Antero MidstreamAM +0.26%75 Debt-to-Equity is 1.92 as of Mar. 2026, which is 35% above its 10-year median of 1.42. GuruFocus rates AM with a GF Score™ of 75/100 and a GF Value™ of $17.32 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 796 Oil & Gas companies, Antero Midstream ranks worse than 87.56% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Antero Midstream's Debt-to-Equity or its related term are showing as below:
AM'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.59 Med: 1.42 Max: 1.92
Current: 1.92
During the past 11 years, the highest Debt-to-Equity Ratio of Antero Midstream was 1.92. The lowest was 0.59. And the median was 1.42.
AM's Debt-to-Equity is ranked worse than 87.56% of 796
companies
in the Oil & Gas industry
Industry Median: 0.46
vs AM: 1.92
Antero Midstream (NYSE:AM) Debt-to-Equity Explanation
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Antero Midstream Debt-to-Equity Related Terms
Antero Midstream Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Antero Midstream's Debt-to-Equity 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.
For the Oil & Gas Midstream subindustry, Antero Midstream's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Antero Midstream Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Antero Midstream's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Antero Midstream's Debt-to-Equity falls into.
* 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 (AM) has a Debt-to-Equity of 1.92 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Antero Midstream and its competitors. This is 35% above median its historical median of 1.42. Over the past decade, Antero Midstream's Debt-to-Equity has ranged from 0.59 to 1.92. According to the industry distribution chart, Antero Midstream ranks #697 out of 796 companies in the Oil & Gas industry, placing it in the top 87.6%.
Is Antero Midstream's Debt-to-Equity too high?
Antero Midstream's current Debt-to-Equity of 1.92 is 35% above median its 10-year median of 1.42. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 1.92. The Oil & Gas industry median Debt-to-Equity is 0.46. Antero Midstream's value of 1.92 is 317.4% above this industry median. Based on the distribution chart, Antero Midstream ranks #697 out of 796 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. 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 Debt-to-Equity compare to VNOM and FRO?
According to the Oil & Gas industry distribution chart, Antero Midstream ranks #697 out of 796 companies for Debt-to-Equity. This places Antero Midstream in the lower half of its industry. The industry median Debt-to-Equity is 0.46. Antero Midstream's value of 1.92 is 317.4% above this benchmark. Historically, Antero Midstream's own Debt-to-Equity has ranged from 0.59 to 1.92 over the past decade. While the company's 10-year median is 1.42 vs. the industry median of 0.46, Antero Midstream has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 796 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Antero Midstream's current Debt-to-Equity of 1.92 is 317.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Antero Midstream and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Antero Midstream's current Debt-to-Equity is 1.92, which is 35% above median its own 10-year median of 1.42. 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 $17.32, compared to a current price of $22.77 — trading 31.5% above its estimated fair value. The current Debt-to-Equity is 1.92, which is 35% above median its 10-year median of 1.42 and 317.4% above the Oil & Gas industry median of 0.46. 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 Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Antero Midstream (AM), the current Debt-to-Equity is 1.92 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 $22.77 is trading 31.5% above its estimated GF Value™ of $17.32.
GuruFocus considers Antero Midstream to be Significantly Overvalued.
Key valuation signals for AM:
Debt-to-Equity: 1.92 (35% above median its 10-year median of 1.42)
GF Value™: $17.32 vs. price of $22.77 (31.5% above fair value)
Industry Position: 317.4% above the Oil & Gas median (#697 of 796)
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 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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