Antero Midstream Corporation AM Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue (Gross) by Business | ||||||
| Gathering And Compression | $262M+4.6% | $250.54M+0.3% | $249.83M+0.4% | $248.9M+4.6% | $238.02M+1.4% | |
| Water Handling | $72.82M+15.2% | $63.22M+1.8% | $62.13M-15.8% | $73.77M+5.0% | $70.28M+0.3% | |
| Revenue by Business | ||||||
| Gathering And Compression | $249.91M+3.6% | $241.27M+0.3% | $240.56M+0.4% | $239.63M+4.8% | $228.75M+1.5% | |
| Water Handling | $64.3M+15.4% | $55.74M+2.7% | $54.27M-17.6% | $65.84M+5.5% | $62.38M+0.4% | |
| Total Assets by Business | ||||||
| Gathering And Compression | $5.22B+12.3% | $4.65B-1.9% | $4.74B-0.2% | $4.75B-0.3% | $4.77B0.0% | |
| Water Handling | $1.18B+22.1% | $968.28M-0.3% | $971.57M0.0% | $971.77M-1.2% | $983.67M-0.8% | |
| Operating Income by Business | ||||||
| Gathering And Compression | $190.44M+90.4% | $100.02M-44.0% | $178.73M-1.9% | $182.27M+7.0% | $170.4M+3.7% | |
| Water Handling | -$257K-113% | $2M-46.8% | $3.77M-37.7% | $6.05M-27.0% | $8.28M-43.0% | |
| Operating Expenses by Business | ||||||
| Gathering And Compression | $59.47M-57.9% | $141.25M+128% | $61.83M+7.8% | $57.36M-1.7% | $58.35M-4.5% | |
| Water Handling | $64.56M+20.1% | $53.73M+6.4% | $50.5M-15.5% | $59.79M+10.5% | $54.1M+13.7% | |
| Gain Loss On Sale Of Property Plant Equipment by Business | ||||||
| Gathering And Compression | $3.23M— | —— | —— | —— | —— | |
| Water Handling | -$571K— | —— | —— | —— | —— | |
| Capital Expenditures For Segment Property And Equipment by Business | ||||||
| Gathering And Compression | $19.44M-17.5% | $23.57M-5.2% | $24.87M+18.3% | $21.01M-4.8% | $22.08M-29.5% | |
| Water Handling | $18.47M-26.8% | $25.25M+18.5% | $21.31M+35.5% | $15.72M+86.1% | $8.45M+20.3% | |
| Stock-Based Comp by Business | ||||||
| Gathering And Compression | $7.6M+4.8% | $7.25M-5.4% | $7.66M+6.0% | $7.23M-8.3% | $7.88M-14.3% | |
| Water Handling | $2.67M-25.3% | $3.57M+16.0% | $3.08M-20.9% | $3.89M-8.3% | $4.25M+110% | |
| General And Administrative Expense Before Equity Based Compensation by Business | ||||||
| Gathering And Compression | $7.23M+35.0% | $5.35M-5.6% | $5.67M+10.5% | $5.13M-2.0% | $5.24M-24.9% | |
| Water Handling | $3.28M-13.3% | $3.78M+30.3% | $2.9M-27.4% | $4M-4.8% | $4.2M+173% | |
| Third Party Out Of Pocket Costs Reimbursement Percentage by Business | ||||||
| Gathering And Compression | 3%— | —— | —— | —— | 3%— | |
| Water Handling | 3%— | —— | 3%0.0pp | 3%0.0pp | 3%— | |
| Amortization Of Intangible Assets by Business | ||||||
| Gathering And Compression | $12.38M+33.6% | $9.27M0.0% | $9.27M0.0% | $9.27M0.0% | $9.27M0.0% | |
| Water Handling | $8.83M+5.1% | $8.4M0.0% | $8.4M0.0% | $8.4M0.0% | $8.4M0.0% | |
| Depreciation by Business | ||||||
| Gathering And Compression | $17.84M-4.9% | $18.77M-3.3% | $19.42M+0.4% | $19.34M+1.6% | $19.03M+1.6% | |
| Water Handling | $16.79M+12.2% | $14.96M-0.6% | $15.05M+7.3% | $14.03M+2.3% | $13.72M-2.4% | |
| Direct Operating Costs by Business | ||||||
| Gathering And Compression | $30.03M+11.6% | $26.91M-7.4% | $29.08M+13.3% | $25.66M-2.0% | $26.19M0.0% | |
| Water Handling | $40.67M+49.7% | $27.17M-5.7% | $28.81M-23.1% | $37.45M+22.2% | $30.64M+3.1% | |
| Weighted Average Cost Of Capital Used In Valuation by Business | ||||||
| Gathering And Compression | 14%— | —— | —— | —— | —— | |
| Water Handling | 16%— | —— | —— | —— | —— | |
| Revenue (Gross) by Product | ||||||
| Compression | $70.45M+3.1% | $68.29M+0.2% | $68.18M+0.2% | $68.02M+4.5% | $65.07M+1.9% | |
| Fresh Water Delivery | $33.32M-10.4% | $37.2M+0.5% | $37.02M-5.2% | $39.07M-5.2% | $41.21M-8.7% | |
| Gathering High Pressure | $66.09M-2.9% | $68.05M+0.7% | $67.57M+0.9% | $66.99M+4.8% | $63.94M+0.8% | |
| Gathering | $125.76M— | —— | —— | —— | $109.01M— | |
| Other Fluid Handling | $39.81M+47.8% | $26.93M+5.0% | $25.64M-27.1% | $35.17M+18.9% | $29.57M+16.5% | |
| Business Combination Acquiree S Operating Revenue Since Acquisition Date Actual by Product | ||||||
| Natural Gas Gathering Transportation Marketing And Processing Affiliate | $19.13M— | —— | —— | —— | —— | |
| Natural Gas Water Handling And Treatment Affiliate | $6.71M— | —— | —— | —— | —— | |
| Third Party Out Of Pocket Costs Reimbursement Percentage by Product | ||||||
| Compression | 3%— | —— | —— | —— | —— | |
| Fresh Water Delivery | 3%— | —— | —— | —— | —— | |
| Other Fluid Handling | 3%— | —— | —— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Antero Midstream Corporation break its business down?
- Antero Midstream Corporation (AM) reports revenue (gross) by business across 2 parts — Gathering And Compression and Water Handling. Each is extracted from the segment footnotes and tracked over time.
- Where does Antero Midstream Corporation's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Antero Midstream Corporation's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
