Antero Midstream Corporation (AM)

AM Income Statement

Revenue, expenses, and profitability analysis

AM Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	829.534M	208.879M	209.191M	202.470M	208.994M	201.551M	198.757M	185.612M	175.810M
Revenue	1.286B	335.421M	314.672M	312.489M	323.140M	308.797M	305.145M	287.538M	287.463M
Cost of Goods Sold	456.188M	126.542M	105.481M	110.019M	114.146M	107.246M	106.388M	101.926M	111.653M
Gross Profit Margin	62.3%	62.3%	66.5%	64.8%	64.7%	65.3%	65.1%	64.6%	61.2%
Total Operating Expenses	89.210M	22.892M	22.007M	21.761M	22.550M	24.328M	21.022M	23.185M	23.057M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	87.257M	22.347M	21.469M	21.316M	22.125M	23.024M	20.774M	22.872M	21.219M
Operating Income (EBIT)	740.108M	185.987M	187.184M	180.493M	186.444M	177.223M	177.735M	162.427M	152.753M
Operating Margin	55.4%	55.4%	59.5%	57.8%	57.7%	57.4%	58.2%	56.5%	53.1%
Income Before Tax (EBT)	563.268M	155.905M	77.193M	161.672M	168.498M	156.833M	155.792M	137.942M	114.473M
Interest Income	—	—	—	—	—	—	—	—	—
Interest Expense	196.023M	54.029M	46.836M	47.196M	47.962M	48.410M	49.721M	51.812M	52.186M
Other Income/Expense	-176.840M	-30.082M	-109.991M	-18.821M	-17.946M	-20.390M	-21.943M	-24.485M	-38.280M
Net Income	410.692M	118.266M	51.929M	115.984M	124.513M	120.737M	111.189M	99.740M	86.037M
Income Tax Expense	152.576M	37.639M	25.264M	45.688M	43.985M	36.096M	44.603M	38.202M	28.436M
Net Profit Margin	35.3%	35.3%	16.5%	37.1%	38.5%	39.1%	36.4%	34.7%	29.9%
EBITDA	1.009B	241.832M	238.536M	261.001M	267.492M	255.659M	255.976M	239.956M	221.903M
EBITDA Margin	72.1%	72.1%	75.8%	83.5%	82.8%	82.8%	83.9%	83.5%	77.2%
Depreciation & Amortization	210.411M	55.845M	51.401M	52.133M	51.032M	50.416M	50.463M	50.202M	55.244M
EPS Basic	0.86	0.25	0.11	0.24	0.26	0.25	0.23	0.21	0.18
EPS Diluted	0.86	0.25	0.11	0.24	0.26	0.25	0.23	0.21	0.18
Shares Outstanding	473.866M	473.866M	477.906M	478.020M	479.083M	479.064M	480.991M	481.288M	481.103M
Diluted Shares Outstanding	477.963M	477.963M	482.177M	481.814M	482.451M	484.378M	486.133M	485.532M	484.778M

AM Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Gross Profit	822.206M	748.217M	692.547M	607.969M	632.292M	626.543M	501.244M	582.086M
Revenue	1.259B	1.177B	1.112B	990.657M	968.874M	971.391M	849.598M	1.029B
Cost of Goods Sold	436.892M	428.648M	419.896M	382.688M	336.582M	344.848M	348.354M	446.436M
Gross Profit Margin	65.3%	63.6%	62.3%	61.4%	65.3%	64.5%	59.0%	56.6%
Total Operating Expenses	177.537M	89.051M	80.685M	68.503M	76.965M	744.181M	899.737M	61.764M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	87.934M	86.086M	71.068M	62.125M	63.838M	52.213M	118.113M	61.629M
Operating Income (EBIT)	644.669M	659.166M	611.862M	539.466M	555.327M	-117.638M	-398.493M	607.570M
Operating Margin	51.2%	56.0%	55.0%	54.5%	57.3%	-12.1%	-46.9%	59.1%
Income Before Tax (EBT)	564.196M	548.621M	500.073M	443.736M	448.740M	-178.215M	-457.580M	98.919M
Interest Income	—	—	—	—	—	—	—	—
Interest Expense	190.404M	207.027M	217.245M	189.948M	175.281M	147.007M	110.402M	61.906M
Other Income/Expense	-80.473M	-110.545M	-111.789M	-95.730M	-106.587M	-60.577M	-59.087M	127.528M
Net Income	413.163M	400.892M	371.786M	326.242M	331.617M	-122.527M	-355.114M	443.038M
Income Tax Expense	151.033M	147.729M	128.287M	117.494M	117.123M	-55.688M	-102.466M	32.311M
Net Profit Margin	32.8%	34.1%	33.4%	32.9%	34.2%	-12.6%	-41.8%	43.1%
EBITDA	937.261M	966.320M	924.049M	836.118M	803.483M	148.254M	-194.642M	560.602M
EBITDA Margin	74.4%	82.1%	83.1%	84.4%	82.9%	15.3%	-22.9%	54.5%
Depreciation & Amortization	204.982M	210.672M	206.731M	202.434M	179.462M	179.462M	152.536M	0.00
EPS Basic	0.86	0.83	0.77	0.68	0.69	-0.26	-0.80	2.37
EPS Diluted	0.86	0.83	0.77	0.68	0.69	-0.26	-0.80	2.36
Shares Outstanding	477.906M	480.822M	482.372M	478.232M	477.491M	478.278M	442.640M	187.048M
Diluted Shares Outstanding	482.177M	485.247M	482.372M	480.300M	480.150M	478.278M	442.640M	187.398M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Antero Midstream Corporation

Antero Midstream Corporation primarily owns, operates, and expands vital midstream energy infrastructure. Its operations are divided into two key divisions: Gathering and Processing, and Water Handling. The Gathering and Processing segment involves a comprehensive network of pipelines and compressor stations that are crucial for collecting and treating natural gas output from Antero Resources' wells situated across West Virginia and Ohio. Meanwhile, the Water Handling segment focuses on supplying fresh water, supported by its array of pumping stations, water storage, and blending facilities. Established in 2013, the company maintains its corporate headquarters in Denver, Colorado.

Denver, CO

616 employees

www.anteromidstream.com

Energy / Oil & Gas Midstream

Sector: Energy
Industry: Oil & Gas Midstream
CEO: Michael N. Kennedy

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