AM Antero Midstream Corporation Common Stock
NYSE · Energy · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 29, 2026
$20.36
· of 52w range
· above low
· to high
$16.9652w low
$23.8452w high
Market Cap (MRQ)
$9.66B
P/E (TTM)
24.2
EPS (TTM)
$0.84
Revenue (TTM)
$1.23B
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52W Range
$17–$24
Analyst Rating
HOLD
Price Target
$24
P/E
24.2
ROE
19.8%
Net Profit Margin
32.4%
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AM Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$20.36
Market Cap (MRQ)
$9.66B
P/E (TTM)
24.2
EPS (TTM)
$0.84
Revenue (TTM)
$1.23B
Div Yield
4.5%
ROE (TTM)
19.8%
Debt/Equity (MRQ)
1.8
52W Range
$17–$24
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue$1.19B2019-12-31 → 2025-12-31
EPS$0.862019-12-31 → 2025-12-31
Free Cash Flow·2019-12-31 → 2024-12-31
Net margin32.4%2020-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | AM | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 24.25Y avg ≈17.0 | ≈17.0 | 28.4 | Fair value | |
| P/S (TTM) | 7.85Y avg ≈6.0 | ≈6.0 | · | · | |
| P/B (MRQ) | 5.05Y avg ≈3.0 | ≈3.0 | · | · | |
| EV / EBITDA | 19.7 | · | · | · | |
| Price / Cash Flow | 10.45Y avg ≈7.8 | ≈7.8 | · | · | |
| EV / Revenue | 10.7 | · | · | · | |
| Price / Tangible Book (MRQ) | 33.05Y avg ≈6.8 | ≈6.8 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | AM | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 52.8%5Y avg ≈58.6% | ≈58.6% | 46.7% | Top tier | |
| EBITDA Margin | 54.2%5Y avg ≈58.6% | ≈58.6% | 56.9% | In line | |
| Pretax Margin (TTM) | 44.5%5Y avg ≈48.7% | ≈48.7% | 37.2% | Top tier | |
| Net Profit Margin (TTM) | 32.4%5Y avg ≈35.8% | ≈35.8% | 29.9% | Top tier | |
| ROA (TTM) | 6.6%5Y avg ≈6.4% | ≈6.4% | 6.1% | Top tier | |
| ROE (TTM) | 19.8%5Y avg ≈17.2% | ≈17.2% | 20.4% | In line | |
| ROIC | 9.1%5Y avg ≈8.3% | ≈8.3% | 16.0% | Below avg |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | AM | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 1.85Y avg ≈1.5 | ≈1.5 | 0.7 | High debt | |
| Current Ratio (MRQ) | 0.85Y avg ≈1.4 | ≈1.4 | 0.9 | Low liquidity | |
| Quick Ratio | 1.65Y avg ≈0.4 | ≈0.4 | 0.8 | Strong liquidity | |
| Long-Term Debt / Equity (MRQ) | 1.85Y avg ≈1.5 | ≈1.5 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | AM | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 7.4%5Y avg ≈5.8% | ≈5.8% | · | · | |
| Revenue CAGR 3Y | 8.9%5Y avg ≈7.0% | ≈7.0% | · | · | |
| Revenue CAGR 5Y | 5.7% | · | · | · | |
| EPS YoY | 3.6%5Y avg ≈5.8% | ≈5.8% | · | · | |
| Net Income YoY | 3.1%5Y avg ≈5.8% | ≈5.8% | · | · | |
| EPS CAGR 3Y | 8.1% | · | · | · | |
| Net Income CAGR 3Y | 8.2% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | AM | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.25Y avg ≈0.2 | ≈0.2 | 0.3 | Weak | |
| Revenue / Employee | ≈$1.9M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield4.5%
Payout Ratio106.3%
Annualized Payout≈$0.90
5Y Div CAGR≈-6.1%
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Jul 29, 2026 | $0.23 | USD | ≈4.2% |
| Apr 29, 2026 | $0.23 | USD | ≈4.1% |
| Jan 28, 2026 | $0.23 | USD | ≈4.8% |
| Oct 22, 2025 | $0.23 | USD | ≈5.0% |
| Jul 23, 2025 | $0.23 | USD | ≈5.3% |
| Apr 23, 2025 | $0.23 | USD | ≈5.4% |
| Jan 29, 2025 | $0.23 | USD | ≈5.7% |
| Oct 23, 2024 | $0.23 | USD | ≈6.1% |
| Jul 24, 2024 | $0.23 | USD | ≈6.2% |
| Apr 23, 2024 | $0.23 | USD | ≈6.5% |
| Jan 23, 2024 | $0.23 | USD | ≈7.5% |
| Oct 24, 2023 | $0.23 | USD | ≈7.4% |
| Jul 25, 2023 | $0.23 | USD | ≈7.7% |
| Apr 25, 2023 | $0.23 | USD | ≈9.1% |
| Jan 24, 2023 | $0.23 | USD | ≈8.2% |
| Oct 25, 2022 | $0.23 | USD | ≈8.8% |
| Jul 26, 2022 | $0.23 | USD | ≈9.2% |
| Apr 26, 2022 | $0.23 | USD | ≈9.2% |
| Jan 25, 2022 | $0.23 | USD | ≈9.4% |
| Oct 26, 2021 | $0.23 | USD | ≈8.9% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-3.7%
Next Report
Oct 27, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 28, 2026 | $0.24 | $0.29 | -18.9% |
| March 31, 2026 | $0.26 | $0.29 | -9.2% | |
| Dec. 31, 2025 | $0.30 | $0.26 | 13.6% | |
| Sept. 30, 2025 | $0.24 | $0.26 | -8.9% | |
| June 30, 2025 | $0.26 | $0.26 | -0.34% | |
| March 31, 2025 | $0.25 | $0.25 | 1.8% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.19B | $1.11B | $1.04B | $920M | $898M | $901M | $793M | $143M | $70M | $17M | |
| SG&A Expense | $88M | $86M | $71M | $62M | $64M | $52M | $118M | $44M | $41M | $814.0K | |
| Operating Expenses | $544M | $447M | $430M | $381M | $343M | $1.02B | $1.19B | $44M | $41M | $814.0K | |
| Operating Income | $645M | $659M | $612M | $539M | $555M | $-118M | $-398M | $-44M | $-41M | $16M | |
| Other Non-op | $-80M | $-111M | $-112M | $-96M | $-107M | $-61M | $-59M | · | · | · | |
| Pretax Income | $564M | $549M | $500M | $444M | $449M | $-178M | $-458M | $99M | $29M | $16M | |
| Income Tax | $151M | $148M | $128M | $117M | $117M | $-56M | $-102M | $32M | $26M | $6M | |
| Net Income | $413M | $401M | $372M | $326M | $332M | $-123M | $-355M | $67M | $5M | $10M | |
| EPS (Basic) | $0.86 | $0.83 | $0.77 | $0.68 | $0.69 | $-0.26 | $-0.80 | $0.33 | · | · | |
| EPS (Diluted) | $0.86 | $0.83 | $0.77 | $0.68 | $0.69 | $-0.26 | $-0.80 | $0.33 | · | · | |
| Shares (Basic) | 477,906,000 | 480,822,000 | 479,378,000 | 478,232,000 | 477,270,000 | 478,278,000 | 442,640,000 | 186,203,000 | 186,176,000 | · | |
