Antero Midstream Partners LP (AM)

Energy · Oil & Gas Midstream
$20.61 -2.51% on the day Market cap $10.0B 52-week range $16.96 to $23.83 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Antero Midstream Partners LP's free cash flow isn't comparable to its market value here, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

C

Five factors scored 1 to 9 from AM's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation5
Profitability8
Growth2
Financial health1

Key numbers

P/E (trailing)24.4x
P/E (forward)14.6x
Price / free cash flow12.9x
EV / EBITDA17.2x
Price / sales8.07x
Price / book4.91x
Revenue growth+7.1%
Operating margin52.8%
Net margin32.4%
Return on equity20.5%
Dividend yield4.3%
Debt / equity2.27x

Results from SEC filings

Fiscal years, from Antero Midstream Partners LP's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20212022202320242025
Revenue$898M$920M$1.0B$1.1B$1.2B
Net income$332M$326M$372M$401M$413M
Free cash flow—$483M$779M$774M—
EPS (diluted)$0.69$0.68$0.77$0.83$0.86
Operating margin61.8%58.6%58.7%59.6%54.2%

Where the revenue comes from

Revenue by segments, fiscal 2025.

Gathering and Processing$950M80%
Water Handling$238M20%

Superinvestors who own AM

From each investor's latest 13F filing (what a 13F shows). 6 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Hersh Cohen
ClearBridge Investments
Trimmed $84M0.07%Q2 2026
Joel Greenblatt
Gotham Asset Management
Added $60M0.14%Q2 2026
Glenn Greenberg
Brave Warrior Advisors
Trimmed $41M0.90%Q2 2026
Cliff Asness
AQR Capital Management
Added $10M0.00%Q2 2026
Jay Petschek
Corsair Capital Management
Held $955,5910.12%Q2 2026
Thomas Kahn
Kahn Brothers Group
Held $268,5860.04%Q2 2026

Insider buying

Open-market purchases by Antero Midstream Partners LP's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of AM in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Antero Midstream Partners LP insiders buying the stock?

No open-market insider purchases of AM in the last 12 months, according to SEC Form 4 filings.

Which superinvestors own Antero Midstream Partners LP?

6 of the superinvestors Investingly tracks hold AM in their latest 13F, including Hersh Cohen, Joel Greenblatt, Glenn Greenberg.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.