Antero Midstream (AM) Cost of Revenue (2019 - 2026)
Antero Midstream (AM) posted quarterly Cost of Revenue of $84.5 million for Q2 2026, up 33.93% year-over-year from $63.1 million in Q2 2025, and up 19.56% quarter-over-quarter from $70.7 million in Q1 2026.
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 $84.5 million for Q2 2026.
- In Q2 2026, Cost of Revenue rose 33.93% year-over-year to $84.5 million; the TTM figure through Jun 2026 stood at $267.2 million (up 17.4% YoY), while the FY2025 annual figure was $231.9 million, up 6.39% from the prior year.
- Cost of Revenue for Q2 2026 stood at $84.5 million, up from $70.7 million in the prior quarter.
- The five-year high for Cost of Revenue was $84.5 million in Q2 2026, with the low at $42.0 million in Q1 2022.
- The 5-year median for Cost of Revenue is $54.0 million (2024), against an average of $55.5 million.
- The sharpest annual moves came in 2023 and 2024: Cost of Revenue soared 37.75% in 2023, then dropped 6.83% in 2024.
- Antero Midstream's Cost of Revenue stood at $48.3 million in 2022, then gained by 5.15% to $50.8 million in 2023, then rose by 10.13% to $55.9 million in 2024, then declined by 3.3% to $54.1 million in 2025, then jumped by 56.3% to $84.5 million in 2026.
- Business Quant data shows AM's Cost of Revenue at $84.5 million in Q2 2026, $70.7 million in Q1 2026, and $54.1 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 1.41 Bn |
| 2 | Enbridge | 111.07 Bn | 109.57 Bn | 5.23 Bn | 15.96 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | - |
| 4 | Energy Transfer | 72.38 Bn | 71.35 Bn | 7.40 Bn | 26.94 Bn |
| 5 | Tc Energy | 65.96 Bn | 58.40 Bn | 1.24 Bn | 52.77 Mn |
| 6 | Oneok | 60.08 Bn | 59.92 Bn | 2.81 Bn | 9.24 Bn |
| 7 | Mplx | 60.06 Bn | 59.03 Bn | 2.73 Bn | 587.00 Mn |
| 8 | Targa Resources | 59.31 Bn | 59.18 Bn | 2.14 Bn | 2.30 Bn |
| 9 | Cheniere Energy | 56.08 Bn | 54.82 Bn | 5.29 Bn | 439.00 Mn |
| 10 | Antero Midstream | 10.55 Bn | 10.55 Bn | 242.72 Mn | 84.53 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 84.53 Mn |
| Jun 30, 2026 | 84.53 Mn |
| 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 |