NWC/Revenue: -0.18% < 20% (prev 3.15%; Δ -3.33% < -1%) |
| CFO/TA 0.15 > 3% & CFO 972.1m > Net Income 410.7m |
| Net Debt (3.58b) to EBITDA (969.7m): 3.69 < 3 |
| Current Ratio: 0.99 > 1.5 & < 3 |
| Outstanding Shares: last quarter (478.0m) vs 12m ago -1.32% < -2% |
| Gross Margin: 64.52% > 18% (prev 64.07%; Δ 0.45% > 0.5%) |
| Asset Turnover: 21.15% > 50% (prev 20.67%; Δ 0.48% > 0%) |
| Interest Coverage Ratio: 3.87 > 6 (EBIT TTM 759.3m / Interest Expense TTM 196.0m) |
| A: -0.00 (Total Current Assets 154.9m - Total Current Liabilities 157.2m) / Total Assets 6.41b |
| B: 0.02 (Retained Earnings 104.2m / Total Assets 6.41b) |
| C: 0.12 (EBIT TTM 759.3m / Avg Total Assets 6.08b) |
| D: 0.43 (Book Value of Equity 1.94b / Total Liabilities 4.47b) |
| Altman-Z'' = 1.34 = BB |
| DSRI: 1.09 (Receivables 147.1m/124.9m, Revenue 1.29b/1.19b) |
| GMI: 0.99 (GM 64.07% / 64.52%) |
| AQI: 1.17 (AQ_t 0.35 / AQ_t-1 0.30) |
| SGI: 1.08 (Revenue 1.29b / 1.19b) |
| TATA: -0.09 (NI 410.7m - CFO 972.1m) / TA 6.41b) |
| Beneish M = -2.81 (Cap -4..+1) = A |
As of July 28, 2026, the stock is trading at USD 21.97 with a total of 1,843,865 shares traded. Over the past week, the price has changed by -2.79%, over one month by -3.64%, over three months by +2.87% and over the past year by +34.85%.
Current recommended Stop Loss: 21.20 (which is 3.5% or 1.5 ATR below the current price).
Antero Midstream has received a consensus analysts rating of 2.63. Therefore, it is recommended to hold AM.
- StrongBuy: 0
- Buy: 0
- Hold: 6
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 24.1 | 9.9% |
P/E Trailing = 26.1744
P/E Forward = 15.2439
P/S = 8.3158
P/B = 5.5434
P/EG = 1.17
Revenue TTM = 1.29b USD
EBIT TTM = 759.3m USD
EBITDA TTM = 969.7m USD
Long Term Debt = 3.67b USD (from longTermDebt, last quarter)
Short Term Debt = 13.2m USD (from shortTermDebt, last quarter)
Debt = 3.76b USD (from shortLongTermDebtTotal, last quarter) + Leases 46.6m
Net Debt = 3.58b USD (calculated: Debt 3.76b - CCE 180.4m)
Enterprise Value = 14.3b USD (10.7b + Debt 3.76b - CCE 180.4m)
Interest Coverage Ratio = 3.87 (Ebit TTM 759.3m / Interest Expense TTM 196.0m)
EV/FCF = 15.58x (Enterprise Value 14.3b / FCF TTM 916.0m)
FCF Yield = 6.42% (FCF TTM 916.0m / Enterprise Value 14.3b)
FCF Margin = 71.24% (FCF TTM 916.0m / Revenue TTM 1.29b)
Net Margin = 31.94% (Net Income TTM 410.7m / Revenue TTM 1.29b)
Gross Margin = 64.52% ((Revenue TTM 1.29b - Cost of Revenue TTM 456.2m) / Revenue TTM)
Gross Margin QoQ = 62.27% (prev 66.48%)
Tobins Q-Ratio = 2.23 (Enterprise Value 14.3b / Total Assets 6.41b)
Interest Expense / Debt = 5.21% (Interest Expense 196.0m / Debt 3.76b)
Taxrate = 27.09% (152.6m / 563.3m)
NOPAT = 553.6m (EBIT 759.3m * (1 - 27.09%))
Current Ratio = 0.99 (Total Current Assets 154.9m / Total Current Liabilities 157.2m)
Debt / Equity = 1.94 (Debt 3.76b / totalStockholderEquity, last quarter 1.94b)
Debt / EBITDA = 3.69 (Net Debt 3.58b / EBITDA 969.7m)
Debt / FCF = 3.91 (Net Debt 3.58b / FCF TTM 916.0m)
Total Stockholder Equity = 2.02b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.76% (Net Income 410.7m / Total Assets 6.41b)
RoE = 20.38% (Net Income TTM 410.7m / Total Stockholder Equity 2.02b)
RoCE = 13.36% (EBIT 759.3m / Capital Employed (Equity 2.02b + L.T.Debt 3.67b))
RoIC = 8.93% (NOPAT 553.6m / Invested Capital 6.20b)
WACC = 6.37% (E(10.7b)/V(14.5b) * Re(7.27%) + D(3.76b)/V(14.5b) * Rd(5.21%) * (1-Tc(0.27)))
Discount Rate = 7.27% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -71.96 | Cagr: -0.53%
[DCF] Terminal Value 76.60% ; FCFF base≈884.3m ; Y1≈957.3m ; Y5≈1.18b
[DCF] Fair Price = 30.48 (EV 18.1b - Net Debt 3.58b = Equity 14.5b / Shares 475.0m; r=8.35% [WACC [floored]]; 5y FCF grow 9.44% → 2.50% )
EPS Correlation: 97.82 | EPS CAGR: 12.92% | SUE: -0.38 | # QB: 0
Revenue Correlation: 99.40 | Revenue CAGR: 6.83% | SUE: 1.25 | # QB: 6
EPS current Quarter (2026-06-30): EPS=0.31 | Chg30d=-3.17% | Revisions=+40% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.34 | Chg30d=-1.03% | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=1.28 | Chg30d=-1.38% | Revisions=+0% | GrowthEPS=+14.5% | GrowthRev=+8.9%
EPS next Year (2027-12-31): EPS=1.48 | Chg30d=-0.58% | Revisions=+0% | GrowthEPS=+15.5% | GrowthRev=+7.1%
[Analyst] Revisions Ratio: +10% (up=4, down=3)