Antero Midstream (AM) Net Margin (2016 - 2026)

Antero Midstream's Net Margin history runs 11 years deep, the most recent figure standing at 37.64% for Q1 2026.

• On a quarterly basis, Net Margin fell 383.0% year-over-year to 37.64% in Q1 2026; TTM through Mar 2026 was 46.23%, a 597.0% increase from a year earlier, with the FY2025 full-year figure at 47.34%, up 816.0% from the prior year.
• Net Margin eased to 37.64% in Q1 2026 per AM's latest filing, from 67.78% in the prior quarter.
• Across five years, Net Margin topped out at 80.25% in Q4 2023 and bottomed at 31.89% in Q2 2024.
• The 5-year median for Net Margin is 37.24% (2024), against an average of 42.32%.
• Across the five-year window, Net Margin slumped 3621 bps in 2022 and jumped 3591 bps in 2023, its largest moves.
• Year by year, Net Margin stood at 44.34% in 2022, then soared by 81 bps to 80.25% in 2023, then tumbled by 38 bps to 49.99% in 2024, then jumped by 36 bps to 67.78% in 2025, then plunged by 44 bps to 37.64% in 2026.
• Per Business Quant, the three latest AM Net Margin figures stand at 37.64% (Q1 2026), 67.78% (Q4 2025), and 39.34% (Q3 2025).