Antero Midstream (AM) Intangibles (2019 - 2026)
Antero Midstream (AM) recorded Intangibles of $1.65 billion in Q2 2026, up 48.9% from $1.11 billion a year earlier but down 1.8% from the prior quarter.
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Analysis
Antero Midstream (AM) Intangibles (2019 - 2026) Analysis & Trends
At the end of FY2025, Antero Midstream reported Intangibles of $1.07 billion, down 6.2% from FY2024.
- Annual Intangibles has declined for six straight years, with a five-year compound annual growth rate of -5.5% (FY2020 to FY2025).
- Across earlier years, Intangibles came in at $1.14 billion in FY2024 (-5.8%), $1.22 billion in FY2023 (-5.5%), $1.29 billion in FY2022 (-5.2%) and $1.36 billion in FY2021 (-5.0%).
- Quarterly Intangibles has ranged from $1.07 billion in Q4 2025 to $1.68 billion in Q1 2026 over the past five years.
- On a year-over-year basis, Intangibles rose in two of the last eight quarters, with growth averaging 7.8%.
- Peak year-over-year performance for Intangibles in the last five years was growth of 49.3% in Q1 2026, against a decline of 6.2% in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $1.68 billion (Q1 2026), $1.07 billion (Q4 2025) and $1.09 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.88 Bn | 99.42 Bn | 4.84 Bn | 2.87 Bn |
| 2 | Enterprise Products Partners | 77.78 Bn | 76.22 Bn | - | 4.05 Bn |
| 3 | Energy Transfer | 68.56 Bn | 62.00 Bn | 7.40 Bn | 7.16 Bn |
| 4 | Kinder Morgan | 67.77 Bn | 68.72 Bn | 3.07 Bn | 1.87 Bn |
| 5 | Tc Energy | 60.65 Bn | 63.72 Bn | 2.81 Bn | - |
| 6 | Targa Resources | 58.65 Bn | 58.26 Bn | 2.14 Bn | 2.11 Bn |
| 7 | Mplx | 57.82 Bn | 51.38 Bn | 2.91 Bn | 1.32 Bn |
| 8 | Cheniere Energy | 55.20 Bn | 55.33 Bn | 5.29 Bn | - |
| 9 | Oneok | 54.77 Bn | 53.26 Bn | 2.81 Bn | 2.84 Bn |
| 10 | Antero Midstream | 9.61 Bn | 9.61 Bn | 242.72 Mn | 1.65 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.65 Bn |
| Mar 31, 2026 | 1.68 Bn |
| Dec 31, 2025 | 1.07 Bn |
| Sep 30, 2025 | 1.09 Bn |
| Jun 30, 2025 | 1.11 Bn |
| Mar 31, 2025 | 1.13 Bn |
| Dec 31, 2024 | 1.14 Bn |
| Sep 30, 2024 | 1.16 Bn |
| Jun 30, 2024 | 1.18 Bn |
| Mar 31, 2024 | 1.20 Bn |
| Dec 31, 2023 | 1.22 Bn |
| Sep 30, 2023 | 1.23 Bn |
| Jun 30, 2023 | 1.25 Bn |
| Mar 31, 2023 | 1.27 Bn |
| Dec 31, 2022 | 1.29 Bn |
| Sep 30, 2022 | 1.30 Bn |
| Jun 30, 2022 | 1.32 Bn |
| Mar 31, 2022 | 1.34 Bn |
| Dec 31, 2021 | 1.36 Bn |
| Sep 30, 2021 | 1.37 Bn |
API Access
Antero Midstream Intangibles 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=intangibles&ticker=AM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "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=intangibles&ticker=AM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();