| Shares (Diluted) | 482,177,000 | 485,247,000 | 482,372,000 | 480,300,000 | 479,736,000 | 478,278,000 | 442,640,000 | 186,203,000 | 186,176,000 | · | |
| EBITDA | $645M | $659M | $612M | $539M | $555M | $-118M | $-398M | $99M | · | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $180M | · | $66.0K | · | · | $640.0K | $1M | $3M | $6M | $10M | |
| Receivables | · | · | · | $575.0K | $747.0K | $839.0K | $5M | · | · | · | |
| Prepaid Expense | · | · | · | · | · | · | · | $87.0K | · | · | |
| Other Current Assets | $3M | $2M | $2M | $1M | $920.0K | $1M | $2M | $87.0K | · | · | |
| Current Assets | $380M | $118M | $91M | $89M | $84M | $94M | $109M | $3M | $6M | $10M | |
| PP&E (Net) | $3.45B | $3.88B | $3.79B | $3.75B | $3.39B | $3.25B | $3.27B | · | · | · | |
| PP&E (Gross) | $4.20B | $4.55B | $4.33B | $4.15B | $3.66B | $3.41B | $3.36B | · | · | · | |
| Accum. Depreciation | $745M | $670M | $533M | $397M | $266M | $158M | $88M | · | · | · | |
| Goodwill | · | · | · | · | · | · | $575M | · | · | · | |
| Intangibles | $1.07B | $1.14B | $1.22B | $1.29B | $1.36B | $1.43B | $1.50B | · | · | · | |
| Other Non-current Assets | $11M | $13M | $11M | $12M | $13M | $10M | $14M | · | · | · | |
| Total Assets | $5.88B | $5.76B | $5.74B | $5.79B | $5.54B | $5.61B | $6.28B | $48M | $30M | $17M | |
| Accounts Payable | · | · | · | $23M | $24M | $9M | $7M | $28.0K | $236.0K | · | |
| Accrued Liabilities | $92M | $84M | $81M | $73M | $81M | $75M | $104M | $407.0K | $293.0K | $426.0K | |
| Current Liabilities | $111M | $101M | $96M | $102M | $114M | $94M | $242M | $17M | $14M | $7M | |
| Deferred Tax | $563M | $414M | $266M | $131M | $14M | · | · | · | · | · | |
| Other Non-current Liabilities | $12M | $15M | $10M | $4M | $7M | $7M | $5M | · | · | · | |
| Total Liabilities | $3.91B | $3.65B | $3.59B | $3.60B | $3.26B | $3.19B | $3.14B | $17M | $14M | $7M | |
| Long-term Debt | $3.22B | $3.12B | $3.21B | $3.36B | $3.12B | $3.09B | $2.89B | · | · | · | |
| Total Debt | $3.22B | $3.12B | $3.21B | $3.36B | $3.12B | $3.09B | $2.89B | · | · | · | |
| Common Stock | $5M | $5M | $5M | $5M | $5M | $5M | $5M | · | · | · | |
| Paid-in Capital | $1.95B | $2.02B | $2.05B | $2.10B | $2.41B | $2.88B | $3.48B | · | · | · | |
| Retained Earnings | $15M | $91M | $100M | $83M | $-132M | $-464M | $-342M | · | · | · | |
| Stockholders' Equity | $1.97B | $2.12B | $2.15B | $2.19B | $2.29B | $2.42B | $3.14B | $31M | · | · | |
| Liabilities + Equity | $5.88B | $5.76B | $5.74B | $5.79B | $5.54B | $5.61B | $6.28B | $48M | $30M | $17M | |
| Shares Outstanding | 474,060,000 | 479,422,000 | 479,713,000 | 478,497,000 | 477,495,000 | 476,639,000 | 484,042,000 | 0 | · | · |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | · | · | · | · | $109M | $96M | · | · | · | |
| Stock-based Comp | $46M | $44M | $32M | $20M | $14M | $13M | $74M | $35M | $35M | · | |
| Deferred Tax | $149M | $148M | $135M | $117M | $117M | $-171.0K | $-102M | $-1M | · | $-368.0K | |
| Amort. of Intangibles | $71M | $71M | $71M | $71M | $71M | $71M | $57M | · | · | · | |
| Operating Cash Flow | $932M | $844M | $779M | $700M | $710M | $753M | $622M | $84M | $28M | $10M | |
| CapEx | · | $70M | $266.0K | $217M | · | $158M | $267M | · | · | · | |
| Investing Cash Flow | $-169M | $-243M | $-183M | $-494M | $-233M | $-219M | $-526M | · | · | · | |
| Stock Repurchased | $135M | $29M | · | · | · | $25M | $126M | · | · | · | |
| Net Stock Activity | $-135M | $-29M | · | · | · | $-25M | $-126M | · | · | · | |
| Dividends Paid | $439M | $438M | $435M | $433M | $471M | $590M | $492M | $84M | $16M | · | |
| Financing Cash Flow | $-500M | $-601M | $-596M | $-206M | $-477M | $-535M | $-98M | $-87M | $-32M | · | |
| Net Change in Cash | $263M | $-66.0K | $66.0K | · | $-640.0K | $-595.0K | $-2M | $-3M | $-4M | · | |
| Taxes Paid | $3M | $-104.0K | $-10M | · | $16M | $39M | $-16M | $-32M | $19M | $228.0K | |
| Free Cash Flow | · | $774M | $779M | $483M | · | $595M | $355M | · | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 54.2% | 59.6% | 58.7% | 58.6% | 61.8% | -13.1% | -50.3% | 69.3% | · | · | |
| Net Margin | 34.8% | 36.2% | 35.7% | 35.5% | 36.9% | -13.6% | · | · | 3.3% | · | |
| Pretax Margin | 47.5% | 49.6% | 48.0% | 48.2% | 50.0% | -19.8% | -57.7% | 69.2% | 41.0% | · | |
| EBITDA Margin | 54.2% | 59.6% | 58.7% | 58.6% | 61.8% | -13.1% | -50.3% | 69.3% | · | · | |
| ROA | 7.1% | 7.0% | 6.5% | 5.8% | 5.9% | -2.2% | · | · | 9.9% | · | |
| ROE | 20.4% | 18.9% | 17.3% | 14.8% | 14.4% | -5.0% | · | · | · | · | |
| ROIC | 9.1% | 9.2% | 8.5% | 7.1% | 7.6% | -1.5% | -5.1% | · | · | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.4 | 1.2 | 0.9 | 0.9 | 0.7 | 1.0 | 0.4 | 0.2 | 0.4 | · | |
| Quick Ratio | 1.6 | · | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 0.4 | · | |
| Debt / Equity | 1.6 | 1.5 | 1.5 | 1.5 | 1.4 | 1.3 | 0.9 | · | · | · | |
| LT Debt / Equity | 1.6 | 1.5 | 1.5 | 1.5 | 1.4 | 1.3 | 0.9 | · | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 3.7 | 3.0 | · | |
| Receivables Turnover | · | · | · | 1391.8 | 1132.7 | 332.8 | 346.6 | · | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $4.16 | $4.41 | $4.49 | $4.58 | $4.79 | $5.07 | $6494.09 | · | · | · | |
| Revenue / Share | $2.46 | $2.28 | $2.16 | $1.92 | $1.87 | $1.88 | $1.79 | · | · | · | |
| Cash Flow / Share | $1.93 | $1.74 | $1.62 | $1.46 | $1.48 | $1.58 | $1.41 | · | · | · | |
| Cash / Share | $0.38 | · | $0.00 | · | · | $0.00 | $2.55 | · | · | · | |
