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
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