Antero Midstream Corporation (AM) Revenue History
Annual and quarterly revenue from 2015 to present
AM Revenue Over Time (2015–2025)
AM Revenue Growth History
6 of 9 years with positive growth- FY2015 revenue growth
- N/A
- FY2016 revenue growth
- +52.4%
- FY2017 revenue growth
- -100.0%
- FY2018 revenue growth
- N/A
- FY2019 revenue growth
- -17.4%
- FY2020 revenue growth
- +14.3%
- FY2021 revenue growth
- -0.3%
- FY2022 revenue growth
- +2.2%
- FY2023 revenue growth
- +12.3%
- FY2024 revenue growth
- +5.8%
- FY2025 revenue growth
- +7.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $335.4M | +8.6% |
| Q4 2025 | $314.7M | +3.1% |
| Q3 2025 | $312.5M | +8.7% |
| Q2 2025 | $323.1M | +12.4% |
| Q1 2025 | $308.8M | +4.1% |
| Q4 2024 | $305.1M | +9.8% |
| Q3 2024 | $287.5M | +2.1% |
| Q2 2024 | $287.5M | +4.2% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
AM's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
AM Revenue Analysis (2015–2025)
Current Revenue & Growth
As of June 22, 2026, Antero Midstream Corporation (AM) generated trailing twelve-month (TTM) revenue of $1.29 billion, reflecting solid growth of +8.6% year-over-year. The most recent quarter (Q1 2026) recorded $335.4 million in revenue, up 6.6% sequentially.
Historical Growth Trajectory
AM's 5-year compound annual growth rate (CAGR) stands at +5.3%, indicating steady revenue expansion. The 3-year CAGR of +8.3% exceeds the 5-year average, indicating an acceleration in the most recent period. Antero Midstream Corporation's highest annual revenue of $1.26 billion was recorded in 2025, an all-time high.
Revenue by Segment
AM's revenue is primarily driven by Natural Gas Gathering Transportation Marketing And Processing Affiliate (78%), Natural Gas Water Handling And Treatment Affiliate (21%), and Natural Gas Water Handling And Treatment (0%). With over half of revenue concentrated in Natural Gas Gathering Transportation Marketing And Processing Affiliate, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Energy sector peers — including HESM (+8.6% YoY), DKL (+13.0% YoY), and WES (+11.4% YoY) — AM has outperformed the peer group in revenue growth. Compare AM vs HESM →
AM Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| AMCurrent | $1.3B | +8.6% | +5.3% | 51.2% | |
 HESM | $1.6B | +8.6% | +8.2% | 62.2% | |
 DKL | $1.0B | +13.0% | +12.5% | 18.0% | |
 WES | $3.8B | +11.4% | +6.7% | 41.3% | |
 TRGP | $17.1B | -2.3% | +15.7% | 20.1% | |
 CTRA | $2.8B | +7.3% | +14.4% | 89.1% |
AM Historical Revenue Data (2015–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.26B | +7.0% | $822.2M | 65.3% | $644.7M | 51.2% |
| 2024 | $1.18B | +5.8% | $748.2M | 63.6% | $659.2M | 56.0% |
| 2023 | $1.11B | +12.3% | $692.5M | 62.3% | $611.9M | 55.0% |
| 2022 | $990.7M | +2.2% | $608.0M | 61.4% | $539.5M | 54.5% |
| 2021 | $968.9M | -0.3% | $632.3M | 65.3% | $555.3M | 57.3% |
| 2020 | $971.4M | +14.3% | $626.5M | 64.5% | $-117,638,000 | -12.1% |
| 2019 | $849.6M | -17.4% | $501.2M | 59.0% | $-398,493,000 | -46.9% |
| 2018 | $1.03B | - | $582.1M | 56.6% | $607.6M | 59.1% |
| 2017 | $0 | -100.0% | $0 | - | $-41,134,000 | - |
| 2016 | $590.2M | +52.4% | $328.8M | 55.7% | $16.1M | 2.7% |
| 2015 | $387.3M | - | $221.8M | 57.3% | $1.3M | 0.3% |
Full Stock Analysis
Deep dive into AM consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
11+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
AM — Frequently Asked Questions
Quick answers to the most common questions about buying AM stock.
Is AM's revenue growth accelerating or slowing?
AM revenue growth is holding steady at +8.6% year-over-year. TTM revenue is $1.3B. The current growth rate closely tracks the 5-year CAGR of +5.3%, signalling consistent execution.
What is AM's revenue history from 2015 to 2026?
Antero Midstream Corporation (AM) revenue history spans 2015 to 2026. TTM revenue as of 2026 is $1.3B, growing at +8.6% YoY. The 5-year CAGR is +5.3%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is AM's long-term revenue growth rate (CAGR)?
Antero Midstream Corporation's 5-year revenue CAGR of +5.3% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +8.6% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for AM.
Why does AM's quarterly revenue fluctuate?
AM quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Antero Midstream Corporation's revenue data from 2015 to 2026 shows full historical quarterly detail on this page.
How is AM's revenue distributed by segment?
AM reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does AM's revenue compare to industry peers?
Antero Midstream Corporation (AM) with TTM revenue of $1.3B and +8.6% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.