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| Date | Value |
|---|---|
| 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 |