Antero Midstream (FRA:5711) EBIT: €653 Mil (TTM As of Mar. 2026)

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FRA:5711 Antero Midstream Corp FRA:5711
72 GF Score
Price €19.50
GF Value €14.93
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Antero Midstream EBIT?

Antero Midstream FRA:5711 -1.27% 72 EBIT is €653 Mil as of Mar. 2026. GuruFocus rates FRA:5711 with a GF Score™ of 72/100 and a GF Value™ of €14.93 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Antero Midstream's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €182 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €653 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Antero Midstream's annualized ROC % for the quarter that ended in Mar. 2026 was 9.57%. Antero Midstream's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 22.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Antero Midstream's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.20%.


Antero Midstream  (FRA:5711) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Antero Midstream's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=643.396 * ( 1 - 24.14% )/( (4779.343 + 5419.857)/ 2 )
=488.0802056/5099.6
=9.57 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5025.035 - 91.601 - ( 154.091 - max(0, 95.206 - 324.404+154.091))
=4779.343

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Antero Midstream's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=726.372/( ( (2950.204 + max(73.487, 0)) + (3440.808 + max(7.761, 0)) )/ 2 )
=726.372/( ( 3023.691 + 3448.569 )/ 2 )
=726.372/3236.13
=22.45 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(92.03 + 0 + 76.663) - (91.601 + 0 + 3.605)
=73.487

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(129.959 + 0 + 2.426) - (123.211 + 0 + 1.413)
=7.761

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Antero Midstream's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=653.141/12552.755
=5.20 %

* 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 EBIT Related Terms


Antero Midstream EBIT Historical Data

* Premium members only.

The historical data trend for Antero Midstream's EBIT 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 EBIT Chart

Antero Midstream Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 552.26 598.20 657.78 721.64 644.43

Antero Midstream Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 189.85 187.67 177.96 105.92 181.59

FRA:5711 vs VNOM, FRO, DTM: EBIT Comparison

For the Oil & Gas Midstream subindustry, Antero Midstream's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Antero Midstream's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Antero Midstream's EV-to-EBIT falls into.


FRA:5711
72GF Score
Antero Midstream Corp FRA:5711
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Antero Midstream EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €653 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €653 Mil mean?
Antero Midstream (FRA:5711) has a EBIT of €653 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Antero Midstream.
Is Antero Midstream's EBIT too high?
Antero Midstream's current EBIT is €653 Mil. Overall, Antero Midstream has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Antero Midstream's EBIT compare to VNOM and FRO?
Antero Midstream's EBIT of €653 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 EBIT for an Oil & Gas company?
A good EBIT depends on the Oil & Gas industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Antero Midstream. Antero Midstream's current EBIT is €653 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 (FRA:5711) is currently considered Significantly Overvalued. The stock's GF Value™ is €14.93, compared to a current price of €19.50 — trading 30.6% above its estimated fair value. The current EBIT is €653 Mil. Antero Midstream's overall GF Score™ is 72/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Antero Midstream (FRA:5711), the current EBIT is €653 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 (FRA:5711) Overvalued in 2026?

Based on GuruFocus' analysis, Antero Midstream stock appears to be overvalued. The current stock price of €19.50 is trading 30.6% above its estimated GF Value™ of €14.93. GuruFocus considers Antero Midstream to be Significantly Overvalued.

Key valuation signals for FRA:5711:

  • EBIT: €653 Mil
  • GF Value™: €14.93 vs. price of €19.50 (30.6% above fair value)
  • GF Score™: 72/100 with 8 warning signs

No single metric tells the full story. See the FRA:5711 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 AM:USA
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.
72GF Score

Get the complete analysis for FRA:5711

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

€19.50
Price
€14.93
GF Value