Antero Midstream (AM) Stock Forecast & Price Target
AM$21.65+0.90 +4.34%
$10.28B
Market Cap
14.51
P/E
19.58
Forward P/E
61
Score
Antero Midstream (AM) Stock Forecast & Price Target
AM price $21.65 +0.90 +4.34%
- Ticker
- AM
- Price
- $21.65
- Change
- +0.90 +4.34%
- Market cap ?
- $10.28B
- P/E ?
- 14.51
- Forward P/E ?
- 19.58
- Dividend yield ?
- 4.34%
- Beta ?
- 0.63
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Stocklytics score
- 61
- Value
- 67
- Quality
- 55
- Growth
- 60
Stocklytics score rationale: value 67, quality 55, growth 60.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 590211000 | 0 | 1028522000 | 849598000 | 971391000 | 968874000 | 990657000 | 1112443000 | 1176865000 | 1259098000 |
Antero Midstream Corporation primarily owns, operates, and expands vital midstream energy infrastructure. Its operations are divided into two key divisions: Gathering and Processing, and Water Handling. The Gathering and Processing segment involves a comprehensive network of pipelines and compressor stations that are crucial for collecting and treating natural gas output from Antero Resources' wells situated across…
Fair value
AM fair value $27.83. Price $21.65. Price is 22% below fair value.
Below fair value, around its usual discount.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 1.26B. Growth 11.44%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 474.67M. Net debt 3.04B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2027-02-17 | — | 0.31 | — | 350.76M |
| 2026-10-28 | 0.28 | 0.30 | 327.02M | 340.62M |
| 2026-07-29 | 0.24 | 0.27 | 327.24M | 326.43M |
| 2026-04-29 | 0.25 | 0.26 | 314.21M | 311.30M |
| 2026-02-11 | 0.11 | 0.24 | 297.00M | 296.22M |
| 2025-10-29 | 0.24 | 0.25 | 312.49M | 292.46M |
| 2025-07-30 | 0.26 | 0.25 | 323.14M | 300.10M |
| 2025-04-30 | 0.25 | 0.23 | 308.80M | 285.93M |
| 2025-02-12 | 0.23 | 0.24 | 305.14M | 273.09M |
| 2024-10-30 | 0.21 | 0.23 | 287.54M | 272.51M |
| 2024-07-31 | 0.18 | 0.22 | 287.46M | 269.80M |
| 2024-04-24 | 0.21 | 0.23 | 296.72M | 277.25M |
| 2024-02-14 | 0.21 | 0.21 | 277.84M | 257.32M |
| 2023-10-25 | 0.20 | 0.21 | 281.51M | 261.07M |
| 2023-07-26 | 0.18 | 0.20 | 275.95M | 275.59M |
| 2023-04-26 | 0.18 | 0.20 | 277.14M | 265.22M |
| 2023-02-15 | 0.17 | 0.19 | 259.22M | 247.36M |
| 2022-10-26 | 0.17 | 0.19 | 248.70M | 248.50M |
| 2022-07-27 | 0.19 | 0.20 | 246.57M | 240.55M |
| 2022-04-27 | 0.19 | 0.20 | 236.16M | 231.20M |
| 2022-02-16 | 0.16 | 0.19 | 234.16M | 220.58M |
| 2021-10-27 | 0.19 | 0.20 | 242.47M | 215.25M |
| 2021-07-28 | 0.23 | 0.19 | 250.46M | 215.25M |
| 2021-04-28 | 0.17 | 0.20 | 241.79M | 219.42M |
| 2021-02-17 | 0.16 | 0.20 | 221.52M | 197.95M |
| 2020-10-28 | 0.22 | 0.22 | 251.22M | 233.41M |
| 2020-07-29 | 0.18 | 0.21 | 237.34M | 268.57M |
| 2020-04-29 | 0.23 | 0.20 | 261.31M | 66.19M |
| 2020-02-12 | 0.35 | 0.23 | 256.90M | 189.60M |
| 2019-10-29 | 0.39 | 0.20 | 272.66M | 89.82M |
| 2019-07-31 | 0.14 | 0.22 | 264.15M | 401.69M |
| 2019-05-01 | 0.19 | 0.30 | 55.89M | 84.54M |
| 2019-02-13 | 0.10 | 0.16 | 281.75M | — |
| 2018-10-31 | 0.09 | 0.13 | — | — |
| 2018-08-01 | 0.07 | 0.13 | — | — |
| 2018-04-25 | 0.07 | 0.11 | — | — |
| 2018-02-13 | 0.03 | 0.07 | 23.77M | — |
| 2017-11-01 | 0.02 | 0.06 | 19.07M | — |
| 2017-08-02 | -0.01 | 0.17 | 15.33M | — |
| 2017-05-08 | -0.02 | — | 11.55M | — |
Dividends
Yield 4.16%. Payout ratio 64.32%. Frequency Quarterly.
