InsiderClue
Stocks · Energy · Natural Gas Transmission

Antero Midstream Corp

AM Clue Score60
United States Fiscal year ends December CIK 0001623925
$21.11 +0.09% Close, 12 Oct 2026
Alert on the numbers Alert on insider trades
Price $21.11 +91.91% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue16.9Operating income16.1Net income9.7Fiscal year 2017Revenue69.7 +311.5%Operating income−41.1Net income4.9 −49.1%Fiscal year 2018Revenue142.9 +105.0%Operating income−43.9Net income66.6 +1,248.6%EPS, diluted0.33Fiscal year 2019Revenue792.6 +454.6%Operating income−398.5Net income−355.1 −633.1%EPS, diluted−0.80Fiscal year 2020Revenue900.7 +13.6%Operating income−117.6Net income−122.5EPS, diluted−0.26Fiscal year 2021Revenue898.2 −0.3%Operating income555.3EPS, diluted0.69Fiscal year 2022Revenue920.0 +2.4%Operating income539.5EPS, diluted0.68Fiscal year 2023Revenue1,041.8 +13.2%Operating income611.9EPS, diluted0.77Fiscal year 2024Revenue1,106.2 +6.2%Operating income659.2EPS, diluted0.83Fiscal year 2025Revenue1,188.4 +7.4%Operating income644.7EPS, diluted0.86
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 16.9 69.7 142.9 792.6 900.7 898.2 920.0 1,041.8 1,106.2 1,188.4
Growth +311.5% +105.0% +454.6% +13.6% −0.3% +2.4% +13.2% +6.2% +7.4%
Operating income 16.1 −41.1 −43.9 −398.5 −117.6 555.3 539.5 611.9 659.2 644.7
Net income 9.7 4.9 66.6 −355.1 −122.5 n/a n/a n/a n/a n/a
Growth −49.1% +1,248.6% −633.1%
EPS, diluted n/a n/a 0.33 −0.80 −0.26 0.69 0.68 0.77 0.83 0.86

