Antero Midstream (AM) FCF Margin (2016 - 2026)
Antero Midstream (AM) posted quarterly FCF Margin of 66.88% for Q2 2026, down 1306.0% year-over-year from 5.55% in Q2 2025, and down 4.13% quarter-over-quarter from 69.76% in Q1 2026.
Antero Midstream (AM) FCF Margin (2016 - 2026) Analysis & Trends
Antero Midstream's FCF Margin history runs 11 years deep, the most recent figure standing at 66.88% for Q2 2026.
- In Q2 2026, FCF Margin fell 1306.0% year-over-year to 66.88%; the TTM figure through Jun 2026 stood at 69.57% (down 317.0% YoY), while the FY2025 annual figure was 70.76%, up 79.0% from the prior year.
- FCF Margin for Q2 2026 stood at 66.88%, 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.
- The 5-year median for FCF Margin is 69.26% (2024), against an average of 67.04%.
- The sharpest annual moves came in 2022 and 2023: FCF Margin plunged 2047 bps in 2022, then surged 2563 bps in 2023.
- Antero Midstream's FCF Margin stood at 58.91% in 2022, then jumped by 36 bps to 80.07% in 2023, then climbed by 1 bps to 80.94% in 2024, then slipped by 4 bps to 78.09% in 2025, then slipped by 14 bps to 66.88% in 2026.
- Business Quant data shows AM's FCF Margin at 66.88% in Q2 2026, 69.76% in Q1 2026, and 78.09% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 21.84% |
| 2 | Enbridge | 110.90 Bn | 109.41 Bn | 5.23 Bn | 3.87% |
| 3 | Enterprise Products Partners | 83.47 Bn | 82.57 Bn | - | 11.07% |
| 4 | Energy Transfer | 72.69 Bn | 71.66 Bn | 7.40 Bn | 7.88% |
| 5 | Tc Energy | 65.95 Bn | 58.39 Bn | 1.24 Bn | 146.27% |
| 6 | Oneok | 60.15 Bn | 59.99 Bn | 2.81 Bn | 11.95% |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 26.48% |
| 8 | Targa Resources | 59.51 Bn | 59.37 Bn | 2.14 Bn | 9.71% |
| 9 | Cheniere Energy | 56.09 Bn | 54.84 Bn | 5.29 Bn | 6.94% |
| 10 | Antero Midstream | 10.58 Bn | 10.58 Bn | 242.72 Mn | 66.88% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |