• Antero Midstream average price to free cash flow ratio for 2023 was 10.78, a 7.31% increase from 2022.
• Antero Midstream average price to free cash flow ratio for 2022 was 11.63, a 50.45% decline from 2021.
• Antero Midstream average price to free cash flow ratio for 2021 was 7.73, a 76.08% increase from 2020.

Price to free cash flow ratio can be defined as