Antero Midstream (AM) Operating Expenses (2016 - 2026)

Antero Midstream's Operating Expenses history runs 11 years deep, the most recent figure standing at $125.6 million for Q1 2026.

• On a quarterly basis, Operating Expenses rose 10.27% year-over-year to $125.6 million in Q1 2026; TTM through Mar 2026 was $555.5 million, a 23.95% increase from a year earlier, with the FY2025 full-year figure at $543.8 million, up 21.64% from the prior year.
• Operating Expenses declined to $125.6 million in Q1 2026 per AM's latest filing, from $196.5 million in the prior quarter.
• Across five years, Operating Expenses topped out at $196.5 million in Q4 2025 and bottomed at $89.3 million in Q1 2022.
• The 5-year median for Operating Expenses is $111.1 million (2023), against an average of $113.3 million.
• Across the five-year window, Operating Expenses declined 1.32% in 2022 and surged 79.05% in 2025, its largest moves.
• Year by year, Operating Expenses stood at $97.4 million in 2022, then gained by 7.27% to $104.5 million in 2023, then increased by 5.03% to $109.7 million in 2024, then jumped by 79.05% to $196.5 million in 2025, then sank by 36.08% to $125.6 million in 2026.
• Per Business Quant, the three latest AM Operating Expenses figures stand at $125.6 million (Q1 2026), $196.5 million (Q4 2025), and $114.3 million (Q3 2025).