Safety score 89/100 · Safe. Payout ratio is 64% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 10 separate years. Yield is 4.2%, in a range that is usually sustainable.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2026-10-28 | $0.23 | 2026-10-28 | 2026-11-11 | Quarterly |
| 2026-07-29 | $0.23 | 2026-07-29 | 2026-08-12 | Quarterly |
| 2026-04-29 | $0.23 | 2026-04-29 | 2026-05-13 | Quarterly |
| 2026-01-28 | $0.23 | 2026-01-28 | 2026-02-11 | Quarterly |
| 2025-10-22 | $0.23 | 2025-10-22 | 2025-11-05 | Quarterly |
| 2025-07-23 | $0.23 | 2025-07-23 | 2025-08-06 | Quarterly |
| 2025-04-23 | $0.23 | 2025-04-23 | 2025-05-07 | Quarterly |
| 2025-01-29 | $0.23 | 2025-01-29 | 2025-02-12 | Quarterly |
| 2024-10-23 | $0.23 | 2024-10-23 | 2024-11-06 | Quarterly |
| 2024-07-24 | $0.23 | 2024-07-24 | 2024-08-07 | Quarterly |
| 2024-04-23 | $0.23 | 2024-04-24 | 2024-05-08 | Quarterly |
| 2024-01-23 | $0.23 | 2024-01-24 | 2024-02-07 | Quarterly |
| 2023-10-24 | $0.23 | 2023-10-25 | 2023-11-08 | Quarterly |
| 2023-07-25 | $0.23 | 2023-07-26 | 2023-08-09 | Quarterly |
| 2023-04-25 | $0.23 | 2023-04-26 | 2023-05-10 | Quarterly |
| 2023-01-24 | $0.23 | 2023-01-25 | 2023-02-08 | Quarterly |
| 2022-10-25 | $0.23 | 2022-10-26 | 2022-11-09 | Quarterly |
| 2022-07-26 | $0.23 | 2022-07-27 | 2022-08-10 | Quarterly |
| 2022-04-26 | $0.23 | 2022-04-27 | 2022-05-11 | Quarterly |
| 2022-01-25 | $0.23 | 2022-01-26 | 2022-02-09 | Quarterly |
| 2021-10-26 | $0.23 | 2021-10-27 | 2021-11-10 | Quarterly |
| 2021-07-27 | $0.23 | 2021-07-28 | 2021-08-11 | Quarterly |
| 2021-04-27 | $0.23 | 2021-04-28 | 2021-05-12 | Quarterly |
| 2021-02-02 | $0.31 | 2021-02-03 | 2021-02-11 | Quarterly |
| 2020-10-28 | $0.31 | 2020-10-29 | 2020-11-12 | Quarterly |
| 2020-07-29 | $0.31 | 2020-07-30 | 2020-08-12 | Quarterly |
| 2020-04-29 | $0.31 | 2020-04-30 | 2020-05-12 | Quarterly |
| 2020-01-30 | $0.31 | 2020-01-31 | 2020-02-12 | Quarterly |
| 2019-10-31 | $0.31 | 2019-11-01 | 2019-11-13 | Quarterly |
| 2019-07-25 | $0.31 | 2019-07-26 | 2019-08-07 | Quarterly |
| 2019-04-25 | $0.30 | 2019-04-26 | 2019-05-08 | Quarterly |
| 2019-01-31 | $0.16 | 2019-02-01 | 2019-02-21 | Quarterly |
| 2018-11-01 | $0.14 | 2018-11-02 | 2018-11-16 | Quarterly |
| 2018-08-01 | $0.12 | 2018-08-02 | 2018-08-17 | Quarterly |
| 2018-05-02 | $0.11 | 2018-05-03 | 2018-05-18 | Quarterly |
| 2018-01-31 | $0.07 | 2018-02-01 | 2018-02-20 | Quarterly |
| 2017-10-31 | $0.06 | 2017-11-01 | 2017-11-23 | Quarterly |
| 2017-08-01 | $0.03 | 2017-08-03 | 2017-08-16 | Quarterly |
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-10 | MCARDLE JANINE J | Buy | 2.02K | — | — |
