# Antero Midstream Corporation (AM) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Energy / Oil, Gas & Consumable Fuels. Price $22.60, market value $10.7 billion.

## Valuation
- **P/E (trailing): 27.2×** (5-yr avg 14.7×, 3-yr avg 16.9×). Antero Midstream Corporation trades at 27.2× trailing earnings, well above its own five-year average of 14.7×: investors are paying up relative to the company's past. The Energy median in the September 2026 study was 16.8×. Forward P/E is 14.0×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 3.88**. A PEG of 3.88 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 8.7×**. Each dollar of revenue is priced at 8.7×.
- **Price / book: 5.5×**. The shares trade at 5.5× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 15.8×**. Enterprise value is 15.8× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Earnings yield: 3.7%**. The inverse of the P/E: 3.7% of the price is earned each year.

## Profitability
- **Operating margin: 52.8%**. 52.8% 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: 10.3%**. Return on all capital, debt included, is 10.3%.
- **Return on assets: 6.8%**. Each dollar of assets produces 6.8% 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: 3.5×**. It would take 3.5 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Altman Z-score: 2.68**. A Z-score of 2.68 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.98%** ($0.90 per share, trailing). Antero Midstream Corporation yields 3.98%, 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.

## Analyst view
- **Analyst consensus: hold** (7 analysts). 7 analysts cover Antero Midstream Corporation; the consensus is hold, with an average price target of $24.29 (+7% 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): 30.7%** (YTD 31.3%, 3-mo 6.1%). The shares are up 30.7% over twelve months including dividends.
- **From 52-week high: -5.2%** (33.3% above the low). Trading 5% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 56**. An RSI of 56 is neutral.
- **Beta (1 yr): -0.08** (volatility 20%). 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.