Antero Midstream Corp
Must-know: A quick look into the Antero Midstream IPO
On October 27, Antero Resources Corporation announced the initial public offering of Antero Midstream Partners LP.
Key update on Antero Midstream’s assets
Antero Resources’ current acreage is focused in the Marcellus Shale in West Virginia and the Utica Shale in Ohio.
Antero Midstream’s Commodity Price Exposure: Key for Investors
The earnings of midstream companies, including small ones such as Antero Midstream Partners, are believed to not have much direct commodity price exposure.
How Rice Midstream’s Stock Has Performed So Far in 2016
Rice Midstream Partners, Rice Energy’s natural gas and water service, has gained 45.6% YTD, despite touching multiyear lows early in 2016.
How Falling D&C Costs in Marcellus Affect RMP, AM, EQM, and CNNX
The D&C (drilling and completion) costs for the Marcellus Shale and the Utica Shale have declined in recent years.
What Does EQT Midstream Partners’ Current Valuation Indicate?
EQT Midstream Partners (EQM) is trading at a significant discount to its historical levels, driven by the recent weakness.
Should You Include EQT Midstream Partners in Your Portfolio?
Here, we’ll look at what Wall Street analysts recommend for EQT Midstream Partners (EQM). Around 90.9% of analysts rate EQT Midstream a “buy.”
Analysts’ Recommendations for EQT Midstream Partners
The median target price of $95 for EQT Midstream implies a 26.1% price return in the next 12 months from its June 24, 2016, closing price of $75.4.
Do Antero Midstream’s Technical Indicators Hint at a Bounce Back?
Antero Midstream Partners (AM) has gone below both its short-term (50-day) and long-term (200-day) moving averages due to the recent weakness.
What Does Antero Midstream Partners’ Current Valuation Indicate?
Antero Midstream Partners’ forward EV-to-EBITDA ratio using the next 12-month EBITDA is 9.9x. That’s below the historical average of 14.4x.
What Does Rice Midstream’s Current Valuation Tell Us?
Rice Midstream’s EV-to-adjusted-EBITDA ratio is 17.8x. Its current EV-to-EBITDA is above the past three quarters’ average of 14.8x.
Rice Midstream Has the Lowest Leverage among Its Peers
Although Antero Midstream Partners (AM) had the highest net debt-to-EBITDA multiple of 2.5x by the end of 4Q16, it was still below industry standards.
What Drove Midstream MLP Throughput Volumes in 2016?
The Permian Basin has emerged as the most resilient crude oil production region in the US under the current low commodity price environment.
Why Antero Is the Favorite MLP among Analysts
Antero Midstream Partners, the midstream MLP formed by Antero Resources (AR) to provide natural gas midstream services, has 100 “buy” ratings.
Analyzing Western Gas Partners’ Commodity Price Exposure
The earnings of midstream companies do not have much direct commodity price exposure.
ETE and AM: Key Midstream Price Target Updates Last Week
On August 28, JPMorgan Chase raised its price target for Energy Transfer Equity (ETE) from $24 to $25.
Antero Midstream Has Top Distribution Targets among MLPs
Antero Midstream Partners (AM), the midstream MLP formed by Antero Resources (AR), is expected to continue its industry-leading growth in 2017 and beyond.
Analyzing Cheniere Energy’s Commodity Price Exposure
The correlation between Cheniere Energy’s stock price and crude oil (USO) resulted in a correlation coefficient of 0.87 during the past year.
Cone Midstream: Worst Midstream MLP Performer on August 28
Cone Midstream Partners (CNNX) was the worst performer among midstream MLPs at the end of trading on Friday, August 28. It fell 0.61%.
Five High-Dividend Stocks You Should Watch
Let’s take a look at five stocks that are trading with high dividend yields and the risks involved with each.
The Top 7 Analyst Favorite MLPs
Antero Midstream Partners, Viper Energy Partners, and Hoegh LNG Partners have the most “buys” among all the publicly traded limited partnerships.
Where Does Western Gas Stand Compared to Its Peers?