| EPS (TTM) | $0.86 | $0.83 | $0.77 | $0.68 | $0.69 | $-0.26 | $-0.80 | $0.33 | · | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 7.4% | 6.2% | 13.2% | 2.4% | -0.28% | · | · | · | · | · | |
| Revenue CAGR 3Y | 8.9% | 7.2% | 5.0% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 5.7% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 3.6% | 7.8% | 13.2% | -1.5% | · | · | · | · | · | · | |
| EPS CAGR 3Y | 8.1% | 6.3% | · | · | · | · | · | · | · | · | |
| Net Income YoY | 3.1% | 7.8% | 14.0% | -1.6% | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 8.2% | 6.5% | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | -5.7% | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.19B | $1.11B | $1.04B | $920M | $898M | $901M | $793M | $143M | $70M | · | |
| Net Income TTM | $413M | $401M | $372M | $326M | $332M | $-123M | $-355M | $67M | $5M | · | |
| Market Cap | $8.43B | $7.23B | $6.01B | $5.16B | $4.62B | $3.67B | $4M | · | · | · | |
| Enterprise Value | $11.48B | · | $9.22B | · | · | $6.77B | $2.89B | · | · | · | |
| P/E | 20.7 | 18.2 | 16.3 | 15.9 | 14.0 | -29.7 | -9.5 | 33.9 | · | · | |
| P/S | 7.1 | 6.5 | 5.8 | 5.6 | 5.1 | 4.1 | 0.0 | · | · | · | |
| P/B | 4.3 | 3.4 | 2.8 | 2.4 | 2.0 | 1.5 | 0.0 | · | · | · | |
| P / Tangible Book | 9.4 | 7.5 | 6.4 | 5.7 | 5.0 | 3.7 | · | · | · | · | |
| P / Cash Flow | 9.0 | 8.6 | 7.7 | 7.4 | 6.5 | 4.9 | 0.0 | · | · | · | |
| P / FCF | · | 9.3 | 7.7 | 10.7 | · | 6.2 | 0.0 | · | · | · | |
| EV / EBITDA | 17.8 | · | 15.1 | · | · | -57.5 | -7.3 | · | · | · | |
| EV / FCF | · | · | 11.8 | · | · | 11.4 | 8.2 | · | · | · | |
| EV / Revenue | 9.7 | · | 8.9 | · | · | 7.5 | 3.7 | · | · | · | |
| Dividend Yield | 5.2% | 6.0% | 7.2% | 8.4% | 10.2% | 16.1% | 13394.6% | · | · | · | |
| Earnings Yield | 4.8% | 5.5% | 6.2% | 6.3% | 7.1% | -3.4% | -10.5% | 2.9% | · | · | |
| Payout Ratio | 106.3% | 109.2% | 117.0% | 132.7% | 142.1% | -481.2% | · | · | 688.6% | · | |
| Annual Payout | $439M | $438M | $435M | $433M | $471M | $590M | $492M | $84M | $16M | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $327M | $314M | $297M | $295M | $305M | $291M | $287M | $270M | $270M | $279M | $260M | $264M | $258M | $259M | $242M | $231M | |
| SG&A Expense | $23M | $22M | $21M | $21M | $22M | $23M | $21M | $23M | $21M | $21M | $18M | $18M | $18M | $17M | $15M | $14M | |
| Operating Expenses | $145M | $126M | $196M | $114M | $119M | $114M | $110M | $107M | $117M | $113M | $104M | $102M | $113M | $111M | $97M | $93M | |
| Operating Income | $182M | $189M | $101M | $180M | $186M | $177M | $178M | $162M | $153M | $166M | $156M | $162M | $146M | $148M | $144M | $138M | |
| Other Non-op | $-27M | $-33M | $-23M | $-19M | $-18M | $-20M | $-22M | $-24M | $-38M | $-26M | $-24M | $-28M | $-29M | $-30M | $-29M | $-23M | |
| Pretax Income | $154M | $156M | $77M | $162M | $168M | $157M | $156M | $138M | $114M | $140M | $131M | $134M | $116M | $118M | $115M | $114M | |
| Income Tax | $41M | $38M | $25M | $46M | $44M | $36M | $45M | $38M | $28M | $36M | $31M | $37M | $29M | $32M | $33M | $30M | |
| Net Income | $114M | $118M | $52M | $116M | $125M | $121M | $111M | $100M | $86M | $104M | $100M | $98M | $87M | $87M | $83M | $84M | |
| EPS (Basic) | $0.24 | $0.25 | $0.11 | $0.24 | $0.26 | $0.25 | $0.22 | $0.21 | $0.18 | $0.22 | $0.21 | $0.20 | $0.18 | $0.18 | $0.16 | $0.18 | |
| EPS (Diluted) | $0.24 | $0.25 | $0.11 | $0.24 | $0.26 | $0.25 | $0.23 | $0.21 | $0.18 | $0.21 | $0.21 | $0.20 | $0.18 | $0.18 | $0.17 | $0.17 | |
| Shares (Basic) | 474,909,000 | 473,866,000 | · | 478,020,000 | 479,083,000 | 479,064,000 | · | 481,288,000 | 481,103,000 | 479,897,000 | · | 479,676,000 | 479,502,000 | 478,612,000 | · | 478,460,000 | |
| Shares (Diluted) | 477,113,000 | 477,963,000 | · | 481,814,000 | 482,451,000 | 484,378,000 | · | 485,532,000 | 484,778,000 | 484,303,000 | · | 482,840,000 | 481,512,000 | 481,459,000 | · | 480,318,000 | |
| EBITDA | $182M | $189M | · | $180M | $186M | $177M | · | $162M | $153M | $166M | · | $162M | $146M | $148M | · | $138M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | $180M | · | · | · | · | · | · | $26M | · | · | · | · | · | · | |
| Receivables | · | · | · | · | · | · | · | · | · | · | · | · | · | $371.0K | · | $2M | |
| Other Current Assets | $2M | $3M | $3M | $2M | $2M | $3M | $2M | $1M | $963.0K | $2M | · | $811.0K | $795.0K | $2M | · | $556.0K | |
| Current Assets | $141M | $155M | $380M | $113M | $114M | $128M | $118M | $100M | $104M | $134M | · | $96M | $94M | $98M | · | $81M | |
| PP&E (Net) | $3.94B | $3.93B | $3.45B | $3.91B | $3.89B | $3.88B | $3.88B | $3.89B | $3.87B | $3.79B | · | $3.78B | $3.76B | $3.75B | · | $3.51B | |
| PP&E (Gross) | $4.76B | $4.71B | $4.20B | $4.68B | $4.63B | $4.59B | $4.55B | $4.53B | $4.47B | $4.36B | · | $4.28B | $4.22B | $4.18B | · | $3.87B | |
| Accum. Depreciation | $817M | $780M | $745M | $771M | $737M | $703M | $670M | $638M | $606M | $570M | · | $498M | $467M | $432M | · | $364M | |
| Intangibles | $1.65B | $1.68B | $1.07B | $1.09B | $1.11B | $1.13B | $1.14B | $1.16B | $1.18B | $1.20B | · | $1.23B | $1.25B | $1.27B | · | $1.30B | |
| Other Non-current Assets | $11M | $10M | $11M | $12M | $12M | $13M | $13M | $14M | $10M | $10M | · | $12M | $12M | $11M | · | $12M | |
| Total Assets | $6.36B | $6.41B | $5.88B | $5.72B | $5.73B | $5.75B | $5.76B | $5.78B | $5.77B | $5.75B | · | $5.76B | $5.75B | $5.77B | · | $5.56B | |
