Antero Midstream (AM) Gross Margin (2019 - 2026)
Antero Midstream (AM) posted Gross Margin of 74.17% for Q2 2026, down 5.17 percentage points from 79.34% a year earlier and down 3.33 percentage points from the prior quarter.
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Analysis
Antero Midstream (AM) Gross Margin (2019 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Antero Midstream was 78.34%, down 1.94 percentage points year-over-year; for FY2025, it was 80.49%, up 0.19 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of -1.15 percentage points (FY2020 to FY2025).
- In prior years, Antero Midstream's Gross Margin was 80.29% in FY2024 (+0.76 pp), 79.54% in FY2023 (-0.87 pp), 80.41% in FY2022 (-2.10 pp) and 82.51% in FY2021 (+0.87 pp).
- The Q2 2026 figure stands as the lowest quarterly Gross Margin since Q1 2019.
- On a year-over-year basis, Gross Margin increased in four of the last eight quarters, with an average year-over-year change of -0.84 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q1 2024, with a gain of 2.98 percentage points; the weakest was Q2 2026, with a drop of 5.17 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 77.50% (Q1 2026), 81.79% (Q4 2025) and 80.37% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 22.85% |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | - |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 21.55% |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 68.62% |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 98.16% |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 48.15% |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 87.77% |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 23.30% |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 92.34% |
| 10 | Antero Midstream | 9.83 Bn | 9.83 Bn | 242.72 Mn | 74.17% |
Historic Data
Download Data
Historic 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% |
API Access
Antero Midstream Gross 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=gross-margin&ticker=AM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=AM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();