| 2026-10-10 | Munoz Jeffrey S. | Buy | 2.02K | — | — |
| 2026-10-10 | MOLLENKOPF JOHN C | Buy | 2.02K | — | — |
| 2026-10-10 | Chisholm Nancy | Buy | 2.02K | — | — |
| 2026-10-10 | DEA PETER A | Buy | 2.02K | — | — |
| 2026-10-10 | Keenan W Howard JR | Buy | 2.02K | — | — |
| 2026-10-10 | KLIMLEY BROOKS J | Buy | 2.02K | — | — |
| 2026-10-10 | KEYTE DAVID H | Buy | 3.41K | — | — |
| 2026-08-06 | KLIMLEY BROOKS J | Sell | 5.00K | $21.27 | 106.35K |
| 2026-08-04 | Pearce Sheri | Sell | 16.00K | $22.01 | 352.16K |
| 2026-07-10 | Keenan W Howard JR | Buy | 1.91K | — | — |
| 2026-07-10 | DEA PETER A | Buy | 1.91K | — | — |
| 2026-07-10 | Chisholm Nancy | Buy | 1.91K | — | — |
| 2026-07-10 | MOLLENKOPF JOHN C | Buy | 1.91K | — | — |
| 2026-07-10 | Munoz Jeffrey S. | Buy | 1.91K | — | — |
| 2026-07-10 | MCARDLE JANINE J | Buy | 1.91K | — | — |
| 2026-07-10 | KEYTE DAVID H | Buy | 3.23K | — | — |
| 2026-07-10 | KLIMLEY BROOKS J | Buy | 1.91K | — | — |
| 2026-05-04 | Schultz Yvette K | Sell | 69.27K | $21.90 | 1.52M |
| 2026-05-04 | Kennedy Michael N. | Sell | 100.00K | $21.92 | 2.19M |
| 2026-04-10 | Keenan W Howard JR | Buy | 1.62K | — | — |
| 2026-04-10 | DEA PETER A | Buy | 1.62K | — | — |
| 2026-04-10 | Chisholm Nancy | Buy | 1.62K | — | — |
| 2026-04-10 | Munoz Jeffrey S. | Buy | 1.62K | — | — |
| 2026-04-10 | KEYTE DAVID H | Buy | 2.95K | — | — |
| 2026-04-10 | MCARDLE JANINE J | Buy | 1.62K | — | — |
| 2026-04-10 | MOLLENKOPF JOHN C | Buy | 1.62K | — | — |
| 2026-04-10 | KLIMLEY BROOKS J | Buy | 1.62K | — | — |
| 2026-03-12 | KLIMLEY BROOKS J | Sell | 5.00K | $23.16 | 115.80K |
| 2026-03-10 | Pearce Sheri | Sell | 14.00K | $22.76 | 318.64K |
| 2026-03-09 | Schultz Yvette K | Sell | 25.00K | $22.81 | 570.25K |
| 2026-03-07 | Pearce Sheri | Buy | 32.65K | — | — |
| 2026-03-07 | Pearce Sheri | Sell | 25.24K | $22.97 | 579.76K |
| 2026-03-07 | Agnew Justin J. | Buy | 32.65K | — | — |
| 2026-03-07 | Agnew Justin J. | Sell | 15.50K | $22.97 | 356.01K |
| 2026-03-07 | Kennedy Michael N. | Buy | 261.21K | — | — |
| 2026-03-07 | Kennedy Michael N. | Sell | 108.53K | $22.97 | 2.49M |
| 2026-03-07 | Kennedy Michael N. | Sell | 15.00K | — | — |
| 2026-03-07 | Krueger Brendan E. | Buy | 97.95K | — | — |
| 2026-03-07 | Krueger Brendan E. | Sell | 56.55K | $22.97 | 1.30M |
| 2026-03-07 | Schultz Yvette K | Buy | 97.95K | — | — |
| 2026-03-07 | Schultz Yvette K | Sell | 66.25K | $22.97 | 1.52M |
| 2026-02-24 | Schultz Yvette K | Buy | 124.05K | — | — |
| 2026-02-24 | Schultz Yvette K | Sell | 54.78K | $22.12 | 1.21M |
| 2026-02-24 | Krueger Brendan E. | Buy | 99.24K | — | — |
