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DT Midstream vs Antero Midstream: DTM and AM compared
DT Midstream is the larger company: $336M of revenue in its latest quarter (Q3 2026) against $327M for Antero Midstream (Q3 2026). Antero Midstream is growing faster (+11% against +7% a year earlier). Antero Midstream is more profitable, with an operating margin of 170.4% against 48.5%.
Where the money goes: DTM and AM
DT Midstream (DTM) · Q3 2026
DT Midstream, Q3 2026: revenue $336M (+7% year over year), operating margin 48.5%, net earnings $118M, operating cash flow $275M. The chart follows the revenue to costs, profit and cash.
Antero Midstream (AM) · Q3 2026
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.
| DT Midstream (DTM) | Antero Midstream (AM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $336M | $327M |
| Revenue growth, Y/Y | +7% | +11% |
| Operating margin | 48.5% | 170.4% |
| Net earnings | $118M | $393M |
| Net margin | 35.1% | 120.1% |
| Operating cash flow | $275M | $600M |
| Free cash flow | $184M | $556M |
| Market value | $12.8B | $10.2B |
| P/E | 27.1× | 15.1× |
| Analysts’ mean target | $148.40 | $24.00 |
Questions
Which is bigger, DT Midstream or Antero Midstream?
DT Midstream is the larger company: $336M of revenue in its latest quarter (Q3 2026) against $327M for Antero Midstream (Q3 2026).
Is DT Midstream or Antero Midstream growing faster?
Antero Midstream is growing faster (+11% against +7% a year earlier).
Which is more profitable, DT Midstream or Antero Midstream?
Antero Midstream is more profitable, with an operating margin of 170.4% against 48.5%.
More: DT Midstream earnings · how DT Midstream makes money · Antero Midstream earnings · how Antero Midstream makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.