Antero Midstream (AM) Cost of Revenue (2019 - 2026)

Antero Midstream's (AM) quarterly Cost of Revenue came in at $70.7 million in Q1 2026, up 24.4% year-on-year from $56.8 million in Q1 2025, and up 30.73% quarter-over-quarter from $54.1 million in Q4 2025.

Antero Midstream (AM) Cost of Revenue (2019 - 2026) Analysis & Trends

Antero Midstream's Cost of Revenue history runs 8 years deep, the most recent figure standing at $70.7 million for Q1 2026.

  • On a quarterly basis, Cost of Revenue rose 24.4% year-over-year to $70.7 million in Q1 2026; TTM through Mar 2026 was $245.8 million, a 11.27% increase from a year earlier, with the FY2025 full-year figure at $231.9 million, up 6.39% from the prior year.
  • Cost of Revenue advanced to $70.7 million in Q1 2026 per AM's latest filing, from $54.1 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $70.7 million in Q1 2026 and bottomed at $42.0 million in Q1 2022.
  • The 5-year median for Cost of Revenue is $53.9 million (2024), against an average of $53.8 million.
  • Across the five-year window, Cost of Revenue soared 37.75% in 2023 and retreated 6.83% in 2024, its largest moves.
  • Year by year, Cost of Revenue stood at $48.3 million in 2022, then advanced by 5.15% to $50.8 million in 2023, then gained by 10.13% to $55.9 million in 2024, then fell by 3.3% to $54.1 million in 2025, then surged by 30.73% to $70.7 million in 2026.
  • Per Business Quant, the three latest AM Cost of Revenue figures stand at $70.7 million (Q1 2026), $54.1 million (Q4 2025), and $57.9 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 DHT Holdings 2,943.60 Bn 2,943.47 Bn 167.16 Mn 19.13 Mn
2 Flex LNG 1,649.28 Bn 1,648.89 Bn 61.79 Mn 18.67 Mn
3 Enbridge 120.97 Bn 119.64 Bn 6.70 Bn 9.60 Bn
4 Kinder Morgan 112.45 Bn 112.33 Bn 3.07 Bn 1.41 Bn
5 Enterprise Products Partners 82.58 Bn 81.38 Bn - -
6 Tc Energy 71.17 Bn 65.47 Bn 1.36 Bn 39.44 Mn
7 Energy Transfer 68.75 Bn 67.78 Bn 6.62 Bn 21.15 Bn
8 Mplx 59.29 Bn 57.78 Bn 1.95 Bn 402.00 Mn
9 Targa Resources 57.65 Bn 57.55 Bn 1.70 Bn 2.39 Bn
10 Antero Midstream 10.44 Bn 10.44 Bn 243.51 Mn 70.70 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 70.70 Mn
Mar 31, 2026 70.70 Mn
Dec 31, 2025 54.08 Mn
Dec 31, 2025 54.08 Mn
Sep 30, 2025 57.89 Mn
Sep 30, 2025 57.89 Mn
Jun 30, 2025 63.11 Mn
Jun 30, 2025 63.11 Mn
Mar 31, 2025 56.83 Mn
Mar 31, 2025 56.83 Mn
Dec 31, 2024 55.93 Mn
Dec 31, 2024 55.93 Mn
Sep 30, 2024 51.72 Mn
Sep 30, 2024 51.72 Mn
Jun 30, 2024 56.41 Mn
Jun 30, 2024 56.41 Mn
Mar 31, 2024 53.92 Mn
Mar 31, 2024 53.92 Mn
Dec 31, 2023 50.78 Mn
Dec 31, 2023 50.78 Mn