# Antero Midstream Corporation (AM) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Energy / Oil, Gas & Fuels. Price $20.94, market value $9.9 billion.

## Valuation
- **P/E (trailing): 14.7×** (5-yr avg 14.7×, 3-yr avg 16.9×). Antero Midstream Corporation trades at 14.7× trailing earnings, close to its own five-year average of 14.7×. The Energy median in the September 2026 study was 16.8×. Forward P/E is 13.0×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 3.59**. A PEG of 3.59 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 7.8×**. Each dollar of revenue is priced at 7.8×.
- **Price / book: 4.5×**. The shares trade at 4.5× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 10.3×**. Enterprise value is 10.3× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Earnings yield: 6.8%**. The inverse of the P/E: 6.8% of the price is earned each year.

## Profitability
- **Operating margin: 81.3%**. 81.3% of revenue is left after running the business, an exceptional level.
- **Net margin: 34.8%**. 34.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 21.0%**. 21.0% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 16.2%**. Return on all capital, debt included, is 16.2%: comfortably above what that capital costs.
- **Return on assets: 11.5%**. Each dollar of assets produces 11.5% of profit.

## Growth
- **Revenue growth (1 yr): 7.4%** (3-yr 8.9%/yr, 5-yr 5.7%/yr). Revenue grew 7.4% over the last year, against 5.7% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 3.6%** (3-yr 8.1%/yr). Earnings per share rose 3.6%, roughly in step with revenue.

## Financial health
- **Debt to equity: 1.63**. Debt is 1.63 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 2.4×**. It would take 2.4 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 3.41** (quick 3.41). Current assets cover the next year's liabilities 3.41 times.
- **Altman Z-score: 2.60**. A Z-score of 2.60 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 4.30%** ($0.90 per share, trailing). Antero Midstream Corporation yields 4.30%, an income-level yield.
- **Payout ratio: 106%**. The dividend exceeds earnings (106% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 3**. 3 straight years of increases.
- **Dividend growth (5 yr): -6.1%/yr** (1-yr 0.0%). The dividend has not grown over five years.
- **Shareholder yield: 5.3%**. Dividends plus net buybacks return 5.3% of the market value a year.

## Analyst view
- **Analyst consensus: hold** (7 analysts). 7 analysts cover Antero Midstream Corporation; the consensus is hold, with an average price target of $24.00 (+15% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 25.0%** (YTD 21.2%, 3-mo -5.1%). The shares are up 25.0% over twelve months including dividends.
- **From 52-week high: -12.1%** (22.5% above the low). Trading 12% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 48**. An RSI of 48 is neutral.
- **Beta (1 yr): -0.08** (volatility 22%). Beta of -0.08 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AM · Page: https://foliofundamentals.com/stocks/am

Not investment advice.