Stock Analysis
Antero Midstream Corporation Common StockAM
P/E 24.51×· 5Y range 12.98–27.34×· top 10% of history
Sector: Utilities · Industry: Natural Gas Transmission
AnalystsSell16 analystsP/E 24.5× sits at the 90th percentile of its 5.065023956194388-year history.
Cash covers 6% of debt · FY 2025.
PMP Verdict
Mixed fundamentals, expensive valuation
Strengths
- Profitability82
- Growth61
Risks
- Valuation49
Mixed fundamentals at a demanding price.
Market context
+3.6% today· Z 1.8σ· AM stock surged 3.61% following the announcement of its Q3 2026 earnings and return of capital dates.
Bull Case
- ✓Piotroski F-Score 7/9 — high earnings quality
- ✓ROE 20.3% — efficient capital deployment
- ✓Interest coverage 8.6× — debt well covered
Why is AM moving?
EarningsAM stock surged 3.61% following the announcement of its Q3 2026 earnings and return of capital dates.
Profile
Strong profitability; moat and valuation lag behind.
How is each axis scored?
- Valuation49/100 · Weak
- P/E vs own history (90th pct)0/25
- FCF yield (8.0%)25/25
- P/S (7.8x)12/25
- EV/EBIT (19.5x)12/25
- Growth61/100 · Moderate
- Revenue CAGR (7.3%)12/25
- Net income CAGR (5.7%)12/25
- EPS CAGR 5Y (5.5%)12/25
- Fwd implied growth (37.9%)25/25
- Profitability82/100 · Strong
- ROIC (10.3%)12/25
- ROE (20.3%)20/25
- Net margin (32.4%)25/25
- Operating margin (52.8%)25/25
- Financial Health61/100 · Moderate
- Altman Z (2.13)18/25
- Current ratio (3.41)25/25
- Interest coverage (8.6x)18/25
- Net cash / debt (D/A 52%)0/25
- Quality53/100 · Moderate
- Piotroski F (7/9)22/25
- Beneish M (-0.92)6/25
- FCF conversion (194%)25/25
- Margin stability (σ 37.9%)0/25
- Moat25/100 · Weak
- ROIC >12% years (0/7 yrs)0/25
- Median gross margin (n/a)0/25
- FCF-positive years (7/7 yrs)25/25
- Worst-year net margin (worst -44.8%)0/25
Risk Flags
- ⚠Beneish M -0.92 — earnings-manipulation flag
- ⚠2 loss-making years in recent history
- ⚠P/E 24.5× at top 10% of 5-year history
About Antero Midstream Corporation Common Stock
Antero Midstream Corp is a midstream company that owns, operates, and develops midstream energy assets that service Antero Resources' production and completion activity in the Appalachian Basin, located in West Virginia and Ohio. Show more
The company has two operating segments: the Gathering and Processing segment, which includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources wells in West Virginia and Ohio, and the Water Handling segment, which includes two independent systems that deliver water from sources including the Ohio River, local reservoirs, and several regional waterways. The company derives a majority of its revenue from the Gathering and Processing segment.
Headquarters: DENVER, CO · Employees: 632 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
49D+P/E (TTM)24.2xB
Grade B: FairPrice / TTM EPS (own statements) — vs own 5Y history: 13.0x–27.3x · 90th pct
P/FCF12.1xA
Grade A: CheapPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield8.0%A
Grade A: ValueTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 6.7%–13.0% · 34th pct
P/S (TTM)7.85xC
Grade C: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 4.8x–9.7x · 85th pct
EV/EBIT19.5xC
Grade C: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 14.7x–20.2x · 94th pct
EV/Sales10.5xD
Grade D: Very expensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E17.6xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio4.91xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio—
Finnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield4.64%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio109.1%D
Grade D: UnsustainableDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
82AROIC10.3%C
Grade C: AverageNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE20.3%A
Grade A: StrongReturn on Equity. Neg. equity = heavy buybacks
ROA6.6%C
Grade C: AverageReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin32.4%A
Grade A: HighNet Income / Revenue
Operating Margin52.8%A
Grade A: HighTTM EBIT / TTM Revenue
Gross Margin80.5%A
Grade A: PremiumGross Profit / Revenue
FCF Margin62.9%A
Grade A: HighFCF / Revenue
True FCF Margin59.4%A
Grade A: HighTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
61BRevenue CAGR7.3%C
Grade C: OkCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR5.7%C
Grade C: OkCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)5.5%C
Grade C: OkCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth37.9%A
Grade A: HighAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)-1.0%B
Grade B: FlatShare count change over 5Y
SBC / Net Income10.9%C
Grade C: MedStock-based comp/Net income. >30% = dilution risk
SBC / Revenue3.5%C
Grade C: MedTTM stock-based comp / TTM Revenue
Financial Health
61BAltman Z-Score2.13C
Grade C: Gray zoneBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio3.41xA
Grade A: HighCurrent Assets/Liabilities
Quick Ratio0.84xC
Grade C: Ok(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage8.6xC
Grade C: OkEBIT/Interest. >10 Strong
Debt Repayment3.9yC
Grade C: AverageYears to repay net debt via FCF
Net Debt/EBIT4.7xD
Grade D: HighLeverage. <2x Low, >4x High
Debt/Equity1.63xC
Grade C: MedDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.06xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
53CPiotroski F-Score7/9A
Grade A: StrongFinancial strength 0–9. >7 Strong
Beneish M-Score-0.92D
Grade D: RiskyEarnings manipulation risk. < -2.22 Safe
FCF Conversion194.0%A
Grade A: StrongFCF / Net Income
Margin Stability37.9%D
Grade D: VolatileEBIT margin std deviation. Lower = stable
Capex / Revenue15.1%D
