The financials
Antero Midstream Corporation by the numbers
Antero Midstream Corporation (AM) reported revenue of $327M in Q2 2026 (quarter ended Jun 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 Q2 2026 was Gathering at $138M, 39% of the disclosed total, 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 | $138M | 39% |
| Compression | $72M | 21% |
| Gathering High Pressure | $61M | 18% |
| Other Fluid Handling | $45M | 13% |
| Fresh Water Delivery | $33M | 9.5% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $350.0M (+4.2%)
Other Fluid Handling grew +29% year on yearFresh Water Delivery -15% year on year
Segment Latestquarter on quarteryear on year
- Gathering$137.7M$137.7MQoQ +9.5%year on year +21%+9.5%+21%
- Compression$72.5M$72.5MQoQ +2.9%year on year +6.6%+2.9%+6.6%
- Gathering High Pressure$61.3M$61.3MQoQ -7.3%year on year -8.5%-7.3%-8.5%
- Other Fluid Handling$45.4M$45.4MQoQ +14%year on year +29%+14%+29%
- Fresh Water Delivery$33.2M$33.2MQoQ -0.41%year on year -15%-0.41%-15%
Oil & Gas Midstream
Ranks #22 of 22 by Smart Score