Antero Midstream AM
United StatesEnergy · Oil & Gas MidstreamUSD
24.00 USD (+15.1%)
7 analysts
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Antero Midstream Corporation is a midstream company that owns and operates natural gas and natural gas liquids gathering, compression, and processing infrastructure in the Appalachian Basin, primarily for Antero Resources.
Key points
from its scores- ✓Favourable backdrop7.7
- ✓High-quality business7.0
- ✕Demanding valuation4.2
- ✕Weak growth4.7
- !Modest dividend5.1
AI analysis
bottom line, main risk, context and newsBusiness quality is high, but valuation and negative growth limit upside potential.
Antero Midstream shows solid financial health with a 52% operating margin and 19.8% ROE, but its valuation is demanding (P/E 25.1, P/B 5.1) and earnings growth is negative (-8%), with a 108% payout pressuring the dividend.
Dependence on a single main customer, Antero Resources, concentrates business and tariff risk in one commercial relationship.
Context and risks
No recent relevant news. Antero's midstream business is subject to sector-specific regulatory and tariff risks, but there are no concrete events justifying an adjustment beyond what is already reflected in the base risk.
Is Antero Midstream stock cheap or expensive?
at the analysis dateOn P/E, it trades 60% above the Energy median.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 25.1 | 15.7 | +60% |
| Price / book | 5.1 | 2.2 | +127% |
| Price / sales | 7.5 | 1.9 | +294% |
Sector: median of the 102 Energy companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.2 out of 10 (median for Energy: 5.9).
Average analyst target: 24.00 USD, +15.1% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 7.0 (sector 5.8), Growth 4.7 (sector 7.2).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Energy medianValuation
- P/E
- 25.1
- Forward P/E
- 12.9
- Price / book
- 5.1
- Price / sales
- 7.5
- Market cap
- 9.9B USD
Profitability
- ROE
- 19.8%
- ROA
- 7.6%
- ROIC (approx.)
- 12.3%
- Gross margin
- 79.6%
- Operating margin
- 52.0%
- Net margin
- 30.4%
- Free cash flow
- 432.6M USD
- FCF yield
- 4.4%
- Cash conversion
- 45%
Solvency
- Total debt
- 3.6B USD
- EBITDA
- 955.3M USD
- Debt / equity
- 185.54
- Current ratio
- 0.84
- Quick ratio
- 0.83
Growth
- Revenue growth
- +8.3%
- Earnings growth
- −8.0%
- EPS (TTM)
- 0.83 USD
- EPS (forward)
- 1.61 USD
Dividend
- Dividend yield
- 4.3%
- Payout
- 108.4%
Risk and market
- Beta
- 0.69
- Analyst consensus
- none (7)
- Target price
- 24.00 USD
- 52-week range
- 16.96 – 23.84
Recent news
All AM news →Compare it with its sector
All 102 in Energy →Frequently asked questions about Antero Midstream
Is Antero Midstream stock cheap or expensive?
On P/E, it trades 60% above the Energy median. Valuation score: 4.2 out of 10 (median for Energy: 5.9). Average analyst target: 24.00 USD, +15.1% versus the price. This is not investment advice.
What score does Antero Midstream get on MeridIAn Screener?
It scores 6.1 out of 10, rank 867 of 2,130 (better than 55% of the companies analysed). Its strongest category is Risk & Context (7.7) and its weakest, Valuation (4.2). Analysis of 08/10/2026.
What is Antero Midstream's P/E ratio?
Its P/E is 25.1: the share price equals 25.1 times earnings per share over the last 12 months. The Energy median is 15.7. Based on the earnings analysts expect, the forward P/E is 12.9.
How much is Antero Midstream worth on the stock market?
Its market capitalisation is 9.9B USD.
Does Antero Midstream pay a dividend?
Yes: its dividend yield is 4.32% and it pays out 108% of its earnings.
How has Antero Midstream stock performed over the last year?
It has risen 18.5% over the last year, excluding dividends. Over the last 52 weeks it has traded between 16.96 and 23.84 USD. Past performance does not guarantee future results.
What do analysts think of Antero Midstream?
7 analysts cover it; their average recommendation is “none” and their average target is 24.00 USD (+15.1% versus the price). It is an estimate, not market data.