Antero Midstream (AM) EBT Margin (2016 - 2026)
Antero Midstream's EBT Margin was 47.21% in Q2 2026, down 7.95 percentage points from 55.16% a year earlier and down 2.41 percentage points from the prior quarter.
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Analysis
Antero Midstream (AM) EBT Margin (2016 - 2026) Analysis & Trends
On a trailing twelve-month basis, Antero Midstream's EBT Margin was 44.54% through Jun 30, 2026, down 9.11 percentage points year-over-year; for FY2025, it came in at 47.47%, down 2.12 percentage points from FY2024.
- EBT Margin shows a five-year change of +67.26 percentage points (FY2020 to FY2025).
- In earlier years, EBT Margin was 49.60% in FY2024 (+1.59 pp), 48.00% in FY2023 (-0.23 pp), 48.23% in FY2022 (-1.73 pp) and 49.96% in FY2021 (+69.75 pp).
- Quarterly EBT Margin has moved between 25.99% (Q4 2025) and 55.16% (Q2 2025) over five years.
- Compared with a year earlier, EBT Margin has declined for three straight quarters, with an average year-over-year change of -2.07 percentage points over the last eight quarters.
- The best year-over-year quarter for EBT Margin over five years was Q2 2025 (a gain of 12.73 percentage points); the worst was Q4 2025 (a drop of 28.20 percentage points).
- Per Business Quant data, AM's EBT Margin in the three quarters before Q2 2026 was 49.62% (Q1 2026), 25.99% (Q4 2025) and 54.84% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 6.86% |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 10.22% |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 7.93% |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 26.04% |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 36.72% |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 22.63% |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 32.88% |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 10.51% |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 69.92% |
| 10 | Antero Midstream | 9.83 Bn | 9.83 Bn | 242.72 Mn | 47.21% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 47.21% |
| 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% |
API Access
Antero Midstream EBT 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=ebt-margin&ticker=AM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=AM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();