| 2026-02-24 | Krueger Brendan E. | Sell | 43.85K | $22.12 | 969.90K |
| 2026-02-24 | Kennedy Michael N. | Buy | 203.21K | — | — |
| 2026-02-24 | Kennedy Michael N. | Sell | 89.39K | $22.12 | 1.98M |
| 2026-01-10 | MOLLENKOPF JOHN C | Buy | 2.06K | — | — |
| 2026-01-10 | DEA PETER A | Buy | 2.06K | — | — |
| 2026-01-10 | Keenan W Howard JR | Buy | 2.06K | — | — |
| 2026-01-10 | Chisholm Nancy | Buy | 2.06K | — | — |
| 2026-01-10 | MCARDLE JANINE J | Buy | 2.06K | — | — |
| 2026-01-10 | Munoz Jeffrey S. | Buy | 2.06K | — | — |
| 2026-01-10 | KEYTE DAVID H | Buy | 3.75K | — | — |
| 2026-01-10 | KLIMLEY BROOKS J | Buy | 2.06K | — | — |
| 2025-12-16 | KLIMLEY BROOKS J | Sell | 5.00K | $17.59 | 87.95K |
| 2025-12-12 | Kennedy Michael N. | Sell | 15.00K | — | — |
| 2025-10-10 | Keenan W Howard JR | Buy | 1.94K | — | — |
| 2025-10-10 | DEA PETER A | Buy | 1.94K | — | — |
| 2025-10-10 | Chisholm Nancy | Buy | 1.94K | — | — |
| 2025-10-10 | MOLLENKOPF JOHN C | Buy | 1.94K | — | — |
| 2025-10-10 | Munoz Jeffrey S. | Buy | 1.94K | — | — |
| 2025-10-10 | MCARDLE JANINE J | Buy | 1.94K | — | — |
| 2025-10-10 | KEYTE DAVID H | Buy | 2.77K | — | — |
| 2025-10-10 | KLIMLEY BROOKS J | Buy | 1.94K | — | — |
| 2025-08-20 | Pearce Sheri | Sell | 39.16K | $17.51 | 685.60K |
| 2025-08-14 | Agnew Justin J. | Other | 0 | — | — |
| 2025-07-10 | DEA PETER A | Buy | 2.04K | — | — |
| 2025-07-10 | Chisholm Nancy | Buy | 2.04K | — | — |
| 2025-07-10 | MOLLENKOPF JOHN C | Buy | 2.04K | — | — |
| 2025-07-10 | Munoz Jeffrey S. | Buy | 2.04K | — | — |
| 2025-07-10 | MCARDLE JANINE J | Buy | 2.04K | — | — |
| 2025-07-10 | KEYTE DAVID H | Buy | 2.04K | — | — |
| 2025-07-10 | KLIMLEY BROOKS J | Buy | 2.04K | — | — |
| 2025-07-10 | Keenan W Howard JR | Buy | 2.04K | — | — |
| 2025-05-28 | KLIMLEY BROOKS J | Sell | 5.00K | $18.88 | 94.40K |
| 2025-04-15 | Krueger Brendan E. | Sell | 25.81K | $16.73 | 431.78K |
| 2025-04-15 | Kennedy Michael N. | Sell | 44.30K | $16.73 | 741.21K |
| 2025-04-15 | Schultz Yvette K | Sell | 27.53K | $16.73 | 460.51K |
| 2025-04-15 | RADY PAUL M | Sell | 149.41K | $16.73 | 2.50M |
| 2025-04-15 | Pearce Sheri | Sell | 12.26K | $16.73 | 205.03K |
| 2025-04-10 | MCARDLE JANINE J | Buy | 2.24K | — | — |
| 2025-04-10 | KLIMLEY BROOKS J | Buy | 2.24K | — | — |
| 2025-04-10 | KEYTE DAVID H | Buy | 2.24K | — | — |
| 2025-04-10 | MOLLENKOPF JOHN C | Buy | 2.24K | — | — |
| 2025-04-10 | Munoz Jeffrey S. | Buy | 2.24K | — | — |
| 2025-04-10 | DEA PETER A | Buy | 2.24K | — | — |
| 2025-04-10 | Chisholm Nancy | Buy | 2.24K | — | — |
| 2025-04-10 | Keenan W Howard JR | Buy | 2.24K | — | — |
| 2025-03-07 | Pearce Sheri | Buy | 46.04K | — | — |
