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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. The company has two operating segments; the Gathering and Processing segment 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 includes two independent systems that deliver water from sources including the Ohio River, local reservoirs and several regional waterways. It derives a majority of its revenue from the Gathering and Processing segment.
2013
616
LTM Revenue $1.1B
LTM EBITDA $1.1B
$11.0B
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Antero Midstream has a last 12-month revenue of $1.1B and a last 12-month EBITDA of $1.1B.
In the most recent fiscal year, Antero Midstream achieved revenue of $1.2B and an EBITDA of $966M.
Antero Midstream expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Antero Midstream valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | XXX | XXX | XXX |
| Gross Profit | $608M | $693M | XXX | XXX | XXX |
| Gross Margin | 55% | 59% | XXX | XXX | XXX |
| EBITDA | $924M | $966M | XXX | XXX | XXX |
| EBITDA Margin | 83% | 82% | XXX | XXX | XXX |
| Net Profit | $326M | $372M | XXX | XXX | XXX |
| Net Margin | 29% | 32% | XXX | XXX | XXX |
| Net Debt | $3.4B | $3.2B | XXX | XXX | XXX |
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As of April 15, 2025, Antero Midstream's stock price is $17.
Antero Midstream has current market cap of $7.9B, and EV of $11.0B.
See Antero Midstream trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $11.0B | $7.9B | XXX | XXX | XXX | XXX | $0.87 |
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Sign UpAs of April 15, 2025, Antero Midstream has market cap of $7.9B and EV of $11.0B.
Antero Midstream's trades at 9.8x LTM EV/Revenue multiple, and 10.4x LTM EBITDA.
Analysts estimate Antero Midstream's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Antero Midstream and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $11.0B | XXX | XXX | XXX |
| EV/Revenue | 9.4x | XXX | XXX | XXX |
| EV/EBITDA | 11.4x | XXX | XXX | XXX |
| P/E | 19.7x | XXX | XXX | XXX |
| P/E/Growth | 1.1x | XXX | XXX | XXX |
| EV/FCF | 18.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpAntero Midstream's NTM/LTM revenue growth is 5%
Antero Midstream's revenue per employee for the last fiscal year averaged $1.9M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Antero Midstream's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Antero Midstream's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Antero Midstream and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 82% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 5% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 87% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $1.9M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 7% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 7% | XXX | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNOC Drilling Company | XXX | XXX | XXX | XXX | XXX | XXX |
| ADNOC Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| Dana Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| TAQA | XXX | XXX | XXX | XXX | XXX | XXX |
| AGL Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Antero Midstream acquired XXX companies to date.
Last acquisition by Antero Midstream was XXXXXXXX, XXXXX XXXXX XXXXXX . Antero Midstream acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Antero Midstream founded? | Antero Midstream was founded in 2013. |
| Where is Antero Midstream headquartered? | Antero Midstream is headquartered in United States of America. |
| How many employees does Antero Midstream have? | As of today, Antero Midstream has 616 employees. |
| Who is the CEO of Antero Midstream? | Antero Midstream's CEO is Mr. Paul M. Rady. |
| Is Antero Midstream publicy listed? | Yes, Antero Midstream is a public company listed on NYS. |
| What is the stock symbol of Antero Midstream? | Antero Midstream trades under AM ticker. |
| When did Antero Midstream go public? | Antero Midstream went public in 2017. |
| Who are competitors of Antero Midstream? | Similar companies to Antero Midstream include e.g. ADNOC Drilling Company, ADNOC Gas, Dana Gas, TAQA. |
| What is the current market cap of Antero Midstream? | Antero Midstream's current market cap is $7.9B |
| What is the current revenue of Antero Midstream? | Antero Midstream's last 12-month revenue is $1.1B. |
| What is the current EBITDA of Antero Midstream? | Antero Midstream's last 12-month EBITDA is $1.1B. |
| What is the current EV/Revenue multiple of Antero Midstream? | Current revenue multiple of Antero Midstream is 9.8x. |
| What is the current EV/EBITDA multiple of Antero Midstream? | Current EBITDA multiple of Antero Midstream is 10.4x. |
| What is the current revenue growth of Antero Midstream? | Antero Midstream revenue growth between 2023 and 2024 was 6%. |
| Is Antero Midstream profitable? | Yes, Antero Midstream is EBITDA-positive (as of the last 12 months). |
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