The financials
Antero Midstream Corporation by the numbers
Antero Midstream Corporation (AM) reported revenue of $327M in Q2 2026 (quarter ended June 30, 2026), up 7.1% from the same quarter a year earlier. That came with a gross margin of 74% and net income of $114M (35% of revenue). For the full year FY2025, revenue was $1.19B (+7.4% year on year) and net income $413M. Its largest product in 2026-Q1 was Gathering at $126M, 37% of the disclosed total, just ahead of Compression at 21%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $327M | $305M | +7.1% |
| Gross profit | $243M | $242M | +0.1% |
| Operating income | $182M | $186M | −2.4% |
| Net income | $114M | $125M | −8.8% |
| Diluted EPS | $0.24 | $0.26 | −7.7% |
| Product | Revenue | Share |
|---|---|---|
| Gathering | $126M | 37% |
| Compression | $70M | 21% |
| Gathering High Pressure | $66M | 20% |
| Other Fluid Handling | $40M | 12% |
| Fresh Water Delivery | $33M | 9.9% |
| Natural Gas Water Handling And Treatment | $311K | 0.1% |
| Natural Gas Gathering Transportation Marketing And Processing Third Party | $295K | 0.1% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $336.0M (+7.3%)
Other Fluid Handling grew +35% year on yearNatural Gas Water Handling And Treatment -38% year on year
Segment Latestquarter on quarteryear on year
- Gathering$125.8M$125.8MQoQ -year on year +15%-+15%
- Compression$70.4M$70.4MQoQ +3.3%year on year +8.3%+3.3%+8.3%
- Gathering High Pressure$66.1M$66.1MQoQ -2.2%year on year +3.4%-2.2%+3.4%
- Other Fluid Handling$39.8M$39.8MQoQ +55%year on year +35%+55%+35%
- Fresh Water Delivery$33.3M$33.3MQoQ -10%year on year -19%-10%-19%
- Natural Gas Water Handling And Treatment$311.0K$311.0KQoQ -42%year on year -38%-42%-38%
- Natural Gas Gathering Transportation Marketing And Processing Third Party$295.0K$295.0KQoQ -year on year ---
- Gathering Low Pressure--QoQ -year on year ---
Oil & Gas Midstream
Ranks #11 of 27 by Smart Score