Antero Midstream price to free cash flow AM

Market value divided by free cash flow over the last twelve months, since 2020.

Today, Oct 23, 2026: n/m; not a meaningful number
Last meaningful: 10.7×; Jul 2025
7-year median: 7.8×
7-year range: 3.0× to 11.9×
Peer median: 17.5×

Antero Midstream's price to free cash flow is not a meaningful number today: free cash flow over the last twelve months was zero, negative or not reported.

It was last meaningful in Jul 2025, at 10.7×.

On the days it had one over the last 7 years, its median was 7.8×, from 3.0× in Mar 2020 to 11.9× in May 2025.

Price to free cash flow over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2025	10.7×	9.9×	11.9×
2024	9.7×	7.6×	10.3×
2023	n/m a value too high to mean anything
2022	7.6×	7.1×	7.9×
2021	7.2×	6.1×	8.6×
2020	7.3×	3.0×	8.0×

Against its peers

Companies in Oil & Gas Midstream nearest Antero Midstream's size, closest first, today.

Company	Price to free cash flow
AMAntero Midstream	n/m
KNTKKinetik	57.7×
DTMDT Midstream	26.3×
SWXSouthwest Gas	n/m
WESWestern Midstream Partners	15.3×
AROCArchrock	17.5×
KGSKodiak Gas Services	n/m
CPKChesapeake Utilities	n/m
CQPCheniere Energy Partners	11.5×
VGVenture Global	n/m
CTRICenturi	n/m
Peer median	17.5×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Antero Midstream

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.