AMAntero Midstream Corp
Natural Gas Transmission
- Revenue
- $1.2B
- 7.4% YoY
- Operating margin
- 54.2%
- 9.0% YoY
- EBITDA
- $779M
- 2.5% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 3.8×
- $3.0B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear223% of net incomeCash flow under 80% of net income
- Dilutive SBCClear4% of revenueOver 10% of revenue
- Payouts exceed cash flowClear62% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear9% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $898M | $920M | $1.0B | $1.1B | $1.2B | 7.4% |
| Operating income | $555M | $539M | $612M | $659M | $645M | 2.2% |
| Net income | $332M | $326M | $372M | $401M | $418M | 4.2% |
| Operating cash flow | $710M | $700M | $779M | $844M | $932M | 10% |
| Capex | — | $217M | $266K | $70M | — | |
| Stock-based comp | $14M | $20M | $32M | $44M | $46M | 3.7% |
| Buybacks | — | — | — | $29M | $135M | 370% |
| Dividends | $471M | $433M | $435M | $438M | $439M | 0.3% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $319K · 1
- Net
- −$319K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 343 | — |
| FY2024 | — | — | 276 | — |
| FY2023 | — | — | 215 | — |
| FY2022 | — | — | 171 | — |
| FY2021 | — | — | 140 | — |