AM (Antero Midstream) Accumulated Depreciation: $-780 Mil (As of Mar. 2026)

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AM Antero Midstream Corp AM
75 GF Score
Price $22.75
GF Value $17.29
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Antero Midstream Accumulated Depreciation?

Antero Midstream AM -1.13% 75 Accumulated Depreciation is $-780 Mil as of Mar. 2026. GuruFocus rates AM with a GF Score™ of 75/100 and a GF Value™ of $17.29 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.

Antero Midstream's quarterly accumulated depreciation declined from Sep. 2025 ($-771 Mil) to Dec. 2025 ($-745 Mil) but then increased from Dec. 2025 ($-745 Mil) to Mar. 2026 ($-780 Mil).

Antero Midstream's annual accumulated depreciation increased from Dec. 2023 ($-533 Mil) to Dec. 2024 ($-670 Mil) and increased from Dec. 2024 ($-670 Mil) to Dec. 2025 ($-745 Mil).

Antero Midstream Accumulated Depreciation Related Terms

Antero Midstream Accumulated Depreciation Historical Data

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The historical data trend for Antero Midstream's Accumulated Depreciation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Antero Midstream Accumulated Depreciation Chart

Antero Midstream Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accumulated Depreciation
Get a 7-Day Free Trial Premium Member Only Premium Member Only -265.94 -397.27 -532.58 -670.45 -745.36

Antero Midstream Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Accumulated Depreciation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -703.20 -736.57 -771.03 -745.36 -779.91
AM
75GF Score
Antero Midstream Corp AM
Accumulated Depreciation is just one metric. See GF Score™, valuation, warning signs, and more.
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Antero Midstream Accumulated Depreciation Calculation

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

What does a Accumulated Depreciation of $-780 Mil mean?
Antero Midstream (AM) has a Accumulated Depreciation of $-780 Mil as of Mar. 2026. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Antero Midstream and its competitors.
Is Antero Midstream's Accumulated Depreciation too high?
Antero Midstream's current Accumulated Depreciation is $-780 Mil. Overall, Antero Midstream has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Antero Midstream's Accumulated Depreciation compare to VNOM and FRO?
Antero Midstream's Accumulated Depreciation of $-780 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accumulated Depreciation for an Oil & Gas company?
A good Accumulated Depreciation depends on the Oil & Gas industry context. However, Accumulated Depreciation should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accumulated Depreciation mean?
A high Accumulated Depreciation can signal that a stock is expensive relative to its fundamentals. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Antero Midstream and its competitors. Antero Midstream's current Accumulated Depreciation is $-780 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Antero Midstream stock overvalued right now?
Based on GuruFocus' analysis, Antero Midstream (AM) is currently considered Significantly Overvalued. The stock's GF Value™ is $17.29, compared to a current price of $22.75 — trading 31.6% above its estimated fair value. The current Accumulated Depreciation is $-780 Mil. Antero Midstream's overall GF Score™ is 75/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accumulated Depreciation calculated?
Accumulated Depreciation is calculated from a company's financial statements. For Antero Midstream (AM), the current Accumulated Depreciation is $-780 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Antero Midstream (AM) Overvalued in 2026?

Based on GuruFocus' analysis, Antero Midstream stock appears to be overvalued. The current stock price of $22.75 is trading 31.6% above its estimated GF Value™ of $17.29. GuruFocus considers Antero Midstream to be Significantly Overvalued.

Key valuation signals for AM:

  • Accumulated Depreciation: $-780 Mil
  • GF Value™: $17.29 vs. price of $22.75 (31.6% above fair value)
  • GF Score™: 75/100 with 8 warning signs

No single metric tells the full story. See the AM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Antero Midstream Business Description

Industry EnergyOil & Gas
Other Exchanges 5711:Germany
Address 1615 Wynkoop Street, Denver, CO, USA, 80202
Antero Midstream Corp is a midstream company that owns, operates, and develops midstream energy assets that service Antero Resources' production and completion activity in the Appalachian Basin, located in West Virginia and Ohio. The company has two operating segments: the Gathering and Processing segment, which includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources wells in West Virginia and Ohio, and the Water Handling segment, which includes two independent systems that deliver water from sources including the Ohio River, local reservoirs, and several regional waterways. The company derives a majority of its revenue from the Gathering and Processing segment.
75GF Score

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Accumulated Depreciation is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$22.75
Price
$17.29
GF Value