Antero Midstream (AM) Cost of Revenue (2019 - 2026)
Antero Midstream (AM) posted Cost of Revenue of $84.5 million for Q2 2026, up 19.56% on a QoQ basis from $70.7 million in Q1 2026, and up 33.93% year-over-year from $63.1 million in Q2 2025.
Analysis
Antero Midstream (AM) Cost of Revenue (2019 - 2026) Analysis & Trends
Antero Midstream has reported Cost of Revenue for 8 years, with the latest figure at $84.5 million in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 33.93% year-over-year to $84.5 million in Q2 2026; TTM through Jun 2026 was $267.2 million, a 17.4% 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 was $84.5 million for Q2 2026 at Antero Midstream, 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.
- Average Cost of Revenue over 5 years is $55.5 million, with a median of $54.0 million recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Cost of Revenue surged 37.75% in 2023, then fell 6.83% in 2024.
- Over 5 years, Cost of Revenue stood at $48.3 million in 2022, then climbed by 5.15% to $50.8 million in 2023, then advanced by 10.13% to $55.9 million in 2024, then retreated by 3.3% to $54.1 million in 2025, then soared by 56.3% to $84.5 million in 2026.
- The last three Cost of Revenue figures came in at $84.5 million (Q2 2026), $70.7 million (Q1 2026), and $54.1 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 1.41 Bn |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | - |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 26.94 Bn |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 1.06 Bn |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 2.30 Bn |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 587.00 Mn |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 9.24 Bn |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 15.96 Bn |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 1.29 Bn |
| 10 | Antero Midstream | 10.73 Bn | 10.73 Bn | 242.72 Mn | 84.53 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 84.53 Mn |
| Mar 31, 2026 | 70.70 Mn |
| Dec 31, 2025 | 54.08 Mn |
| Sep 30, 2025 | 57.89 Mn |
| Jun 30, 2025 | 63.11 Mn |
| Mar 31, 2025 | 56.83 Mn |
| Dec 31, 2024 | 55.93 Mn |
| Sep 30, 2024 | 51.72 Mn |
| Jun 30, 2024 | 56.41 Mn |
| Mar 31, 2024 | 53.92 Mn |
| Dec 31, 2023 | 50.78 Mn |
| Sep 30, 2023 | 51.91 Mn |
| Jun 30, 2023 | 52.60 Mn |
| Mar 31, 2023 | 57.87 Mn |
| Dec 31, 2022 | 48.30 Mn |
| Sep 30, 2022 | 46.65 Mn |
| Jun 30, 2022 | 43.30 Mn |
| Mar 31, 2022 | 42.01 Mn |
| Dec 31, 2021 | 38.75 Mn |
| Sep 30, 2021 | 39.50 Mn |