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Antero Midstream Corporation AM Water Handling — Revenue

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Other financials

Income statement

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Revenue$327.2M+7.1%
Operating income$181.9M-2.4%
Net income$113.5M-8.8%
EPS (diluted)$0.24-7.7%

Balance sheet

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Cash & equivalents$180.4M
Total debt$3.6B+19.4%
Total equity$1.9B-6.8%
Total assets$6.4B+11.1%

Cash flow

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Operating cash flow$254.2M-4.1%
CapEx$68.6M+2,286,100%
Free cash flow$232.7M+11.7%

Valuation

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Market cap$10.04B+12.4%
P/E25.1×+5.5×
P/S8.1×+0.4×

Profitability

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Operating margin52.8%-8.2pp
Net margin32.4%-7.1pp
FCF margin70%-4.8pp

Returns & leverage

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Return on equity19.8%-1.8pp
Debt / equity1.9×+0.4×
Current ratio0.8×-0.2×

Where this comes from

Reported directly by Antero Midstream Corporation in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: Antero Midstream Corporation’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:15 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-088150
(in thousands)Gathering and / ProcessingWater / HandlingUnallocated (1)Consolidated / Total
Revenues:
Revenue–Antero Resources$271,50778,539350,046
Amortization of customer relationships(13,784)(9,018)(22,802)
Total revenues257,72369,521327,244
Operating expenses:
Direct operating36,53347,99384,526
General and administrative (excluding equity-based compensation)6,5642,6252,54011,729
Equity-based compensation7,9882,52631410,828

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Antero Midstream Corporation's water handling — revenue?
Antero Midstream Corporation (AM) reported water handling — revenue of $69.52M in Q2 2026.
How has Antero Midstream Corporation's water handling — revenue changed year-over-year?
Antero Midstream Corporation's water handling — revenue increased by 5.6% year-over-year, from $65.84M to $69.52M.
What is the long-term trend for Antero Midstream Corporation's water handling — revenue?
Over 4 years (2021 to 2025), Antero Midstream Corporation's water handling — revenue has grown at a 6.4% compound annual growth rate (CAGR), from $185.55M to $238.23M.
What does water handling — revenue mean?
This represents the net revenue generated specifically from water handling operations, excluding pass-through taxes or other non-operating income. It is the primary indicator of the segment's operational scale and performance.

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