Grade D: HeavyTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.20xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Munoz Jeffrey S. Filed | Munoz Jeffrey S. | Grant / award | +2.0K | |
Chisholm Nancy Filed | Chisholm Nancy | Grant / award | +2.0K | |
Keenan W Howard JR Filed | Keenan W Howard JR | Grant / award | +2.0K | |
MCARDLE JANINE J Filed | MCARDLE JANINE J | Grant / award | +2.0K | |
KLIMLEY BROOKS J Filed | KLIMLEY BROOKS J | Grant / award | +2.0K |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
MOLLENKOPF JOHN C Filed | MOLLENKOPF JOHN C | Grant / award | +2.0K | |
KEYTE DAVID H Filed | KEYTE DAVID H | Grant / award | +3.4K | |
DEA PETER A Filed | DEA PETER A | Grant / award | +2.0K |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
25EROIC >12% Years0/7 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)—
Median annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years7/7 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor-44.8%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$0.84
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$0.38
Cash & short-term investments per share (Finnhub)
Book Value / Share$4.10
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$3.22B
Total debt obligations (short + long term)
Cash & Equiv.$180.44M
Cash and short-term investments
Net Debt$3.04B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$1.97B
Shareholders' equity (book value)
Asset / Liability1.50xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$9.68B
Current Market Capitalization
Beta0.71B
Grade B: DefensivePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Antero Midstream Corporation Common Stock (AM)
AM is up 3.61% at the last close — AM stock surged 3.61% following the announcement of its Q3 2026 earnings and return of capital dates.. Antero Midstream Corporation Common Stock meets 7 of 9 Piotroski F-Score criteria, placing its fundamental strength in the top tier of US-listed stocks. Altman Z-Score of 2.13 falls in the grey zone (1.81–2.99) — financial distress is unlikely but not ruled out. Beneish M-Score of -0.92 is above the −1.78 flag threshold, a signal that reported earnings warrant closer scrutiny. Antero Midstream Corporation Common Stock converts about 63% of revenue into free cash flow — strong cash generation.
- Takes ~3.9 years to repay net debt from free cash flow.
- Antero Midstream Corporation Common Stock posted a net loss in 2 of 9 available completed fiscal years (2017–2025).
- Return on equity of 20.3% is well above the market average.
- The stock currently yields 4.6% in dividends.
See how AM ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all AM moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 16 | Regular | 20.49 | +2.84% | 2.10 |
| Oct 15 | Regular | 19.82 | -4.55% | -3.80 |
| Oct 15 | After-hours | 19.76 | -4.82% | -4.04 |
| Oct 9 | Pre-market | 20.22 | -4.58% | -3.53 |
| Oct 6 | Regular | 21.19 | +3.04% | 3.46 |
Frequently Asked Questions about AM
What is the current Antero Midstream Corporation Common Stock (AM) stock price?
AM is trading at $20.64 at the last market close, up 3.61% on the session. PreMarketPrice tracks AM pre-market, intraday and after-hours prices.
Is AM stock a buy right now?
PreMarketPrice's quantitative model rates Antero Midstream Corporation Common Stock's financial health at 61/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is AM stock overvalued?
Antero Midstream Corporation Common Stock trades at a trailing P/E of 24.2 and our valuation score rates it 49/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Antero Midstream Corporation Common Stock report earnings?
No confirmed earnings date is currently scheduled for AM. The Earnings section lists recent reports and updates as dates are announced.
What sector does Antero Midstream Corporation Common Stock operate in?
Antero Midstream Corporation Common Stock operates in the Utilities sector, within the Natural Gas Transmission industry. The Related Stocks section lists sector peers for comparison.
What does Antero Midstream Corporation Common Stock do?
Antero Midstream Corp is a midstream company that owns, operates, and develops midstream energy assets that service Antero Resources' production and completion activity in the Appalachian Basin, located in West Virginia and Ohio.
About Antero Midstream Corporation Common Stock (AM) Stock
Antero Midstream Corporation Common Stock (AM) is a US-listed stock operating in the Utilities sector, specifically the Natural Gas Transmission industry. As of the latest update, Antero Midstream Corporation Common Stock is trading at $20.64, up 3.61% on the day with a market capitalization of $9.7 billion. The financial health score for AM is 61/100, which indicates good financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for AM stock.
AM Stock Analysis & Key Metrics
On PreMarketPrice, you can track Antero Midstream Corporation Common Stock (AM) across multiple dimensions:
- Pre-market price & movement: Real-time AM stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for AM with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Antero Midstream Corporation Common Stock across multiple reporting periods.
- Financial health score: A composite score of 61/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for AM.
- Sector peers: Compare AM against 6 other utilities stocks on key financial metrics.
Is AM a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Antero Midstream Corporation Common Stock (AM) as an investment. The financial health score of 61/100 suggests good financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Antero Midstream Corporation Common Stock (AM) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.