Antero Midstream (AM) EBT Margin (2016 - 2026)
Antero Midstream (AM) recorded quarterly EBT Margin of 49.62% in Q1 2026, up 90.91% quarter-over-quarter from 25.99% in Q4 2025, and down 425.0% on a YoY basis from 15.27% in Q1 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.
- In Q1 2026, EBT Margin fell 425.0% year-over-year to 49.62%; the TTM figure through Mar 2026 stood at 46.49% (down 403.0% YoY), while the FY2025 annual figure was 47.47%, down 212.0% from the prior year.
- EBT Margin was 49.62% for Q1 2026 at Antero Midstream, up from 25.99% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 55.16% in Q2 2025 to a low of 25.99% in Q4 2025.
- Historically, EBT Margin has averaged 48.38% across 5 years, with a median of 49.62% in 2026.
- Biggest YoY gain for EBT Margin was 1273 bps in 2025; the steepest drop was 2820 bps in 2025.
- A 5-year view of EBT Margin shows it 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 tumbled by 52 bps to 25.99% in 2025, then surged by 91 bps to 49.62% in 2026.
- The last three EBT Margin figures came in at 49.62% (Q1 2026), 25.99% (Q4 2025), and 54.84% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 10.58% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 10.55% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 26.68% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 7.60% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 30.38% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 14.93% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 10.62% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 34.17% |
| 10 | Antero Midstream | 10.09 Bn | 10.09 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% |