| Accounts Payable | · | · | · | · | · | · | · | · | · | · | · | · | · | $21M | · | $24M | |
| Accrued Liabilities | $135M | $118M | $92M | $67M | $90M | $67M | $84M | $76M | $96M | $82M | · | $82M | $75M | $69M | · | $73M | |
| Current Liabilities | $167M | $157M | $111M | $90M | $111M | $90M | $101M | $92M | $116M | $107M | · | $111M | $97M | $96M | · | $106M | |
| Deferred Tax | $642M | $601M | $563M | $538M | $490M | $448M | $414M | $369M | $331M | $302M | · | $229M | $192M | $163M | · | $99M | |
| Other Non-current Liabilities | $13M | $12M | $12M | $15M | $15M | $14M | $15M | $15M | $15M | $14M | · | $10M | $5M | $5M | · | $4M | |
| Total Liabilities | $4.42B | $4.47B | $3.91B | $3.65B | $3.64B | $3.66B | $3.65B | $3.65B | $3.65B | $3.60B | · | $3.61B | $3.60B | $3.60B | · | $3.35B | |
| Long-term Debt | $3.57B | $3.67B | $3.22B | $3.01B | $3.02B | $3.11B | $3.12B | $3.17B | $3.19B | $3.17B | · | $3.26B | $3.31B | $3.33B | · | $3.14B | |
| Total Debt | $3.57B | $3.67B | · | $3.01B | $3.02B | $3.11B | · | $3.17B | $3.19B | $3.17B | · | $3.26B | $3.31B | $3.33B | · | $3.14B | |
| Common Stock | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | · | $5M | $5M | $5M | · | $5M | |
| Paid-in Capital | $1.83B | $1.83B | $1.95B | $1.97B | $1.97B | $1.98B | $2.02B | $2.03B | $2.04B | $2.04B | · | $2.05B | $2.06B | $2.08B | · | $2.12B | |
| Retained Earnings | $107M | $104M | $15M | $88M | $112M | $99M | $91M | $100M | $86M | $104M | · | $98M | $87M | $87M | · | $84M | |
| Stockholders' Equity | $1.95B | $1.94B | $1.97B | $2.07B | $2.09B | $2.09B | $2.12B | $2.13B | $2.13B | $2.15B | $2.15B | $2.15B | $2.15B | $2.18B | $2.19B | $2.21B | |
| Liabilities + Equity | $6.36B | $6.41B | $5.88B | $5.72B | $5.73B | $5.75B | $5.76B | $5.78B | $5.77B | $5.75B | · | $5.76B | $5.75B | $5.77B | · | $5.56B | |
| Shares Outstanding | 474,657,000 | 475,028,000 | 474,060,000 | 476,712,000 | 479,011,000 | 479,263,000 | 479,422,000 | 481,295,000 | 481,243,000 | 480,328,000 | 479,713,000 | 479,678,000 | 479,656,000 | 478,645,000 | 478,497,000 | 478,462,000 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $11M | $11M | $11M | $11M | $11M | $12M | $11M | $12M | $12M | $9M | $8M | $8M | $8M | $6M | $6M | $6M | |
| Deferred Tax | $41M | $38M | $25M | $48M | $42M | $34M | $45M | $38M | $28M | $36M | $37M | $37M | $29M | $32M | $33M | $30M | |
| Amort. of Intangibles | $23M | $21M | $18M | $18M | $18M | $18M | $18M | $18M | $18M | $18M | $18M | $18M | $18M | $18M | $18M | $18M | |
| Operating Cash Flow | $254M | $239M | $256M | $213M | $265M | $199M | $233M | $185M | $216M | $211M | $208M | $202M | $186M | $183M | $169M | $177M | |
| CapEx | · | · | · | · | · | · | $0 | $-642.0K | $69M | $2M | $0 | $0 | $3.0K | $263.0K | · | · | |
| Investing Cash Flow | $-35M | $-781M | $-50M | $-47M | $-40M | $-32M | $-40M | $-55M | $-111M | $-37M | $-54M | $-45M | $-42M | $-42M | $-278M | $-53M | |
| Stock Repurchased | $8M | $18M | $48M | $41M | $17M | $29M | · | · | · | · | · | · | · | · | · | · | |
| Net Stock Activity | · | $-18M | · | · | · | $-29M | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid | $110M | $111M | $107M | $108M | $112M | $113M | $108M | $109M | $113M | $108M | $108M | $108M | $111M | $108M | $108M | $108M | |
| Financing Cash Flow | $-219M | $279M | $57M | $-166M | $-225M | $-167M | $-193M | $-130M | $-131M | $-147M | $-155M | $-157M | $-144M | $-141M | $109M | $-124M | |
| Net Change in Cash | $0 | $-263M | · | · | · | · | $0 | $0 | $-26M | $26M | · | · | · | · | · | · | |
| Taxes Paid | · | · | $5M | $-5M | · | · | $-208.0K | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | · | · | · | · | · | · | · | · | · | $209M | · | · | · | $182M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 55.6% | 60.0% | · | 61.2% | 61.0% | 60.9% | · | 60.2% | 56.6% | 59.6% | · | 61.5% | 56.3% | 57.2% | · | 59.6% | |
| Net Margin | 34.7% | 37.6% | · | 39.3% | 40.8% | 41.5% | · | 37.0% | 31.9% | 37.2% | · | 37.1% | 33.7% | 33.3% | · | 36.4% | |
| Pretax Margin | 47.2% | 49.6% | · | 54.8% | 55.2% | 53.9% | · | 51.1% | 42.4% | 50.3% | · | 51.0% | 45.0% | 45.5% | · | 49.5% | |
| EBITDA Margin | 55.6% | 60.0% | · | 61.2% | 61.0% | 60.9% | · | 60.2% | 56.6% | 59.6% | · | 61.5% | 56.3% | 57.2% | · | 59.6% | |
| ROA | 1.9% | 1.9% | · | 2.0% | 2.2% | 2.1% | · | 1.7% | 1.5% | 1.8% | · | 1.7% | 1.5% | 1.5% | · | 1.5% | |
| ROE | 5.6% | 5.9% | · | 5.5% | 5.9% | 5.7% | · | 4.7% | 4.0% | 4.8% | · | 4.5% | 4.0% | 3.9% | · | 3.7% | |
| ROIC | 2.4% | 2.5% | · | 2.5% | 2.7% | 2.6% | · | 2.2% | 2.2% | 2.3% | · | 2.2% | 2.0% | 2.0% | · | 1.9% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.8 | 1.0 | · | 1.3 | 1.0 | 1.4 | · | 1.1 | 0.9 | 1.2 | · | 0.9 | 1.0 | 1.0 | · | 0.8 | |
| Quick Ratio | · | · | · | · | · | · | · | · | · | 0.2 | · | · | · | 0.0 | · | 0.0 | |
| Debt / Equity | 1.8 | 1.9 | · | 1.5 | 1.4 | 1.5 | · | 1.5 | 1.5 | 1.5 | · | 1.5 | 1.5 | 1.5 | · | 1.4 | |
| LT Debt / Equity | 1.8 | 1.9 | · | 1.5 | 1.4 | 1.5 | · | 1.5 | 1.5 | 1.5 | · | 1.5 | 1.5 | 1.5 | · | 1.4 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | |
| Receivables Turnover | · | · | · | · | · | · | · | · | · | · | · | · | · | 742.4 | · | 162.4 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $4.10 | $4.08 | · | $4.33 | $4.36 | $4.36 | · | $4.43 | $4.42 | $4.48 | · | $4.48 | $4.49 | $4.55 | · | $4.62 | |
