Antero Midstream Corporation (AM) Revenue by Segment

Antero Midstream revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Antero Midstream's largest business segment was Gathering and Compression, with $257.72 million or 79% of revenue, up 7.6% from a year earlier. Next: Water Handling (21%).

The fastest-growing business segment from a year earlier was Gathering and Compression (+7.6%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q1 fiscal 2019.

Antero Midstream Corporation

AMEnergy

United States

Energy

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Gathering and CompressionWater Handling

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before	Trend
Gathering and Compression	USD 257.72M	78.8%	+7.6%
Water Handling	USD 69.52M	21.2%	+5.6%

Sum of items USD 327.24M. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19
Gathering and Compression	257.7M	249.9M	241.3M	240.6M	239.6M	228.7M	225.4M	225.6M	219.7M	218.3M	207.5M	205.7M	201.8M	190.3M	181.8M	176.4M	174.8M	173.2M	173.9M	179.4M	183.4M	175.9M	174.9M	180.9M	164.8M	153.9M	154.8M	159.4M	166.5M	33.0M
Water Handling	69.5M	64.3M	55.7M	54.3M	65.8M	62.4M	62.1M	44.3M	50.1M	60.7M	52.7M	58.1M	56.5M	69.2M	59.7M	54.7M	54.1M	45.3M	42.6M	45.4M	49.4M	48.2M	29.0M	52.5M	55.0M	89.8M	84.3M	84.4M	89.1M	21.1M

Antero Midstream revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Gathering and Compression	$257.7M	$249.9M	$240.6M	$239.6M	79%
Water Handling	$69.5M	$64.3M	$54.3M	$65.8M	21%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are Antero Midstream's business segments?

Gathering and Compression and Water Handling (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Antero Midstream?

Gathering and Compression: $257.72 million, or 79% of revenue, in Q2 fiscal 2026.

MoreAntero Midstream stock overview Antero Midstream financials Antero Midstream executive team Antero Midstream shareholders

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.