Antero Midstream Debt-to-EBITDA Ratio Growth & History (AM)
Antero Midstream's debt-to-ebitda ratio was 3.79 for fiscal 2025.
View full Antero Midstream company overviewAntero Midstream annual debt-to-ebitda ratio history
| Fiscal year | Period ended | Debt-to-EBITDA ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 3.79 | 0.21 | +5.84% |
| 2024 | 2024-12-31 | 3.58 | −0.34 | −8.71% |
| 2023 | 2023-12-31 | 3.93 | −0.61 | −13.36% |
| 2022 | 2022-12-31 | 4.53 | 0.28 | +6.60% |
| 2021 | 2021-12-31 | 4.25 | — | — |
Antero Midstream quarterly debt-to-ebitda ratio
| Fiscal quarter | Period ended | Debt-to-EBITDA ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 4.14 | 0.81 | +24.15% |
| Q1 2026 | 2026-03-31 | 4.28 | 0.74 | +20.71% |
| Q4 2025 | 2025-12-31 | 3.79 | 0.21 | +5.84% |
| Q3 2025 | 2025-09-30 | 3.25 | −0.48 | −12.93% |
| Q2 2025 | 2025-06-30 | 3.34 | −0.42 | −11.18% |
| Q1 2025 | 2025-03-31 | 3.55 | −0.24 | −6.27% |
| Q4 2024 | 2024-12-31 | 3.58 | −0.34 | −8.71% |
| Q3 2024 | 2024-09-30 | 3.73 | −0.31 | −7.72% |
| Q2 2024 | 2024-06-30 | 3.76 | −0.46 | −10.83% |
| Q1 2024 | 2024-03-31 | 3.79 | −0.55 | −12.70% |
| Q4 2023 | 2023-12-31 | 3.93 | −0.61 | −13.36% |
| Q3 2023 | 2023-09-30 | 4.04 | −0.11 | −2.75% |
| Q2 2023 | 2023-06-30 | 4.21 | 0.02 | +0.51% |
| Q1 2023 | 2023-03-31 | 4.34 | 0.16 | +3.76% |
| Q4 2022 | 2022-12-31 | 4.53 | 0.28 | +6.60% |
| Q3 2022 | 2022-09-30 | 4.16 | −0.48 | −10.36% |
| Q2 2022 | 2022-06-30 | 4.19 | −0.49 | −10.52% |
| Q1 2022 | 2022-03-31 | 4.18 | −0.64 | −13.33% |
| Q4 2021 | 2021-12-31 | 4.25 | — | — |
| Q3 2021 | 2021-09-30 | 4.64 | — | — |
| Q2 2021 | 2021-06-30 | 4.69 | — | — |
| Q1 2021 | 2021-03-31 | 4.82 | — | — |
Antero Midstream debt-to-ebitda ratio trends
Between the periods ended 2021-12-31 and 2025-12-31, Antero Midstream's debt-to-ebitda ratio decreased from 4.25 to 3.79, a change of −0.46. The latest reported quarter, Q2 2026, shows 4.14.
What the debt-to-EBITDA ratio means
Debt-to-EBITDA compares interest-bearing debt with operating earnings before interest, taxes, depreciation, and amortization. It is commonly used to assess leverage, but it is generally unsuitable for banks and other financial companies.
How debt-to-EBITDA is calculated
TickerStat divides period-end total debt by annual EBITDA. Quarterly observations use trailing-12-month EBITDA. Periods with zero or negative EBITDA are excluded because the leverage multiple would not be meaningful. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Antero Midstream source filings ↗