| Revenue / Share | $0.69 | $0.66 | · | $0.61 | $0.63 | $0.60 | · | $0.56 | $0.56 | $0.58 | · | $0.55 | $0.54 | $0.54 | · | $0.48 | |
| Cash Flow / Share | · | $0.50 | · | · | · | $0.41 | · | · | · | $0.43 | · | · | · | $0.38 | · | · | |
| Cash / Share | · | · | · | · | · | · | · | · | · | $0.05 | · | · | · | · | · | · | |
| EPS (TTM) | $0.84 | $0.86 | · | $0.98 | $0.95 | $0.87 | · | $0.81 | $0.80 | $0.80 | · | $0.73 | $0.70 | $0.69 | · | $0.67 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.23B | $1.21B | · | $1.18B | $1.15B | $1.12B | · | $1.08B | $1.07B | $1.06B | · | $1.02B | $990M | $961M | · | $895M | |
| Net Income TTM | $400M | $411M | · | $472M | $456M | $418M | · | $390M | $388M | $389M | · | $354M | $340M | $333M | · | $322M | |
| Market Cap | $10.80B | $10.83B | · | $9.27B | $9.08B | $8.63B | · | $7.24B | $7.09B | $6.75B | · | $5.75B | $5.56B | $5.02B | · | $4.39B | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | $9.90B | · | · | · | · | · | · | |
| P/E | 27.1 | 26.5 | · | 19.8 | 19.9 | 20.7 | · | 18.6 | 18.4 | 17.6 | · | 16.4 | 16.6 | 15.2 | · | 13.7 | |
| P/S | 8.8 | 8.9 | · | 7.9 | 7.9 | 7.7 | · | 6.7 | 6.6 | 6.4 | · | 5.6 | 5.6 | 5.2 | · | 4.9 | |
| P/B | 5.6 | 5.6 | · | 4.5 | 4.3 | 4.1 | · | 3.4 | 3.3 | 3.1 | · | 2.7 | 2.6 | 2.3 | · | 2.0 | |
| P / Tangible Book | 36.8 | 42.6 | · | 9.5 | 9.3 | 9.0 | · | 7.5 | 7.5 | 7.1 | · | 6.3 | 6.2 | 5.5 | · | 4.8 | |
| P / Cash Flow | · | 45.4 | · | · | · | 43.4 | · | · | · | 32.1 | · | · | · | 27.5 | · | · | |
| EV / Revenue | · | · | · | · | · | · | · | · | · | 9.3 | · | · | · | · | · | · | |
| Dividend Yield | 4.0% | 4.0% | · | 4.8% | 4.9% | 5.1% | · | 6.0% | 6.2% | 6.4% | · | 7.6% | 7.8% | 8.6% | · | 9.8% | |
| Earnings Yield | 3.7% | 3.8% | · | 5.0% | 5.0% | 4.8% | · | 5.4% | 5.4% | 5.7% | · | 6.1% | 6.0% | 6.6% | · | 7.3% | |
| Payout Ratio | · | 93.9% | · | · | · | 93.3% | · | · | · | 103.8% | · | · | · | 125.3% | · | · | |
| Annual Payout | $436M | $437M | · | $440M | $441M | $442M | · | $437M | $437M | $434M | · | $435M | $434M | $433M | · | $433M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $1.19B | $1.11B | $1.04B | $920M | $898M |
| Operating Margin % | 54.2% | 59.6% | 58.7% | 58.6% | 61.8% |
| Net Income | $413M | $401M | $372M | $326M | $332M |
| Diluted EPS | $0.86 | $0.83 | $0.77 | $0.68 | $0.69 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 1.6 | 1.5 | 1.5 | 1.5 | 1.4 |
| Current Ratio | 3.4 | 1.2 | 0.9 | 0.9 | 0.7 |
| Quick Ratio | 1.6 | · | 0.0 | 0.0 | 0.0 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | · | $774M | $779M | $483M | · |
Institutional owners (13F) 588 filers · $7.1B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
588
Value held
$7.1B
New positions
66
Exited positions
41
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 66 (-33 vs prior Q) | 41 (-4 vs prior Q) | 195 (0 vs prior Q) | 177 (+27 vs prior Q) | +30.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $869,045,046 | 38,199,783 | 12.18% | Shares |
| VANGUARD GROUP INC | $641,790,439 | 36,075,910 | 9.00% | Shares |
| Invesco Ltd. | $471,993,818 | 20,746,981 | 6.62% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $413,895,209 | 18,193,196 | 5.80% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $340,312,154 | 14,958,776 | 4.77% | Shares |
| STATE STREET CORP | $262,956,922 | 11,558,546 | 3.69% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $235,698,306 | 10,358,867 | 3.30% | Shares |
| TORTOISE CAPITAL ADVISORS, L.L.C. | $231,353,600 | 10,169,389 | 3.24% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $204,981,810 | 9,010,119 | 2.87% | Shares |
| NEUBERGER BERMAN GROUP LLC | $169,147,490 | 7,434,848 | 2.37% | Shares |
| Bank of New York Mellon Corp | $157,371,178 | 6,917,415 | 2.21% | Shares |
| MORGAN STANLEY | $152,476,100 | 6,702,243 | 2.14% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $88,901,176 | 3,907,744 | 1.25% | Shares |
| NORTHERN TRUST CORP | $85,138,077 | 3,742,333 | 1.19% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $83,737,677 | 3,680,777 | 1.17% | Shares |
| Clearbridge Investments, LLC | $83,699,593 | 3,679,103 | 1.17% | Shares |
| ALLIANCEBERNSTEIN L.P. | $82,665,892 | 3,625,697 | 1.16% | Shares |
| Boston Trust Walden Corp | $78,515,210 | 3,451,218 | 1.10% | Shares |
| NORGES BANK | $77,657,739 | 3,413,527 | 1.09% | Shares |
| Qube Research & Technologies Ltd | $72,567,882 | 3,189,797 | 1.02% | Shares |
| Covalis Capital LLP | $68,966,966 | 3,031,515 | 0.97% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $65,106,155 | 2,861,809 | 0.91% | Shares |
| Gotham Asset Management, LLC | $60,159,440 | 2,644,371 | 0.84% | Shares |
| Clark Capital Management Group, Inc. | $59,522,577 | 2,616,377 | 0.83% | Shares |
| Blackstone Inc. | $59,442,906 | 2,612,875 | 0.83% | Shares |
| WESTWOOD HOLDINGS GROUP INC | $58,475,690 | 2,570,360 | 0.82% | Shares |
| GOLDMAN SACHS GROUP INC | $55,668,205 | 2,446,954 | 0.78% | Shares |
| Orbis Allan Gray Ltd | $55,064,851 | 2,420,433 | 0.77% | Shares |
| KAYNE ANDERSON CAPITAL ADVISORS LP | $49,882,993 | 2,192,659 | 0.70% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $47,823,412 | 2,102,128 | 0.67% | Shares |
| UBS Group AG | $47,589,929 | 2,091,865 | 0.67% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $46,006,961 | 2,022,284 | 0.65% | Shares |
| Brookfield Corp /ON/ | $44,032,625 | 1,935,500 | 0.62% | Shares |
| FMR LLC | $42,657,917 | 1,875,073 | 0.60% | Shares |
