Antero Midstream (AM) Operating Expenses (2016 - 2026)
Antero Midstream (AM) posted Operating Expenses of $145.3 million for Q2 2026, up 15.71% on a QoQ basis from $125.6 million in Q1 2026, and up 22.1% year-over-year from $119.0 million in Q2 2025.
Analysis
Antero Midstream (AM) Operating Expenses (2016 - 2026) Analysis & Trends
Antero Midstream has reported Operating Expenses for 11 years, with the latest figure at $145.3 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 22.1% year-over-year to $145.3 million in Q2 2026; TTM through Jun 2026 was $581.8 million, a 29.25% increase from a year earlier, with the FY2025 full-year figure at $543.8 million, up 21.64% from the prior year.
- Operating Expenses was $145.3 million for Q2 2026 at Antero Midstream, up from $125.6 million in the prior quarter.
- The five-year high for Operating Expenses was $196.5 million in Q4 2025, with the low at $89.3 million in Q1 2022.
- Average Operating Expenses over 5 years is $115.1 million, with a median of $111.9 million recorded in 2023.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses dropped 1.32% in 2022, then jumped 79.05% in 2025.
- Over 5 years, Operating Expenses stood at $97.4 million in 2022, then advanced by 7.27% to $104.5 million in 2023, then rose by 5.03% to $109.7 million in 2024, then surged by 79.05% to $196.5 million in 2025, then dropped by 26.04% to $145.3 million in 2026.
- The last three Operating Expenses figures came in at $145.3 million (Q2 2026), $125.6 million (Q1 2026), and $196.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 16.13 Bn |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 30.76 Bn |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | - |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 354.10 Mn |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 1.93 Bn |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 4.00 Mn |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 19.09 Bn |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 132.00 Mn |
| 10 | Antero Midstream | 10.73 Bn | 10.73 Bn | 242.72 Mn | 145.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 145.34 Mn |
| Mar 31, 2026 | 125.60 Mn |
| Dec 31, 2025 | 196.50 Mn |
| Sep 30, 2025 | 114.33 Mn |
| Jun 30, 2025 | 119.03 Mn |
| Mar 31, 2025 | 113.91 Mn |
| Dec 31, 2024 | 109.74 Mn |
| Sep 30, 2024 | 107.44 Mn |
| Jun 30, 2024 | 117.04 Mn |
| Mar 31, 2024 | 112.80 Mn |
| Dec 31, 2023 | 104.49 Mn |
| Sep 30, 2023 | 101.53 Mn |
| Jun 30, 2023 | 112.76 Mn |
| Mar 31, 2023 | 111.13 Mn |
| Dec 31, 2022 | 97.41 Mn |
| Sep 30, 2022 | 93.26 Mn |
| Jun 30, 2022 | 100.51 Mn |
| Mar 31, 2022 | 89.34 Mn |
| Dec 31, 2021 | 87.97 Mn |
| Sep 30, 2021 | 82.98 Mn |