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.

• In Q1 2026, Net Margin fell 383.0% year-over-year to 37.64%; the TTM figure through Mar 2026 stood at 33.9% (down 345.0% YoY), while the FY2025 annual figure was 34.77%, down 148.0% from the prior year.
• Net Margin was 37.64% for Q1 2026 at Antero Midstream, up from 17.48% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 90.37% in Q4 2023 to a low of 17.48% in Q4 2025.
• Historically, Net Margin has averaged 38.7% across 5 years, with a median of 36.96% in 2024.
• The sharpest annual moves came in 2023 and 2024: Net Margin jumped 5609 bps in 2023, then sank 5169 bps in 2024.
• A 5-year view of Net Margin shows it stood at 34.28% in 2022, then soared by 164 bps to 90.37% in 2023, then tumbled by 57 bps to 38.68% in 2024, then plunged by 55 bps to 17.48% in 2025, then soared by 115 bps to 37.64% in 2026.
• The last three Net Margin figures came in at 37.64% (Q1 2026), 17.48% (Q4 2025), and 39.34% (Q3 2025), per Business Quant data.