Antero Midstream Competitors

AM Stock

USD 22.89 0.01 0.04%

The company is classified under the Oil, Gas & Consumable Fuels sector. Antero Midstream Partners competes with Hess Midstream, Range Resources, APA, Antero Resources, and Permian Resources and other related companies. This provides context for comparative analysis. Relative analysis here focuses on where Antero Midstream is stronger or weaker than peers.

Antero Midstream and Plains All Correlation Summary

Almost no diversification

AM currently posts a 0.93 correlation with PAA, indicating a Almost no diversification relationship for the active sample. Used correctly, the chart helps investors judge whether adding the second position genuinely diversifies the first.

Moving together with Antero Stock

0.96	LNG	Cheniere Energy Sell-off Trend	Pair Corr
0.93	OKE	ONEOK Inc Sell-off Trend	Pair Corr
0.96	TRP	TC Energy Corp	Pair Corr
0.96	MPLX	MPLX LP	Pair Corr
0.81	CMBT	CMBTECH NV	Pair Corr

Moving against Antero Stock

0.95	INFY	Infosys Ltd ADR Sell-off Trend	Pair Corr
0.87	RXRX	Recursion Pharmaceuticals	Pair Corr
0.85	GRAB	Grab Holdings	Pair Corr
0.39	PLUG	Plug Power Aggressive Push	Pair Corr
0.34	F	Ford Motor	Pair Corr

Specify up to 10 symbols:

While mean reversion in Antero Midstream is a statistically observable tendency, it operates on uncertain timelines. Positions sized too aggressively against the trend can suffer sustained losses before reversion occurs.

Hype

Prediction

Low	Estimated	High
21.66	22.88	24.10

Details

Intrinsic

Valuation

Low	Real	High
20.59	26.31	27.53

Details

Naive

Forecast

Low	Next	High
21.36	22.59	23.81

Details

Analyst

Consensus

Low	Target	High
19.24	21.14	23.47

Details

To derive maximum value from Antero Midstream analysis, compare Antero Midstream's metrics against peers. This cross-sectional approach separates idiosyncratic performance from sector-level trends.

Antero Midstream Competition Correlation Matrix

Competition correlation for Antero Midstream Partners matters because related securities often respond to the same industry, factor, or macro drivers even when their business stories differ. The business currently sits in the Energy sector and the Oil & Gas Midstream industry. In practical terms, lower correlation may offer better diversification while higher correlation may leave the portfolio more exposed to one shared driver.

	HESM	RRC	APA	AR	PR	NFG	OVV	DTM	SOBO	PAA
HESM		0.91	0.93	0.7	0.97	0.96	0.98	0.98	0.97	0.94	HESM
RRC	0.91		0.92	0.9	0.9	0.95	0.91	0.88	0.94	0.82	RRC
APA	0.93	0.92		0.8	0.93	0.95	0.94	0.89	0.92	0.89	APA
AR	0.7	0.9	0.8		0.7	0.8	0.73	0.65	0.76	0.58	AR
PR	0.97	0.9	0.93	0.7		0.96	0.99	0.97	0.95	0.95	PR
NFG	0.96	0.95	0.95	0.8	0.96		0.96	0.94	0.97	0.91	NFG
OVV	0.98	0.91	0.94	0.73	0.99	0.96		0.96	0.95	0.94	OVV
DTM	0.98	0.88	0.89	0.65	0.97	0.94	0.96		0.97	0.94	DTM
SOBO	0.97	0.94	0.92	0.76	0.95	0.97	0.95	0.97		0.9	SOBO
PAA	0.94	0.82	0.89	0.58	0.95	0.91	0.94	0.94	0.9		PAA
	HESM	RRC	APA	AR	PR	NFG	OVV	DTM	SOBO	PAA

