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

Antero Midstream has reported Gross Margin for 8 years, with the latest figure at 74.17% in Q2 2026.

• On a quarterly basis, Gross Margin fell 517.0% year-over-year to 74.17% in Q2 2026; TTM through Jun 2026 was 78.34%, a 194.0% decrease from a year earlier, with the FY2025 full-year figure at 80.49%, up 19.0% from the prior year.
• Gross Margin was 74.17% for Q2 2026 at Antero Midstream, 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.
• Average Gross Margin over 5 years is 79.7%, with a median of 80.34% recorded in 2023.
• The sharpest annual moves came in 2024 and 2026: Gross Margin soared 298 bps in 2024, then tumbled 517 bps in 2026.
• Over 5 years, Gross Margin stood at 80.01% in 2022, then gained by 1 bps to 80.48% in 2023, then advanced by 0 bps to 80.55% in 2024, then gained by 2 bps to 81.79% in 2025, then declined by 9 bps to 74.17% in 2026.
• The last three Gross Margin figures came in at 74.17% (Q2 2026), 77.5% (Q1 2026), and 81.79% (Q4 2025), per Business Quant data.