AM - Antero Midstream Corporation
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$21.50
DETAILS
HIGH:
$23.00
LOW:
$20.00
MEDIAN:
$21.50
CONSENSUS:
$21.50
DOWNSIDE:
2.43%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||
| Revenue | 1,259.1 | 1,176.9 | 1,112.4 | 990.7 | 968.9 | 971.4 | 849.6 | 1,028.5 | 0 | 590.2 | 387.3 |
| Cost of Revenue | 436.9 | 428.6 | 419.9 | 382.7 | 336.6 | 344.8 | 348.4 | 446.4 | 0 | 261.4 | 165.5 |
| Gross Profit | 822.2 | 748.2 | 692.5 | 608.0 | 632.3 | 626.5 | 501.2 | 582.1 | 0 | 328.8 | 221.8 |
| Operating Expenses | |||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 87.9 | 86.1 | 71.1 | 62.1 | 63.8 | 52.2 | 118.1 | 61.6 | 41.1 | 0.8 | 0 |
| Other Expenses | 89.6 | 3.0 | 9.6 | 6.4 | 13.1 | 692.0 | 781.6 | 0 | 0 | 0 | 0 |
| Operating Expenses | 177.5 | 89.1 | 80.7 | 68.5 | 77.0 | 744.2 | 899.7 | 61.8 | 41.1 | 0.8 | 1.3 |
| Operating Income | |||||||||||
| Operating Income | 644.7 | 659.2 | 611.9 | 539.5 | 555.3 | (117.6) | (398.5) | 607.6 | (41.1) | 16.1 | 1.3 |
| Interest Expense | 190.4 | 207.0 | 217.2 | 189.9 | 175.3 | 147.0 | 110.4 | 61.9 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 |
| Profitability | |||||||||||
| EBITDA | 937.3 | 966.3 | 924.0 | 836.1 | 803.5 | 148.3 | (194.6) | 560.6 | 0 | 116.0 | 87.9 |
| EBIT | 732.3 | 755.6 | 717.3 | 633.7 | 624.0 | (31.2) | (347.2) | 0 | (41.1) | 16.1 | 1.3 |
| Income Before Tax | 564.2 | 548.6 | 500.1 | 443.7 | 448.7 | (178.2) | (457.6) | 98.9 | 28.6 | 16.1 | 1.3 |
| Income Tax Expense | 151.0 | 147.7 | 128.3 | 117.5 | 117.1 | (55.7) | (102.5) | 32.3 | 26.3 | 6.4 | 0.5 |
| Net Income | 413.2 | 400.9 | 371.8 | 326.2 | 331.6 | (122.5) | (355.1) | 443.0 | 2.3 | 9.7 | 0.8 |
| Per Share Data | |||||||||||
| EPS (Basic) | 0.86 | 0.83 | 0.77 | 0.68 | 0.69 | -0.26 | -0.80 | 2.37 | 0.04 | 0.05 | 0.00 |
| EPS (Diluted) | 0.86 | 0.83 | 0.77 | 0.68 | 0.69 | -0.26 | -0.80 | 2.36 | 0.04 | 0.05 | 0.00 |
| Shares Outstanding | 477.9 | 480.8 | 482.4 | 478.2 | 477.5 | 478.3 | 442.6 | 187.0 | 186.2 | 186.2 | 186.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 180.4 | 0 | 0.1 | 0 | 0 | 0.6 | 1.2 | 2.8 | 6.0 | 9.6 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 109.7 | 115.2 | 89.6 | 87.7 | 82.9 | 91.8 | 105.6 | 0 | 0 | 0.2 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.5) |
| Other Current Assets | 89.8 | 2.9 | 1.5 | 1.3 | 0.9 | 1.5 | 1.7 | 0.1 | 0 | 0 |
| Total Current Assets | 379.9 | 118.1 | 91.1 | 89.0 | 83.8 | 93.9 | 108.6 | 2.9 | 6.0 | 9.8 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 3,454.6 | 3,881.6 | 3,793.5 | 3,751.4 | 3,394.7 | 3,254.0 | 3,273.4 | 0 | 0 | 2,195.9 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 575.5 | 0 | 0 | 0 |
| Intangible Assets | 1,074.1 | 1,144.8 | 1,215.4 | 1,286.1 | 1,356.8 | 1,427.4 | 1,498.1 | 0 | 0 | 0 |
