Antero Midstream Corporation (AM) Revenue History
Annual and quarterly revenue from 2015 to 2025
Compound Annual Growth Rate (CAGR)
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AM Revenue Growth
Revenue Breakdown (FY 2025)
AM's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
AM Revenue Analysis (2015–2025)
As of May 8, 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.
Looking at the longer-term picture, AM's 5-year compound annual growth rate (CAGR) stands at +5.3%, indicating steady revenue expansion. The company achieved its highest annual revenue of $1.26 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows AM's business 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 maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including HESM (+8.6% YoY), DKL (+13.0% YoY), and WES (+11.4% YoY), AM has underperformed the peer group in terms of 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% |
Full AM Stock Analysis
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Start ComparisonAM — Frequently Asked Questions
Quick answers to the most common questions about buying AM stock.
Is AM's revenue growth accelerating or slowing?
AM maintains +8.6% revenue growth, in line with its 5-year CAGR of +5.3%. TTM revenue stands at $1.3B. Growth rate remains consistent with historical average.
What is AM's long-term revenue growth rate?
Antero Midstream Corporation's 5-year revenue CAGR of +5.3% reflects the sustained expansion pattern. Current YoY growth of +8.6% is near this long-term average.
How is AM's revenue distributed by segment?
AM reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2015-2025 are available for download. Segment mix reveals concentration and diversification trends.