Antero Midstream Corp

Listed Company

AMCIK 0001623925NYSELarge AcceleratedNatural Gas TransmissionFY ends Dec 31

Period

FY 2025

Revenue

$1.19B

Net Income

$413.16M

Total Assets

$5.88B

Equity

$1.97B

Shares Out

474.98M

Op. Cash Flow

$932.46M

AM$22.59+27.96% · past yearDBEQ Basic

Daily closing prices

Business

Antero Midstream Corporation is a midstream energy company that owns, operates and develops gathering systems, compression facilities, water handling systems, and interests in processing and fractionation plants primarily serving Antero Resources' operations in the Appalachian Basin. The company provides gathering, compression, processing, fractionation and integrated water services under long-term fixed-fee and cost-of-service contracts with minimum volume commitments. Operations are organized into two reportable segments: gathering and processing, and water handling, serving customers in West Virginia and Ohio.

Summary from 10-K filed 2026-02-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of customer relationships	−71	−71	−71	−71	−71
Total revenue	1,188	1,106	1,042	920	898
Direct operating	232	218	213	180	157
General and administrative (including $31,606, $44,332 and $45,958 of equity-based compensation in 2023, 2024 and 2025, respectively)	88	86	71	62	64
Facility idling	2	2	2	4	4
Depreciation	134	140	136	132	109
Impairment of property and equipment	984,000	332,000	146,000	4	5
Loss on long-lived assets	87	—	—	—	—
Other operating expense, net	192,000	912,000	7	—	—
Total operating expenses	544	447	430	381	343
Operating income	645	659	612	539	555
Interest expense, net	−190	−207	−217	−190	—
Equity in earnings of unconsolidated affiliates	116	111	105	94	90
Loss on early extinguishment of debt	−1	−14	—	—	−22
Transaction expense	−5	—	—	—	—
Total other expense	−80	−111	−112	−96	−107
Income before income taxes	564	549	500	444	449
Income tax expense	−151	−148	−128	−117	−117
Net income and comprehensive income	413	401	372	326	332
Net income per common share-basic (in dollars per share)	0.86	0.83	0.77	0.68	0.69
Net income per common share-diluted (in dollars per share)	0.86	0.83	0.77	0.68	0.69
Basic (in shares)	478	481	479	478	477
Diluted (in shares)	482	485	482	480	480

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	180	—	66,000	—	—
Restricted cash	83	—	—	—	—
Income tax receivable	2	—	—	940,000	940,000
Current assets held for sale	5	—	—	—	—
Other current assets	3	2	2	1	920,000
Total current assets	380	118	91	89	84
Property and equipment, net	3,455	3,882	3,794	3,751	3,395
Investments in unconsolidated affiliates	586	604	627	653	696
Customer relationships	1,074	1,145	1,215	1,286	1,357
Assets held for sale	379	—	—	—	—
Other assets, net	11	13	11	12	13
Total assets	5,884	5,762	5,738	5,791	5,544
Accrued liabilities	92	84	81	73	81
Current liabilities held for sale	2	—	—	—	—
Other current liabilities	2	635,000	831,000	1	5
Total current liabilities	111	101	96	102	114
Long-term debt	3,223	3,117	3,213	3,361	3,123
Deferred income tax liability, net	563	414	266	131	14
Liabilities held for sale	3	—	—	—	—
Other	12	15	10	4	7
Total liabilities	3,912	3,647	3,586	3,599	3,257
Preferred stock	—	—	—	—	—
Common stock, $0.01 par value; 2,000,000 authorized; 479,422 and 474,060 issued and outstanding as of December 31, 2024 and December 31, 2025, respectively	5	5	5	5	5
Additional paid-in capital	1,953	2,020	2,046	2,105	2,414
Retained earnings	15	91	100	83	−132
Total stockholders' equity	1,972	2,115	2,152	2,192	2,287
Total liabilities and stockholders' equity	5,884	5,762	5,738	5,791	5,544

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred income tax expense	149	148	135	117	117
Distributions from unconsolidated affiliates	141	136	132	120	119
Amortization of deferred financing costs	5	6	6	6	6
Settlement of asset retirement obligations	−467,000	−795,000	−1	−5	−1
Other operating activities	192,000	912,000	7	—	—
Accounts receivable-Antero Resources	4	−27	−2	−3	−7
Accounts receivable-third party	325,000	748,000	359,000	723,000	904,000
Income tax receivable	−2	—	940,000	—	16
Other current assets	−737,000	−781,000	−2	−313,000	550,000
Accounts payable-Antero Resources	1	−54,000	−1	782,000	792,000
Accounts payable-third party	−2	4	−8	8	695,000
Income taxes payable	942,000	—	—	—	—
Accrued liabilities	−1	18	8	−747,000	−7
Net cash provided by operating activities	932	844	779	700	710
Additional investments in unconsolidated affiliate	−7	−2	−262,000	—	−2
Acquisitions of gathering systems and facilities	—	−70	−266,000	−217	—
Other investing activities	−304,000	2	1	—	—
Net cash used in investing activities	−169	−243	−183	−494	−233
Dividends to common stockholders	−439	−438	−435	−433	−471
Dividends to preferred stockholders	−550,000	−550,000	−550,000	−550,000	−550,000
Repurchases of common stock	−135	−29	—	—	—
Issuance of Senior Notes	1,250	600	—	—	750
Redemption of Senior Notes	−650	−561	—	—	−667
Payments of deferred financing costs	−14	−13	—	−302,000	−17
Borrowings on Credit Facility	1,769	1,565	1,038	1,269	1,013
Repayments on Credit Facility	−2,253	−1,711	−1,190	−1,035	−1,080
Employee tax withholding for settlement of equity-based compensation awards	−28	−15	−8	−7	−5
Net cash used in financing activities	−500	−601	−596	−206	−477
Net increase (decrease) in cash, cash equivalents and restricted cash	263	−66,000	66,000	—	−640,000
Cash paid during the period for interest	188	190	214	183	180
Income taxes refunded (paid) during the period	−3	104,000	10	—	16
Increase (decrease) in accrued capital expenditures and accounts payable for property and equipment	10	−13	1	−17	27

Filings

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Frequently asked questions

What is Antero Midstream Corp's CIK number?

Antero Midstream Corp's SEC CIK number is 0001623925 (1623925). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Antero Midstream Corp's SEC filings?

All of Antero Midstream Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Antero Midstream Corp last report earnings?

Antero Midstream Corp (AM) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-051547). This is Antero Midstream Corp's most recent earnings filing of record — not a forecast of its next earnings date.

What is Antero Midstream Corp's most recent earnings 8-K?

Antero Midstream Corp's latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001104659-26-051547. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Antero Midstream Corp's latest earnings 8-K →
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