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AM

AM

Energy · Oil & Gas Midstream

$21.25-0.38%
Mkt Cap: $10.09BDY: 4.22%

Performance

AM (AM) Stock Analysis 2026

Rule-based · Updated daily · Not financial advice

AM (AM) operates in the Oil & Gas Midstream space within the Energy sector. With a market cap of $10.1B, it qualifies as a mid-cap company. Growth is moderate and the business remains profitable, offering a balanced risk/reward profile compared to high-multiple peers.

Bull Case6
  • Forward P/E (14.3×) is lower than trailing P/E (24.7×) — analysts expect earnings to improve
  • Revenue growth of 9% YoY shows solid business momentum
  • Exceptional profit margin of 31.9% — the business retains a large share of each dollar earned
  • ROE of 20.4% shows management efficiently converts equity into profit
  • Dividend yield of 4.22% provides consistent income on top of price appreciation
  • Low beta of 0.63 — less volatile than the market, suitable for conservative portfolios
Bear Case3
  • Earnings fell 0% YoY — profitability is under pressure
  • High debt-to-equity of 191.72× increases financial risk, especially with elevated interest rates
  • Current ratio below 1 (0.98×) — short-term liabilities exceed current assets

Verdict

Strong Buy

Multiple fundamental strengths with few red flags. Long-term buyers may find this compelling.

AI Insight

Powered by Claude

AI-generated analysis for informational purposes only. Not financial advice.

Related Articles

Revenue & Results

Dividends

Current DY

4.22%

5Y Avg Annual

$0.8100

Last Payment

$0.2250

Ex-Date

04/29/2026

Annual dividends paid per share

2017
2022
2026
Ex-DatePaymentAmountEst. DY
Latest04/29/2026
05/13/2026$0.22504.24%
01/28/2026
02/11/2026$0.22504.24%
10/22/2025
11/05/2025$0.22504.24%
07/23/2025
08/06/2025$0.22504.24%
04/23/2025
05/07/2025$0.22504.24%
01/29/2025
02/12/2025$0.22504.24%
10/23/2024
11/06/2024$0.22504.24%
07/24/2024
08/07/2024$0.22504.24%

Magic Number

Shares needed to self-fund your next purchase

$21.25

Price

÷

$0.2250

Last div. (quarterly)

=

95

shares

Own 95 AM shares ($2,018.75) and each quarterly dividend pays for 1 new share — the snowball runs on its own.

Investment target

$2,018.75

New shares / year

+4 shares

If You Had Invested…

Hypothetical return based on historical prices

$

* Dividend reinvestment calculated at ex-date price. For informational purposes only.

Earnings

Next Earnings

Jul 29, 2026

43

days

EPS (TTM)

$0.86

P/E (TTM)

24.7

Fwd P/E

14.3

Earnings History

SEC EDGAR · official filings

SEC filings

SEC Filings

Official EDGAR documents

All filings

Key Statistics

Valuation

Market Cap$10.09B
P/E Ratio24.71
Forward P/E14.27
P/B Ratio
PEG Ratio
EPS (TTM)$0.86

Trading

Open
Day High
Day Low
52W High$23.84
52W Low$16.77
Volume
Avg Volume (3M)2,503,109
Beta0.63

Dividends

Dividend Yield4.22%
Annual Rate$0.90
Ex-Div Date2026-04-29
Payout Ratio104.65%

Profitability

Profit Margin31.94%
Operating Margin55.44%
ROE20.41%
ROA7.61%
Revenue Growth8.60%
Earnings Growth-0.30%

Balance Sheet

Total Revenue$1.29B
Total Debt$3.71B
Debt / Equity191.72
Current Ratio0.98
Free Cash Flow$457.07M

Fair Value Estimates

Current price: $21.25

Graham Number

√(22.5 × EPS × Book Value)

$8.88

-58.2% downside

Benjamin Graham's intrinsic value formula. Assumes a fair stock trades at no more than 22.5× the product of EPS and book value per share.

Bazin Ceiling Price

Avg. Annual DPS (5Y) ÷ 6%

$15.28

-28.1% downside

Décio Bazin's dividend-based ceiling. The max price you should pay so that dividends alone deliver at least 6% annual yield on your cost basis.

These are simplified estimates. Not financial advice.

Buy & Hold Checklist

Quality criteria for long-term holding

7/10

70% score

Pays dividends

9Y hist.

9+ years of dividend history

Dividend consistency (5Y+)

9 yrs

Uninterrupted dividend payments for at least 5 years

ROE above 10%

20.4%

Return on equity — measures how efficiently capital is used

Positive profit margin

31.9%

Net profit margin must be positive — company earns more than it spends

Revenue growth (annual)

+8.6%

Annual revenue must be growing compared to the prior year

Earnings growth (annual)

-0.3%

Annual earnings must be growing compared to the prior year

Debt/Equity below 2×

191.72×

Low financial leverage reduces risk of distress

Current ratio above 1

0.98×

Short-term assets must cover short-term liabilities

Daily liquidity above $5M

$53M/day

High trading volume ensures easy entry and exit

Dividend yield above 0%

4.22%

Stock must distribute income to shareholders

Related Assets

Energy

About AM

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The gathering and processing segment includes a network of gathering pipelines and compressor stations that collect and process natural gas and NGLs from Antero Resources' wells in West Virginia and Ohio. The Water Handling segment delivers water from sources, including the Ohio River, local reservoirs, and various regional waterways; other fluid handling services, which include transfer and disposal; uses water handling systems to transport flowback and produced water; and buried pipelines, surface pipelines, and water storage facilities, as well as pumping stations and blending facilities. Antero Midstream Corporation was founded in 2002 and is headquartered in Denver, Colorado.

Sector

Energy

Industry

Oil & Gas Midstream

Location

Denver, United States

Employees

632