NYSE: AM

Antero Midstream (AM) Stock Analysis & Forecast

Sep 28 close

$20.70−0.23 (−1.1%)

Gekko Brief

AI summary

Antero Midstream draws mixed analyst attention this week. Capital One Financial upgraded the stock from "equal weight" to "overweight" with a $25.00 price target, citing potential upside, and shares rose 3% following the move. UBS, meanwhile, trimmed its price target to $22 from $24 while maintaining a Neutral rating. The stock continues to carry a consensus "Hold" rating, with an average target price cited at $24.20 in one report and $23.29 in another.

Shares closed at $20.70, down 1.1%, sitting between the 50-day average of $22.00 and the 200-day average of $21.22, reflecting a mixed trend. The GekkoIndex reads 68.9, placing the stock in the Accumulation zone. Price sits 13.8% below Gekko Fair Value of $24.00, a gap that bears watching.

The next earnings date falls on 28 October 2026, 29 days out, beyond a typical 20-trading-day hold. Analysts across 6 firms show 1 buy, 4 hold and 1 sell ratings, with a consensus target of $24 and consensus upside of 15.9%. Seasonality over the past 5 years shows the next 20 trading days averaging a 1.1% return, positive in 3 of those years. No insider, Congress or unusual options activity appears in the current window, leaving smart-money positioning without a clear signal heading into earnings.

Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.

Antero Midstream price vs fair value

$24.00$20.70Sep ’25Mar ’26Sep ’26
Close $20.70200-day averageGekko Fair Value $24.00

Antero Midstream quick facts

Market cap
$9.83B
P/E ratio
25.5
Forward P/E
12.9
EPS, TTM
$0.83
Revenue, TTM
$1.31B
Profit margin
30.4%
Dividend yield
4.28%
Beta
0.63
Volume
2.32M avg 2.46M
1-year return
+5.9%
Typical daily move
±2.5%
Typical 20-day move
±4.2%
50-day average
$22.00
200-day average
$21.22
Next earnings
Oct 28
Shares outstanding
474.7M
52-week range
$16.96$23.84

Antero Midstream swing-trade checklist

Antero Midstream scores 4 supportive, 1 mixed and 0 headwinds across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

4 supportive1 mixed0 headwinds

  • Trendmixed

    Averages disagree

    Close $20.70 sits between the 50-day ($22.00) and 200-day ($21.22) averages, or the averages disagree.

    See the chart
  • GekkoIndexsupportive

    68.9, Accumulation

    Reading 68.9 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    13.8% below

    Price is 13.8% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings risksupportive

    Reports in 29 days

    Next report Oct 28, 2026, 29 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +1.1% on average

    From this point in the calendar, the next 20 trading days averaged +1.1% over 5 years, rising in 3 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Antero Midstream stock chart and price history

Antero Midstream closed at $20.70 on Sep 28, 2026, +5.9% over the past year, inside a 52-week range of $16.96 to $23.84.

Close50-day average200-day averageVolume
Antero Midstream share price, past year, with 50-day and 200-day moving averages and volume$18$20$22NovDecJan 2026FebMarAprMayJunJulAugSep20.70

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−8.1%
3 months
−9.2%
6 months
−10.7%
1 year
+5.9%
The full AM chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open AM in Gekko

Follow Antero Midstream through every session

Put AM on a Gekko watchlist and see its GekkoIndex, Gekko Fair Value and smart money signals update on the chart as they change.

Track AM in GekkoFree for 7 days. No credit card required.

About Antero Midstream

Antero Midstream builds and runs infrastructure that supports natural gas production, centering on pipelines, compressor stations, and water systems that serve wells in West Virginia and Ohio. The company is best known for the gathering and processing network that collects and treats gas output from those wells, forming the backbone of its business.

The company organizes its work into two segments. The Gathering and Processing segment moves gas through pipelines and compressor stations from wellheads owned by Antero Resources. The Water Handling segment delivers fresh water to well sites using pumping stations, storage, and blending facilities, supporting the drilling and completion work tied to that same production base.

Antero Midstream was established in 2013 and is headquartered in Denver, Colorado. Its shares are listed on the NYSE under the ticker AM.

Listed
NYSE
Sector
Industrial services
Industry
Oil & gas pipelines
Website
anteromidstream.com

Antero Midstream GekkoIndex: the smart money zone

Antero Midstream’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 68.9, in the Accumulation zone, down 2.8 points over five sessions.

010068.9Accumulation

Down 2.8 points over five sessions, from the Buying zone.

