Antero Midstream (AM) Operating Income (2017 - 2026)
Antero Midstream (AM) posted Operating Income of $188.6 million for Q1 2026, up 87.66% on a QoQ basis from $100.5 million in Q4 2025, and up 6.43% year-on-year from $177.2 million in Q1 2025.
Antero Midstream (AM) Operating Income (2017 - 2026) Analysis & Trends
Antero Midstream has disclosed Operating Income across 10 years of filings, most recently posting $188.6 million for Q1 2026.
- Operating Income for Q1 2026 came in at $188.6 million, up 6.43% year-over-year; the trailing twelve-month figure through Mar 2026 was $656.1 million (up 419.93% YoY), and the FY2025 annual result was $644.7 million, up 459.56% from the prior year.
- Operating Income came in at $188.6 million for Q1 2026 at Antero Midstream, up from $100.5 million in the prior quarter.
- Over the last five years, Operating Income for AM reached as high as $188.6 million in Q1 2026 and fell as low as -$366.2 million in Q4 2024.
- Median Operating Income over the past 5 years was $148.3 million (2023), compared with a mean of $67.5 million.
- Year-over-year, Operating Income retreated 16.23% in 2023 and surged 127.44% in 2025.
- Over 5 years, Operating Income stood at -$302.1 million in 2022, then slipped by 16.23% to -$351.2 million in 2023, then declined by 4.29% to -$366.2 million in 2024, then soared by 127.44% to $100.5 million in 2025, then surged by 87.66% to $188.6 million in 2026.
- Per Business Quant, the three latest AM Operating Income figures stand at $188.6 million (Q1 2026), $100.5 million (Q4 2025), and $180.5 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 2.35 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.44 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 1.90 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 2.98 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 846.90 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 1.21 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 1.43 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 361.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 1.15 Bn |
| 10 | Antero Midstream | 108.06 Mn | 108.06 Mn | 243.51 Mn | 188.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 188.61 Mn |
| Dec 31, 2025 | 100.51 Mn |
| Sep 30, 2025 | 180.49 Mn |
| Jun 30, 2025 | 186.44 Mn |
| Mar 31, 2025 | 177.22 Mn |
| Dec 31, 2024 | -366.22 Mn |
| Sep 30, 2024 | 162.43 Mn |
| Jun 30, 2024 | 152.75 Mn |
| Mar 31, 2024 | 166.25 Mn |
| Dec 31, 2023 | -351.17 Mn |
| Sep 30, 2023 | 162.31 Mn |
| Jun 30, 2023 | 145.52 Mn |
| Mar 31, 2023 | 148.35 Mn |
| Dec 31, 2022 | -302.14 Mn |
| Sep 30, 2022 | 137.77 Mn |
| Jun 30, 2022 | 128.40 Mn |
| Mar 31, 2022 | 129.15 Mn |
| Dec 31, 2021 | -332.57 Mn |
| Sep 30, 2021 | 141.82 Mn |
| Jun 30, 2021 | 151.40 Mn |