AM (Antero Midstream) Financial Strength: 4 (As of Mar. 2026) — Near Median

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AM Antero Midstream Corp AM
75 GF Score
Price $22.85
GF Value $17.28
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Antero Midstream Financial Strength?

Antero Midstream AM +1.51% 75 Financial Strength is 4 as of Mar. 2026, which is at its 10-year median of 4.00. GuruFocus rates AM with a GF Score™ of 75/100 and a GF Value™ of $17.28 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Antero Midstream has the Financial Strength Rank of 4.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Antero Midstream's Interest Coverage for the quarter that ended in Mar. 2026 was 3.44. Antero Midstream's debt to revenue ratio for the quarter that ended in Mar. 2026 was 2.77. As of today, Antero Midstream's Altman Z-Score is 2.05.


Antero Midstream  (NYSE:AM) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Antero Midstream has the Financial Strength Rank of 4.


Antero Midstream Financial Strength Related Terms


AM vs VNOM, FRO, DTM: Financial Strength Comparison

For the Oil & Gas Midstream subindustry, Antero Midstream's Financial Strength, along with its competitors' market caps and Financial Strength 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 Financial Strength vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Antero Midstream's Financial Strength distribution charts can be found below:

* The bar in red indicates where Antero Midstream's Financial Strength falls into.


AM
75GF Score
Antero Midstream Corp AM
Financial Strength is just one metric. See GF Score™, valuation, warning signs, and more.
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Antero Midstream Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Antero Midstream's Interest Expense for the months ended in Mar. 2026 was $-54 Mil. Its Operating Income for the months ended in Mar. 2026 was $186 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $3,699 Mil.

Antero Midstream's Interest Coverage for the quarter that ended in Mar. 2026 is

Interest Coverage=-1*Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*185.953/-54.029
=3.44

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Antero Midstream's Debt to Revenue Ratio for the quarter that ended in Mar. 2026 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2026 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(13.176 + 3699.352) / 1341.684
=2.77

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Antero Midstream has a Z-score of 2.05, indicating it is in Grey Zones. This implies that Antero Midstream is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.

Warning Sign:

Altman Z-score of 2.05 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

* 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 Financial Strength →
What does a Financial Strength of 4 mean?
Antero Midstream (AM) has a Financial Strength of 4 as of Mar. 2026. The financial strength rank measures the strength of a company's balance sheet based on revenue and debt. View historical data on Antero Midstream and its competitors. This is near median its historical median of 4.00. Over the past decade, Antero Midstream's Financial Strength has ranged from 3.00 to 10.00.
Is Antero Midstream's Financial Strength too high?
Antero Midstream's current Financial Strength of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 10.00. 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 Financial Strength compare to VNOM and FRO?
Antero Midstream's Financial Strength of 4 can be compared against companies in the Oil & Gas industry. Historically, Antero Midstream's own Financial Strength has ranged from 3.00 to 10.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Financial Strength for an Oil & Gas company?
A good Financial Strength depends on the Oil & Gas industry context. However, Financial Strength 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 Financial Strength mean?
A high Financial Strength can signal that a stock is expensive relative to its fundamentals. The financial strength rank measures the strength of a company's balance sheet based on revenue and debt. View historical data on Antero Midstream and its competitors. Antero Midstream's current Financial Strength is 4, which is near median its own 10-year median of 4.00. 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 $17.28, compared to a current price of $22.85 — trading 32.2% above its estimated fair value. The current Financial Strength is 4, which is near median its 10-year median of 4.00. 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 Financial Strength calculated?
Financial Strength is calculated from a company's financial statements. For Antero Midstream (AM), the current Financial Strength is 4 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 $22.85 is trading 32.2% above its estimated GF Value™ of $17.28. GuruFocus considers Antero Midstream to be Significantly Overvalued.

Key valuation signals for AM:

  • Financial Strength: 4 (near median its 10-year median of 4.00)
  • GF Value™: $17.28 vs. price of $22.85 (32.2% 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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Financial Strength is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$22.85
Price
$17.28
GF Value