Antero Midstream (AM) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $0.28
- Estimate
- $0.36
- Surprise
- -23.0%
- Revenue (period 2026-09-30)
- $327.0M
- Score at report (before → after)
- 5.9 → 5.7/10
Revenue source: xbrl.
How the report landed
Antero Midstream (AM) missed the $0.36 estimate with adjusted EPS of $0.28 — a large 23.0% shortfall. TrendMatrix's engine moved from Buy (Wait) (5.9/10) to Hold at 5.7/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates AM Hold at 5.7/10.
1 of the last 4 quarters beat the estimate; this quarter's -23.0% surprise compares with a -10.6% four-quarter average.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.4 in RISK_OFF)
- Sector modifier (Energy): +1.2
What argues against it
- Concentration risk — Customer: Antero Resources
- Analyst target reached - limited upside remaining
- Leverage penalty (D/E 1.9): -1.0
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $20.75
- Price target
- $20.88
- Stop
- $19.77
- Upside to target
- +0.6%
- Reward-to-risk
- 0.1:1
The stock trades at 25.0× trailing but 12.9× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-10-29 — shown for context, not personalized investment advice.
AM at TrendMatrix's latest read
Energy results are commodity-price arithmetic first; the operational beat or miss is read net of what the strip already told the market.
- Industry
- Oil & Gas Midstream
- Market cap
- $9.85B
- P/E (fwd)
- 12.9
- P/E (ttm)
- 25.0
- 52-week range
- $16.96–$23.84
- Off 52-week high
- 12.9%
- RSI (14)
- 47
- Volume vs avg
- 0.88×
- Score today
- 5.7/10