Reading for Sep 28, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying21+3.1%+6.0%+7.9%+13.0%
Accumulation (current zone)164+0.9%+2.0%+4.5%+8.6%
Neutral440+0.2%+0.4%+0.9%+3.4%
Distribution43+0.5%−0.1%+0.3%+0.5%
Selling4Too few readings yet

Average AM share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the AM price, zone by zone.Track AM in Gekko

Is Antero Midstream stock overvalued? Gekko Fair Value

Antero Midstream trades 13.8% below Gekko Fair Value of $24.00, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Antero Midstream shares are worth, recalculated every trading day.

$24.00

Gekko Fair Value, Sep 24, 2026

13.8% Undervalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open AM in Gekko

Antero Midstream insider and Congress trading

No open-market insider purchases were filed for Antero Midstream, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for AM in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every AM insider filing, plotted on the chart in Gekko.Open AM in Gekko

Congress trades last 90 days

No trades in AM were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for AM, plotted on the chart in Gekko.Open AM in Gekko

Buybacks

Antero Midstream has been buying back its own shares.

Bought back, quarter ended Jun 30, 2026
$8.34M
As a share of market cap
0.08%
Trailing four quarters
$116.0M

From company filings.

Antero Midstream earnings: next date and track record

Antero Midstream reports on Oct 28, 2026 (29 days away), and beat the EPS estimate in 2 of its last 8 reports.

2 of 8reports beat the EPS estimate
±2.9%average move across the report
3 of 8reports followed by a gain

Share-price move across each report

−3.4%Oct ’24+4.4%Feb ’25−0.3%Apr ’25+8.1%Jul ’25−0.7%Oct ’25+5.1%Feb ’260.0%Apr ’26−0.9%Jul ’26

Last earnings call, Jul 29, 2026 AI summary

What they said
Management highlighted strong operational and financial performance in Q2 2026 following integration of HG Midstream assets. Gas gathered averaged over 4.1 Bcf/d (≈20% YoY increase). Adjusted EBITDA was a company record $289 million (2% YoY), capital invested was $47 million, and free cash flow after dividends was $80 million—marking the 12th consecutive quarter of free cash flow generation. Management received over $370 million from Veolia, reducing pro forma leverage to 2.8x and enabling calling the 2028 maturity; liquidity remains strong with undrawn credit capacity. Strategic initiatives include the East Side Express intrastate pipeline (1.5–2 Bcf/d capacity), expected to be underwritten by Antero Resources with estimated capex of $200–300 million over 2–3 years, and a broader pipeline/backlog of ~15 West Virginia projects. Management emphasized opportunities from accelerating gas-fired power generation, data center demand, and water reuse/closed-loop systems that should support higher returns and EBITDA growth into 2027. Management portrayed strong execution, financial flexibility, and a growth-oriented posture while noting limited downside from modest planned curtailments.
Guidance
Q3: high single-digit sequential EBITDA growth (driven by increased volumes), on track to achieve full-year EBITDA guidance. East Side Express capex expected $200–300 million over the next 2–3 years (roughly ~$100 million/year). Management also referenced high single-digit EBITDA growth for 2027 tied to water system connections and expanded operations.
Risks flagged
Concentration risk from reliance on Antero Resources (AR) to underwrite projects and supply a substantial portion of volumes; project execution and timing risk for East Side Express and other regional pipeline projects (dependence on FIDs from power/data projects); potential for increased seasonality due to curtailments (though management quantified this as modest); dependence on regional demand growth (power plants, data centers) which requires successful FIDs and construction.
ReportedEPSSurpriseRevenueSurpriseMove
Jul 29, 2026$0.24
est $0.27
−11.1%$327.2M
est $326.4M
+0.3%−0.9%
Apr 29, 2026$0.29
est $0.30
−3.3%$314.2M
est $311.3M
+0.9%0.0%
Feb 11, 2026$0.11
est $0.24
−54.2%$297.0M
est $296.2M
+0.3%+5.1%
Oct 29, 2025$0.24
est $0.25
−4.0%$312.5M
est $292.5M
+6.8%−0.7%
Jul 30, 2025$0.26
est $0.25
+5.3%$323.1M
est $300.1M
+7.7%+8.1%
Apr 30, 2025$0.25
est $0.23
+9.1%$308.8M
est $285.9M
+8.0%−0.3%
Feb 12, 2025$0.26
est $0.27
−3.7%$305.1M
est $273.1M
+11.7%+4.4%
Oct 30, 2024$0.23
est $0.30
−23.3%$287.5M
est $272.5M
+5.5%−3.4%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Antero Midstream stock forecast and analyst price targets

Analysts’ average 12-month price target for Antero Midstream is $24.00, +15.9% from the last close, from 6 firms rating the stock in the last 90 days.

