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General information

Country: UNITED STATES

Sector: Oil and Gas Midstream

Antero Midstream Corporation owns and operates midstream energy assets. It owns and operates natural gas gathering pipelines, compression stations, processing and fractionation plants, and water handling and treatment assets in the Marcellus Shale and Utica Shale basins. The company was founded in 2013 and is headquartered in Denver, Colorado.
Website: anteromidstream.com



Growth: Pretty weak revenue growth rate 7.4%, there is acceleration compared to average historical growth rates 2.6%. The revenue growth dynamics is unstable

Profitability: LTM EBITDA margin is positive, +72.0%. On average the margin is decreasing unsteadily. Gross margin is high, +62.8%. In the last quarter the company did not beat the estimated EPS, -10.0%. The company was ahead of estimated EPS in 0% of quarters (showing a gain of -$0.02 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 6.4%. Free cash flow yield 2.2% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 69.2% higher than minimum and 0.0% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 5.2x by EV / Sales multiple , the company can be 45.7% overvalued

Insiders: For the last 3 months insiders sold company shares on $0.2 mln (-0.003% of cap.)

Key Financials (Download financials)

Ticker: AM
Share price, USD:  (+1.2%)14.06
year average price 11.96  


year start price 10.49 2023-03-31

min close price 9.80 2023-04-26

max close price 14.06 2024-03-28

current price 14.06 2024-03-29
Common stocks: 479 378 000

Dividend Yield:  6.4%
FCF Yield LTM: 2.2%
EV / LTM EBITDA: 13.3x
EV / EBITDA annualized: 13.0x
Last revenue growth (y/y):  7.4%
Last growth of EBITDA (y/y):  7.3%
Historical revenue growth:  2.6%
Historical growth of EBITDA:  21.4%
EV / Sales: 9.6x
Margin (EBITDA LTM / Revenue): 72.0%
Fundamental value created in LTM:
Market Cap ($m): 6 740
Net Debt ($m): 3 213
EV (Enterprise Value): 9 953
Price to Book: 3.1x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2024-03-24Seeking Alpha

Antero Midstream: A Dividend Increase May Enter The Room

2024-03-15Zacks Investment Research

Why Is Antero Midstream Corporation (AM) Up 8% Since Last Earnings Report?

2024-02-19Seeking Alpha

Antero Midstream: Shrugs Off Volume Worries

2024-02-19Zacks Investment Research

Antero Midstream (AM) Q4 Earnings Beat on Compression Volumes

2024-02-17Seeking Alpha

Antero Midstream: 7% Yield + Buybacks, I'm Making The Stock My Largest High-Yield Investment

2024-02-14Zacks Investment Research

Antero Midstream Corporation (AM) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

2024-01-31InvestorPlace

Contrarian Calls: 7 Analyst ‘Sell' Ratings That Should Be ‘Buys'

2024-01-23Seeking Alpha

Buy 'Idiot-Proof' Businesses: 2 Big Yields To Collect In Your Retirement

2024-01-11The Motley Fool

Want $600 in Super Safe Dividend Income in 2024? Invest $6,525 Into the Following 3 Ultra-High-Yield Energy Stocks.

