Antero Midstream CorpAMEarnings & Financial Report
Antero Resources Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado. The company's reserves are entirely in the Appalachian Basin and are extracted using hydraulic fracturing.
Revenue
$291.1M
Gross Profit
N/A
Operating Profit
$177.2M
Net Profit
$120.7M
Gross Margin
N/A
Operating Margin
60.9%
Net Margin
41.5%
YoY Growth
4.3%
EPS
$0.25
Antero Midstream Corp Q1 FY2025 Financial Summary
Antero Midstream Corp reported revenue of $291.1M (up 4.3% YoY) for Q1 FY2025, with a net profit of $120.7M (up 16.2% YoY) (41.5% margin).
Key Financial Metrics
| Total Revenue | $291.1M |
|---|---|
| Net Profit | $120.7M |
| Gross Margin | N/A |
| Operating Margin | 60.9% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
Antero Midstream Corp Q1 FY2025 revenue of $291.1M breaks down across 5 segments, led by Natural Gas Water Handling And Treatment Affiliate at $70.3M (24.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Natural Gas Water Handling And Treatment Affiliate | $70.3M | 24.1% |
| Compression | $65.1M | 22.4% |
| Gathering High Pressure | $63.9M | 22.0% |
| Water Handling | $62.4M | 21.4% |
| Other Fluid Handling | $29.6M | 10.2% |
Antero Midstream Corp Revenue by Segment — Quarterly Trend
Antero Midstream Corp revenue by segment across the last 4 reported quarters, showing how each business line (such as Natural Gas Water Handling And Treatment Affiliate and Compression) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Natural Gas Water Handling And Treatment Affiliate | — | $63.2M | $62.1M | $73.8M |
| Compression | — | — | — | $68.0M |
| Water Handling | — | $55.7M | $54.3M | — |
| Other Fluid Handling | — | $26.9M | $25.6M | — |
Antero Midstream Corp Annual Revenue by Year
Antero Midstream Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.2B |
| 2024 | $1.1B |
| 2023 | $1.0B |
| 2022 | $920.0M |
Antero Midstream Corp Quarterly Revenue & Net Profit History
Antero Midstream Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $291.1M | -7.3% | $120.7M | 41.5% |
| Q4 FY2025 | $297.0M | +3.3% | $51.9M | 17.5% |
| Q3 FY2025 | $294.8M | +9.2% | $116.0M | 39.3% |
| Q2 FY2025 | $305.5M | +13.2% | $124.5M | 40.8% |
| Q1 FY2025 | $291.1M | +4.3% | $120.7M | 41.5% |
| Q4 FY2024 | $287.5M | +10.5% | $111.2M | 38.7% |
| Q3 FY2024 | $269.9M | +2.3% | $99.7M | 37.0% |
| Q2 FY2024 | $269.8M | +4.5% | $86.0M | 31.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $269.8M | $269.9M | $287.5M | $291.1M | $305.5M | $294.8M | $297.0M | $291.1M |
| YoY Growth | 4.5% | 2.3% | 10.5% | 4.3% | 13.2% | 9.2% | 3.3% | -7.3% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $5.77B | $5.78B | $5.76B | $5.75B | $5.73B | $5.72B | $5.88B | $5.88B |
| Liabilities | $3.65B | $3.65B | $3.65B | $3.66B | $3.64B | $3.65B | $3.91B | $3.91B |
| Equity | $2.13B | $2.13B | $2.12B | $2.09B | $2.09B | $2.07B | $1.97B | $1.97B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $215.8M | $184.9M | $232.7M | $198.9M | $265.2M | $212.8M | $255.5M | $198.9M |