| Long-Term Investments | 585.8 | 604.0 | 626.6 | 652.8 | 696.0 | 722.5 | 709.6 | 43.5 | 23.8 | 7.5 |
| Other Non-Current Assets | 389.8 | 13.3 | 10.9 | (119.2) | (1.1) | 9.6 | 14.5 | 0 | 0 | (2,195.9) |
| Total Non-Current Assets | 5,504.3 | 5,764.9 | 5,646.5 | 5,702.3 | 5,460.2 | 5,517.0 | 6,174.3 | 44.8 | 23.8 | 7.5 |
| Total Assets | 5,884.1 | 5,883.0 | 5,737.6 | 5,791.3 | 5,544.0 | 5,610.9 | 6,282.9 | 47.7 | 29.8 | 17.4 |
| Current Liabilities | ||||||||||
| Account Payables | 15.7 | 16.4 | 10.5 | 22.9 | 23.6 | 9.5 | 6.6 | 0.8 | 0.2 | 0.4 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 95.7 | 77.9 | 27.5 | 23.1 | 34.5 | 20.9 | 158.7 | 16.4 | 13.9 | 6.7 |
| Total Current Liabilities | 111.5 | 100.6 | 96.4 | 102.1 | 114.0 | 94.0 | 242.1 | 16.8 | 14.2 | 7.1 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 3,222.5 | 3,117.0 | 3,213.2 | 3,361.3 | 3,122.9 | 3,091.6 | 2,892.2 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 563.0 | 534.8 | 0 | 131.2 | 13.7 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 15.1 | 15.4 | 276.3 | 4.4 | 6.7 | 7.0 | 5.1 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 3,800.6 | 3,667.2 | 3,489.5 | 3,496.9 | 3,143.3 | 3,098.6 | 2,897.4 | 0 | 0 | 1,045.1 |
| Total Liabilities | 3,912.1 | 3,767.8 | 3,585.9 | 3,599.0 | 3,257.3 | 3,192.6 | 3,139.5 | 16.8 | 14.2 | 7.1 |
| Stockholders' Equity | ||||||||||
| Common Stock | 4.7 | 4.8 | 4.8 | 4.8 | 4.8 | 4.8 | 4.8 | (42.0) | 15.6 | 10.3 |
| Retained Earnings | 14.8 | 90.5 | 100.4 | 82.8 | (132.5) | (464.1) | (341.6) | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | (341.6) | 0 | 0 | 0 |
| Total Stockholders' Equity | 1,972.0 | 2,115.2 | 2,151.7 | 2,192.3 | 2,286.7 | 2,418.3 | 3,143.4 | 30.9 | (4.3) | 10.3 |
| Total Liabilities & Equity | 5,884.1 | 5,883.0 | 5,737.6 | 5,791.3 | 5,544.0 | 5,610.9 | 6,282.9 | 47.7 | 14.2 | 17.4 |
| Debt Metrics | ||||||||||
| Total Debt | 3,222.5 | 3,117.0 | 3,213.2 | 3,361.3 | 3,122.9 | 3,091.6 | 2,892.2 | 0 | 0 | 849.9 |
| Net Debt | 3,042.1 | 3,117.0 | 3,213.2 | 3,361.3 | 3,122.9 | 3,091.0 | 2,891.0 | (2.8) | (6.0) | 840.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 413.2 | 400.9 | 371.8 | 326.2 | 331.6 | (122.5) | (355.1) | 66.6 | 2.3 | 236.7 |
| Depreciation & Amortization | 134.3 | 210.9 | 206.9 | 202.4 | 179.5 | 179.5 | 152.5 | 0.1 | 0 | 99.9 |
| Stock-Based Compensation | 46.0 | 44.3 | 31.6 | 19.7 | 13.5 | 12.8 | 73.5 | 35.1 | 34.9 | 26.0 |
| Change in Working Capital | 0.2 | (5.3) | (4.0) | 5.1 | 4.4 | 0.4 | 23.5 | 2.7 | 7.1 | (5.7) |
| Other Non-Cash Items | 189.4 | 45.4 | 38.3 | 28.7 | 63.6 | 683.4 | 829.9 | (19.6) | (16.2) | (106.4) |
| Operating Cash Flow | 932.5 | 844.0 | 779.1 | 699.6 | 709.8 | 753.4 | 622.4 | 83.5 | 28.1 | 378.6 |
| Investing Activities | ||||||||||
