Antero Midstream (AM)
NYSEEnergyOil & Gas MidstreamSnapshot 2026-09-04
$22.60+0.62%
Close 2026-09-04 · 1-day change
NYSEEnergyOil & Gas MidstreamSnapshot 2026-09-04
QuarterlyIQ Insights · AM
Price, fair value, and the multiples that frame it on the same time axis. Scroll over the price chart to zoom.
Daily closes. Earnings/event dots inline.
A consensus fair price across 11 valuation methods, at three horizons. As of 2026-09-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $23 AM trades at 21× p/e, below its 23× p/e peer median. Our $32 fair value sits well above the price. We hold it with medium confidence: quality doesn't explain valuation multiples in this sub-industry, so the peer comparison is a weak guide. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Score 100 = cheapest in the cohort, 0 = richest. Bars are filled left-to-right based on the peer-relative score (or PEG/self-history where shown).
Each method's implied share price per horizon. Provisional rows use a projected (historical-CAGR) growth input rather than analyst or management guidance.
| Method | Horizon | Est. price | Multiple | Per-share input | EPS source | Confidence |
|---|---|---|---|---|---|---|
| dcf fcfe | 12M | $143.50 | — | — | Hist. CAGR | medium |
| dcf fcff | 12M | $110.88 | — | — | Hist. CAGR | medium |
| graham number | 12M | $9.95 | — | — | TTM | medium |
| Peer EV/EBITDA | 12M | $3.23 | 7.5 | 1.42 | TTM | medium |
| Peer P/FCF |
A “consensus-then vs. actual-now” overlay is on the way — what our valuation estimate said on a past date versus where the price actually landed.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A long-thesis check that carries the widest uncertainty of the three horizons.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Only weak execution quality, a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Roughly priced in line with peers.
Around its own typical valuation.
Trailing four: 2025-Q2, 2025-Q3, 2026-Q1, 2026-Q2
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
| 12M |
| $22.69 |
| 14.1 |
| 1.61 |
| TTM |
| medium |
| Peer P/E | 12M | $17.82 | 14.4 | 1.23 | ntm analyst | medium |
| Peer P/S | 12M | $4.44 | 1.7 | 2.58 | TTM | medium |
| PEG | 12M | $10.20 | 9.4 | 1.08 | TTM | medium |
| residual income | 12M | $7.19 | — | — | TTM | medium |
| Own P/E history | 12M | $22.09 | 20.4 | 1.08 | TTM | medium |
| triangulated | 12M | $24.27 | 22.5 | 1.08 | Triangulated | medium |
| Peer P/FCF | 3Y | $34.51 | 14.1 | 2.45 | Hist. CAGR(prov.) | high |
| Peer P/E | 3Y | $23.47 | 14.4 | 1.63 | Analyst | high |
| Peer P/S | 3Y | $6.55 | 1.7 | 3.81 | Analyst | high |
| PEG | 3Y | $15.35 | 9.4 | 1.63 | Analyst | high |
| Own P/E history | 3Y | $33.23 | 20.4 | 1.63 | Analyst | high |
| Peer P/FCF | 5Y | $45.64 | 14.1 | 3.24 | Hist. CAGR(prov.) | high |
| Peer P/E | 5Y | $30.23 | 14.4 | 2.09 | Analyst | high |
| Peer P/S | 5Y | $8.43 | 1.7 | 4.91 | Analyst | high |
| PEG | 5Y | $19.78 | 9.4 | 2.09 | Analyst | high |
| Own P/E history | 5Y | $42.81 | 20.4 | 2.09 | Analyst | high |