2023-12-28The Motley Fool

Want $500 in Super-Safe Dividend Income in 2024? Invest $4,850 Into the Following 3 Ultra-High-Yield Stocks.
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol AM AM AM AM AM AM
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2024-02-14 2023-10-25 2023-07-26 2023-04-26 2023-02-15 2022-10-26
acceptedDate 2024-02-14 16:16:02 2023-10-25 16:15:59 2023-07-26 16:15:37 2023-04-26 16:15:48 2023-02-15 16:55:48 2022-10-26 16:18:30
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
revenue 278M 282M 276M 277M 259M 249M
costOfRevenue 103M 100M 105M 111M 100M 99M
grossProfit 174M 181M 170M 166M 160M 150M
grossProfitRatio 0.628 0.644 0.618 0.600 0.616 0.604
researchAndDevelopmentExpenses 0 0 0 0 0 0
generalAndAdministrativeExpenses 0 18M 18M 17M 15M 14M
sellingAndMarketingExpenses 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 18M 18M 18M 17M 15M 14M
otherExpenses 0 32M 42M 959 000 1M 915 000
operatingExpenses 18M 18M 19M 18M 16M 15M
costAndExpenses 122M 119M 125M 129M 115M 113M
interestIncome 0 55M 0 0 0 0
interestExpense 52M 55M 55M 55M 52M 48M
depreciationAndAmortization 53M 48M 53M 77M 24M 76M
ebitda 209M 239M 230M 225M 168M 214M
ebitdaratio 0.751 0.848 0.834 0.813 0.648 0.861
operatingIncome 156M 162M 146M 148M 144M 138M
operatingIncomeRatio 0.561 0.577 0.527 0.535 0.556 0.554
totalOtherIncomeExpensesNet -25M 27M 20M -30M -29M -23M
incomeBeforeTax 131M 134M 116M 118M 115M 114M
incomeBeforeTaxRatio 0.473 0.478 0.421 0.426 0.446 0.460
incomeTaxExpense 31M 37M 29M 32M 33M 30M
netIncome 100M 98M 87M 87M 83M 84M
netIncomeRatio 0.362 0.347 0.315 0.312 0.319 0.338
eps 0.210 0.200 0.180 0.180 0.170 0.180
epsdiluted 0.210 0.200 0.180 0.180 0.170 0.170
weightedAverageShsOut 480M 480M 480M 479M 478M 478M
weightedAverageShsOutDil 484M 483M 482M 481M 481M 480M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol AM AM AM AM AM AM
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2024-02-14 2023-10-25 2023-07-26 2023-04-26 2023-02-15 2022-10-26
acceptedDate 2024-02-14 16:16:02 2023-10-25 16:15:59 2023-07-26 16:15:37 2023-04-26 16:15:48 2023-02-15 16:55:48 2022-10-26 16:18:30
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 66 000 0 0 0 0 0
shortTermInvestments 0 0 0 0 0 0
cashAndShortTermInvestments 66 000 0 0 0 0 0
netReceivables 90M 95M 93M 97M 88M 80M
inventory 0 0 0 0 0 0
otherCurrentAssets 2M 811 000 795 000 2M 1M 556 000
totalCurrentAssets 91M 96M 94M 98M 89M 81M
propertyPlantEquipmentNet 3 794M 3 783M 3 756M 3 749M 3 751M 3 508M
goodwill 0 0 0 0 0 0
intangibleAssets 0 1 233M 1 251M 1 268M 1 286M 1 304M
goodwillAndIntangibleAssets 1 215M 1 233M 1 251M 1 268M 1 286M 1 304M
longTermInvestments 627M 636M 640M 643M 653M 659M
taxAssets 118M 229M 192M 163M 0 0
otherNonCurrentAssets 11M -217M -180M -152M 12M 12M
totalNonCurrentAssets 5 765M 5 663M 5 659M 5 672M 5 702M 5 483M
otherAssets 0 0 0 0 0 0
totalAssets 5 856M 5 759M 5 753M 5 771M 5 791M 5 564M
accountPayables 15M 4M 21M 26M 28M 27M
shortTermDebt 0 0 0 0 0 0
taxPayables 0 4M 7M 4M 6M 2M
