# ANTERO MIDSTREAM CORPORATION (AM) · Edgar & Edgarette company card

> Antero Midstream (AM) grew revenue 7.4% in FY2025 to $1.2 billion, operating margin 54.2% against a 27.9% median for natural gas transmission, equity 33.5% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1623925 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/AM) · [JSON](https://www.pops4.com/boards/company/AM.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $1.2B |
| Revenue growth, 1 year | 7.4% |
| Revenue growth per year | 7.3% |
| Operating margin | 54.2% (prior year 59.6%) |
| Net margin | 34.8% |
| Operating cash flow | $932M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $180M |
| Long-term debt | $3.2B |
| Total assets | $5.9B |
| Total equity | $2.0B |
| Equity ÷ assets | 33.5% |
| Return on equity | 21.0% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Piotroski F: 7 of 9 (solid)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: Cash cow now · steady, with strong cash arriving today

## Edgarette's reading

Exposure: revenue $1.2B (FY2025), total debt $3.2B. Experience: revenue up 7.4% on the year, up 7.3% a year over 4 years; operating margin 54.2%, down from 59.6%. Soundness: equity 33.5% of assets, return on equity 21.0%, payout 106.3% of profit. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.1B and $1.4B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $1.1B to $1.5B. A statistical range, not company guidance. Against peers (13 filers, $50M+ revenue, natural gas transmission): operating margin 54.2% against a 27.9% median; growth 7.4% against 12.2%.

Range logged 2026-10-30, receipt 9e53c4c0bdc8e803, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 8-K · filed 2026-10-28 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1623925/000110465926119692/0001104659-26-119692-index.htm)
- 10-Q · filed 2026-10-28 · [filing](https://www.sec.gov/Archives/edgar/data/1623925/000110465926119634/0001104659-26-119634-index.htm)
- 8-K · filed 2026-07-29 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1623925/000110465926088210/0001104659-26-088210-index.htm)
- 10-Q · filed 2026-07-29 · [filing](https://www.sec.gov/Archives/edgar/data/1623925/000110465926088150/0001104659-26-088150-index.htm)
- 8-K · filed 2026-07-27 · 7.01 Regulation FD Disclosure · [filing](https://www.sec.gov/Archives/edgar/data/1623925/000110465926086758/0001104659-26-086758-index.htm)
- 8-K · filed 2026-06-04 · 5.07 Submission of Matters to a Vote of Security Holders; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1623925/000110465926070571/0001104659-26-070571-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001623925.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1623925

## Cite

POPS4, Edgar & Edgarette: ANTERO MIDSTREAM CORPORATION (AM) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/AM. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.