Antero Midstream (AM) Tax Rate (2016 - 2026)
Antero Midstream (AM) posted Tax Rate of 24.14% for Q1 2026, down 26.23% on a QoQ basis from 32.73% in Q4 2025, and up 113.0% year-on-year from 11.33% in Q1 2025.
Antero Midstream (AM) Tax Rate (2016 - 2026) Analysis & Trends
Antero Midstream has disclosed Tax Rate across 11 years of filings, most recently posting 24.14% for Q1 2026.
- Tax Rate for Q1 2026 came in at 24.14%, up 113.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 27.09% (up 101.0% YoY), and the FY2025 annual result was 26.77%, down 16.0% from the prior year.
- Tax Rate came in at 24.14% for Q1 2026 at Antero Midstream, down from 32.73% in the prior quarter.
- Over the last five years, Tax Rate for AM reached as high as 32.73% in Q4 2025 and fell as low as 79.05% in Q4 2023.
- Median Tax Rate over the past 5 years was 26.1% (2025), compared with a mean of 20.42%.
- Year-over-year, Tax Rate sank 10736 bps in 2023 and jumped 10768 bps in 2024.
- Over 5 years, Tax Rate stood at 28.31% in 2022, then tumbled by 379 bps to 79.05% in 2023, then jumped by 136 bps to 28.63% in 2024, then rose by 14 bps to 32.73% in 2025, then slipped by 26 bps to 24.14% in 2026.
- Per Business Quant, the three latest AM Tax Rate figures stand at 24.14% (Q1 2026), 32.73% (Q4 2025), and 28.26% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 24.82% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 22.28% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 1.45% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 6.40% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 20.27% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 0.11% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 24.00% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | - |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 15.08% |
| 10 | Antero Midstream | 108.06 Mn | 108.06 Mn | 243.51 Mn | 24.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.14% |
| Mar 31, 2026 | 24.14% |
| Dec 31, 2025 | 32.73% |
| Dec 31, 2025 | 32.73% |
| Sep 30, 2025 | 28.26% |
| Sep 30, 2025 | 28.26% |
| Jun 30, 2025 | 26.10% |
| Jun 30, 2025 | 26.10% |
| Mar 31, 2025 | 23.02% |
| Mar 31, 2025 | 23.02% |
| Dec 31, 2024 | 28.63% |
| Dec 31, 2024 | 28.63% |
| Sep 30, 2024 | 27.69% |
| Sep 30, 2024 | 27.69% |
| Jun 30, 2024 | 24.84% |
| Jun 30, 2024 | 24.84% |
| Mar 31, 2024 | 25.99% |
| Mar 31, 2024 | 25.99% |
| Dec 31, 2023 | -79.05% |
| Dec 31, 2023 | -79.05% |