| Brave Warrior Advisors, LLC | $41,487,605 | 1,823,631 | 0.58% | Shares |
| FIRST TRUST ADVISORS LP | $41,133,152 | 1,808,051 | 0.58% | Shares |
| EAGLE GLOBAL ADVISORS LLC | $41,007,853 | 1,802,543 | 0.57% | Shares |
| AMERICAN CENTURY COMPANIES INC | $40,899,631 | 1,797,786 | 0.57% | Shares |
| JPMORGAN CHASE & CO | $34,917,134 | 1,516,739 | 0.49% | Shares |
| BARCLAYS PLC | $34,712,474 | 1,525,823 | 0.49% | Shares |
| RR Advisors, LLC | $34,434,628 | 1,513,610 | 0.48% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $27,941,275 | 1,228,188 | 0.39% | Shares |
| FRANKLIN RESOURCES INC | $26,747,040 | 1,175,694 | 0.38% | Shares |
| MILLER HOWARD INVESTMENTS INC /NY | $25,123,666 | 1,104,337 | 0.35% | Shares |
| NEOS Investment Management LLC | $24,673,376 | 1,084,544 | 0.35% | Shares |
| JANE STREET GROUP, LLC | $23,985,325 | 1,054,300 | 0.34% | Call option |
| JENNISON ASSOCIATES LLC | $23,898,170 | 1,050,469 | 0.34% | Shares |
| ALPS ADVISORS INC | $23,085,881 | 1,014,764 | 0.32% | Shares |
| EXCHANGE TRADED CONCEPTS, LLC | $22,105,675 | 971,678 | 0.31% | Shares |
| Amundi | $21,388,868 | 940,170 | 0.30% | Shares |
Activists & 5%+ owners 8 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Paul M. Rady, Glen C. Warren, Jr., Antero Subsidiary Holdings LLC ×5 filings | May 6, 2020 | · | Initial filing | · | SEC |
| Antero Resources Corporation ×6 filings | May 6, 2020 | · | Initial filing | · | SEC |
| Antero Subsidiary Holdings LLC, Paul M. Rady, Glen C. Warren, Jr. ×4 filings | Dec. 16, 2019 | · | Initial filing | · | SEC |
| Yorktown Energy Partners VII, L.P., Yorktown VII Company LP, Yorktown VII Associates LLC, Yorktown Energy Partners VIII, L.P., Yorktown VIII Company LP, Yorktown VIII Associates LLC | Nov. 13, 2019 | · | Initial filing | · | SEC |
| Warburg Pincus Private Equity X O&G, L.P., Warburg Pincus X, L.P., Warburg Pincus X GP L.P., WPP GP LLC, Warburg Pincus Partners, L.P., Warburg Pincus Partners GP LLC, Warburg Pincus & Co., Warburg Pincus LLC, Charles R. Kaye, Joseph P. Landy | Nov. 13, 2019 | · | Initial filing | · | SEC |
| Yorktown Energy Partners V, L.P., Yorktown V Company LLC, Yorktown Energy Partners VI, L.P., Yorktown VI Company LP, Yorktown VI Associates LLC, Yorktown Energy Partners VII, L.P., Yorktown VII Company LP, Yorktown VII Associates LLC, Yorktown Energy Partners VIII, L.P., Yorktown VIII Company LP, Yorktown VIII Associates LLC ×3 filings | Sept. 9, 2019 | · | Initial filing | · | SEC |
| Warburg Pincus Private Equity VIII, L.P., Warburg Pincus Private Equity X O&G, L.P., Warburg Pincus X, L.P., Warburg Pincus X GP L.P., WPP GP LLC, Warburg Pincus Partners, L.P., Warburg Pincus Partners GP LLC, Warburg Pincus & Co., Warburg Pincus LLC, Charles R. Kaye, Joseph P. Landy ×6 filings | Sept. 6, 2019 | · | Initial filing | · | SEC |
| Glen C. Warren, Jr. ×2 filings | Oct. 11, 2018 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 32 insiders · 10 officers · 23 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Michael N. Kennedy | Chief Executive Officer and President | May 4, 2026 S | 1,500,594 | 0 | 1 | $-2,192,000 |
| Paul M Rady | Chief Executive Officer | April 15, 2025 F | 3,074,200 | 0 | 0 | $0 |
| Justin J. Agnew | Chief Financial Officer and Vice President - Finance & Investor Relations | March 7, 2026 F | 208,895 | 0 | 0 | $0 |
| Glen C Warren Jr | President and Secretary | April 15, 2021 F | 6,191,816 | 0 | 0 | $0 |
| Yvette K Schultz | Senior Vice President - Legal, Chief Compliance Officer, General Counsel and Corporate Secretary | May 4, 2026 S | 580,565 | 0 | 2 | $-2,087,241 |
| Brendan E. Krueger | Senior Vice President - Finance and Treasurer | March 7, 2026 F | 674,952 | 0 | 0 | $0 |
| Patrick W Ash | Senior Vice President - Reserves, Planning and Midstream | April 15, 2022 A | 453,656 | 0 | 0 | $0 |
| Alvyn A. Schopp | Chief Administrative Officer & Regional Senior Vice President | July 20, 2021 F | 1,947,052 | 0 | 0 | $0 |
| Phil K. Yoo | Vice President - Accounting, Chief Accounting Officer & Corporate Controller | April 15, 2020 F | 130,465 | 0 | 0 | $0 |
| Kevin J. Kilstrom | Sr Vice President - Production | April 15, 2019 A | 1,020,052 | 0 | 0 | $0 |
| Jeffrey S. Munoz | Director | July 10, 2026 A | 13,404 | 0 | 0 | $0 |
| Nancy Chisholm | Director | July 10, 2026 A | 34,208 | 0 | 0 | $0 |
| Howard W Keenan JR | Director | July 10, 2026 A | 157,691 | 0 | 0 | $0 |
| Janine J Mcardle | Director | July 10, 2026 A | 82,424 | 0 | 0 | $0 |
| John C Mollenkopf | Director | July 10, 2026 A | 106,566 | 0 | 0 | $0 |
| David H Keyte | Director | July 10, 2026 A | 117,903 | 0 | 0 | $0 |
| Peter A Dea | Director | July 10, 2026 A | 68,808 | 0 | 0 | $0 |
| Rose M Robeson | Director | April 8, 2022 A | 61,571 | 0 | 0 | $0 |
| Yorktown VIII Associates LLC | Director | Nov. 12, 2019 S | 3,445,636 | 0 | 0 | $0 |
| Yorktown Energy Partners VIII, L.P. | Director | Nov. 12, 2019 S | 3,445,636 | 0 | 0 | $0 |
| Yorktown VII Associates LLC | Director | Nov. 12, 2019 S | 2,232,927 | 0 | 0 | $0 |
| Yorktown Energy Partners VII, L.P. | Director | Nov. 12, 2019 S | 2,232,927 | 0 | 0 | $0 |
| Peter Kagan | Director | Nov. 12, 2019 S | 0 | 0 | 0 | $0 |
| Yorktown VI Associates LLC | Director | Sept. 5, 2019 S | 0 | 0 | 0 | $0 |
| Yorktown Energy Partners VI LP | Director | Sept. 5, 2019 S | 0 | 0 | 0 | $0 |