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Risk-Adjusted Indicators

Surface-level performance for Antero Stock can mask how the business actually stacks up against its competitive set. Risk-adjusted metrics allow investors to compare Antero Midstream's efficiency and downside exposure against peers in a more meaningful way. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HESM	0.82	0.22	0.24	1.66	0.78	-0.91	2.09	-1.59	4.07
RRC	1.61	0.24	0.12	-0.70	2.03	-1.57	3.21	-2.85	10.25
APA	2.16	0.45	0.21	-2.26	2.05	-2.62	4.53	-3.32	13.20
AR	2.04	0.15	0.07	-0.38	2.58	-2.10	3.88	-4.14	11.78
PR	1.70	0.43	0.25	3.84	1.56	-1.97	3.66	-2.42	7.79
NFG	0.90	0.23	0.23	5.59	0.84	-1.00	2.25	-1.64	5.52
OVV	1.86	0.47	0.23	5.09	1.81	-2.26	4.13	-3.83	8.53
DTM	0.87	0.23	0.28	45.22	0.67	-1.04	1.87	-1.36	5.23
SOBO	1.13	0.34	0.28	-2.16	1.02	-1.34	2.34	-2.32	6.30
PAA	0.86	0.33	0.28	-2.04	0.91	-1.01	2.10	-1.77	5.15

Peer Comparison: Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Antero Midstream Partners financial statement analysis. It represents the amount of money remaining after all of Antero Midstream Partners operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Compare Antero Midstream Partners and related stocks such as Hess Midstream Partners, Range Resources Corp, and APA Corporation Net Income Over Time

Select Fundamental

	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
HESM	-73.9 M	-73.9 M	-73.9 M	-163.8 M	32.9 M	193.4 M	204.9 M	41.2 M	69.1 M	70.1 M	24 M	46.4 M	83.9 M	118.6 M	223.1 M	352.9 M	370.5 M
RRC	100 K	58 M	13 M	115.7 M	634.4 M	-713.7 M	-521.4 M	333.1 M	-1.7 B	-1.7 B	-711.8 M	411.8 M	1.2 B	871.1 M	266.3 M	658 M	690.9 M
APA	7.9 M	4.6 B	2 B	2.2 B	-5.4 B	-23.1 B	-1.4 B	1.3 B	40 M	-3.5 B	-4.8 B	1.1 B	3.7 B	2.9 B	804 M	1.4 B	1.5 B
AR	228.6 M	392.7 M	-285.1 M	-18.9 M	673.6 M	941.4 M	-848.8 M	615.1 M	-397.5 M	-340.1 M	-1.3 B	-186.9 M	1.9 B	198.4 M	57.2 M	634.4 M	666.1 M
PR	32.3 M	32.3 M	32.3 M	3.6 M	17.8 M	-38.3 M	-226.8 M	75.6 M	199.9 M	15.8 M	-682.8 M	138.2 M	515 M	476.3 M	984.7 M	935.2 M	981.9 M
NFG	46.9 M	220.1 M	260 M	299.4 M	-379.4 M	-291 M	283.5 M	391.5 M	304.3 M	-123.8 M	363.6 M	566 M	476.9 M	77.5 M	518.5 M	596.3 M	626.1 M
OVV	818.9 M	5 M	-2.8 B	236 M	3.4 B	-5.2 B	-944 M	827 M	1.1 B	234 M	-6.1 B	1.4 B	3.6 B	2.1 B	1.1 B	1.2 B	962.5 M
DTM	231 M	231 M	231 M	231 M	231 M	231 M	231 M	231 M	231 M	204 M	312 M	307 M	370 M	384 M	354 M	441 M	357.9 M
SOBO	442 M	442 M	442 M	442 M	442 M	442 M	442 M	442 M	442 M	442 M	442 M	442 M	442 M	442 M	316 M	284.4 M	303.2 M
PAA	2.1 M	966 M	1.1 B	1.4 B	1.4 B	903 M	726 M	856 M	2.2 B	2.2 B	-2.6 B	593 M	1 B	1.2 B	772 M	1.4 B	1.5 B

