Antero Midstream (AM) FCF Margin (2016 - 2026)
Antero Midstream's FCF Margin came in at 61.58% for Q2 2026, down 13.21 percentage points from 74.79% a year earlier and down 2.30 percentage points from the prior quarter.
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Analysis
Antero Midstream (AM) FCF Margin (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Antero Midstream reported FCF Margin of 62.89%, down 7.75 percentage points year-over-year; for FY2025, it came in at 64.81%, down 5.16 percentage points from FY2024.
- FCF Margin carries a five-year change of -1.30 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was 69.97% in FY2024 (-4.79 pp), 74.76% in FY2023 (+22.27 pp), 52.49% in FY2022 (-0.61 pp) and 53.10% in FY2021 (-13.01 pp).
- The five-year range for quarterly FCF Margin is 35.51% (Q3 2021) to 80.94% (Q4 2024).
- Year-over-year, FCF Margin increased in three of the last eight quarters, with an average year-over-year change of -4.31 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in Q4 2022 (a gain of 37.03 percentage points), and the weakest in Q4 2021 (a drop of 50.68 percentage points).
- Business Quant data shows AM's FCF Margin at 63.88% (Q1 2026), 69.59% (Q4 2025) and 56.53% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 3.87% |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 11.07% |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 7.88% |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 21.84% |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 92.82% |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 9.71% |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 26.48% |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 11.95% |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 6.94% |
| 10 | Antero Midstream | 9.83 Bn | 9.83 Bn | 242.72 Mn | 61.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 61.58% |
| Mar 31, 2026 | 63.88% |
| Dec 31, 2025 | 69.59% |
| Sep 30, 2025 | 56.53% |
| Jun 30, 2025 | 74.79% |
| Mar 31, 2025 | 57.85% |
| 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 | 77.85% |
| Sep 30, 2022 | 44.44% |
| Jun 30, 2022 | 40.08% |
| Mar 31, 2022 | 45.95% |
| Dec 31, 2021 | 40.83% |
| Sep 30, 2021 | 35.51% |
API Access
Antero Midstream FCF 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=fcf-margin&ticker=AM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=AM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();