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin95.2%Net margin57.3%Fiscal year 2017Operating margin−59.0%Net margin7.1%Fiscal year 2018Operating margin−30.7%Net margin46.6%Fiscal year 2019Operating margin−50.3%Net margin−44.8%Free cash flow margin44.8%Fiscal year 2020Operating margin−13.1%Net margin−13.6%Free cash flow margin66.1%Fiscal year 2021Operating margin61.8%Fiscal year 2022Operating margin58.6%Free cash flow margin52.5%Fiscal year 2023Operating margin58.7%Free cash flow margin74.8%Fiscal year 2024Operating margin59.6%Free cash flow margin70.0%Fiscal year 2025Operating margin54.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 95.2% −59.0% −30.7% −50.3% −13.1% 61.8% 58.6% 58.7% 59.6% 54.2%
Net margin 57.3% 7.1% 46.6% −44.8% −13.6% n/a n/a n/a n/a n/a
Free cash flow margin n/a n/a n/a 44.8% 66.1% n/a 52.5% 74.8% 70.0% n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow9.5Fiscal year 2017Operating cash flow28.1Dividends paid−16.0Fiscal year 2018Operating cash flow83.5Dividends paid−84.2Fiscal year 2019Operating cash flow622.4Capital expenditure−267.4Free cash flow355.0Buybacks−125.5Dividends paid−492.1Fiscal year 2020Operating cash flow753.4Capital expenditure−157.9Free cash flow595.5 +67.7%Buybacks−24.7Dividends paid−589.6Fiscal year 2021Operating cash flow709.8Dividends paid−471.2Fiscal year 2022Operating cash flow699.6Capital expenditure−216.7Free cash flow482.9Dividends paid−432.8Fiscal year 2023Operating cash flow779.1Capital expenditure−0.3Free cash flow778.8 +61.3%Dividends paid−434.8Fiscal year 2024Operating cash flow844.0Capital expenditure−70.0Free cash flow774.0 −0.6%Buybacks−28.7Dividends paid−437.6Fiscal year 2025Operating cash flow932.5Buybacks−135.0Dividends paid−439.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 9.5 28.1 83.5 622.4 753.4 709.8 699.6 779.1 844.0 932.5
Capital expenditure n/a n/a n/a −267.4 −157.9 n/a −216.7 −0.3 −70.0 n/a
Free cash flow n/a n/a n/a 355.0 595.5 n/a 482.9 778.8 774.0 n/a
Growth +67.7% +61.3% −0.6%
Buybacks n/a n/a n/a −125.5 −24.7 n/a n/a n/a −28.7 −135.0
Dividends paid n/a −16.0 −84.2 −492.1 −589.6 −471.2 −432.8 −434.8 −437.6 −439.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash9.6Fiscal year 2017Cash6.0Fiscal year 2018Cash2.8Shareholders’ equity30.9Fiscal year 2019Cash1.2Total debt2,892.2Net cash (debt)−2,891.0Shareholders’ equity3,143.4Debt to equity0.92Fiscal year 2020Cash0.6Total debt3,091.6Net cash (debt)−3,091.0Shareholders’ equity2,418.3Debt to equity1.28Fiscal year 2021Total debt3,122.9Shareholders’ equity2,286.7Debt to equity1.37Fiscal year 2022Cash0.0Total debt3,361.3Net cash (debt)−3,361.3Shareholders’ equity2,192.3Debt to equity1.53Fiscal year 2023Cash0.1Total debt3,213.2Net cash (debt)−3,213.2Shareholders’ equity2,151.7Debt to equity1.49Fiscal year 2024Total debt3,117.0Shareholders’ equity2,115.2Debt to equity1.47Fiscal year 2025Cash180.4Total debt3,222.5Net cash (debt)−3,042.1Shareholders’ equity1,972.0Debt to equity1.63
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 9.6 6.0 2.8 1.2 0.6 n/a 0.0 0.1 n/a 180.4
Total debt n/a n/a n/a 2,892.2 3,091.6 3,122.9 3,361.3 3,213.2 3,117.0 3,222.5
Net cash (debt) n/a n/a n/a −2,891.0 −3,091.0 n/a −3,361.3 −3,213.2 n/a −3,042.1
Shareholders’ equity n/a n/a 30.9 3,143.4 2,418.3 2,286.7 2,192.3 2,151.7 2,115.2 1,972.0
Debt to equity n/a n/a n/a 0.92 1.28 1.37 1.53 1.49 1.47 1.63

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
95.2% −59.0% −30.7% −50.3% −13.1% 61.8% 58.6% 58.7% 59.6% 54.2%
95.2% 41.0% 69.2% −57.7% −19.8% 50.0% 48.2% 48.0% 49.6% 47.5%
57.3% 7.1% 46.6% −44.8% −13.6% n/a n/a n/a n/a n/a
n/a n/a n/a 44.8% 66.1% n/a 52.5% 74.8% 70.0% n/a
Spending
4.8% 59.0% 30.7% 14.9% 5.8% 7.1% 6.8% 6.8% 7.8% 7.4%
n/a n/a n/a 33.7% 17.5% n/a 23.6% 0.0% 6.3% n/a
39.8% 91.9% 32.7% n/a n/a 26.1% 26.5% 25.7% 26.9% 26.8%
Returns
n/a n/a 215.8% −11.3% −5.1% n/a n/a n/a n/a n/a
55.9% 16.6% 139.6% −5.7% −2.2% n/a n/a n/a n/a n/a
Balance and payout
n/a n/a n/a 0.92 1.28 1.37 1.53 1.49 1.47 1.63
40.9% 47.6% 35.3% 50.0% 56.9% 58.8% 62.1% 62.5% 63.3% 66.5%
n/a 324.2% 126.4% n/a n/a n/a n/a n/a n/a n/a
n/a n/a n/a 174.0% 103.2% n/a 89.6% 55.8% 60.2% n/a