deferredRevenue 0 0 0 0 0 0
otherCurrentLiabilities 81M 107M 76M 70M 74M 80M
totalCurrentLiabilities 96M 111M 97M 96M 102M 106M
longTermDebt 3 213M 3 259M 3 307M 3 331M 3 361M 3 143M
deferredRevenueNonCurrent 0 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 384M 229M 192M 163M 131M 99M
otherNonCurrentLiabilities 10M 10M 5M 5M 4M 3 219M
totalNonCurrentLiabilities 3 608M 3 497M 3 503M 3 499M 3 497M 3 246M
otherLiabilities 0 0 0 0 0 0
capitalLeaseObligations 0 0 0 0 0 0
totalLiabilities 3 704M 3 608M 3 600M 3 595M 3 599M 3 352M
preferredStock 0 0 0 0 0 0
commonStock 5M 5M 5M 5M 5M 5M
retainedEarnings 100M 98M 87M 87M 83M 84M
accumulatedOtherComprehensiveIncomeLoss 0 0 0 0 0 0
othertotalStockholdersEquity 2 046M 2 049M 2 061M 2 084M 2 105M 2 123M
totalStockholdersEquity 2 152M 2 151M 2 153M 2 175M 2 192M 2 212M
totalEquity 2 152M 2 151M 2 153M 2 175M 2 192M 2 212M
totalLiabilitiesAndStockholdersEquity 5 856M 5 759M 5 753M 5 771M 5 791M 5 564M
minorityInterest 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 5 856M 5 759M 5 753M 5 771M 5 791M 5 564M
totalInvestments 627M 636M 640M 643M 653M 659M
totalDebt 3 213M 3 259M 3 307M 3 331M 3 361M 3 143M
netDebt 3 213M 3 259M 3 307M 3 331M 3 361M 3 143M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol AM AM AM AM AM AM
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2024-02-14 2023-10-25 2023-07-26 2023-04-26 2023-02-15 2022-10-26
acceptedDate 2024-02-14 16:16:02 2023-10-25 16:15:59 2023-07-26 16:15:37 2023-04-26 16:15:48 2023-02-15 16:55:48 2022-10-26 16:18:30
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
netIncome 100M 98M 87M 87M 83M 84M
depreciationAndAmortization 53M 48M 53M 53M 51M 52M
deferredIncomeTax 37M 37M 29M 32M 33M 30M
stockBasedCompensation -108M 8M 8M 6M 6M 6M
changeInWorkingCapital -1M 5M -2M -6M -7M 549 000
accountsReceivables 5M -1M 4M -9M -7M -2M
inventory 0 0 0 0 0 0
accountsPayables -8M 3M -5M 1M -1M 3M
otherWorkingCapital 2M 4M -1M 2M 1M -778 000
otherNonCashItems 128M 6M 11M 11M 4M 4M
netCashProvidedByOperatingActivities 208M 202M 186M 183M 169M 177M
investmentsInPropertyPlantAndEquipment -54M -31M -30M -29M -325M -59M
acquisitionsNet 0 0 0 0 -17M 17M
purchasesOfInvestments 0 0 0 0 0 0
salesMaturitiesOfInvestments 0 0 0 0 0 0
otherInvestingActivites 276 000 -14M -12M -13M 64M -12M
netCashUsedForInvestingActivites -54M -45M -42M -42M -278M -53M
debtRepayment -46M -49M 0 0 -202M 0
commonStockIssued 0 49M 0 0 0 0
commonStockRepurchased 0 -2000.000 0 0 0 0
dividendsPaid -108M -108M -111M -109M -108M -108M
otherFinancingActivites -145 000 -49M -33M -32M 419M -16M
netCashUsedProvidedByFinancingActivities -155M -157M -144M -141M 109M -124M
effectOfForexChangesOnCash 0 0 0 0 0 0
netChangeInCash 66 000 0 0 0 0 0
cashAtEndOfPeriod 66 000 0 0 0 0 0
cashAtBeginningOfPeriod 0 0 0 0 0 0
operatingCashFlow 208M 202M 186M 183M 169M 177M
capitalExpenditure -54M -31M -30M -29M -325M -59M
freeCashFlow 154M 171M 156M 153M -157M 118M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Earning call transcript