$24.00consensus 12-month target, +15.9% from the last close
Low $22High $26
Buy1
Hold4
Sell1

Each firm’s latest rating in the last 90 days: 6 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 22Capital One FinancialBuy, upgraded$25+20.8%
Sep 21UBSHold, reiterated$22+6.3%
Aug 17UBSHold, maintained$24+15.9%
Aug 12Morgan StanleyHold, reiterated$26+25.6%
Aug 5Goldman SachsHold, maintained$24+15.9%
+4.5%average 20-day move after past Accumulation readings
+1.1%average move over the next 20 trading days in the last 5 years
±2.5%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Antero Midstream seasonality: the next 20 trading days

Over the next 20 trading days from Sep 29, Antero Midstream averaged +1.1% across the last 5 years, rising in 3 of them.

Next 20 trading days, by year

+1.6%2021+11.7%2022+1.3%2023−1.1%2024−9.1%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+2.1%3 of 5
Next 10 trading days+2.9%4 of 5
Next 15 trading days+3.7%4 of 5
Next 20 trading days+1.1%3 of 5
Next 30 trading days+3.8%3 of 5

For scale, AM’s typical 20-trading-day move in either direction is about 4.2%.

Antero Midstream market cap and key statistics

Antero Midstream’s market cap is $9.83B, with a P/E ratio of 25.5 and revenue of $1.31B over the last twelve months.

Valuation

Market cap
$9.83B
P/E ratio
25.5
Forward P/E
12.9
EPS, TTM
$0.83
Gekko Fair Value
$24.00

Trading

Volume
2.32M
Avg volume, 20 days
2.46M
52-week high
$23.84
52-week low
$16.96
Shares outstanding
474.7M

Financials

Revenue, TTM
$1.31B
Profit margin
30.4%
Return on equity
19.8%
Quarterly earnings growth, YoY
−8.0%

Risk and income

Beta
0.63
Typical daily move
±2.5%
Typical 20-day move
±4.2%
Dividend yield
4.28%

Antero Midstream stock news this week

Coverage of Antero Midstream this week reads positive: 2 positive, 1 neutral and 1 negative headlines.

News sentiment positive

Antero Midstream peers

Antero Midstream’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
ENBEnbridge+0.1%Accumulation0.7% below
WMBWilliams Companies−0.8%Accumulation1.4% above
EPDEnterprise Products Partners−0.7%Buying17.3% below
ETEnergy Transfer−0.8%Buying38.0% below
KMIKinder Morgan−0.4%Accumulation16.3% below
TRPTC Energy−0.3%Buying9.1% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Antero Midstream stock FAQ

What is Antero Midstream’s market cap?

Antero Midstream’s market cap is $9.83B at the Sep 28, 2026 close of $20.70, with 474.7M shares outstanding. The shares trade on a P/E ratio of 25.5.

What is the Antero Midstream stock forecast?

The consensus analyst 12-month price target for Antero Midstream is $24.00, +15.9% from the last close. Of the 6 firms that rated the stock in the last 90 days, 1 rate it a buy, 4 a hold and 1 a sell. Gekko doesn’t publish price predictions of its own.

Is Antero Midstream stock overvalued or undervalued?

On Gekko’s estimate Antero Midstream is undervalued: the Sep 28, 2026 close of $20.70 is 13.8% below Gekko Fair Value of $24.00. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Antero Midstream report earnings next?

Antero Midstream is expected to report on Oct 28, 2026 (29 days away). Analysts expect earnings of $0.30 per share on revenue of $344.3M. Antero Midstream beat the earnings estimate in 2 of its last 8 reports, moving 2.9% on average across the report.

What is Antero Midstream’s 52-week high and low?

Antero Midstream’s 52-week high is $23.84 and its 52-week low is $16.96; it closed at $20.70 on Sep 28, 2026, +5.9% over the past year.

Is Antero Midstream stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 4 of the 5 items with data read as supportive (gekkoindex, fair value, earnings risk and seasonality), 1 as mixed (trend). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

See Antero Midstream the way Gekko members do

Every GekkoIndex reading, insider trade, options bet and Congress disclosure plotted on the chart, plus the 5,800-name screener and trade planning tools.

Join 1,380 other traders using Gekko

Start Your FREE 7 Day Trial → Every feature unlocked. No credit card required.