Western Gas Partners (WES) has the highest enterprise value among its select peers, at $10.4 billion. WES is followed by EQT Midstream Partners (EQM).
Recent Analyst Recommendations for Antero Midstream Partners
All the analysts covering Antero Midstream Partners (AM) have rated it a “buy.” It’s the only constituent of the Alerain MLP ETF (AMLP) that has 100% “buy” ratings.
Could Antero Midstream Partners Benefit from Strong Earnings?
Antero Midstream Partners fell 6% last year. However, it had a strong start to the new year. It has risen 6.8% in 2018.
WES, EQM, and CEQP among Gathering MLPs on Barclays Radar
Barclays downgraded Western Gas Partners (WES) to “equal weight” from “overweight” last week.
Antero Midstream: Top Midstream Loser on Friday, July 31
Antero Midstream Partners (AM) was the top loser among midstream MLPs at the end of trading on Friday, July 31. It fell 5.02%. It has returned -2.98% YTD.
Marcellus D&C Costs in Decline: How RMP, AM, EQM, and CNNX Could Benefit
Marcellus and Utica drilling and completion costs have kept declining in recent years. Both shale plays are among the lowest-cost shale plays in the US.
Expected Increases in Oil, Gas Production: A Positive for MLPs
US drilling activity in February 2017 US drilling activity stayed strong in major shale plays in February 2017, driven by the slight recovery in commodity prices and the decline in drilling costs with the usage of efficient drilling methods. According to recent Baker Hughes (BKI) rig data, the US rig count rose for the seventh […]
Gauging EQT Corporation’s Capex and Free Cash Flow Trends
Let’s take a look at EQT Corporation’s (EQT) capex and free cash flow trends.
How Does Crude Oil below $35 Affect Sunoco Logistics?
The correlation between Sunoco Logistics’ (SXL) stock price and crude oil (USO) resulted in a correlation coefficient of -0.27 in the last five years. Natural gas (UNG) and SXL have a correlation coefficient of 0.12 for the same period.
Top MLP Losers in the Week Ending February 2
Teekay Offshore Partners (TOO) was the top MLP loser in the week ending February 2. The partnership fell 13.5% last week.
EQT Midstream Partners: Most Analysts Rate the Stock a ‘Buy’
In this part of our series, we’ll look at Wall Street analysts’ recommendations for EQT Midstream Partners (EQM).
Which MLPs Look Safe amid Crude Oil Uncertainty?
In this article, we’ll look at the MLPs that Wall Street analysts expect will have attractive upsides and low commodity price exposure.
Key for Investors: Crestwood Equity’s Commodity Price Exposure
The earnings of midstream companies, including larger ones such as Williams Partners and smaller ones such as and Crestwood, aren’t believed to have much direct commodity price exposure.
Midstream Stocks Approach 52-Week Lows: Time to Buy?
Several midstream stocks hit their respective 52-week lows in the last five days. Crude oil prices took a hit yesterday amid concerns over trade talks.
How Wall Street Analysts Currently View Antero Midstream Stock
Antero Midstream GP (AMGP) has a median price target of $23.70 against its current market price of $18.56.
Investing in MLPs: Why Yield Isn’t Everything
As investors, it can be difficult to escape from the lure of high yields. The idea of high and regular income looks attractive.
AM, DCP, TCP, ET: Last Week’s Key Rating Updates
Antero Midstream (AM), which started trading as a corporation on March 13, has a price target of $17 from Capital One Securities.
These Stocks Outperformed the Energy Space Last Week
Between January 18 and January 25, oilfield services stock Weatherford International rose the most among the energy stocks under review in this series.
Antero Midstream Partners: What Can Investors Expect?
Antero Midstream Partners (AM) has a median target price of $38.0—compared to its current market price of $26.90.
OKE, HCLP, SUN: Key Midstream and MLP Rating Updates Last Week
Of the 18 analysts covering ONEOK, five have rated the stock as a “strong buy,” four have rated it as a “buy,” and the remaining nine have rated it as a “hold.”
AM, NGL, AMGP, and SPH Outperformed Last Week
On October 9, Antero Midstream Partners (AM) and Antero Midstream GP (AMGP) announced a simplification transaction.
