AM
Antero Midstream Corp
$22.50
▼ 0.4%Updated Today 3:42 PM ET
AM at a glance — five pillars scored 0–100 from real filed financials.
Overall: Neutral · 55/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 23.9% over the last 12 months
Market Cap
$10.67B
P/E
25.98x
Forward P/E (est.)
26.17x
ROE
20.4%
Revenue Growth
8.3%
EPS Growth
-0.8%
Profit Margin
33.9%
FCF Yield
5.2%
Debt / Equity
1.63x
ROIC
9.0%
Interest Coverage
—
Current Ratio
0.99x
Dividend Yield
4.0%
Implied Growth (rev. DCF)
—
Rating Score
55/100
Antero Midstream Corp (AM) is a large-cap company in the Energy industry, part of the Energy sector of the S&P 500, with a market value around $10.67B.
In its latest reported year it generated about $1.19B in revenue.
Our model rates AM Neutral (55/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (10 years of history).
Some durable-advantage evidence, but not across the board — dig into which ingredient is weak and whether it's cyclical or structural.
57.5% average over the last 3 years
±52.8 pts around 23.5% across 10 years
grew in 8 of the last 9 year-over-year periods
positive in 10 of 10 years
9.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what AM's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. AM trades near $22.50, above its 50-day average ($21.74) and 200-day average ($20.09). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 62 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. AM's is $0.49 (~2.2% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month AM found buyers near $21.05 (support) and sellers near $23.21 (resistance); its 52-week range is $16.77–$23.83. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.2× the 20-day average — lighter than usual, so the move carries less conviction. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
7.3%
Revenue moved from $16.94M in 2016 to $1.19B in 2025, a 60.4% compound annual growth rate. The most recent year grew a steady 8.3% year over year. Slower, mature growth is common for established businesses.
Gross Margin
—
Operating Margin
54.2%
Net Margin
33.9%
ROE
20.4%
Antero Midstream Corp keeps about 33.9% of each sales dollar as net profit. Return on equity is 20.4% and return on invested capital about 9.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$3.67B
Net Debt
$3.49B
Net Debt / EBITDA
5.41x
Debt / Equity
1.63x
Leverage: debt-to-equity is 1.6x, with a current ratio of 1.0x. That is elevated leverage, which raises risk if earnings or rates move against it. It carries roughly $3.67B of total debt against $180.44M of cash.
Operating CF
$932.46M
Free Cash Flow
$932.46M
FCF Margin
78.5%
In the latest year Antero Midstream Corp produced about $932.46M of operating cash flow and $932.46M of free cash flow after capital spending. That is a free-cash-flow yield of about 5.2% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
The dividend is being paid, but coverage or consistency is thinner than an income investor should rely on without a closer look.
Dividend yield
4.0%
Total paid (latest FY)
$439.01M
History on record
9 years
dividend uses 47% of free cash flow
total dividends increased 3 years in a row
payout was cut at least once in the last 9 years
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
25.98x
P/S
8.98x
P/B
4.3x
EV / EBITDA
18.78x
AM trades at 26.0x trailing earnings (about 26.2x on estimated forward earnings), 9.0x sales, and 4.3x book value. That is a premium multiple that needs growth to justify it.
Where AM sits versus its Energy sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 47 Energy companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How AM stacks up against its Energy peers — valuation, profitability, and growth versus the sector median.
In the Energy sector (57 S&P 500 companies), AM ranks #21 of 57 by our overall rating. It trades at a premium versus the sector on earnings (26x P/E vs. 19.3x median) with a higher return on equity (20.4% vs. 13.3%) and faster revenue growth (8.3% vs. 0.7%).
P/E vs sector
26x
median 19.3x
ROE vs sector
20.4%
median 13.3%
Growth vs sector
8.3%
median 0.7%
Sector rank
#21
of 57 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Energy companies by sub-industry and size. Sector median is across all 57 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $22.50 today · expected CAGR -2% – 8%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $1.28B | $1.39B | $1.50B | $1.62B | $1.75B |
| Net income | $436.39M | $471.30M | $509.01M | $549.73M | $593.70M |
| EPS | $0.92 | $0.99 | $1.07 | $1.16 | $1.25 |
| Share price (low) | $14.73 | $15.90 | $17.18 | $18.55 | $20.03 |
| Share price (high) | $23.93 | $25.84 | $27.91 | $30.15 | $32.56 |
| CAGR (low–high) | -35% / 6% | -16% / 7% | -9% / 7% | -5% / 8% | -2% / 8% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for AM:
- High net margins (33.9%) point to pricing power or efficiency.
- Strong return on equity (20.4%) shows capital is put to work well.
- Healthy free-cash-flow yield (~5.2%) funds buybacks and dividends.
- Pays a 4.0% dividend on top of any price gains.
The case against AM:
- Elevated leverage (debt/equity 1.6x) adds financial risk.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Balance-sheet risk — debt/equity of 1.6x magnifies the impact of higher rates or weaker earnings.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Antero Midstream Corp is a large-cap energy business growing at a mature pace, with solid profitability, and a heavier debt load to watch. It trades at 26.0x earnings, which our model scores Neutral (55/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 16 Wall Street analysts covering AM recommend (July 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Latest SEC Filings
AM's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
In the Idea Lab
AM — frequently asked questions
Is AM a good stock to buy?
We don't give buy or sell advice. Our model rates Antero Midstream Corp Neutral (55/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is AM's rating on The Stocks School?
Antero Midstream Corp currently scores 55/100 (Neutral) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does AM's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Antero Midstream Corp's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for AM calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this AM analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell AM. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.