Filing Flows › Antero Midstream (AM) › Q3 2026
Antero Midstream (AM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Antero Midstream (AM) reported revenue of $327M for the third quarter 2026 (Q3 2026), +11% from a year earlier and -0.1% from the quarter before. Operating margin was 170.4%, net earnings $393M (120.1% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $327M | -0.1% | +11% |
| Operating profit | $557M | +206% | +209% |
| Net earnings | $393M | +246% | +239% |
| Operating cash flow | $600M | +136% | +182% |
| Free cash flow | $556M | — | +233% |
What changed
Revenue was $327.0M in Q3 2026, up 11% year over year and roughly flat from the previous quarter.
Operating profit was $557.2M, a 170.4% margin (up 109.2 points year over year). Of the extra revenue versus Q3 2025, 1170% reached operating profit, above the 61% margin then. Net earnings were $392.5M, up 239% year over year. The effective tax rate was 26.3%.
Operating cash flow was $600.3M (up 182% year over year), 153% of net earnings. Non-cash charges added back $60.8M of depreciation and amortization and $11.0M of share-based compensation. Working capital and other items added $135.8M. Capital expenditures of $44.7M left free cash flow of $555.6M.
Questions
What was Antero Midstream's revenue in the third quarter 2026?
Antero Midstream (AM) reported revenue of $327M for the third quarter 2026 (Q3 2026), +11% from a year earlier and -0.1% from the quarter before.
Was Antero Midstream profitable in the third quarter 2026?
Operating profit was $557M (170.4% of revenue) and net earnings $393M.
Source: Antero Midstream 10-Q on SEC EDGAR.