Antero Midstream Competitive Analysis

Antero Midstream competes directly with Hess Midstream, Range Resources, and APA, and the financial data points to clear areas of divergence. On scale alone, Antero Midstream's 11.02 B valuation and 1.26 B revenue define its weight class. The company converts revenue to profit at a 32.81% rate and delivers 20.22% on shareholder equity. On equity returns, Hess Midstream earns 151.59% compared to 20.22% at Antero Midstream. Antero Midstream carries a higher earnings multiple of 15.15x compared to 5.64x for Range Resources. Revenue tilts toward APA at 8.92 B compared with 1.26 B.

Better Than Average

Worse Than Peers

View Performance Chart

	AM	HESM	RRC	APA	AR	PR	NFG	OVV	DTM	SOBO
	0.04 22.89 Antero	0.90 39.34 Hess	0.02 43.58 Range	0.20 34.54 APA	0.02 41.04 Antero	0.05 19.22 Permian	1.75 94.61 National	0.02 54.85 Ovintiv	0.26 137.06 DTM	1.37 33.95 South
Market Volatility (90 Days Market Risk)	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low
Market Performance (90 Days Performance)	Firm	Constructive	Balanced	Constructive	Balanced	Constructive	Constructive	Constructive	Constructive	Constructive
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Small	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Under Valued	Over Valued	Under Valued	Over Valued	Fairly Valued	Fairly Valued	Fairly Valued	Over Valued	Over Valued
Buy or Sell Analysis (Average Analysts Consensus)	Hold	Buy	Buy	Buy	Buy	Strong Buy	Buy	Strong Buy	Buy	Not Available
Trade Advice (90 Days Macroaxis Advice)	Buy	Strong Buy	Hold	Hold	Strong Sell	Strong Buy	Hold	Strong Buy	Sell	Strong Hold
Current Ratio	0.62	0.93	0.41	1.05	0.38	0.72	0.53	0.51	2.86	N/A
Net Asset	5.88 B	4.39 B	7.42 B	19 B	14.29 B	18.24 B	8.72 B	20.39 B	10.35 B	11.33 B
Profit Margin	0.33	0.22	0.22	0.17	0.12	0.18	0.28	0.14	0.35	0.21
EBITDA	937.26 M	1.24 B	1.34 B	5.43 B	1.69 B	3.7 B	1.31 B	3.35 B	1.03 B	1.05 B
Operating Margin	0.59	0.62	0.34	0.31	0.22	0.41	0.43	0.24	0.49	0.45
Current Valuation	13.99 B	8.82 B	11.61 B	16.25 B	16.17 B	19.24 B	11.65 B	21.82 B	17.31 B	12.28 B
Price To Book	5.55	8.88	2.37	2.0	1.67	1.53	2.55	1.4	2.96	2.66
Retained Earnings	14.78 M	179.7 M	-909.2 M	-721 M	1.68 B	1.57 B	2.01 B	2.44 B	827 M	-49 M
Current Asset	75.3 M	77.11 M	439.07 M	3.75 B	1.25 B	N/A	306.07 M	2.7 B	N/A	N/A
