Using the latest TTM figures, Antero Midstream shows a gross margin of 78.3%, an operating margin of 52.8%, an EBITDA margin of 72.4%, and a net margin of 32.4%. EBITDA margin had the largest decline, contracting by 9.8 percentage points, while the other available margins also decreased.
AM margin history
Over the last 3 years, Antero Midstream recorded average margins of 79.97% gross, 58.11% operating, 79.48% EBITDA, and 36.28% net. The current gross, operating, EBITDA, and net margins are all below their three-year averages.
AM margin expansion
Antero Midstream's gross margin contracted by 2 percentage points, operating margin by 8.2 percentage points, EBITDA margin by 9.8 percentage points, and net margin by 7.1 percentage points, led by EBITDA margin with a decline of 9.8 percentage points.
AM Gross margin
The average gross margin for Antero Midstream was 79.97% over the last 3 years. As of the latest period, the current gross margin for Antero Midstream is 78.3%, 1.7 percentage points below its three-year average. The gross margin for Antero Midstream moved between 78.3% in Jun 2026 and 80.5% in Dec 2025.
AM Operating margin
Over the last 3 years, Antero Midstream recorded an average operating margin of 58.11%. Against its three-year average, Antero Midstream's operating margin is currently 52.8%, 5.3 percentage points below its three-year average. The highest operating margin for Antero Midstream was 61.2% in Sep 2025, while the lowest was 52.8% in Jun 2026.
AM EBITDA margin
Antero Midstream's EBITDA margin averaged 79.48% over the last 3 years. Compared with its three-year average, Antero Midstream's current EBITDA margin is 72.4% and is 7.1 percentage points below its three-year average. Over the last 3 years, Antero Midstream's EBITDA margin peaked at 82.6% in Mar 2024 and reached a low of 72.4% in Jun 2026.
AM Net margin
The average net margin for Antero Midstream was 36.28% over the last 3 years. The current net margin stands at 32.4%, 3.9 percentage points below its three-year average. The net margin for Antero Midstream moved between 32.4% in Jun 2026 and 40.1% in Sep 2025.
AM margin group comparison
Antero Midstream's gross margin of 78.3% is above the Energy sector and the industry average. Looking at its Energy sector average of 42.7%, Antero Midstream's gross margin is 83% higher.
AM margin peer comparison
Frequently asked questions
What is Antero Midstream's gross margin?
The current gross margin for AM is 78.3% as of Jun 30, 2026.
What is Antero Midstream's operating margin?
As of Jun 30, 2026, AM has an operating margin of 52.8%.
What is Antero Midstream's EBITDA margin?
The current EBITDA margin for AM is 72.4% as of Jun 30, 2026.
What is Antero Midstream's net margin?
For the period ending Jun 30, 2026, AM recorded a net margin of 32.4%.
What are the average margins of AM?
Antero Midstream's gross, operating, EBITDA, and net margins averaged 80.0% gross, 58.1% operating, 79.5% EBITDA, and 36.3% net over the last 3 years.
What are the highest historical margins of AM?
Looking back across 5 years, AM reached 82.5% gross in Dec 2021, 61.8% operating in Dec 2021, 83.3% EBITDA in Jun 2022, and 40.1% net in Sep 2025.
What are the lowest historical margins of AM?
Looking back across 5 years, AM reached its lowest margins at 78.3% gross in Jun 2026, 52.8% operating in Jun 2026, 72.4% EBITDA in Jun 2026, and 32.4% net in Jun 2026.