AM

Antero Midstream Corp

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Advanced Chart

17.070

-0.01(-0.059%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

17.200

Open

17.170

VWAP

17.06

Vol

2.89M

Mkt Cap

8.18B

Low

17.005

Amount

49.31M

EV/EBITDA(TTM)

12.85

Total Shares

481.24M

11.29B

EV/OCF(TTM)

13.57

P/S(TTM)

7.41

Antero Midstream Corporation is a midstream energy company. The Company owns, operates and develops midstream gathering, compression, processing and fractionation assets located in the Appalachian Basin, as well as integrated water assets that primarily service Antero Resources Corporation’s (Antero Resources) properties. The Company’s assets consist of gathering systems and compression facilities, water handling and blending facilities and interests in processing and fractionation plants. The Company’s segments include gathering and processing and water handling. The gathering and processing segment includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources’ wells in the Appalachian Basin, as well as equity in earnings from its investments in the Joint Venture and Stonewall. The water handling segment includes two independent systems that deliver water from sources and other fluid handling services.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

288.62M

+0.4%

288.49M

+6.9%

297.28M

+10.19%

Estimates Revision

The market is revising Upward the revenue expectations for Antero Midstream Corporation (AM) for FY2025, with the revenue forecasts being adjusted by 4.2% over the past three months. During the same period, the stock price has changed by 0.23%.

Revenue Estimates for FY2025

Revise Upward

+4.2%

In Past 3 Month

Stock Price

Go Up

+0.23%

In Past 3 Month

2 Analyst Rating

-0.41% Downside

Wall Street analysts forecast AM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AM is 17.00 USD with a low forecast of 17.00 USD and a high forecast of 17.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

0 Buy

1 Hold

1 Sell

Moderate Sell

-0.41% Downside

Current: 17.070

Low

17.00

Averages

17.00

High

17.00

-0.41% Downside

Current: 17.070

Low

17.00

Averages

17.00

High

17.00

Morgan Stanley

Underweight

maintain

$16 -> $17

2025-06-03

Reason

Morgan Stanley

Price Target

$16 -> $17

2025-06-03

maintain

Underweight

Reason

Morgan Stanley raised the firm's price target on Antero Midstream to $17 from $16 and keeps an Underweight rating on the shares. The firm adjusted selected targets among its coverage as part of its North American Midstream & Renewable Energy Infrastructure weekly update.

Wells Fargo

Ned Baramov

Buy

Maintains

$16 → $17

2025-02-18

Reason

Wells Fargo

Ned Baramov

Price Target

$16 → $17

2025-02-18

Maintains

Buy

Reason

Wells Fargo

Ned Baramov

Buy

Hold

Downgrades

$16

2024-12-18

Reason

Wells Fargo

Ned Baramov

Price Target

$16

2024-12-18

Downgrades

Buy

Hold

Reason

Wells Fargo downgraded Antero Midstream to Equal Weight from Overweight with an unchanged price target of $16. The firm remains bullish on the natural gas data center theme but is overall cautious on midstream in 2025, citing full valuations and expectations for range-bound commodity prices. Natural gas pipeline stocks should maintain their premium and could see potential further multiple expansion driven by higher terminal values and increased capex on high return data center growth projects, the analyst tells investors in a research note. Wells adjusted midstream ratings as part of its 2025 outlook.

Morgan Stanley

Devin McDermott

Sell

Maintains

$15 → $16

2024-08-27

Reason

Morgan Stanley

Devin McDermott

Price Target

$15 → $16

2024-08-27

Maintains

Sell

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Antero Midstream Corp (AM.N) is 16.84, compared to its 5-year average forward P/E of 14.02. For a more detailed relative valuation and DCF analysis to assess Antero Midstream Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Overvalued

5Y Average PE

14.02

Current PE

16.84

Overvalued PE

16.39

Undervalued PE

11.65

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Overvalued

5Y Average EV/EBITDA

8.99

Current EV/EBITDA

10.15

Overvalued EV/EBITDA

9.75

Undervalued EV/EBITDA

8.23

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Overvalued

5Y Average PS

5.43

Current PS

6.95

Overvalued PS

6.39

Undervalued PS

4.46