AM

Antero Midstream Corporation

Fundamental data last updated:September 7, 2026

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company profile

SECTOR

Energy

industry

Oil & Gas Midstream

Exchange

NYSE

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure. It operates through Gathering and Processing, and Water Handling segments. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio. The Water Handling segment delivers fresh water; and offers pumping stations, water storage, and blending facilities. The company was incorporated in 2013 and is headquartered in Denver, Colorado.

 


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VALUATION

P/E

24.17

Market Cap ($M USD)

$9.95B

Forward P/E

11.70

PEG

0.11

PRICE TO SALES

7.74

PRICE TO BOOK

5.13

EV / EBITDA

13.54

5-Year Average P/E

Free Cash Flow Yield

9.21%

DCF Value

$28.79

Graham Number

$8.93

Price to FCF

10.86

EV to FCF

14.91

Earnings Yield

4.14%

FCF Yield

9.21%

DIVIDEND

Yield

4.30%

Annual Payout

$0.90

Payout Ratio

106.52%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$0.87

Next Year EPS Growth Estimate

$1.79

Next Year Revenue Growth Estimate

$1.75B

Return on Equity (ROE)

20.38%

FREE CASH FLOW

Operating Margin

57.56%

Debt-to-Equity

1.63

Piotroski F-Score

6

Altman Z-Score

2.03

Return on Invested Capital (ROIC)

11.84%

Current Ratio

0.99

Quick Ratio

0.99

Net Debt to EBITDA

3.68

Interest Coverage

3.78

Gross Profit margin

64.52%

FCF PER SHARE

$1.93

REVENUE PER SHARE

$2.71

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Gainseekers Quantitative Analysis

Summary

The market seems to be undervaluing Antero Midstream Corporation. Based on the data at the time of this analysis, the stock traded below its DCF Value, suggesting potential upside. The Forward P/E ratio indicates a more attractive valuation compared to its current P/E, hinting at expected earnings growth. However, the Altman Z-score of 1.97 raises concerns about financial stability, while the Earnings Yield of 4.14% suggests moderate returns. Overall, the valuation appears compelling, but caution is warranted regarding its financial health.

AI Exposure / Tech Reliance

In the oil and gas midstream sector, Antero Midstream is less exposed to rapid AI and tech shifts compared to tech-heavy industries. Its focus remains on infrastructure and logistics, areas where AI plays a supportive rather than transformative role. The company’s resilience lies in its ability to integrate tech for operational efficiency rather than reinvent its core business model.

The Bull Case

For value or GARP investors, Antero Midstream offers enticing prospects. The robust ROIC of 11.84% reflects efficient capital use, while a Piotroski F-Score of 6 indicates decent financial health. Its operating margin of 57.56% showcases strong pricing power, and the FCF Yield, though modest, suggests potential for cash generation. These metrics paint a picture of a company with solid fundamentals and capital efficiency, making it an attractive buy.

The Bear Case

Despite some strengths, Antero Midstream faces significant structural risks. The Price/Book ratio of 5.12 and Price/Sales of 7.73 suggest a premium valuation, potentially limiting upside. The payout ratio exceeding 100% raises sustainability concerns for its dividend. Additionally, trading near its 52-week high indicates technical overextension, which could lead to a pullback. These factors highlight vulnerabilities that could deter cautious investors.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Hold

Average Analyst Price Target

$21.50

Institutional Ownership %

1-Year Beta

0.66

Insider Buying % (6 Mo)

Distance to 52-Week High

13.80%

Distance to 52-Week Low

19.93%

EARNINGS SURPRISE %

-3.85%

50-DAY SMA

$21.99

200-DAY SMA

$19.61

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.