Five Year Return	11.18	7.12	0.78	2.81	N/A	N/A	3.4	1.84	N/A	N/A
Beta	0.75	0.57	0.57	0.71	0.5	0.64	0.56	0.7	0.78	N/A
Number Of Employees	632	N/A	564	1.79 K	632	515	2.32 K	1.47 K	588	N/A
Shares Outstanding	473.08 M	129.4 M	235.38 M	353.25 M	308.52 M	812.01 M	95.03 M	283.34 M	101.72 M	208.25 M
Cash Flow From Operations	932.46 M	983.8 M	1.17 B	4.54 B	1.63 B	3.59 B	1.1 B	3.65 B	916 M	503.6 M
Annual Yield	0.0389	0.0761	0.0092	0.029	N/A	0.0315	0.0222	0.0217	0.0256	0.0597
Total Debt	3.22 B	3.77 B	1.27 B	4.81 B	5.14 B	3.7 B	2.83 B	7.53 B	3.4 B	5.72 B
Return On Equity	0.2	1.52	0.16	0.25	0.0904	0.0997	0.21	0.12	0.0942	0.16
Return On Asset	0.0786	0.15	0.0815	0.0896	0.0434	0.0685	0.0739	0.0651	0.0384	0.0426
Number Of Shares Shorted	10.78 M	9.01 M	16.76 M	34.53 M	11.14 M	22.49 M	3.4 M	9.94 M	3.72 M	7.87 M
Book Value Per Share	4.16	4.39	18.34	17.26	24.48	13.79	37.76	44.2	46.58	13.01
Current Liabilities	98.61 M	199.97 M	351.72 M	1.84 B	707.27 M	N/A	303.74 M	2.01 B	N/A	N/A
Total Asset	5.88 B	4.39 B	7.42 B	19 B	14.29 B	18.24 B	8.72 B	20.39 B	10.35 B	11.33 B
Debt To Equity	1.42	6.03	1.11	3.64	0.73	0.43	1.52	0.69	0.76	N/A
Short Ratio	3.19	5.63	5.03	4.78	1.95	1.76	4.54	1.75	4.21	7.9
Target Price	21.14	38.0	42.42	30.07	45.36	21.38	98.33	58.64	140.07	30.92
Last Dividend Paid	0.9	2.97	0.36	1.0	N/A	0.6	2.12	1.2	3.28	N/A
Shares Owned By Institutions	59.84	95.69	98.77	99.37	87.18	87.0	81.14	84.81	89.18	64.95
Market Capitalization	11.02 B	8.12 B	10.33 B	12.18 B	12.66 B	16.4 B	8.99 B	15.68 B	13.99 B	6.98 B
Price To Earning	15.15	21.18	5.64	4.43	5.64	5.65	11.98	3.93	19.85	N/A
Price To Earnings To Growth	1.17	1.57	2.71	3.88	0.3	4.24	1.55	1.85	1.98	N/A
Price To Sales	8.75	5.01	3.46	1.4	2.46	3.24	3.78	1.81	11.26	3.42
Net Income	413.16 M	352.9 M	658.02 M	1.43 B	634.42 M	1.1 B	518.5 M	1.24 B	441 M	300.83 M
Earnings Per Share	0.86	2.86	2.74	3.99	2.03	1.28	7.05	4.78	4.31	1.59
Shares Owned By Insiders	30.83	0.85	1.23	0.43	6.62	0.8	1.29	0.45	0.57	0.12
Revenue	1.26 B	1.62 B	2.99 B	8.92 B	5.28 B	5.07 B	2.28 B	8.74 B	1.24 B	2.12 B
Working Capital	268.38 M	-28.8 M	-216.67 M	-450 M	-671.53 M	-365.69 M	-515.04 M	-1.27 B	22 M	437 M
Cash And Equivalents	180.44 M	2.6 M	304.49 M	268 M	4.54 M	479.34 M	43.17 M	42 M	345 M	N/A
Cash Per Share	N/A	0.06	0.67	0.83	0.01	0.16	4.73	0.07	3.57	N/A