| Yorktown V CO LLC | Director | Sept. 5, 2019 S | 0 | 0 | 0 | $0 |
| YORKTOWN ENERGY PARTNERS V LP | Director | Sept. 5, 2019 S | 0 | 0 | 0 | $0 |
| David A Peters | Director | July 10, 2019 A | 40,476 | 0 | 0 | $0 |
| James R. Levy | Director | March 12, 2019 A | 55,109,589 | 0 | 0 | $0 |
| Antero Resources Investment LLC | 10% owner | May 12, 2017 J | 5,587,500 | 0 | 0 | $0 |
| Brooks J Klimley | · | Aug. 6, 2026 S | 68,204 | 0 | 3 | $-310,100 |
| Sheri Pearce | · | Aug. 4, 2026 S | 83,900 | 0 | 2 | $-670,800 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 115 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| NBET · Neuberger Berman ETF Trust | 3.93% | 84,600 NS | July 31, 2026 | N-PORT |
| ADPV · Series Portfolios Trust | 3.63% | 294,781 NS | July 31, 2026 | N-PORT |
| NEWZ · EA Series Trust | 3.20% | 28,462 NS | July 31, 2026 | N-PORT |
| ABLD · Abacus FCF ETF Trust | 3.17% | 133,638 NS | July 31, 2026 | N-PORT |
| LSEQ · Harbor ETF Trust | 2.09% | 14,561 NS | July 31, 2026 | N-PORT |
| ABFL · Abacus FCF ETF Trust | 2.02% | 483,534 NS | July 31, 2026 | N-PORT |
| MCOW · Pacer Funds Trust | 1.60% | 776 NS | July 31, 2026 | N-PORT |
| BKGI · BNY Mellon ETF Trust | 1.56% | 929,994 NS | July 31, 2026 | N-PORT |
| USAI · Pacer Funds Trust | 1.45% | 87,858 NS | July 31, 2026 | N-PORT |
| BUL · Pacer Funds Trust | 1.34% | 79,839 NS | July 31, 2026 | N-PORT |
| XMLV · Invesco Exchange-Traded Fund Trust … | 1.23% | 419,281 SH | Oct. 1, 2026 | Daily |
| HSMV · First Trust Exchange-Traded Fund III | 1.14% | 18,273 NS | July 31, 2026 | N-PORT |
| PXI · Invesco Exchange-Traded Fund Trust | 1.08% | 34,567 SH | Oct. 1, 2026 | Daily |
| COWG · Pacer Funds Trust | 1.03% | 1,038,360 NS | July 31, 2026 | N-PORT |
| GDIV · Harbor ETF Trust | 0.94% | 100,511 NS | July 31, 2026 | N-PORT |
| FLRG · FIDELITY COVINGTON TRUST | 0.85% | 111,733 NS | July 31, 2026 | N-PORT |
| XMHQ · Invesco Exchange-Traded Fund Trust | 0.76% | 2,008,754 SH | Oct. 1, 2026 | Daily |
| FXN · First Trust Exchange-Traded AlphaDE… | 0.74% | 127,045 NS | July 31, 2026 | N-PORT |
| GYLD · ARROW ETF TRUST | 0.63% | 10,625 NS | July 31, 2026 | N-PORT |
| ESSC · Strategy Shares | 0.59% | 9,717 NS | July 31, 2026 | N-PORT |
| RFG · Invesco Exchange-Traded Fund Trust | 0.51% | 83,311 SH | Oct. 1, 2026 | Daily |
| SMDX · Tidal Trust III | 0.47% | 27,845 NS | July 31, 2026 | N-PORT |
| IVOG · VANGUARD ADMIRAL FUNDS | 0.40% | 328,070 SH | Aug. 19, 2026 | Daily |
| VDE · VANGUARD WORLD FUND | 0.39% | 1,889,468 SH | Aug. 19, 2026 | Daily |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.36% | 73,980 NS | July 31, 2026 | N-PORT |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.35% | 74,683 NS | July 31, 2026 | N-PORT |
| FENY · FIDELITY COVINGTON TRUST | 0.34% | 310,081 NS | July 31, 2026 | N-PORT |
| IYE · iShares Trust | 0.30% | 253,229 SH | Sept. 11, 2026 | Daily |
| IQSM · New York Life Investments ETF Trust | 0.29% | 42,799 NS | July 31, 2026 | N-PORT |
| PAMC · Pacer Funds Trust | 0.27% | 6,558 NS | July 31, 2026 | N-PORT |
| IGF · iShares Trust | 0.27% | 1,239,705 SH | Sept. 11, 2026 | Daily |
| EWQ · iShares, Inc. | 0.26% | 2,744 SH | Sept. 11, 2026 | Daily |
| RDIV · Invesco Exchange-Traded Fund Trust … | 0.23% | 161,161 SH | Oct. 1, 2026 | Daily |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.21% | 43,338 SH | Oct. 1, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.21% | 83,861 SH | Oct. 1, 2026 | Daily |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.21% | 536,443 SH | Aug. 19, 2026 | Daily |
| PTMC · Pacer Funds Trust | 0.21% | 36,712 NS | July 31, 2026 | N-PORT |
| FQAL · FIDELITY COVINGTON TRUST | 0.20% | 130,512 NS | July 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.20% | 1,389,544 NS | July 31, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.19% | 57,187 NS | July 31, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.19% | 217,872 NS | July 31, 2026 | N-PORT |
| IGE · iShares Trust | 0.18% | 65,017 SH | Sept. 11, 2026 | Daily |
| JMOM · J.P. Morgan Exchange-Traded Fund Tr… | 0.18% | 201,636 NS | July 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.16% | 4,838,982 SH | Aug. 19, 2026 | Daily |
| VFMO · VANGUARD WELLINGTON FUND | 0.16% | 144,558 SH | Aug. 19, 2026 | Daily |
| MIDU · Direxion Shares ETF Trust | 0.16% | 4,882 NS | July 31, 2026 | N-PORT |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.15% | 40,346 NS | July 31, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.15% | 138,608 NS | July 31, 2026 | N-PORT |
| HDV · iShares Trust | 0.13% | 909,058 SH | Sept. 11, 2026 | Daily |
| ESML · iShares Trust | 0.13% | 157,944 SH | Sept. 11, 2026 | Daily |
| SMMD · iShares Trust | 0.10% | 176,880 SH | Sept. 11, 2026 | Daily |
| NFRA · FlexShares Trust | 0.10% | 136,308 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.09% | 3,816,901 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.09% | 7,622,882 SH | Aug. 19, 2026 | Daily |
| PDN · Invesco Exchange-Traded Fund Trust … | 0.09% | 958 SH | Oct. 1, 2026 | Daily |
| LRGF · iShares Trust | 0.09% | 140,939 SH | Sept. 11, 2026 | Daily |
| ISCG · iShares Trust | 0.07% | 32,169 SH | Sept. 11, 2026 | Daily |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.07% | 45,275 NS | July 31, 2026 | N-PORT |
| IWS · iShares Trust | 0.07% | 490,131 SH | Sept. 11, 2026 | Daily |
| EZU · iShares, Inc. | 0.07% | 21,483 SH | Sept. 11, 2026 | Daily |
