Filing Flows › Antero Midstream (AM) › Q3 2026 › vs Q3 2025
Antero Midstream (AM) Q3 2026 vs Q3 2025 (year over year)
Antero Midstream's revenue rose $32.2M (+11%) from $295M in Q3 2025 to $327M in Q3 2026. Operating margin 170.4% against 61.2% (+109.2 pts).
Antero Midstream, Q3 2026: revenue $327M (+11% year over year), operating margin 170.4%, net earnings $393M, operating cash flow $600M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 170.4% | 61.2% | +109.2 pts |
| Net margin | 120.1% | 39.3% | +80.7 pts |
| Free cash flow margin | 169.9% | 56.5% | +113.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $327M | $295M | $32.2M | +11% |
| Operating profit | $557M | $180M | $377M | +209% |
| Pre-tax earnings | $533M | $162M | $371M | +230% |
| Other expense, net | $24.4M | $18.8M | $5.6M | +30% |
| Net earnings | $393M | $116M | $277M | +239% |
| Income tax | $140M | $45.7M | $94.4M | +207% |
| Depreciation & amortization | $60.8M | $52.1M | $8.7M | +17% |
| Share-based compensation | $11.0M | $11.0M | −$66K | -0.6% |
| Working capital & other | $136M | $33.7M | $102M | +303% |
| Operating cash flow | $600M | $213M | $387M | +182% |
| Free cash flow (OCF − capex) | $556M | $167M | $389M | +233% |
| Capital expenditures | $44.7M | $46.2M | −$1.5M | -3% |
Questions
How much did Antero Midstream's revenue grow year over year in Q3 2026?
Antero Midstream's revenue rose $32.2M (+11%) from $295M in Q3 2025 to $327M in Q3 2026. Operating margin 170.4% against 61.2% (+109.2 pts).