Antero Midstream
AM · NYSE
Key indicators
AM profitability and balance sheet ratios
EPS $0.2379 in Q2 FY26, down 7.8% on a year earlier.
| Period | EPS |
|---|---|
| Q3 FY24 | $0.2054 |
| Q4 FY24 | $0.2287 |
| Q1 FY25 | $0.2493 |
| Q2 FY25 | $0.2581 |
| Q3 FY25 | $0.2407 |
| Q4 FY25 | $0.1082 |
| Q1 FY26 | $0.2474 |
| Q2 FY26 | $0.2379 |
Where the money went
Q2 FY26, from revenue to net income
Antero Midstream brought in $350.0M of revenue in Q2 FY26, +8.3% on a year earlier. 32¢ of every dollar became profit.
- Revenue
- $350.0M
- Costs, expenses and taxes
- $236.5M
- Net income
- $113.5M
- Net margin
- 32.4%
Income statement
Revenue and profit by reporting period
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Revenue | $297.0M | $335.4M | $350.0M |
| Gross profit | $242.9M | $243.5M | $242.7M |
| Operating income | $95.5M | $177.3M | $181.9M |
| Net income | $51.9M | $118.3M | $113.5M |
| Diluted EPS | $0.11 | $0.25 | $0.24 |
Balance sheet
What the company owns and owes at period end
| Line item | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Total assets | $5.9B | $6.4B | $6.4B |
| Total liabilities | $3.9B | $4.5B | $4.4B |
| Shareholder equity | $2.0B | $1.9B | $1.9B |
| Cash and short-term investments | $0.2B | $0.0B | $0.0B |
| Total debt | $3.2B | $3.7B | $3.6B |
Cash flow
Cash in and out from operations, investing and financing
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Operating cash flow | $255.5M | $238.6M | $254.2M |
| Investing cash flow | −$50.0M | −$780.8M | −$35.0M |
| Financing cash flow | $57.4M | $279.2M | −$219.2M |
| Capital expenditure | −$48.8M | −$37.9M | −$52.7M |
| Free cash flow | $206.7M | $200.7M | $201.5M |
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