Gross Profit	1.03 B	1.25 B	1.48 B	5.91 B	3.41 B	3.72 B	1.57 B	4.5 B	937 M	1.01 B
Day Typical Price	22.89	39.22	43.58	34.16	41.04	19.22	94.61	54.85	136.52	33.76
Accumulation Distribution	4.0E-4	0.0089	N/A	0.0358	2.0E-4	N/A	N/A	2.0E-4	14276.84	10636.36
Market Facilitation Index	0.01	0.35	N/A	1.24	0.01	N/A	N/A	0.01	0.0	0.0
Daily Balance Of Power	1.0	1.0	0	0.0565	1.0	0	0	1.0	0.1406	0.7931
Period Momentum Indicator	0.01	0.35	-0.01	0.07	0.01	-0.01	-1.69	0.01	0.36	0.46
Rate Of Daily Change	1.0	1.01	1.0	1.0	1.0	1.0	0.98	1.0	1.0	1.01
Day Median Price	22.89	39.17	43.58	33.97	41.04	19.22	94.61	54.85	136.25	33.67
Price Action Indicator	0.01	0.35	-0.01	0.6	0.01	-0.01	-0.84	0.01	0.99	0.51
Coefficient Of Variation	369.17	459.86	816.5	571.39	1487.2	465.47	491.86	500.42	458.77	389.37
Mean Deviation	0.9277	0.82	1.61	2.16	2.04	1.7	0.8962	1.86	0.8716	1.13
Jensen Alpha	0.3264	0.221	0.2361	0.4544	0.1547	0.4282	0.2267	0.4652	0.2262	0.3447
Total Risk Alpha	0.3736	0.2522	0.3145	0.5487	0.2534	0.4923	0.264	0.5412	0.262	0.3952
Sortino Ratio	0.2697	0.2419	0.1181	0.2146	0.0713	0.2492	0.2262	0.2335	0.2803	0.2821
Downside Variance	1.77	1.02	5.3	5.14	7.34	3.29	1.24	4.39	0.8123	1.77
Standard Deviation	1.26	1.05	2.09	2.68	2.62	2.03	1.16	2.37	1.08	1.4
Kurtosis	0.2699	-0.25	0.805	-0.03	0.6016	-0.70	0.1166	-0.08	0.0829	0.0282
Potential Upside	2.51	2.09	3.21	4.53	3.88	3.66	2.25	4.13	1.87	2.34
Treynor Ratio	-1.63	1.66	-0.70	-2.26	-0.38	3.84	5.59	5.09	45.22	-2.16
Maximum Drawdown	5.56	4.07	10.25	13.2	11.78	7.79	5.52	8.53	5.23	6.3
Variance	1.59	1.09	4.35	7.21	6.89	4.1	1.34	5.6	1.17	1.95
Market Risk Adjusted Performance	-1.62	1.67	-0.69	-2.25	-0.37	3.85	5.6	5.1	45.23	-2.15
Risk Adjusted Performance	0.2206	0.1765	0.1043	0.1472	0.0608	0.1781	0.1659	0.1667	0.1772	0.21
Skewness	-0.14	-0.03	-0.29	0.3123	-0.18	-0.07	-0.12	0.0216	0.219	-0.38
Semi Deviation	0.9168	0.7849	2.03	2.05	2.58	1.56	0.8449	1.81	0.672	1.02
Information Ratio	0.284	0.2332	0.1304	0.1812	0.0735	0.223	0.2176	0.2068	0.2332	0.2686
Value At Risk	-1.86	-1.59	-2.85	-3.32	-4.14	-2.42	-1.64	-3.83	-1.36	-2.32
Expected Short fall	-1.06	-0.91	-1.57	-2.62	-2.10	-1.97	-1.00	-2.26	-1.04	-1.34
Downside Deviation	1.33	1.01	2.3	2.27	2.71	1.81	1.11	2.1	0.9013	1.33
Semi Variance	0.8405	0.6161	4.13	4.18	6.68	2.43	0.7139	3.26	0.4516	1.03