2023 q4
2024-02-15 ET (fiscal 2023 q4)
2023 q3
2023-10-26 ET (fiscal 2023 q3)
2023 q2
2023-07-27 ET (fiscal 2023 q2)
2023 q1
2023-04-27 ET (fiscal 2023 q1)
2022 q4
2023-02-16 ET (fiscal 2022 q4)
2022 q3
2022-10-27 ET (fiscal 2022 q3)
2022 q2
2022-07-28 ET (fiscal 2022 q2)
2022 q1
2022-04-28 ET (fiscal 2022 q1)

Press-releases

Show financial reports only

2024-02-14 21:15 ET
Antero Midstream Announces Fourth Quarter 2023 Results, 2024 Guidance and $500 Million Share Repurchase Program
2024-02-14 21:15 ET
Antero Resources Announces Fourth Quarter 2023 Results, Year End Reserves and 2024 Guidance
2024-01-11 21:26 ET
Antero Midstream Announces Pricing of Upsized $600 Million Offering of Senior Notes
2024-01-11 14:15 ET
Antero Midstream Announces Launch of $500 Million Offering of Senior Notes
2024-01-10 21:15 ET
Antero Midstream Announces Fourth Quarter 2023 Return of Capital and Earnings Release Date and Conference Call
2023-10-25 20:15 ET
Antero Midstream Announces Third Quarter 2023 Financial and Operating Results
2023-10-11 20:15 ET
Antero Midstream Announces Third Quarter 2023 Return of Capital and Earnings Release Date and Conference Call
2023-07-26 20:15 ET
Antero Midstream Announces Second Quarter 2023 Financial and Operational Results
2023-07-12 20:15 ET
Antero Midstream Announces Second Quarter 2023 Return of Capital and Earnings Release Date and Conference Call
2023-04-26 20:15 ET
Antero Midstream Announces First Quarter 2023 Financial and Operational Results
2023-04-12 20:15 ET
Antero Midstream Announces First Quarter 2023 Return of Capital and Earnings Release Date and Conference Call
2023-02-15 21:15 ET
Antero Midstream Announces Fourth Quarter 2022 Results and 2023 Capital Budget and Guidance
2023-01-11 21:15 ET
Antero Midstream Announces Fourth Quarter 2022 Return of Capital and Earnings Release Date and Conference Call
2022-12-06 21:15 ET
Antero Midstream Announces Appointment of Nancy Chisholm to the Board of Directors
2022-10-26 20:15 ET
Antero Midstream Announces Third Quarter 2022 Financial and Operational Results
2022-10-12 20:15 ET
Antero Midstream Announces Third Quarter 2022 Return of Capital and Earnings Release Date and Conference Call
2022-07-27 20:15 ET
Antero Midstream Announces Second Quarter 2022 Financial and Operational Results
2022-07-13 20:15 ET
Antero Midstream Announces Second Quarter 2022 Return of Capital and Earnings Release Date and Conference Call
2022-04-27 20:15 ET
Antero Midstream Announces First Quarter 2022 Financial and Operational Results
2022-04-13 20:15 ET
Antero Midstream Announces First Quarter 2022 Return of Capital and Earnings Release Date and Conference Call
2022-02-16 21:15 ET
Antero Midstream Announces Fourth Quarter 2021 Financial Results and 2022 Capital Budget and Guidance
2022-01-12 21:15 ET
Antero Midstream Announces Fourth Quarter 2021 Return of Capital and Earnings Release Date and Conference Call
2021-10-27 20:15 ET
Antero Midstream Announces Third Quarter 2021 Financial and Operational Results
2021-10-13 20:15 ET
Antero Midstream Announces Third Quarter 2021 Return of Capital and Earnings Release Date and Conference Call
2021-10-05 20:15 ET
Antero Midstream Publishes 2020 ESG Report and Reiterates 2025 Environmental Goals
2021-07-28 20:15 ET
Antero Midstream Announces Second Quarter 2021 Financial and Operational Results
2021-07-14 20:15 ET
Antero Midstream Announces Second Quarter 2021 Return of Capital and Earnings Release Date and Conference Call
2021-05-24 20:15 ET
Antero Midstream Announces Pricing of Upsized $750 Million Offering of Senior Notes
2021-05-24 11:22 ET
Antero Midstream Announces Launch of $650 Million Offering of Senior Notes
2021-04-28 20:15 ET
Antero Midstream Announces First Quarter 2021 Financial and Operational Results
2021-04-14 20:15 ET
Antero Midstream Announces First Quarter 2021 Return of Capital and Earnings Release Date and Conference Call
2021-02-17 21:15 ET
Antero Midstream Announces Fourth Quarter 2020 Financial Results and 2021 Capital Budget and Guidance
2021-01-20 21:15 ET
Antero Midstream Announces Fourth Quarter 2020 Return of Capital and Earnings Release Date and Conference Call
2020-11-05 21:35 ET
Antero Midstream Announces Pricing of Upsized $550 Million Offering of Senior Notes
2020-11-05 12:29 ET
Antero Midstream Announces Launch of $400 Million Offering of Senior Notes
2020-10-28 20:15 ET
Antero Midstream Reports Third Quarter 2020 Results and Increases Free Cash Flow Guidance
2020-10-14 20:20 ET
Antero Midstream Announces Third Quarter 2020 Return of Capital and Earnings Release Date and Conference Call
2020-10-05 11:30 ET
Antero Midstream Publishes Corporate Sustainability Report and Sets 2025 Environmental Goals
2020-07-29 20:15 ET
Antero Midstream Reports Second Quarter 2020 Results and Announces Updated 2020 Capital Budget & Guidance
2020-07-15 20:20 ET
Antero Midstream Announces Second Quarter 2020 Return of Capital and Earnings Release Date and Conference Call
2020-06-04 21:14 ET
Antero Midstream Announces Change to a Virtual Meeting Format for 2020 Annual Meeting of Shareholders
2020-04-29 20:15 ET
Antero Midstream Reports First Quarter 2020 Results & Announces Updated 2020 Capital Budget & Guidance
2020-04-15 20:20 ET
Antero Midstream Announces First Quarter 2020 Return of Capital and Earnings Release Date and Conference Call
2020-03-30 10:45 ET
Antero Midstream Announces Appointment of Janine J. McArdle to the Board of Directors
2020-02-12 21:15 ET
Antero Midstream Reports Fourth Quarter and Full Year 2019 Results and Announces 2020 Capital Budget and Guidance
2020-01-15 21:20 ET
Antero Midstream Announces Fourth Quarter 2019 Return of Capital and Earnings Release Date and Conference Call
2019-11-07 02:29 ET
Antero Midstream Corporation Announces Pricing of Secondary Common Stock Offering
2019-11-06 21:24 ET
Antero Midstream Corporation Announces Secondary Public Offering of Common Stock
2019-10-29 20:15 ET
Antero Midstream Reports Third Quarter 2019 Financial and Operating Results
2019-03-11 10:45 ET
Antero Midstream and AMGP Announce Approval of Simplification Transaction and Proration Results