A Look at Antero Midstream Partners’ Chart Indicators
Short interest in Antero Midstream Partners fell 2.0% on September 28.
Antero Midstream to Buy Antero Midstream Partners
On October 9, Antero Midstream GP agreed to buy MLP subsidiary Antero Midstream Partners, including shares held by Antero Resources (AR).
MLP Rating Update for the Week Ending August 3
Hi-Crush Partners (HCLP) saw a rating downgrade and target price revision last week. Credit Suisse raised its target price to $17 from $15.
MPLX LP Places Third in Terms of Analyst Ratings
In terms of analysts ratings, MPLX LP (MPLX), a diversified midstream MLP owned by Marathon Petroleum (MPC), places third among the seven midstream companies we’re looking at.
Largest Injection in US Natural Gas Inventories since 2015
The EIA reported that US natural gas inventories increased by 91 Bcf (billion cubic feet) to 1,629 Bcf on May 11–18.
Genesis Energy Is Trading at a Discount despite Strong Earnings
Genesis Energy is expected to post 27.4% YoY EBITDA growth in the first quarter of 2018 compared to 1Q17.
Top Earnings Growth Expected from Midstream Companies in 1Q18
In this series, we’ll look at the top ten midstream companies based on earnings growth expectations for 1Q18.
These Top Midstream Companies Offer Maximum Upside Potential
In this series, we’ll look into ten midstream players’ market performances, upside potentials, valuations, and analyst recommendations.
Who’s Protected from FERC’s Revised Income Tax Policy?
Midstream companies such as Kinder Morgan (KMI), Targa Resource (TRGP), and ONEOK (OKE) are taxed as C-corps, so the revised policy doesn’t apply to them.
Which Segment Drove Williams Partners’ 4Q17 Performance?
Williams Partners’ (WPZ) Atlantic Gulf segment posted a 4.6% YoY decline in its adjusted EBITDA during the fourth quarter.
A Sneak Peek at Williams Partners’ 4Q17 Gathering Volumes
Williams Partners, the largest natural gas gatherer in the Marcellus and Utica regions, is expected to see strong volume growth in the regions in the fourth quarter.
Antero Resources’ Capex Guidance for 2018
Antero Resources’ (AR) 2018 capex (capital expenditure) is $1.45 billion. This total includes $1.3 billion for drilling and completion expenses, $25 million for leasehold maintenance expenses, and $125 million for discretionary leasehold expenditures.
Why Rice Midstream Partners Could See Strong 2018 Income Growth
Rice Midstream Partners (RMP) went through a rough patch in 2017 following the announcement of the EQT (EQT) merger with Rice Energy.
How Do These MLPs Look in 2018?
MLPs had a strong start to the new year. The Alerian MLP Index rose 5% in the first week of 2018.
EIA Projections for Natural Gas Processing Capacity in Appalachia
Natural gas processing capacity Natural gas processing is the process of separating dry natural gas from natural gas plant liquids (or NGPL). The process involves the removal of water, carbon dioxide, sulfur, and the like because they could potentially cause mechanical issues during pipeline transit. The increase in natural gas production in the Appalachian region has therefore […]
Antero Midstream Has a 37% Upside Potential from Current Levels
Antero Midstream Partners has lost 8.4% since the beginning of this year.
These 10 MLPs Offer a Maximum Upside from Current Levels
So far in 2017, most MLPs are trading in negative territory despite strong crude oil prices. The Alerian MLP ETF (AMLP), which comprises 25 energy MLPs, has lost 16.3% year-to-date.
Where EQM Stands in the Earnings Margin Lineup among Top MLPs
EQT Midstream Partners (EQM), the midstream MLP (master limited partnership) owned by EQT Corporation, has the fourth-best EBITDA margin among MLPs today.
These MLPs Saw the Biggest Rises Last Week
Upstream MLPs (master limited partnerships) EV Energy Partners (EVEP) and Legacy Reserves were among the top MLP gainers last week.
