Antero Midstream Corporation (AM) Stock Price & Analysis
Antero Midstream Corporation (AM) closed at USD 20.61 on Thursday, October 22, 2026, down 0.67% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 20.75; the Oct 22, 2026 session ranged USD 19.98–20.96 on volume of 2,354,576 shares. Market capitalization is $9.78B, with a 52-week range of USD 16.96–23.84 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:25 UTC.
Also available as compact Markdown for AI agents: nexqual.com/AM.md
Key facts (AM)
- Last four reported quarters (through Jun 30, 2026): revenue $1.23B, net income $400M (32.4% margin) (SEC filings).
- Valuation: P/E 24.5x (avg 18.5x at the last 3 fiscal year-ends), EV/EBITDA 16.9x, net debt $3.57B.
- 2 of 80 tracked superinvestors hold AM (13F, Q2 2026): 0 new, 0 added, 1 reduced, 1 unchanged.
- Analysts: Hold (mean 3.13 on a 1–5 scale) (8 analysts), mean target USD 24 (range 22–26).
- Total return with dividends: 1Y +19.4% vs S&P 500 +14.9%; 5Y +152.9% vs S&P 500 +80.3%.
- Next earnings: 2026-10-28, EPS estimate USD 0.36, revenue estimate $341M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (AM)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $898M | $920M | $1.04B | $1.11B | $1.19B | $1.23B |
| Operating income | $555M | $539M | $612M | $659M | $645M | $652M |
| Net income | $332M | $326M | $372M | $401M | $413M | $400M |
| EPS (diluted) | $0.69 | $0.68 | $0.77 | $0.83 | $0.86 | — |
| Free cash flow | — | $483M | $779M | $774M | — | — |
| Operating margin | 61.8% | 58.6% | 58.7% | 59.6% | 54.2% | 52.8% |
| Net margin | 36.9% | 35.5% | 35.7% | 36.2% | 34.8% | 32.4% |
| Revenue growth | -0.3% | +2.4% | +13.2% | +6.2% | +7.4% | — |
| Cash + short-term investments | — | $0K | $66K | — | $180M | — |
| Total debt | $3.12B | $3.36B | $3.21B | $3.12B | $3.22B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (AM)
P/E 24.5x · P/S 7.9x · EV/EBITDA 16.9x · EV/Sales 10.8x · P/B 5.0x · Earnings yield 4.09% · Dividend yield (paid, TTM) 4.45% · Buyback yield (TTM) 1.19% · Net debt $3.57B · EV $13.3B
P/E at fiscal year-ends: Dec 2025 20.8x, Dec 2024 18.3x, Dec 2023 16.3x.
Superinvestors (SEC 13F-HR, Q2 2026) (AM)
2 of 80 tracked investors hold AM. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Glenn Greenberg | Brave Warrior Advisors | 0.90% | $41.5M | Reduced -0.9% |
| Kahn Brothers | Kahn Brothers Group | 0.05% | $269K | Unchanged |
Analysts (AM)
Consensus Hold (mean 3.13 on a 1–5 scale), 8 analysts; mean target USD 24 (low 22, high 26).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-21 | UBS | Target lowered | Neutral | $24 → $22 |
| 2026-08-03 | Wells Fargo | Target raised | Equal-Weight | $23 → $24 |
Total return (dividends reinvested) (AM)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +19.4% | +152.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +19.4% | +20.3% |
| Volatility (annualized) | 21.1% | 25.4% |
| Max drawdown | -13.8% (Mar 2026→Oct 2026) | -19.0% (Mar 2022→Jun 2022) |
Companies that name AM in their SEC reports
| Relationship to AM | Company | Filing | Sentence |
|---|---|---|---|
| partner | ANTERO RESOURCES Corp (AR) | 10-K Feb 11, 2026 | “Antero Midstream Partners.” |
AM analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.36 | $0.34 | +6.8% | $340.6M | 1 |
| Next quarter (ends Dec 2026) | $0.36 | $0.34 | +5.9% | $350.8M | 1 |
| Current fiscal year (ends Dec 2026) | $1.39 | $1.30 | +6.8% | $1.34B | 1 |
| Next fiscal year (ends Dec 2027) | $1.61 | $1.48 | +8.8% | $1.46B | 1 |
Key Statistics (as of October 23, 2026 at 09:25 UTC)
| Price | USD 20.61 |
|---|---|
| Change | ▼ 0.67% (down) |
| Previous Close | USD 20.75 |
| Open | USD 20.9 |
| Day Range | USD 19.98 – 20.96 |
| 52-Week Range | USD 16.96 – 23.84 |
| Volume | 2,354,576 shares |
| Market Cap | $9.78B |
| Exchange | NYQ |
Technical Analysis (AM)
Nexqual's technical model rates AM "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:25 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 42.41 (neutral) |
| vs SMA50 | Below (USD 21.5) |
| MACD | -0.23 (negative) |
Analyst Ratings (AM)
Wall Street analysts rate AM "Hold" based on 8 analysts, with a mean price target of USD 24 (range USD 22–26), per Nexqual as of October 23, 2026 at 09:25 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 8 |
| Mean Target | USD 24 |
| High Target | USD 26 |
| Low Target | USD 22 |
| Buy / Hold / Sell | 1 / 6 / 1 |
Earnings (AM)
| Next Earnings Date | 2026-10-28 |
|---|---|
| EPS Estimate | USD 0.36 |
| Revenue Estimate | $340.62M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.27 vs est 0.33 ▼ miss |
| 2026-03-31 | USD 0.29 vs est 0.3 ▼ miss |
| 2025-12-31 | USD 0.28 vs est 0.27 ▲ beat |
| 2025-09-30 | USD 0.27 vs est 0.29 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:25 UTC.
