Antero Midstream Corporation (AM) Valuation — DCF, Graham & Comparables

Antero Midstream Corporation (AM) — Price $20.75 (intraday price, October 28, 2026) — Energy — Oil & Gas Midstream — NYSE

Latest reported results:

Valuation dashboard for Antero Midstream Corporation (AM) with P/E 24.70, P/B 5.15, EV/EBITDA 14.01 and dividend yield 4.27%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Energy companies.

Antero Midstream Corporation primarily owns, operates, and expands vital midstream energy infrastructure. Its operations are divided into two key divisions: Gathering and Processing, and Water Handling. The Gathering and Processing segment involves a comprehensive network of pipelines and compressor stations that are crucial for collecting and treating natural gas output from Antero Resources' wells situated across West Virginia and Ohio.

Analysis Summary

Antero Midstream Corporation reported revenue of $1.26B in the most recent fiscal year, growing at a 5-year CAGR of 5.3%.

Trailing-twelve-month margins: gross margin 62.9%, operating margin 56.0%, net margin 30.4%.

At $20.75 (intraday price, October 28, 2026), AM trades at a P/E of 24.70 and an ROE of 20.19%. Market capitalisation stands at $9.8B.

Balance sheet quality for AM: current ratio of 3.4. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio24.70
Price / Book5.15
EV / EBITDA14.01
Dividend Yield4.27%

Valuation Models

DCF Fair Value$25.04
vs Current Price+20.7%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
AMAntero Midstream Corporation$9.8B24.705.1520.2%
PAGPPlains GP Holdings LP$5.5B9.973.5840.0%
WMBThe Williams Companies, Inc.$90.8B29.476.8923.9%
MPLXMPLX Lp$59.7B12.674.2433.4%
OKEONEOK, Inc.$59.6B16.302.5617.9%
WESWestern Midstream Partners, LP$18.6B14.074.2134.1%
DTMDT Midstream, Inc.$12.7B27.382.749.9%
HESMHess Midstream LP$6.3B10.567.9169.0%

Price

Price$20.75 (intraday price, October 28, 2026)
Market Cap$9.8B
ExchangeNYSE
CountryUS

Profitability

Return on Equity20.19%
Return on Invested Capital8.62%
Return on Assets6.28%
Gross Margin62.92%
Operating Margin56.05%
Net Margin30.45%

Related companies: PAGP · WMB · MPLX · OKE · WES · DTM · HESM · DKL

Explore sector: Energy · Oil & Gas Midstream

More sections of AM: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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