Antero Midstream (AM) EBITDA Margin (2019 - 2026)
Antero Midstream (AM) recorded EBITDA Margin of 73.98% in Q2 2026, down 3.76 percentage points from 77.74% a year earlier and down 3.82 percentage points from the prior quarter.
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Analysis
Antero Midstream (AM) EBITDA Margin (2019 - 2026) Analysis & Trends
On a TTM basis, Antero Midstream's EBITDA Margin came in at 70.63% as of Jun 30, 2026, down 7.88 percentage points year-over-year; for FY2025, it came in at 71.49%, down 7.14 percentage points from FY2024.
- Annual EBITDA Margin has a five-year change of +64.63 percentage points (FY2020 to FY2025).
- Across earlier years, EBITDA Margin came in at 78.63% in FY2024 (+0.06 pp), 78.58% in FY2023 (-2.07 pp), 80.64% in FY2022 (-1.16 pp) and 81.81% in FY2021 (+74.94 pp).
- Quarterly EBITDA Margin has ranged from 51.15% in Q4 2025 to 83.17% in Q3 2021 over the past five years.
- On a year-over-year basis, EBITDA Margin has declined for three consecutive quarters, with an average year-over-year change of -4.30 percentage points over the last eight quarters.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 2.12 percentage points in Q4 2021, against a drop of 28.23 percentage points in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 77.80% (Q1 2026), 51.15% (Q4 2025) and 78.90% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 104.58 Bn | 100.18 Bn | 4.84 Bn | 14.80% |
| 2 | Williams Companies | 86.03 Bn | 84.75 Bn | 2.54 Bn | 58.11% |
| 3 | Enterprise Products Partners | 80.00 Bn | 78.39 Bn | - | 15.75% |
| 4 | Kinder Morgan | 74.74 Bn | 74.44 Bn | 3.07 Bn | 43.91% |
| 5 | Energy Transfer | 69.45 Bn | 62.63 Bn | 7.40 Bn | 15.00% |
| 6 | Tc Energy | 64.24 Bn | 60.32 Bn | 2.81 Bn | 153.90% |
| 7 | Targa Resources | 62.85 Bn | 62.33 Bn | 2.14 Bn | 38.12% |
| 8 | Cheniere Energy | 59.18 Bn | 54.01 Bn | 5.29 Bn | 81.65% |
| 9 | Mplx | 59.17 Bn | 52.74 Bn | 2.91 Bn | 52.87% |
| 10 | Antero Midstream | 9.78 Bn | 9.78 Bn | 242.72 Mn | 74.45% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 74.45% |
| Mar 31, 2026 | 78.28% |
| Dec 31, 2025 | 51.59% |
| Sep 30, 2025 | 79.35% |
| Jun 30, 2025 | 78.17% |
| Mar 31, 2025 | 78.64% |
| Dec 31, 2024 | 79.83% |
| Sep 30, 2024 | 79.37% |
| Jun 30, 2024 | 77.65% |
| Mar 31, 2024 | 79.80% |
| Dec 31, 2023 | 80.62% |
| Sep 30, 2023 | 80.44% |
| Jun 30, 2023 | 77.40% |
| Mar 31, 2023 | 78.11% |
| Dec 31, 2022 | 81.49% |
| Sep 30, 2022 | 82.71% |
| Jun 30, 2022 | 80.01% |
| Mar 31, 2022 | 80.80% |
| Dec 31, 2021 | 81.03% |
| Sep 30, 2021 | 83.80% |
API Access
Antero Midstream EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=AM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "AM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=AM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();