Financials & Fundamentals (AM)
| Total Revenue | $1.31B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +8.30% |
| Gross Margin | +79.64% |
| Operating Margin | +52.01% |
| Profit Margin | +30.45% |
| ROE | +19.82% |
| Debt / Equity | 1.86 |
| Current Ratio | 0.84 |
| Total Debt | $3.61B |
Source: Nexqual, October 23, 2026 at 09:25 UTC.
Financial Health Score (AM)
Nexqual rates Antero Midstream Corporation's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:25 UTC.
| Growth | Solid — Revenue +7% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 80%, operating 52% (last 12 months) |
| Balance Sheet | Critical — $0 cash and investments vs $3.57B debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $932M (FY ended Dec 2025, 10-K) |
| Efficiency | Solid — ROE 20%, ROA 7.6% |
Ownership (AM)
| Insider Ownership | +30.63% |
|---|---|
| Institutional Ownership | +60.91% |
| Shares Outstanding | 474.67M |
| Float | 329.75M |
| Short % of Float | +3.72% |
Source: Nexqual, October 23, 2026 at 09:25 UTC.
Leadership (AM)
Antero Midstream Corporation is led by Michael N. Kennedy, President, CEO & Director, per Nexqual as of October 23, 2026 at 09:25 UTC.
| President, CEO & Director | Michael N. Kennedy |
|---|---|
| CFO & VP of Finance | Justin James Agnew |
| Senior VP of Legal, Chief Compliance Officer, General Counsel, Secretary & Director | Yvette K. Schultz |
| Vice President of Investor Relations | Daniel Philip Katzenberg |
| Senior Vice President of Reserves, Planning & Midstream | W. Patrick Ash |
Major Backers & Investors (AM)
Notable institutional backers of Antero Midstream Corporation include Invesco, AIM Investment Fd.s -Invesco SteelPath MLP Income Fd., Tortoise Capital Advisors, LLC, according to Nexqual as of October 23, 2026 at 09:25 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Invesco | 4.37% |
| AIM Investment Fd.s -Invesco SteelPath MLP Income Fd. | 3.34% |
| Tortoise Capital Advisors, LLC | 2.15% |
| Mnged PORT. Series-Tortoise Energy Infrastructure Total Return Fd. | 1.74% |
| Neuberger Berman Group, LLC | 1.57% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 8.05% |
| Vanguard Group | 6.98% |
| State Street | 2.44% |
| Geode Capital | 2.18% |
| Dimensional Fund Advisors | 1.9% |
Source: Nexqual, October 23, 2026 at 09:25 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| KNTK | Kinetik Holdings Inc. | USD 54.64 | ▼ 1.89% |
| FRO | Frontline Plc | USD 51.22 | ▼ 0.14% |
| DTM | DT Midstream, Inc. | USD 123.4 | ▼ 0.87% |
| SOBO | South Bow Corporation | USD 34.57 | ▼ 0.52% |
| PAGP | Plains GP Holdings, L.P. | USD 27.93 | ▲ 0.04% |
| HESM | Hess Midstream LP | USD 30.04 | ▼ 3.32% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:25 UTC. This page is informational and not investment advice.
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