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Antero Midstream Corporation (AM) Fair Value & Analysis

Energy · US · Market cap $10.2B

AM Antero Midstream Corporation logo Antero Midstream Corporation AM · US
Price$22.21
Fair Value$7.17
Upside-67.7%
Quality95/100
Evidence: High Range $5.83 – $20.02

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from $22.48 to $7.17 (−68.1%) since Jun 23, 2026. Share price +8.8% over the past month.

Price vs Fair Value (12 months)

$22.75 $15.87 Fair Value $7.17 Jun 2025 Jun 2026

12‑month range $15.87 – $22.75 · fair‑value band $5.83 – $20.02 · the $22.21 price screens above the $7.17 fair value. As of Jun 24, 2026.

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Analysis

Antero Midstream Corporation (AM) currently trades at $22.21, while our model-based Fair Value estimate is $7.17 — implying the stock looks roughly 67.7% overvalued today. We read business quality at 95/100 (high quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Antero Midstream Corporation generated revenue of $1.3B at a net margin of 31.9%. Revenue grew 8.6% year over year. It earns a return on equity of 20.4%. Net debt stands at $3.0B. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) $1.3B
Revenue growth (YoY) +8.6%
Net margin 31.9%
Return on equity 20.4%
Free cash flow $770M FY2025
P/E ratio 24.9
More key figures
Operating margin 55.4%
EPS (TTM) $0.8600
Dividend yield 4.2%
EPS growth (YoY) -0.3%
Net debt $3.0B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

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. The gathering and processing segment includes a network of gathering pipelines and compressor stations that collect and process natural gas and NGLs from Antero Resources' wells in West Virginia and Ohio. The Water Handling segment delivers water from sources, including the Ohio River, local reservoirs, and various regional waterways; other fluid handling services, which include transfer and disposal; uses water handling systems to transport flowback and produced water; and buried pipelines, surface pipelines, and water storage facilities, as well as pumping stations and blending facilities. Antero Midstream Corporation was founded in 2002 and is headquartered in Denver, Colorado.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Antero Midstream Corporation reported revenue of $1.3B in FY2025 versus $969M in FY2021, a compound +6.8%/yr. Reported net income was $413M in FY2025, compounding +5.7%/yr from FY2021.

Revenue +6.8%/yr
FY21 $969M
FY22 $991M
FY23 $1.1B
FY24 $1.2B
FY25 $1.3B
Net income +5.7%/yr
FY21 $332M
FY22 $326M
FY23 $372M
FY24 $401M
FY25 $413M

Open the full interactive analysis →

Similar stocks

6 more Oil & Gas Midstream stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Enbridge Inc ENB $56.44 $37.24 -34%
The Williams Companies, Inc WMB $74.95 $12.03 -84%
Enterprise Products Partners L.P. EPD $36.42 $22.16 -39%
TC Energy Corporation TRP $68.02 $34.72 -49%
Kinder Morgan, Inc KMI $31.68 $17.10 -46%
Energy Transfer LP, ET $18.75 $6.53 -65%

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Frequently asked questions

Is Antero Midstream Corporation (AM) undervalued?
As of Jun 24, 2026, our model estimates a fair value of $7.17 versus a price of $22.21 — about −68% (overvalued). Model-based estimate, not financial advice.
What is the fair value of AM?
Our 21-model fair value for Antero Midstream Corporation is $7.17 (as of Jun 24, 2026), built from audited fundamentals. The current price is $22.21.
What is the quality score of AM?
Antero Midstream Corporation has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Antero Midstream Corporation (AM)?
Antero Midstream Corporation reported trailing-twelve-month revenue of about $1.3B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of AM?
The net profit margin of Antero Midstream Corporation is about 31.9%, meaning it keeps roughly 31.9% of revenue as net income. Based on the latest reported figures.
Does Antero Midstream Corporation pay a dividend?
Antero Midstream Corporation currently shows a dividend yield of about 4.20% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.