Filing Flows › Antero Midstream (AM) › Operating margin
Antero Midstream (AM) operating margin by quarter
Antero Midstream's operating margin was 170.4% in Q3 2026 (third quarter 2026), +114.8 pts from Q2 2026. Over the last 7 quarters it ranged from 33.8% (Q4 2025) to 170.4% (Q3 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 170.4% | +114.8 pts | +109.2 pts |
| Q2 2026 | 55.6% | -4.4 pts | -5.4 pts |
| Q1 2026 | 60.0% | +26.2 pts | -0.8 pts |
| Q4 2025 | 33.8% | -27.4 pts | — |
| Q3 2025 | 61.2% | +0.2 pts | — |
| Q2 2025 | 61.0% | +0.2 pts | — |
| Q1 2025 | 60.9% | — | — |
Q3 2026 at a glance
Antero Midstream, Q3 2026: revenue $327M (+11% year over year), operating margin 170.4%, net earnings $393M, operating cash flow $600M. The chart follows the revenue to costs, profit and cash.
Questions
What is Antero Midstream's operating margin?
Antero Midstream's operating margin was 170.4% in Q3 2026 (third quarter 2026), +114.8 pts from Q2 2026.
How has Antero Midstream's operating margin changed?
Over the last 7 quarters it ranged from 33.8% (Q4 2025) to 170.4% (Q3 2026).