Antero Midstream (AM) EBITDA Margin (2016 - 2026)
Antero Midstream (AM) posted EBITDA Margin of 71.05% for Q1 2026, up 57.19% on a QoQ basis from 45.2% in Q4 2025, and down 107.0% year-on-year from 1015.0% in Q1 2025.
Antero Midstream (AM) EBITDA Margin (2016 - 2026) Analysis & Trends
Antero Midstream has disclosed EBITDA Margin across 11 years of filings, most recently posting 71.05% for Q1 2026.
- EBITDA Margin for Q1 2026 came in at 71.05%, down 107.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 65.39% (up 4198.0% YoY), and the FY2025 annual result was 65.55%, up 4248.0% from the prior year.
- EBITDA Margin came in at 71.05% for Q1 2026 at Antero Midstream, up from 45.2% in the prior quarter.
- Over the last five years, EBITDA Margin for AM reached as high as 74.44% in Q3 2022 and fell as low as 121.57% in Q4 2023.
- Median EBITDA Margin over the past 5 years was 71.68% (2022), compared with a mean of 37.19%.
- Year-over-year, EBITDA Margin sank 1039 bps in 2023 and surged 16118 bps in 2025.
- Over 5 years, EBITDA Margin stood at 111.18% in 2022, then decreased by 9 bps to 121.57% in 2023, then advanced by 5 bps to 115.98% in 2024, then soared by 139 bps to 45.2% in 2025, then surged by 57 bps to 71.05% in 2026.
- Per Business Quant, the three latest AM EBITDA Margin figures stand at 71.05% (Q1 2026), 45.2% (Q4 2025), and 72.91% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 14.43% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 29.91% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 13.17% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 10.74% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 28.57% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 50.33% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 14.85% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 14.83% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 30.44% |
| 10 | Antero Midstream | 108.06 Mn | 108.06 Mn | 243.51 Mn | 71.05% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 71.05% |
| Dec 31, 2025 | 45.20% |
| Sep 30, 2025 | 72.91% |
| Jun 30, 2025 | 71.96% |
| Mar 31, 2025 | 72.12% |
| Dec 31, 2024 | -115.98% |
| Sep 30, 2024 | 72.24% |
| Jun 30, 2024 | 70.55% |
| Mar 31, 2024 | 72.87% |
| Dec 31, 2023 | -121.57% |
| Sep 30, 2023 | 73.17% |
| Jun 30, 2023 | 69.98% |
| Mar 31, 2023 | 70.74% |
| Dec 31, 2022 | -111.18% |
| Sep 30, 2022 | 74.44% |
| Jun 30, 2022 | 71.68% |
| Mar 31, 2022 | 72.06% |
| Dec 31, 2021 | -140.76% |
| Sep 30, 2021 | 75.31% |
| Jun 30, 2021 | 76.47% |