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Antero Midstream Partners LP (AM) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

ENERGY · OIL & GAS MIDSTREAM · DATA UPDATED 2026-09-19

Antero Midstream Partners LP (AM) operates in the OIL & GAS MIDSTREAM industry and is headquartered in Denver, United States with about 632 employees. Its market capitalization is roughly $10 billion. In the fiscal year ended 2025-12-31, AM reported $1.3B in revenue and $413M in net income.

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling.

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AM Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-31
Total Revenue$1.3B$1.3B$1.2B$1.1B$991M$969M$971M$850M$1.0B$0M$590M$1M$96M$22M$1M
Gross Profit$825M$822M$748M$693M$608M$632M$627M$501M$582M$70M$329M$1M$80M$20M
Gross Margin %62.9%65.3%63.6%62.3%61.4%65.3%64.5%59.0%56.6%55.7%100.0%83.8%90.7%
Operating Income (EBIT)$735M$645M$659M$612M$539M$555M($118M)($398M)$608M($41M)$16M$1M$21M
Operating Margin %56.0%51.2%56.0%55.0%54.5%57.3%-12.1%-46.9%59.1%2.7%100.0%22.4%
Net Income$400M$413M$401M$372M$326M$332M($123M)($355M)$443M$7M$10M$1M$17M
Net Margin %30.5%32.8%34.1%33.4%32.9%34.2%-12.6%-41.8%43.1%1.7%61.8%17.6%
EBITDA$937M$966M$924M$836M$803M$148M($195M)$0M($41M)$116M$1M
Earnings Per Share (EPS)$0.84$0.86$0.83$0.77$0.68$0.69$-0.26$-0.80$2.36$0.04$0.05$0.00$0.09
Shares Outstanding (M)482M485M482M480M480M478M443M187M186M186M186M186M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AM Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Total Revenue$350M$335M$315M$312M$323M$309M$305M$288M$287M
Gross Profit$205M$209M$209M$202M$209M$202M$199M$186M$176M
Gross Margin %58.6%62.3%66.5%64.8%64.7%65.3%65.1%64.5%61.2%
Operating Income (EBIT)$182M$186M$187M$180M$186M$177M$178M$162M$153M
Operating Margin %52.0%55.5%59.5%57.8%57.7%57.4%58.2%56.5%53.1%
Net Income$114M$118M$52M$116M$125M$121M$111M$100M$86M
Net Margin %32.6%35.3%16.5%37.1%38.5%39.1%36.4%34.7%29.9%
EBITDA$266M$175M$261M$267M$256M$256M$240M$222M
Earnings Per Share (EPS)$0.24$0.25$0.11$0.24$0.26$0.25$0.23$0.21$0.18
Shares Outstanding (M)478M482M482M482M484M486M486M485M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AM Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-31
Cash from Operations (CFO)$962M$932M$844M$779M$700M$710M$753M$622M$84M$28M$10M$0M$49M$11M
Capital Expenditures (CapEx)$207M$162M$242M$184M$516M$233M$158M$267M$392M$392M$416M$453M$554M$395M$116M
Free Cash Flow (FCF)$756M$770M$602M$595M$184M$477M$595M$355M($308M)($364M)($407M)($452M)($505M)($385M)
FCF Margin %57.6%61.2%51.1%53.5%18.6%49.2%61.3%41.8%-30.0%-68.9%-35786.4%-527.1%-1720.9%
Dividends Paid$439M$438M$435M$433M$472M$590M$496M$86M$32M$182M$0M$332M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AM Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Cash from Operations (CFO)$254M$239M$256M$213M$265M$199M$233M$185M$216M
Capital Expenditures (CapEx)$53M$38M$49M$67M$37M$31M$133M$55M$43M
Free Cash Flow (FCF)$202M$201M$207M$146M$228M$168M$99M$130M$172M
FCF Margin %57.7%59.8%65.7%46.6%70.7%54.5%32.6%45.2%60.0%
Dividends Paid$111M$107M$107M$112M$113M$109M$109M$113M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AM Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-31
Total Assets$6.4B$5.9B$5.9B$5.7B$5.8B$5.5B$5.6B$6.3B$48M$30M$17M$1M$1.4B$578M$174M
Cash & Cash Equivalents$0M$180M$0M$0M$0M$0M$1M$1M$3M$6M$10M$0M$230M
Total Liabilities$4.4B$3.9B$3.8B$3.6B$3.6B$3.3B$3.2B$3.1B$17M$14M$7M$0M$53M$46M$31M
Total Debt (Short + Long-Term)$3.6B$3.2B$3.1B$3.2B$3.4B$3.1B$6.2B$2.9B$0M$2.4B$1.7B$1.2B$230M$5M$0M
Total Shareholders' Equity$1.9B$2.0B$2.1B$2.2B$2.2B$2.3B$2.4B$3.1B$31M($4M)$10M$1M$1.3B$533M$143M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive AM viewer.

AM Metric Deep Dives

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