Antero Midstream Corporation AM Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue (Gross) by Business | ||||||
| Gathering And Compression | $262M+10.1% | $250.54M+6.8% | $249.83M+6.4% | $248.9M+8.7% | $238.02M+4.6% | |
| Water Handling | $72.82M+3.6% | $63.22M-9.8% | $62.13M+18.8% | $73.77M+27.1% | $70.28M+2.7% | |
| Revenue by Business | ||||||
| Gathering And Compression | $249.91M+9.3% | $241.27M+7.1% | $240.56M+6.6% | $239.63M+9.1% | $228.75M+4.8% | |
| Water Handling | $64.3M+3.1% | $55.74M-10.3% | $54.27M+22.5% | $65.84M+31.5% | $62.38M+2.7% | |
| Total Assets by Business | ||||||
| Gathering And Compression | $5.22B+9.5% | $4.65B-2.5% | $4.74B-0.8% | $4.75B-0.1% | $4.77B+1.0% | |
| Water Handling | $1.18B+20.2% | $968.28M-2.4% | $971.57M-2.2% | $971.77M-4.2% | $983.67M-4.5% | |
| Operating Income by Business | ||||||
| Gathering And Compression | $190.44M+11.8% | $100.02M-39.1% | $178.73M+8.3% | $182.27M+18.7% | $170.4M+10.6% | |
| Water Handling | -$257K-103% | $2M-86.2% | $3.77M+441% | $6.05M+471% | $8.28M-38.6% | |
| Operating Expenses by Business | ||||||
| Gathering And Compression | $59.47M+1.9% | $141.25M+131% | $61.83M+2.1% | $57.36M-13.3% | $58.35M-9.3% | |
| Water Handling | $64.56M+19.3% | $53.73M+12.9% | $50.5M+11.2% | $59.79M+22.0% | $54.1M+14.5% | |
| 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-12.0% | $23.57M-24.7% | $24.87M-48.4% | $21.01M-39.3% | $22.08M-20.4% | |
| Water Handling | $18.47M+119% | $25.25M+260% | $21.31M+190% | $15.72M+78.8% | $8.45M+14.9% | |
| Stock-Based Comp by Business | ||||||
| Gathering And Compression | $7.6M-3.6% | $7.25M-21.1% | $7.66M-20.1% | $7.23M-23.8% | $7.88M+8.5% | |
| Water Handling | $2.67M-37.1% | $3.57M+77.0% | $3.08M+46.3% | $3.89M+109% | $4.25M+134% | |
| General And Administrative Expense Before Equity Based Compensation by Business | ||||||
| Gathering And Compression | $7.23M+38.0% | $5.35M-23.2% | $5.67M-24.3% | $5.13M-25.4% | $5.24M-29.9% | |
| Water Handling | $3.28M-21.8% | $3.78M+146% | $2.9M+31.8% | $4M+254% | $4.2M+23.0% | |
| Third Party Out Of Pocket Costs Reimbursement Percentage by Business | ||||||
| Gathering And Compression | 3%0.0pp | —— | —— | —— | 3%— | |
| Water Handling | 3%0.0pp | —— | 3%0.0pp | 3%0.0pp | 3%0.0pp | |
| 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-6.2% | $18.77M+0.2% | $19.42M+4.2% | $19.34M-18.1% | $19.03M-18.7% | |
| Water Handling | $16.79M+22.4% | $14.96M+6.4% | $15.05M+8.2% | $14.03M+0.4% | $13.72M+0.3% | |
| Direct Operating Costs by Business | ||||||
| Gathering And Compression | $30.03M+14.6% | $26.91M+2.7% | $29.08M+18.6% | $25.66M-2.0% | $26.19M+0.2% | |
| Water Handling | $40.67M+32.7% | $27.17M-8.6% | $28.81M+5.9% | $37.45M+23.9% | $30.64M+10.3% | |
| Weighted Average Cost Of Capital Used In Valuation by Business | ||||||
| Gathering And Compression | 14%— | —— | —— | —— | —— | |
| Water Handling | 16%— | —— | —— | —— | —— | |
| Revenue (Gross) by Product | ||||||
| Compression | $70.45M+8.3% | $68.29M+6.9% | $68.18M+6.7% | $68.02M+8.6% | $65.07M+4.0% | |
| Fresh Water Delivery | $33.32M-19.1% | $37.2M-17.6% | $37.02M+31.8% | $39.07M+23.2% | $41.21M-6.7% | |
| Gathering High Pressure | $66.09M+3.4% | $68.05M+7.3% | $67.57M+6.3% | $66.99M+10.3% | $63.94M+9.7% | |
| Gathering | $125.76M+15.4% | —— | —— | —— | $109.01M— | |
| Other Fluid Handling | $39.81M+34.6% | $26.93M+6.1% | $25.64M+4.2% | $35.17M+31.4% | $29.57M+18.4% | |
| 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.
