Antero Midstream (AM) Gross Margin (2019 - 2026)

Antero Midstream has disclosed Gross Margin across 8 years of filings, most recently posting 77.5% for Q1 2026.

• Gross Margin for Q1 2026 came in at 77.5%, down 298.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 79.71% (down 53.0% YoY), and the FY2025 annual result was 80.49%, up 19.0% from the prior year.
• Gross Margin came in at 77.5% for Q1 2026 at Antero Midstream, down from 81.79% in the prior quarter.
• Over the last five years, Gross Margin for AM reached as high as 81.79% in Q4 2025 and fell as low as 77.5% in Q1 2026.
• Median Gross Margin over the past 5 years was 80.37% (2025), compared with a mean of 80.03%.
• Year-over-year, Gross Margin slumped 308 bps in 2023 and soared 298 bps in 2024.
• Over 5 years, Gross Margin stood at 80.01% in 2022, then rose by 1 bps to 80.48% in 2023, then gained by 0 bps to 80.55% in 2024, then rose by 2 bps to 81.79% in 2025, then decreased by 5 bps to 77.5% in 2026.
• Per Business Quant, the three latest AM Gross Margin figures stand at 77.5% (Q1 2026), 81.79% (Q4 2025), and 80.37% (Q3 2025).