CSI Compressco Was the Top MLP Loser Last Week
CSI Compressco (CCLP), the MLP mainly involved in natural gas compression, was the highest MLP loser in the week ending November 3, 2017.
Leading MLP Losers in Week Ended September 8
USD Partners (USDP), which owns, acquires, and develops crude oil by rail terminals, was the top MLP loser last week. It fell 17.4%.
Harvest Fund Advisors Added Major Position in Antero Midstream
Institutional ownership in Antero Midstream Partners (AM) fell to 43.6% in 2Q17 compared to 45.1% in the previous quarter.
Antero Midstream Partners Is Outperforming AMLP: Here’s Why
Antero Midstream Partners (AM) has fallen 8.0% so far in August, possibly due to the general negative sentiment in the midstream sector.
What’s Driving Boardwalk Pipeline’s Recent Market Performance?
Boardwalk Pipeline Partners, a midstream MLP mainly involved in natural gas and NGL transportation and storage, is among Credit Suisse’s top MLP picks.
Antero Midstream Benefits from Sponsor’s Advanced Well Completions
Antero Resources’ (AR) advanced well completion requires more water than normal completion. Advanced well completions require 38 to 45 barrels of water per lateral foot.
How Antero Midstream’s Business Mix Could Evolve
Antero Midstream Partners (AM) expects its business mix to evolve from current gathering and compression activities to the inclusion of natural gas processing and fractionation activities over the coming years.
Antero Midstream GP Completes IPO: What You Need to Know
Antero Midstream GP (AMGP) recently completed its IPO (initial public offering). AMGP gives investors a second option to invest in the high-distribution-growth Antero Midstream Partners (AM).
Cone Midstream’s Analyst Recommendations after Ratings Upgrade
Cone Midstream Partners (CNNX) has been upgraded by Wells Fargo from “market perform” to “outperform,” which is equivalent to a “buy.”
How Williams Could Benefit from Strong Marcellus Activity in Q1
According to the EIA (Energy Information Administration), natural gas production in the Marcellus region rose 3.7% YoY (year-over-year) in 1Q17.
Why RMP Has the Highest Volume Growth Potential among Its Peers
RMP’s natural gathering volume increased 71% year-over-year in 4Q16. The increase was largely driven by the partnership’s strong third-party volume growth.
How EQM, AM, CNNX, and RMP Benefit from a Strong Marcellus Focus
The rig count in the region increased to 41 on March 10, 2017, compared to its all-time low of 21 during August 2016.
Where Does Western Gas Stand Next to Peers?
Western Gas Partners (WES) has an enterprise value of $12.3 billion—the highest among select peers, topped only by EQT Midstream Partners (EQM).
How Lower Correlation with Commodities Makes MLPs Look Attractive
MLPs’ correlation with crude oil tends to increase with a decline in crude oil prices. Below $35 per barrel, MLPs exhibited a strong correlation with oil of 0.7.
What the Credit Rating Agencies Are Saying about Antero Resources
Moody’s has given Antero Resources (AR) a Ba2 rating. Standard & Poor’s has given it a BB credit rating.
Understanding Antero Resources’ Organizational Structure
Antero Resources (AR) announced the initial public offering of Antero Midstream Partners LP (AM) in late 2014.
Why EQT Midstream’s Valuation Looks Attractive Ahead of Earnings
EQT Midstream Partners (EQM) has gained 1.3% since the beginning of 2016.
Why Are Institutional Investors Bullish on EQM and RMP?
RMP saw a rise of 113% in buyers since the start of 2016 through October 6, 2016. The number of buyers in CNNX fell 7.1% during the same period.
EQM, AM, RMP, and CNNX: A Key Leverage Comparison of MLPs
Among the four MLP peers we’ve selected for analysis in this series, Antero Midstream Partners had the highest net debt-to-EBITDA ratio by the end of 2Q16.
How EQM, AM, CNNX, and RMP Benefit from Strong Marcellus Focus
EQT Midstream Partners, Antero Midstream Partners, Cone Midstream Partners, and Rice Midstream Partners all have a significant presence in Marcellus.
