Antero Midstream (AM) Cost of Revenue (2019 - 2026)
Antero Midstream (AM) posted Cost of Revenue of $70.7 million for Q1 2026, up 30.73% on a QoQ basis from $54.1 million in Q4 2025, and up 24.4% year-on-year from $56.8 million in Q1 2025.
Antero Midstream (AM) Cost of Revenue (2019 - 2026) Analysis & Trends
Antero Midstream has disclosed Cost of Revenue across 8 years of filings, most recently posting $70.7 million for Q1 2026.
- Cost of Revenue for Q1 2026 came in at $70.7 million, up 24.4% year-over-year; the trailing twelve-month figure through Mar 2026 was $245.8 million (up 11.27% YoY), and the FY2025 annual result was $231.9 million, up 6.39% from the prior year.
- Cost of Revenue came in at $70.7 million for Q1 2026 at Antero Midstream, up from $54.1 million in the prior quarter.
- Over the last five years, Cost of Revenue for AM reached as high as $70.7 million in Q1 2026 and fell as low as $42.0 million in Q1 2022.
- Median Cost of Revenue over the past 5 years was $53.9 million (2024), compared with a mean of $53.8 million.
- Year-over-year, Cost of Revenue surged 37.75% in 2023 and fell 6.83% in 2024.
- Over 5 years, 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 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 9.60 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.75 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | - |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 21.15 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 2.39 Bn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 498.00 Mn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 7.05 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 2.76 Bn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 270.00 Mn |
| 10 | Antero Midstream | 108.06 Mn | 108.06 Mn | 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 |