The Tip Desk

Antero Midstream Corp

Company Stats

Market Cap
$9.6B
as of Sep 30, 2026
Enterprise Value
$12.6B
Shares Outstanding
474.7M
Free Float
37.2%

Income Statement

Revenue
$1.2B
Operating Income
$644.7M
Net Income
$413.2M
EBITDA
$779.0M
Non-cash Impairment
$984,000
Revenue Growth, 3Y
8.9%

Balance Sheet

Cash & Equivalents
$180.4M
Total Debt
$3.2B
Net Debt
$3.1B
Net Debt / EBITDA
3.94x
EV / EBITDA
16.23x
Net Debt / EBIT
4.76x

Returns & Capital

Dividends Paid
$439.0M
Dividend Yield
4.6%
Dividend Payout, 3Y Avg
110.8%
Share Repurchases
$135.0M
SBC, 3Y Avg
$40.6M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$1.2B——
FY2024$1.1B$774.0M70.0%
FY2023$1.0B$778.8M74.8%
FY2022$920.0M$482.9M52.5%
FY2021$898.2M——

Annual filing data through FY ended December 31, 2025; shares and float as of October 13, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage