Antero Midstream (AM) Operating Margin (2017 - 2026)
Antero Midstream (AM) posted quarterly Operating Margin of 55.59% for Q2 2026, down 545.0% year-over-year from 12.49% in Q2 2025, and down 7.39% quarter-over-quarter from 60.03% in Q1 2026.
Antero Midstream (AM) Operating Margin (2017 - 2026) Analysis & Trends
Antero Midstream's Operating Margin history runs 10 years deep, the most recent figure standing at 55.59% for Q2 2026.
- In Q2 2026, Operating Margin fell 545.0% year-over-year to 55.59%; the TTM figure through Jun 2026 stood at 52.83% (down 816.0% YoY), while the FY2025 annual figure was 54.25%, down 534.0% from the prior year.
- Operating Margin for Q2 2026 stood at 55.59%, down from 60.03% in the prior quarter.
- The five-year high for Operating Margin was 61.83% in Q4 2024, with the low at 33.84% in Q4 2025.
- The 5-year median for Operating Margin is 59.65% (2022), against an average of 57.79%.
- Peak annual rise in Operating Margin reached 442 bps in 2025, while the deepest fall reached 2798 bps in 2025.
- Antero Midstream's Operating Margin stood at 59.67% in 2022, then advanced by 0 bps to 59.84% in 2023, then advanced by 3 bps to 61.83% in 2024, then plunged by 45 bps to 33.84% in 2025, then soared by 64 bps to 55.59% in 2026.
- Business Quant data shows AM's Operating Margin at 55.59% in Q2 2026, 60.03% in Q1 2026, and 33.84% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 30.06% |
| 2 | Enbridge | 110.90 Bn | 109.41 Bn | 5.23 Bn | 9.93% |
| 3 | Enterprise Products Partners | 83.47 Bn | 82.57 Bn | - | 12.31% |
| 4 | Energy Transfer | 72.69 Bn | 71.66 Bn | 7.40 Bn | 10.41% |
| 5 | Tc Energy | 65.95 Bn | 58.39 Bn | 1.24 Bn | 29.84% |
| 6 | Oneok | 60.15 Bn | 59.99 Bn | 2.81 Bn | 13.22% |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 41.61% |
| 8 | Targa Resources | 59.51 Bn | 59.37 Bn | 2.14 Bn | 27.80% |
| 9 | Cheniere Energy | 56.09 Bn | 54.84 Bn | 5.29 Bn | 74.84% |
| 10 | Antero Midstream | 10.58 Bn | 10.58 Bn | 242.72 Mn | 55.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 55.59% |
| Mar 31, 2026 | 60.03% |
| Dec 31, 2025 | 33.84% |
| Sep 30, 2025 | 61.22% |
| Jun 30, 2025 | 61.03% |
| Mar 31, 2025 | 60.87% |
| Dec 31, 2024 | 61.83% |
| Sep 30, 2024 | 60.19% |
| Jun 30, 2024 | 56.62% |
| Mar 31, 2024 | 59.58% |
| Dec 31, 2023 | 59.84% |
| Sep 30, 2023 | 61.52% |
| Jun 30, 2023 | 56.34% |
| Mar 31, 2023 | 57.17% |
| Dec 31, 2022 | 59.67% |
| Sep 30, 2022 | 59.63% |
| Jun 30, 2022 | 56.09% |
| Mar 31, 2022 | 59.11% |
| Dec 31, 2021 | 59.37% |
| Sep 30, 2021 | 63.09% |