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Companies / Energy / Antero Midstream Corp
AM

Antero Midstream Corp

EnergyElectric, Gas & Water
Ticker AMDENVER, COFiscal year ends DecemberBook value per share $4.07Diluted shares 477.5M

Antero Midstream Corporation (NYSE: AM) owns, operates and develops midstream energy infrastructure serving natural gas and liquids production in the Appalachian Basin, primarily for Antero Resources. It gathers and compresses natural gas, holds interests in processing and fractionation plants, and provides water… From the company’s description.

In fiscal 2025, Antero Midstream Corp reported revenue of $1.19B, up 7.4% from fiscal 2024, and net income of $413.16M. Its operating margin was 54.2%, and operations generated $932.46M in cash. Over the twelve months to Jun 30, 2026, revenue was $1.23B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.19BFY2025
+7.4% year over year
Last 12 mo $1.23B
54.25%FY2025
−5.3 percentage points
Last 12 mo 52.83%
$413.16MFY2025
+3.1% year over year
Last 12 mo $399.69M
20.99%FY2025
+2 percentage points
Last 12 mo 20.55%
Cash & financing
$932.46MFY2025
+10.5% year over year
Last 12 mo $961.21M
$932.46MFY2025
+20.5% year over year
Last 12 mo $961.21M
1.63FY2025
Was 1.47× a year earlier
Last 12 mo 1.83
482.2MFY2025
−0.6% year over year
Last 12 mo 477.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Antero Midstream Corp does

In the company’s own words

Antero Midstream Corporation (NYSE: AM) owns, operates and develops midstream energy infrastructure serving natural gas and liquids production in the Appalachian Basin, primarily for Antero Resources. It gathers and compresses natural gas, holds interests in processing and fractionation plants, and provides water delivery, blending, storage and other fluid-handling services used in well completion and production. Its operations are organized into gathering and processing and water handling reportable segments. As of December 31, 2025, its Appalachian Basin systems included 426 miles of low-pressure and 305 miles of high-pressure gathering pipelines, 4.8 Bcf/d of compression capacity, and 423 miles of water pipelines; the company also had 33 water impoundments with about 5 million barrels of storage capacity. Antero Resources is its most significant customer, and substantially all of the producer’s acreage is dedicated to the company’s gathering, compression and water services. In February 2026, Antero Midstream completed an acquisition of West Virginia gathering and water assets and agreed to sell substantially all its Utica Shale midstream assets in Ohio. Its website is www.anteromidstream.com.

Company details
Sector
Energy
Industry (SIC)
Electric, Gas & Water
Headquarters
DENVER, CO
Fiscal year end
December
CIK
1623925
SIC
4922

Financial performance, year by year

Fiscal 2017–2025 · USD
$-513.95M$-37.44M$439.08M$915.60M$1.39B201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Antero Midstream Corp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

417
funds hold it
1 of 35
superinvestors hold it
$3.38B
held by funds, at market
32.4%
of shares held by funds

Superinvestors in Antero Midstream Corp · what they did last quarter

Glenn GreenbergDECREASED -0.9%
Brave Warrior Advisors
0.9%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Antero Midstream Corp’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.21%of fund net assets
Invesco SteelPath MLP Income Fund
MLPRX · AIM Investment Funds (Invesco Investment Funds)
5.60%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.09%of fund net assets
Tortoise Energy Infrastructure Total Return Fund
TORTX · Tortoise Capital Series Trust
4.59%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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