Antero Midstream (AM) Gross Margin (2019 - 2026)
Antero Midstream (AM) posted quarterly Gross Margin of 74.17% for Q2 2026, down 517.0% year-over-year from 17.79% in Q2 2025, and down 4.3% quarter-over-quarter from 77.5% in Q1 2026.
Antero Midstream (AM) Gross Margin (2019 - 2026) Analysis & Trends
Antero Midstream's Gross Margin history runs 8 years deep, the most recent figure standing at 74.17% for Q2 2026.
- In Q2 2026, Gross Margin fell 517.0% year-over-year to 74.17%; the TTM figure through Jun 2026 stood at 78.34% (down 194.0% YoY), while the FY2025 annual figure was 80.49%, up 19.0% from the prior year.
- Gross Margin for Q2 2026 stood at 74.17%, down from 77.5% in the prior quarter.
- The five-year high for Gross Margin was 81.79% in Q4 2025, with the low at 74.17% in Q2 2026.
- The 5-year median for Gross Margin is 80.34% (2023), against an average of 79.7%.
- The sharpest annual moves came in 2024 and 2026: Gross Margin jumped 298 bps in 2024, then tumbled 517 bps in 2026.
- Antero Midstream's Gross Margin stood at 80.01% in 2022, then increased by 1 bps to 80.48% in 2023, then rose by 0 bps to 80.55% in 2024, then increased by 2 bps to 81.79% in 2025, then slipped by 9 bps to 74.17% in 2026.
- Business Quant data shows AM's Gross Margin at 74.17% in Q2 2026, 77.5% in Q1 2026, and 81.79% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 68.62% |
| 2 | Enbridge | 110.90 Bn | 109.41 Bn | 5.23 Bn | 24.69% |
| 3 | Enterprise Products Partners | 83.47 Bn | 82.57 Bn | - | - |
| 4 | Energy Transfer | 72.69 Bn | 71.66 Bn | 7.40 Bn | 21.55% |
| 5 | Tc Energy | 65.95 Bn | 58.39 Bn | 1.24 Bn | 95.91% |
| 6 | Oneok | 60.15 Bn | 59.99 Bn | 2.81 Bn | 23.30% |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 82.28% |
| 8 | Targa Resources | 59.51 Bn | 59.37 Bn | 2.14 Bn | 48.15% |
| 9 | Cheniere Energy | 56.09 Bn | 54.84 Bn | 5.29 Bn | 92.34% |
| 10 | Antero Midstream | 10.58 Bn | 10.58 Bn | 242.72 Mn | 74.17% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 74.17% |
| Mar 31, 2026 | 77.50% |
| Dec 31, 2025 | 81.79% |
| Sep 30, 2025 | 80.37% |
| Jun 30, 2025 | 79.34% |
| Mar 31, 2025 | 80.48% |
| Dec 31, 2024 | 80.55% |
| Sep 30, 2024 | 80.83% |
| Jun 30, 2024 | 79.09% |
| Mar 31, 2024 | 80.68% |
| Dec 31, 2023 | 80.48% |
| Sep 30, 2023 | 80.32% |
| Jun 30, 2023 | 79.64% |
| Mar 31, 2023 | 77.70% |
| Dec 31, 2022 | 80.01% |
| Sep 30, 2022 | 79.81% |
| Jun 30, 2022 | 81.08% |
| Mar 31, 2022 | 80.77% |
| Dec 31, 2021 | 82.10% |
| Sep 30, 2021 | 82.43% |