| 2025-03-07 | Pearce Sheri | Sell | 18.49K | $16.46 | 304.35K |
| 2025-03-07 | Krueger Brendan E. | Buy | 120.86K | — | — |
| 2025-03-07 | Krueger Brendan E. | Sell | 38.83K | $16.46 | 639.09K |
| 2025-03-07 | Kennedy Michael N. | Buy | 197.97K | — | — |
| 2025-03-07 | Kennedy Michael N. | Sell | 79.50K | $16.46 | 1.31M |
| 2025-03-07 | Schultz Yvette K | Buy | 120.86K | — | — |
| 2025-03-07 | Schultz Yvette K | Sell | 48.53K | $16.46 | 798.85K |
| 2025-03-07 | RADY PAUL M | Buy | 460.40K | — | — |
| 2025-03-07 | RADY PAUL M | Sell | 184.89K | $16.46 | 3.04M |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 557, holders +17 vs prior quarter. Ownership 60.91%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| BLACKROCK, INC. | 38.20M | 1.08M | +2.92% | 869.05M |
| INVESCO LTD. | 20.75M | -809.92K | -3.76% | 471.99M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 18.19M | -106.78K | -0.58% | 413.90M |
| VANGUARD CAPITAL MANAGEMENT LLC | 14.96M | 149.52K | +1.01% | 340.31M |
| STATE STREET CORP | 11.56M | -34.65K | -0.30% | 262.96M |
| GEODE CAPITAL MANAGEMENT, LLC | 10.36M | 461.86K | +4.67% | 235.70M |
| TORTOISE CAPITAL ADVISORS, L.L.C. | 10.18M | -975.91K | -8.75% | 231.67M |
| DIMENSIONAL FUND ADVISORS LP | 9.01M | -6.70K | -0.07% | 204.98M |
| NEUBERGER BERMAN GROUP LLC | 7.43M | 162.22K | +2.23% | 169.15M |
| BANK OF NEW YORK MELLON CORP | 6.92M | -2.21M | -24.23% | 157.37M |
| MORGAN STANLEY | 6.70M | 446.72K | +7.14% | 152.48M |
| SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. | 3.91M | 3.91M | New | 88.90M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 3.91M | -31.08K | -0.79% | 88.90M |
| NORTHERN TRUST CORP | 3.74M | 10.77K | +0.29% | 85.14M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. | 3.68M | -221.92K | -5.69% | 83.74M |
| CLEARBRIDGE INVESTMENTS, LLC | 3.68M | -63.14K | -1.69% | 83.70M |
| ALLIANCEBERNSTEIN L.P. | 3.63M | -198.25K | -5.18% | 82.67M |
| BOSTON TRUST WALDEN CORP | 3.45M | 19.67K | +0.57% | 78.52M |
| NORGES BANK | 3.41M | 3.41M | New | 77.66M |
| QUBE RESEARCH & TECHNOLOGIES LTD | 3.19M | 564.39K | +21.50% | 72.57M |
| COVALIS CAPITAL LLP | 3.03M | 2.05M | +207.72% | 68.97M |
| BNP PARIBAS FINANCIAL MARKETS | 2.86M | 602.50K | +26.67% | 65.11M |
| GOTHAM ASSET MANAGEMENT, LLC | 2.64M | 477.47K | +22.03% | 60.16M |
| CLARK CAPITAL MANAGEMENT GROUP, INC. | 2.62M | 63.30K | +2.48% | 59.52M |
| BLACKSTONE INC. | 2.61M | -198.76K | -7.07% | 59.44M |
Forecast
Consensus Hold from 8 analysts. Average price target $23.75, +9.7% versus the current price. Low $22.00. High $25.00.
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