SEC forms

Show financial reports only

SEC form 8
2024-02-14 00:00 ET
Antero Midstream Corporation published news for 2023 q4
SEC form 8
2024-02-14 00:00 ET
Antero Midstream Corporation published news for 2023 q4
SEC form 10
2024-02-14 00:00 ET
Antero Midstream Corporation reported for 2023 q4
SEC form 8
2023-10-25 16:48 ET
Antero Midstream Corporation reported for 2023 q3
SEC form 10
2023-10-25 16:15 ET
Antero Midstream Corporation reported for 2023 q3
SEC form 10
2023-10-25 00:00 ET
Antero Midstream Corporation published news for 2023 q3
SEC form 6
2023-07-26 16:25 ET
Antero Midstream Corporation reported for 2023 q2
SEC form 10
2023-07-26 16:15 ET
Antero Midstream Corporation reported for 2023 q2
SEC form 10
2023-07-26 00:00 ET
Antero Midstream Corporation published news for 2023 q2
SEC form 8
2023-07-26 00:00 ET
Antero Midstream Corporation published news for 2023 q2
SEC form 6
2023-06-08 16:51 ET
Antero Midstream Corporation published news for 2023 q1
SEC form 8
2023-04-26 00:00 ET
Antero Midstream Corporation reported for 2023 q1
SEC form 10
2023-04-26 00:00 ET
Antero Midstream Corporation published news for 2023 q1
SEC form 10
2023-02-15 00:00 ET
Antero Midstream Corporation reported for 2022 q4
SEC form 8
2023-02-15 00:00 ET
Antero Midstream Corporation reported for 2022 q4
SEC form 8
2022-10-26 00:00 ET
Antero Midstream Corporation reported for 2022 q3
SEC form 10
2022-10-26 00:00 ET
Antero Midstream Corporation reported for 2022 q3
SEC form 8
2022-07-27 00:00 ET
Antero Midstream Corporation reported for 2022 q2
SEC form 10
2022-07-27 00:00 ET
Antero Midstream Corporation reported for 2022 q2
SEC form 8
2022-04-27 00:00 ET
Antero Midstream Corporation reported for 2022 q1
SEC form 10
2022-04-27 00:00 ET
Antero Midstream Corporation reported for 2022 q1
SEC form 10
2022-02-16 00:00 ET
Antero Midstream Corporation published news for 2021 q4
SEC form 8
2022-02-16 00:00 ET
Antero Midstream Corporation published news for 2021 q4
SEC form 10
2021-10-27 00:00 ET
Antero Midstream Corporation published news for 2021 q3
SEC form 8
2021-10-27 00:00 ET
Antero Midstream Corporation published news for 2021 q3
SEC form 8
2021-07-28 00:00 ET
Antero Midstream Corporation published news for 2021 q2
SEC form 10
2021-07-28 00:00 ET
Antero Midstream Corporation published news for 2021 q2
SEC form 8
2021-04-28 00:00 ET
Antero Midstream Corporation published news for 2021 q1
SEC form 10
2021-04-28 00:00 ET
Antero Midstream Corporation published news for 2021 q1