Which has the lower trailing P/E, AM or NRP?

NRP has the lower trailing P/E: AM trades at 26.69 and NRP at 13.38. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, AM or NRP?

Over the past five years, NRP grew revenue faster — AM at a 6.09% CAGR versus NRP at 7.90%.

Does AM or NRP pay a bigger dividend?

AM yields 4.01% and NRP yields 2.98% based on trailing dividends and the latest price.

Is AM or NRP more profitable?

NRP runs the higher net margin — AM at 30.45% versus NRP at 54.00%.

How have AM and NRP total returns compared?

Over the past 5 years, AM delivered 29.36% and NRP delivered 26.05% annualized total return. Past performance doesn't predict future results.

Antero Midstream Corporation (AM) vs Natural Resource Partners L.P. (NRP)

A side-by-side comparison of Antero Midstream Corporation and Natural Resource Partners L.P. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 19, 2026. Differences are shown without an overall score or investment verdict.

Antero Midstream Corporation

$10.64B

$22.42EnergyDelayed quote: Aug 19, 2026, 4:00 PM EDT

NRP

Natural Resource Partners L.P.

$1.39B

$104.86EnergyAt close: Aug 19, 2026, 4:00 PM ET

Total return — AM vs NRP

growth of $100 · dividends reinvested · last 9y

AM +47.2% (+4.4%/yr)NRP +518.5% (+22.4%/yr)NRP compounded faster over this window

AM NRP

AM vs NRP: by the numbers

•AM is the larger company ($10.64B vs $1.39B market cap).
•NRP trades at the lower trailing earnings multiple (13.38 vs 26.69 P/E), one valuation lens rather than an overall verdict.
•NRP converts more revenue to profit (54.00% vs 30.45% net margin).
•NRP grew revenue faster over the past five years (7.90% vs 6.09% CAGR).
•AM pays the higher dividend yield (4.01% vs 2.98%).

Metrics side by side

Valuation

Metric	AM	NRP
P/E ratio	26.69	13.38
Forward P/E	20.19	23.54
P/S ratio	8.15	7.18
P/B ratio	5.50	2.14
EV / EBITDA	14.98	9.43
FCF yield	9.16%	11.49%

Profitability

Metric	AM	NRP
Gross margin	62.92%	81.55%
Operating margin	56.05%	62.58%
Net margin	30.45%	54.00%
ROE	20.55%	16.09%
ROIC	8.64%	16.32%

Dividends

Metric	AM	NRP
Dividend yield	4.01%	2.98%
Payout ratio	104.65%	30.65%

Growth (annualized)

Metric	AM	NRP
Revenue CAGR (5Y)	6.09%	7.90%
FCF CAGR (5Y)	9.87%	16.63%
Total return CAGR (5Y)	29.36%	47.25%

Frequently asked

Which has the lower trailing P/E, AM or NRP?: NRP has the lower trailing P/E: AM trades at 26.69 and NRP at 13.38. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, AM or NRP?: Over the past five years, NRP grew revenue faster — AM at a 6.09% CAGR versus NRP at 7.90%.
Does AM or NRP pay a bigger dividend?: AM yields 4.01% and NRP yields 2.98% based on trailing dividends and the latest price.
Is AM or NRP more profitable?: NRP runs the higher net margin — AM at 30.45% versus NRP at 54.00%.
How have AM and NRP total returns compared?: Over the past 5 years, AM delivered 29.36% and NRP delivered 26.05% annualized total return. Past performance doesn't predict future results.

Go deeper

Full AM analysis Full NRP analysis Interactive comparison tool

Dig into the metrics

Antero Midstream P/E ratio Natural Resource Partners L.P. P/E ratio Antero Midstream dividend yield Natural Resource Partners L.P. dividend yield Antero Midstream ROE Natural Resource Partners L.P. ROE Antero Midstream operating margin Natural Resource Partners L.P. operating margin Antero Midstream revenue growth Natural Resource Partners L.P. revenue growth Antero Midstream free cash flow Natural Resource Partners L.P. free cash flow

Antero Midstream & Natural Resource Partners L.P. appear in these rankings

Highest Dividend Yield Stocks Highest Operating Margin Stocks Highest FCF Yield Stocks Highest 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 19, 2026.