Antero Midstream AM
NYSE AM
$22.60 +0.14 (+0.62%)
At close: Sep 4, 2026 · 4:00 PM EDT

Antero Midstream (AM) FCF Margin (2016 - 2026)

Antero Midstream (AM) posted FCF Margin of 66.88% for Q2 2026, down 4.13% on a QoQ basis from 69.76% in Q1 2026, and down 1306.0% year-over-year from 5.55% in Q2 2025.

Analysis

Antero Midstream (AM) FCF Margin (2016 - 2026) Analysis & Trends

Antero Midstream has reported FCF Margin for 11 years, with the latest figure at 66.88% in Q2 2026.

  • On a quarterly basis, FCF Margin fell 1306.0% year-over-year to 66.88% in Q2 2026; TTM through Jun 2026 was 69.57%, a 317.0% decrease from a year earlier, with the FY2025 full-year figure at 70.76%, up 79.0% from the prior year.
  • FCF Margin was 66.88% for Q2 2026 at Antero Midstream, down from 69.76% in the prior quarter.
  • The five-year high for FCF Margin was 80.94% in Q4 2024, with the low at 47.44% in Q2 2022.
  • Average FCF Margin over 5 years is 67.04%, with a median of 69.26% recorded in 2024.
  • The sharpest annual moves came in 2022 and 2023: FCF Margin plunged 2047 bps in 2022, then jumped 2563 bps in 2023.
  • Over 5 years, FCF Margin stood at 58.91% in 2022, then soared by 36 bps to 80.07% in 2023, then increased by 1 bps to 80.94% in 2024, then declined by 4 bps to 78.09% in 2025, then declined by 14 bps to 66.88% in 2026.
  • The last three FCF Margin figures came in at 66.88% (Q2 2026), 69.76% (Q1 2026), and 78.09% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Kinder Morgan 111.69 Bn 112.81 Bn 3.07 Bn 21.84%
2 Enterprise Products Partners 84.07 Bn 83.21 Bn - 11.07%
3 Energy Transfer 74.03 Bn 73.00 Bn 7.40 Bn 7.88%
4 Tc Energy 65.16 Bn 64.62 Bn 1.80 Bn 92.82%
5 Targa Resources 62.18 Bn 62.19 Bn 2.14 Bn 9.71%
6 Mplx 60.51 Bn 59.48 Bn 2.73 Bn 26.48%
7 Oneok 60.16 Bn 60.09 Bn 2.81 Bn 11.95%
8 Enbridge 54.38 Bn 54.88 Bn 5.23 Bn 3.87%
9 Pembina Pipeline 28.12 Bn 27.76 Bn 933.00 Mn 51.81%
10 Antero Midstream 10.73 Bn 10.73 Bn 242.72 Mn 66.88%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 66.88%
Mar 31, 2026 69.76%
Dec 31, 2025 78.09%
Sep 30, 2025 63.76%
Jun 30, 2025 79.93%
Mar 31, 2025 60.75%
Dec 31, 2024 80.94%
Sep 30, 2024 68.77%
Jun 30, 2024 54.57%
Mar 31, 2024 74.72%
Dec 31, 2023 80.07%
Sep 30, 2023 76.73%
Jun 30, 2023 71.85%
Mar 31, 2023 70.32%
Dec 31, 2022 58.91%
Sep 30, 2022 51.10%
Jun 30, 2022 47.44%
Mar 31, 2022 52.14%
Dec 31, 2021 45.45%
Sep 30, 2021 51.62%