Antero Midstream Competition Peer Performance Charts

How to Analyze Antero Midstream Against Peers

Antero Midstream's peer analysis compares Antero Midstream with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:

Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
Check valuation dispersion: Review whether Antero Midstream trades at a premium or discount versus peers and why.
Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
Document the thesis: Record where Antero Midstream leads or lags and what catalysts could close or widen the gap.

Use this as an educational baseline, then validate conclusions with current filings, market conditions, and portfolio objectives.

Peer Comparison Metrics & Methodology

The competitor view for Antero Midstream covers valuation, profitability, leverage, and growth rate side-by-side - the four dimensions that most reliably separate industry leaders from laggards. Relative ranking may help frame which fundamentals deserve deeper follow-up. For peer comparison, Antero Midstream has a market cap of 11.02 B, P/E of 15.15, profit margin of 32.81%.

Data shown for Antero Midstream Partners is aggregated from periodic company reporting and market reference feeds and normalized across reporting formats. Professional analyst research is incorporated when coverage is available. Source publication cadence can introduce delays.

This content is curated and reviewed by:

Ellen Johnson - Member of Macroaxis Editorial Board

Last reviewed on March 7th, 2026

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Price To Sales Ratio	Dividend Yield
Ptb Ratio	Days Sales Outstanding
Book Value Per Share	Free Cash Flow Yield
Invested Capital	Operating Cash Flow Per Share
Average Payables	Stock Based Compensation To Revenue
Capex To Depreciation	Pb Ratio
Ev To Sales	Free Cash Flow Per Share
Roic	Inventory Turnover
Net Income Per Share	Days Of Inventory On Hand
Payables Turnover	Sales General And Administrative To Revenue
Average Inventory	Research And Ddevelopement To Revenue
Capex To Revenue	Cash Per Share
Pocfratio	Interest Coverage
Payout Ratio	Capex To Operating Cash Flow
Pfcf Ratio	Days Payables Outstanding
Net Current Asset Value	Income Quality
Roe	Tangible Asset Value
Ev To Operating Cash Flow	Pe Ratio
Return On Tangible Assets	Ev To Free Cash Flow
Earnings Yield	Intangibles To Total Assets
Net Debt To E B I T D A	Current Ratio
Tangible Book Value Per Share	Receivables Turnover
Graham Number	Shareholders Equity Per Share
Debt To Equity	Capex Per Share
Graham Net Net	Average Receivables
Revenue Per Share	Interest Debt Per Share
Debt To Assets	Enterprise Value Over E B I T D A
Short Term Coverage Ratios	Price Earnings Ratio
Operating Cycle	Price Book Value Ratio
Price Earnings To Growth Ratio	Days Of Payables Outstanding
Dividend Payout Ratio	Price To Operating Cash Flows Ratio
Price To Free Cash Flows Ratio	Pretax Profit Margin
Ebt Per Ebit	Operating Profit Margin
Effective Tax Rate	Company Equity Multiplier
Long Term Debt To Capitalization	Total Debt To Capitalization
Return On Capital Employed	Debt Equity Ratio
Ebit Per Revenue	Quick Ratio
Dividend Paid And Capex Coverage Ratio	Net Income Per E B T
Cash Ratio	Cash Conversion Cycle
Operating Cash Flow Sales Ratio	Days Of Inventory Outstanding
Days Of Sales Outstanding	Free Cash Flow Operating Cash Flow Ratio
Cash Flow Coverage Ratios	Price To Book Ratio
Fixed Asset Turnover	Capital Expenditure Coverage Ratio
Price Cash Flow Ratio	Enterprise Value Multiple
Debt Ratio	Cash Flow To Debt Ratio
Price Sales Ratio	Return On Assets
Asset Turnover	Net Profit Margin
Gross Profit Margin	Price Fair Value
Return On Equity

Antero Midstream Competitors

Antero Midstream and Plains All Correlation Summary

Moving together with Antero Stock

Moving against Antero Stock

Specify up to 10 symbols:

Antero Midstream Competition Correlation Matrix

Risk-Adjusted Indicators

Peer Comparison: Net Income

Antero Midstream Competitive Analysis

Antero Midstream Competition Peer Performance Charts

How to Analyze Antero Midstream Against Peers

Peer Comparison Metrics & Methodology

This content is curated and reviewed by:

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