
AM's Q1 revenues top estimates on strong volumes, but rising costs weigh on earnings despite robust gathering and compression growth.
Antero Midstream Corporation owns, operates and develops midstream energy infrastructure. The company is headquartered in Denver, Colorado.
| Revenue (TTM) | $1.29B |
| Gross Profit (TTM) | $1.04B |
| EBITDA | $950.60M |
| Operating Margin | 55.40% |
| Return on Equity | 20.40% |
| Return on Assets | 7.61% |
| Revenue/Share (TTM) | $2.70 |
| Book Value | $4.08 |
| Price-to-Book | 5.51 |
| Price-to-Sales (TTM) | 8.39 |
| EV/Revenue | 11.18 |
| EV/EBITDA | 14.83 |
| Quarterly Earnings Growth (YoY) | -0.30% |
| Quarterly Revenue Growth (YoY) | 8.60% |
| Shares Outstanding | $474.98M |
| Float | $330.35M |
| % Insiders | 30.61% |
| % Institutions | 60.56% |
Volatility is currently expanding

AM's Q1 revenues top estimates on strong volumes, but rising costs weigh on earnings despite robust gathering and compression growth.

Antero Midstream generated $288 million in Q1 2026 adjusted EBITDA with a partial quarter contribution from its HG Midstream acquisition. It expects roughly $309 million per quarter in adjusted EBITDA during the rest of the year. Future growth results in a projected $1.4 billion in 2028 adjusted EBITDA in a base case scenario and $1.5 billion in an upside scenario.

Antero Midstream Corporation (AM) Q1 2026 Earnings Call Transcript

Antero Midstream now guides for single-digit growth. AM's stock price has risen substantially since 2020. That rise has pushed valuation metrics, including a P/E ratio nearing 20, to uncomfortable highs. Current pricing exposes investors to downside risk relative to historical valuation norms.

DENVER, April 15, 2026 /PRNewswire/ -- Antero Resources (NYSE: AR) ("Antero" or the "Company") today announced that the Company plans to issue its first quarter 2026 earnings release on Wednesday, April 29, 2026 after the close of trading on the New York Stock Exchange. A conference call is scheduled on Thursday, April 30, 2026 at 9:00 am MT to discuss the financial and operational results.

DENVER, April 15, 2026 /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream" or the "Company") today announced that the Board of Directors of Antero Midstream declared a cash dividend of $0.225 per share for the first quarter of 2026. The Company also repurchased approximately 1.0 million shares during the first quarter.