Why Western Gas Is Likely to Meet Its Distribution Targets
Western Gas Partners’ (WES) distributable cash flow for 2Q16 was $199.3 million compared to $211.7 million in the second quarter of 2015, a YoY fall of 5.9%.
How Summit Midstream’s Stock Has Performed in 2016 So Far
Summit Midstream’s 2Q16 adjusted EBITDA rose to $142.4 million from $123.5 million in 2Q15, a year-over-year increase of 15.3%.
A Look into Western Gas Partners’ Volatility before 2Q16 Earnings
Western Gas Partners’ (WES) implied volatility has fallen significantly after increasing to over 91.9% in the beginning of 2016.
Understanding Rice Midstream’s Cash Flow Measures
Rice Midstream Partners’ (RMP) distributable cash flow for 1Q16 was $38.4 million, as compared to $10.9 million in the first quarter of 2015.
How Do EQT Midstream and Boardwalk Stand Compared to Peers?
EQT Midstream’s forward EV-to-EBITDA multiple of 11.3x is lower than the peer average of 11.9x. Its leverage of 1.3x is the lowest among the peer group.
Why Rice Midstream Is the Best-Performing MLP among Its Peers
In this series, we’ll perform a comparative analysis of four small to mid-size gathering MLPs. We’ll examine Rice Midstream Partners (RMP), Antero Midstream Partners (AM), Cone Midstream Partners (CNNX), and Summit Midstream Partners (SMLP).
Did EQT Midstream Partners Beat Earnings Estimates in 1Q16?
EQT Midstream Partners (EQM) declared a distribution of $0.75 per unit for 1Q16. This represents a 22.0% increase over 1Q15.
Where Does Antero Midstream Stand Compared to Its Peers?
Antero Midstream Partners is the third-largest company in its peer group by enterprise value, preceded by EQT Midstream Partners and Western Gas Partners.
Why Antero Midstream Outperformed AMLP
Antero Midstream Partners is a midstream energy MLP formed by Antero Resources in March 2014 to provide natural gas gathering and compression services.
$750 Million Dropdown from Anadarko: Will Western Gas Benefit?
Western Gas Partners (WES) announced the acquisition of 100% interest in Springfield Pipeline from its sponsor, Anadarko Petroleum (APC), for $750 million.
Analysis of EQT Midstream’s Segment-Wise Operating Performance
EQT Midstream Partners (EQM) operates through two segments—gathering, and transmission and storage.
JP Energy Partners: Top Midstream MLP Loser on November 2
JP Energy Partners (JPEP) was the top loser among midstream MLPs at the end of trading on Monday, November 2. It fell 5.9%.
Why EQT Midstream Partners Underperformed Its Sponsor
EQT Midstream Partners is a midstream MLP involved in natural gas gathering, transmission, and storage services in the Appalachian Basin.
Summit Midstream Partners: Midstream MLP Leader on October 9
Summit Midstream Partners (SMLP) was the top gainer among midstream MLPs (master limited partnerships) at the end of trading on Friday, October 9. SMLP rose 5.1% on Friday.
Midcoast Energy: Worst Midstream MLP Performer on September 29
Midcoast Energy Partners (MEP) was the worst performer among midstream MLPs at the end of trading on Tuesday, September 29. It fell 13.15%.
Antero Midstream Rose on Dropdown Acquisitioin Annoucement
Antero Midstream Partners (AM) was the top gainer among midstream MLPs at the end of trading on Friday, September 18. It rose 3.65%.
Western Gas and Antero Midstream Underperformed AMLP
Western Gas Partners and Antero Midstream Partners underperformed AMLP by 4.14 percentage points and 2.24 percentage points in term of the YTD returns.
Holly Energy Partners: Best Midstream MLP Performer on August 24
Holly Energy Partners (HEP) was the best performer among midstream MLPs at the end of trading on Monday, August 24. It rose 1.77% yesterday.
Antero Midstream Partners: Top Midstream MLP Gainer on August 20
Antero Midstream Partners (AM) was the top gainer among midstream MLPs at the end of trading on August 20. It rose 2.07% in a single trading session.