| Capital Expenditure | (162.3) | (242.3) | (184.0) | (515.6) | (232.8) | (157.9) | (267.4) | 0 | 0 | (416.3) |
| Acquisitions | 0 | 0 | 0 | 17 | (2.1) | (25.3) | (133.5) | 0 | 0 | (75.5) |
| Purchases of Investments | 0 | 0 | 0 | (17) | (2.1) | (25.3) | (753.1) | 0 | 0 | (75.5) |
| Sales/Maturities of Investments | 0 | 0 | 0 | 17 | 2.1 | 25.3 | 619.5 | 0 | 0 | 0 |
| Other Investing Activities | (169.2) | (242.7) | 0.8 | 4.8 | 1.7 | (36.0) | 8.8 | 0 | 0 | 13.7 |
| Investing Cash Flow | (169.2) | (242.7) | (183.2) | (493.8) | (233.2) | (219.2) | (525.7) | 0 | 0 | (478.2) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 115.7 | (106.7) | (151.9) | 234.8 | 16.2 | 204 | 534.5 | 0 | 0 | 240 |
| Stock Repurchased | (135.0) | (28.7) | (8.5) | (6.9) | (5.0) | (24.7) | (125.5) | 0 | 0 | 0 |
| Dividends Paid | (439.0) | (438.2) | (435.4) | (433.4) | (471.7) | (590.2) | (496.2) | (86.5) | (31.7) | (182.4) |
| Other Financing Activities | (42.0) | (27.8) | 0 | (0.3) | (16.6) | (123.8) | (11.1) | (0.2) | 0 | (16.2) |
| Financing Cash Flow | (500.3) | (601.3) | (595.8) | (205.8) | (477.1) | (534.7) | (98.3) | (86.7) | (31.7) | 106.7 |
| Cash Position | ||||||||||
| Net Change in Cash | 262.9 | (0.1) | 0.1 | 0 | (0.6) | (0.6) | (1.6) | (3.2) | (3.6) | 7.2 |
| Cash at Beginning | 0 | 0.1 | 0 | 0 | 0.6 | 1.2 | 2.8 | 6.0 | 9.6 | 6.9 |
| Cash at End | 262.9 | 0 | 0.1 | 0 | 0 | 0.6 | 1.2 | 2.8 | 6.0 | 14.0 |
| Free Cash Flow | 770.2 | 601.7 | 595.1 | 184.0 | 476.9 | 595.5 | 355.0 | 83.5 | 28.1 | (37.7) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 1,259.1 | 1,176.9 | 1,112.4 | 990.7 | 968.9 | 971.4 | 849.6 | 1,028.5 | 0 | 590.2 | 387.3 |
| Gross Profit | 822.2 | 748.2 | 692.5 | 608.0 | 632.3 | 626.5 | 501.2 | 582.1 | 0 | 328.8 | 221.8 |
| Operating Income | 644.7 | 659.2 | 611.9 | 539.5 | 555.3 | (117.6) | (398.5) | 607.6 | (41.1) | 16.1 | 1.3 |
| Net Income | 413.2 | 400.9 | 371.8 | 326.2 | 331.6 | (122.5) | (355.1) | 443.0 | 2.3 | 9.7 | 0.8 |
| EPS (Diluted) | 0.86 | 0.83 | 0.77 | 0.68 | 0.69 | -0.26 | -0.80 | 2.36 | 0.04 | 0.05 | 0.00 |
| Balance Sheet | |||||||||||
| Cash & Equivalents | 180.4 | 0 | 0.1 | 0 | 0 | 0.6 | 1.2 | 2.8 | 6.0 | 9.6 | |
| Total Assets | 5,884.1 | 5,883.0 | 5,737.6 | 5,791.3 | 5,544.0 | 5,610.9 | 6,282.9 | 47.7 | 29.8 | 17.4 | |
| Total Debt | 3,222.5 | 3,117.0 | 3,213.2 | 3,361.3 | 3,122.9 | 3,091.6 | 2,892.2 | 0 | 0 | 849.9 | |
| Stockholders' Equity | 1,972.0 | 2,115.2 | 2,151.7 | 2,192.3 | 2,286.7 | 2,418.3 | 3,143.4 | 30.9 | (4.3) | 10.3 | |
| Cash Flow | |||||||||||
| Operating Cash Flow | 932.5 | 844.0 | 779.1 | 699.6 | 709.8 | 753.4 | 622.4 | 83.5 | 28.1 | 378.6 | |
| Capital Expenditure | (162.3) | (242.3) | (184.0) | (515.6) | (232.8) | (157.9) | (267.4) | 0 | 0 | (416.3) | |
| Free Cash Flow | 770.2 | 601.7 | 595.1 | 184.0 | 476.9 | 595.5 | 355.0 | 83.5 | 28.1 | (37.7) | |