| IDHQ · Invesco Exchange-Traded Fund Trust … | 0.07% | 2,370 SH | Oct. 1, 2026 | Daily |
| WSML · iShares Trust | 0.07% | 20,398 SH | Sept. 11, 2026 | Daily |
| INTF · iShares Trust | 0.07% | 7,751 SH | Sept. 11, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.06% | 428,178 NS | July 31, 2026 | N-PORT |
| VFMV · VANGUARD WELLINGTON FUND | 0.06% | 11,956 SH | Aug. 19, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.06% | 14,652 NS | July 31, 2026 | N-PORT |
| IWR · iShares Trust | 0.05% | 1,352,139 SH | Sept. 11, 2026 | Daily |
| EFG · iShares Trust | 0.05% | 26,505 SH | Sept. 11, 2026 | Daily |
| GTO · Invesco Actively Managed Exchange-T… | 0.05% | 1,547,000 | Oct. 1, 2026 | Daily |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.05% | 30,075 SH | Oct. 1, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.05% | 12,113 NS | July 31, 2026 | N-PORT |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0.05% | 170,278 NS | July 31, 2026 | N-PORT |
| IQLT · iShares Trust | 0.05% | 19,350 SH | Sept. 11, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.04% | 873,622 NS | July 31, 2026 | N-PORT |
| IEUR · iShares Trust | 0.04% | 10,889 SH | Sept. 11, 2026 | Daily |
| IMFL · Invesco Exchange-Traded Self-Indexe… | 0.03% | 1,110 SH | Oct. 1, 2026 | Daily |
| VGK · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.03% | 39,332 SH | Aug. 19, 2026 | Daily |
| VYM · VANGUARD WHITEHALL FUNDS | 0.03% | 1,314,629 SH | Aug. 19, 2026 | Daily |
| DIVB · iShares Trust | 0.03% | 26,586 SH | Sept. 11, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.03% | 41,148 NS | July 31, 2026 | N-PORT |
| EFA · iShares Trust | 0.02% | 60,120 SH | Sept. 11, 2026 | Daily |
| IEFA · iShares Trust | 0.02% | 144,805 SH | Sept. 11, 2026 | Daily |
| IDEV · iShares Trust | 0.02% | 21,160 SH | Sept. 11, 2026 | Daily |
| IUSG · iShares Trust | 0.02% | 298,014 SH | Sept. 11, 2026 | Daily |
| VEA · VANGUARD TAX-MANAGED FUNDS | 0.02% | 160,084 SH | Aug. 19, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.02% | 199,099 SH | Aug. 19, 2026 | Daily |
| IWD · iShares Trust | 0.02% | 732,262 SH | Sept. 11, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.02% | 104,627 NS | July 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.02% | 16,844 NS | July 31, 2026 | N-PORT |
| ACWX · iShares Trust | 0.02% | 6,311 SH | Sept. 11, 2026 | Daily |
| IXUS · iShares Trust | 0.01% | 26,169 SH | Sept. 11, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.01% | 105,111 NS | July 31, 2026 | N-PORT |
| IWB · iShares Trust | 0.01% | 235,162 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.01% | 460,813 SH | Sept. 11, 2026 | Daily |
| PRF · Invesco Exchange-Traded Fund Trust | 0.01% | 51,412 SH | Oct. 1, 2026 | Daily |
| IWV · iShares Trust | 0.01% | 91,545 SH | Sept. 11, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.01% | 10,547,605 SH | Aug. 19, 2026 | Daily |
| VXUS · VANGUARD STAR FUNDS | 0.01% | 244,428 SH | Aug. 19, 2026 | Daily |
| VEU · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 38,421 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 268,852 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.01% | 53,421 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.01% | 27,605 SH | Aug. 19, 2026 | Daily |
| TOK · iShares Trust | 0.01% | 64 SH | Sept. 11, 2026 | Daily |
| NEAR · iShares U.S. ETF Trust | 0.01% | 401,000 SH | Sept. 11, 2026 | Daily |
| URTH · iShares, Inc. | 0.01% | 1,978 SH | Sept. 11, 2026 | Daily |
| ACWI · iShares Trust | 0.01% | 6,070 SH | Sept. 11, 2026 | Daily |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.01% | 13,191 SH | Oct. 1, 2026 | Daily |
| IJH · iShares Trust | · | 11,666,761 SH | Sept. 11, 2026 | Daily |
| IJK · iShares Trust | · | 1,927,871 SH | Sept. 11, 2026 | Daily |
| IFRA · iShares Trust | · | 402,904 SH | Sept. 11, 2026 | Daily |
| XJH · iShares Trust | · | 45,509 SH | Sept. 8, 2026 | Daily |
| ISCB · iShares Trust | · | 14,138 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 47,647 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 670,956 SH | Sept. 11, 2026 | Daily |
| SMMV · iShares Trust | · | 105,174 SH | Sept. 1, 2026 | Daily |
AM Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 16 analysts
SELL
Median target
$24.00
+17.9%
0 0.0%
Strong Buy
0 0.0%
Buy
9 56.2%
Hold
4 25.0%
Sell
3 18.8%
Strong Sell
12-Month Price Target
7 analysts · 2026-10-03Mean target $24.00 +17.9%
← Below all targets
Current price $20.36
Low$22.00
Mean$24.00
High$26.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| AM | $8.43B | 20.7 | 7.4% | 34.8% | 20.4% | · |
| LNG | $41.29B | 8.1 | 27.2% | 26.7% | 78.3% | · |
| CQP | · | -109.1 | 23.6% | 27.8% | · | · |
| WES | · | · | 6.6% | 30.7% | · | · |
| PAA | · | · | -9.5% | 3.2% | · | · |
| DTM | $12.17B | 27.8 | 26.7% | 35.5% | 9.4% | · |
| KNTK | · | 13.7 | 19.0% | 10.1% | -16.7% | · |
| HESM | · | · | 8.4% | 21.8% | · | · |
| INSW | $2.40B | 7.8 | -11.4% | 36.7% | 15.8% | · |
| PAGP | · | 38.3 | -9.5% | 0.59% | · | · |
| WMB | · | 28.1 | 13.8% | 21.9% | 20.7% | · |
Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
No open signal right now — no card is filled, and that's honest.
My Metrics Your personal watchlist — selected rows from Full Fundamentals
Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.
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Source: SEC 10-Q filed Jul 29, 2026