Antero Midstream (AM) FCF Margin (2016 - 2026)
Antero Midstream (AM) recorded quarterly FCF Margin of 70.07% in Q1 2026, down 0.64% quarter-over-quarter from 70.52% in Q4 2025, and up 932.0% on a YoY basis from 6.79% in Q1 2025.
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 70.07% for Q1 2026.
- In Q1 2026, FCF Margin rose 932.0% year-over-year to 70.07%; the TTM figure through Mar 2026 stood at 72.99% (up 660.0% YoY), while the FY2025 annual figure was 70.76%, up 79.0% from the prior year.
- FCF Margin was 70.07% for Q1 2026 at Antero Midstream, down from 70.52% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 80.94% in Q4 2024 to a low of 22.45% in Q2 2022.
- Historically, FCF Margin has averaged 67.14% across 5 years, with a median of 70.52% in 2025.
- The sharpest annual moves came in 2022 and 2023: FCF Margin plunged 4546 bps in 2022, then surged 4940 bps in 2023.
- A 5-year view of FCF Margin shows it stood at 58.91% in 2022, then surged by 36 bps to 80.07% in 2023, then grew by 1 bps to 80.94% in 2024, then retreated by 13 bps to 70.52% in 2025, then retreated by 1 bps to 70.07% in 2026.
- The last three FCF Margin figures came in at 70.07% (Q1 2026), 70.52% (Q4 2025), and 71.38% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | -0.43% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 3.38% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 28.13% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 5.26% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 25.41% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | -3.91% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 0.73% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 13.15% |
| 10 | Antero Midstream | 10.09 Bn | 10.09 Bn | 243.51 Mn | 70.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 70.07% |
| Dec 31, 2025 | 70.52% |
| Sep 30, 2025 | 71.38% |
| 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 | 22.45% |
| Mar 31, 2022 | 78.32% |
| Dec 31, 2021 | 45.45% |
| Sep 30, 2021 | 51.62% |
| Jun 30, 2021 | 67.91% |