Antero Midstream (AM) EBT Margin (2016 - 2026)
Antero Midstream's (AM) quarterly EBT Margin came in at 49.62% in Q1 2026, down 425.0% year-on-year from 15.27% in Q1 2025, and up 90.91% quarter-over-quarter from 25.99% in Q4 2025.
Antero Midstream (AM) EBT Margin (2016 - 2026) Analysis & Trends
Antero Midstream's EBT Margin history runs 11 years deep, the most recent figure standing at 49.62% for Q1 2026.
- On a quarterly basis, EBT Margin fell 425.0% year-over-year to 49.62% in Q1 2026; TTM through Mar 2026 was 46.49%, a 403.0% decrease from a year earlier, with the FY2025 full-year figure at 47.47%, down 212.0% from the prior year.
- EBT Margin rose to 49.62% in Q1 2026 per AM's latest filing, from 25.99% in the prior quarter.
- Across five years, EBT Margin topped out at 55.16% in Q2 2025 and bottomed at 25.99% in Q4 2025.
- The 5-year median for EBT Margin is 49.62% (2026), against an average of 48.38%.
- Biggest YoY gain for EBT Margin was 1273 bps in 2025; the steepest drop was 2820 bps in 2025.
- Year by year, EBT Margin stood at 47.81% in 2022, then advanced by 6 bps to 50.47% in 2023, then increased by 7 bps to 54.19% in 2024, then sank by 52 bps to 25.99% in 2025, then surged by 91 bps to 49.62% in 2026.
- Per Business Quant, the three latest AM EBT Margin figures stand at 49.62% (Q1 2026), 25.99% (Q4 2025), and 54.84% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 88.39% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 24.28% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 26.04% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 10.58% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 10.55% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 73.18% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 7.60% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 14.93% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 10.62% |
| 10 | Antero Midstream | 10.91 Bn | 10.91 Bn | 243.51 Mn | 49.62% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 49.62% |
| Dec 31, 2025 | 25.99% |
| Sep 30, 2025 | 54.84% |
| Jun 30, 2025 | 55.16% |
| Mar 31, 2025 | 53.87% |
| Dec 31, 2024 | 54.19% |
| Sep 30, 2024 | 51.11% |
| Jun 30, 2024 | 42.43% |
| Mar 31, 2024 | 50.32% |
| Dec 31, 2023 | 50.47% |
| Sep 30, 2023 | 50.97% |
| Jun 30, 2023 | 44.95% |
| Mar 31, 2023 | 45.54% |
| Dec 31, 2022 | 47.81% |
| Sep 30, 2022 | 49.49% |
| Jun 30, 2022 | 46.22% |
| Mar 31, 2022 | 49.48% |
| Dec 31, 2021 | 49.52% |
| Sep 30, 2021 | 53.99% |
| Jun 30, 2021 | 46.70% |