Antero Midstream (AM) vs DT Midstream (DTM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Antero Midstream (AM) has outperformed DT Midstream (DTM) over the past year, gaining 9.0% versus a gain of 7.6%. Over five years, DTM leads with a +145.8% price change compared with +83.7% for AM. DT Midstream is the larger company by market cap ($12.52 billion vs $9.90 billion), about 1.3 times the size.
On valuation, Antero Midstream trades at a lower forward P/E (12.9x vs 25.0x for DT Midstream). Antero Midstream offers the higher dividend yield (4.32% vs 2.77%). DT Midstream converts more of its revenue into profit, with a net margin of 35.5% versus 34.8%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AM | DTM |
|---|---|---|
| Share price | $20.85 | $122.69 |
| Market cap | $9.90B | $12.52B |
| 1-day change | -1.37% | -1.53% |
| YTD return | +17.20% | +2.52% |
| 1-year return | +8.99% | +7.61% |
| 5-year return | +83.70% | +145.77% |
| P/E ratio (TTM) | 25.12 | 26.85 |
| Forward P/E | 12.94 | 25.05 |
| EPS (TTM) | $0.83 | $4.57 |
| Dividend yield | 4.32% | 2.77% |
| Annual dividend | $0.90 | $3.40 |
| Revenue (latest FY) | $1.19B | $1.24B |
| Revenue growth (YoY) | +7.43% | +26.71% |
| Net income (latest FY) | $413.16M | $441.00M |
| Operating margin | 54.25% | 49.40% |
| Net margin | 34.77% | 35.48% |
| 52-week high | $23.84 | $152.88 |
| 52-week low | $16.96 | $104.99 |
| Distance from 52-week high | -12.52% | -19.75% |
| Analyst consensus | none | buy |
| Avg. price target upside | +15.11% | +24.38% |
| Average volume | 2.36M | 917.64K |
| Shares outstanding | 474.67M | 102.02M |
| Employees | 632 | 588 |
| Sector | Utilities | Utilities |
| Industry | Natural Gas Distribution | Natural Gas Distribution |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Antero Midstream offers a meaningfully higher dividend yield (4.32% vs 2.77%).
- DT Midstream grew revenue faster in its latest fiscal year (+26.71% vs +7.43%).
About Antero Midstream
AM stock →Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling.
Utilities · Natural Gas Distribution · 632 employees
About DT Midstream
DTM stock →DT Midstream, Inc., together with its subsidiaries, provides integrated natural gas services in the United States. The company operates in two segments, Pipeline and Gathering.
Utilities · Natural Gas Distribution · 588 employees
AM vs DTM FAQ
Which is bigger, Antero Midstream or DT Midstream?
DT Midstream (DTM) is larger, with a market capitalization of $12.52B compared with $9.90B for Antero Midstream (AM).
Which stock has performed better over the past year, AM or DTM?
AM returned +8.99% over the past 12 months, compared with +7.61% for DTM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AM or DTM?
AM has the lower trailing P/E at 25.1, versus 26.8 for DTM. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Antero Midstream or DT Midstream?
Antero Midstream has the higher yield at 4.32%, compared with 2.77% for DT Midstream.
Are Antero Midstream and DT Midstream in the same industry?
Yes. Both are classified in the Natural Gas Distribution industry within the Utilities sector.