profit from every $100 of sales.
$0$100
Antero Midstream
$20.02+1.21% today
+11.3% in 1 year
1-year low $17.151-year high $23.60
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $22.89 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Antero Midstream sold, what it kept, and what it did with the cash.
Sales went from $991 million in 2022 to $1.26 billion in 2025, with $413 million of profit last year.
SalesProfit
Antero Midstream handed back 75% of the cash it generated last year.
$440M
Free cash flow 2025$770M
Bought back its own shares$135M
Paid as dividends$440M
Cash vs. debt$180M vs. $3.2B
Antero Midstream vs. similar companies
Antero Midstream grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Antero Midstream | 22.9× · Fair price | ||
 Enbridge | 20.3× · Fair price | ||
 The Williams Companies | 32.9× · Expensive | ||
 Enterprise Products Partners L.P. | 13.8× · Cheap | ||
 Kinder Morgan | 23.0× · Fair price |
AI analysis
An AI analyst reads Antero Midstream's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 991 | 1,112 | 1,177 | 1,259 | |
| 608 | 693 | 748 | 822 | |
| 541 | 612 | 659 | 732 | |
| 836 | 924 | 966 | 960 | |
| 326 | 372 | 401 | 413 | |
| 0.68 | 0.77 | 0.83 | 0.86 | |
| 61.4% | 62.3% | 63.6% | 65.3% | |
| 54.6% | 55.0% | 56.0% | 58.2% | |
| 32.9% | 33.4% | 34.1% | 32.8% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 5,791 | 5,738 | 5,762 | 5,884 |
| Cash | 0 | 0 | 0 | 180 |
| Total debt | 3,361 | 3,213 | 3,117 | 3,223 |
| Total liabilities | 3,599 | 3,586 | 3,647 | 3,912 |
| 2,192 | 2,152 | 2,115 | 1,972 | |
| 480 | 482 | 479 | 474 | |
| 9.0% | 10.6% | 11.4% | 11.5% | |
| 14.9% | 17.3% | 19.0% | 21.0% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 700 | 779 | 844 | 932 | |
| 516 | 184 | 242 | 162 | |
| 184 | 595 | 602 | 770 | |
| Dividends paid | 433 | 435 | 438 | 440 |
| 0 | 0 | 29 | 135 | |
| 20 | 32 | 44 | 46 |
Valuation
- 22.9×
- 18.1×
- 2.81
- 5.4×
- 7.5×
- 12.3×
- 13.0×
- 8.1%
- 4.4%
- 4.1%
Profitability
- 65.3%
- 58.2%
- 32.8%
- 78.5%
- 8.6%
- 6.9%
- 20.4%
- 6.4%
- 11.8%
- –
Growth
- +8.3%
- +8.1%
- +28.0%
- −6.1%
- +0.0%
Financial health
- 3.7×
- 1.92
- 58.0%
- 3.8×
- 0.99
- 0.99
- 0.20
How it ranks in Energy
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 43%of 467
Top 3%of 466
Bottom 34%of 386
Top 32%of 460
Top 31%of 459
What analysts expect
- Average price target
- $21.50
- Range
- $20.00 – $23.00
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 29, 2026 | 0.25 | 0.26 | −3.8% |
| Feb 11, 2026 | 0.11 | 0.24 | −54.2% |
| Oct 29, 2025 | 0.24 | 0.25 | −4.0% |
| Jul 30, 2025 | 0.26 | 0.25 | +5.3% |
| Apr 30, 2025 | 0.25 | 0.23 | +9.1% |
| Feb 12, 2025 | 0.23 | 0.24 | −4.2% |
| Oct 30, 2024 | 0.21 | 0.23 | −8.7% |
| Jul 31, 2024 | 0.18 | 0.22 | −18.2% |
4.1%of the share price, paid each year
On $1,000 invested$41a year at today's yield, before tax
−6.1%2020 to 2025
Raised–not every year
Paid per share, each year
$0.09 in 2017 → $0.90 in 2025
How safe it looks
106.4% of its profit
Room to growStretchedMore than it earns: 57.1%
News
Antero Resources (AR): Buy, Sell, or Hold Post Q2 Earnings?Yahoo Finance · Sep 15, 2026The newest story we have is from Sep 15, 2026.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
3/7Passes 3 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
63Pass
Benjamin Graham
45No pass
Philip Fisher
71Pass
Peter Lynch
35No pass
Joel Greenblatt
37No pass
Charlie Munger
56No pass
Terry Smith
60Pass
Questions about Antero Midstream
Is Antero Midstream a good stock to buy?
A business with weak numbers at a fair price. 3 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Antero Midstream AI analysis
What does Antero Midstream do?
Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure. It operates through Gathering and Processing, and Water Handling segments. It is in Oil & Gas Midstream, based in Denver, CO, United States, with 632 employees.
Does Antero Midstream pay a dividend?
Yes. At today's price the dividend is 4.1% a year, about 106% of its yearly profit. In 2025 it paid out $440 million in dividends.
Is Antero Midstream stock halal?
No. Antero Midstream does not pass our halal screen: its debt is 34% of its market value, at or above the 33% limit. How we check
How has Antero Midstream stock done over the past year?
Up 11.3% over the past twelve months, to $20.02. It traded between $17.15 and $23.60 and is 15.2% below its high.
Who are Antero Midstream's competitors?
The largest listed companies in the same industry are Enbridge, The Williams Companies, Enterprise Products Partners L.P. and Kinder Morgan. The peers table on this page compares their profit, growth and price with Antero Midstream's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.