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Antero Midstream Partners LP (AM)AM
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Upturn Advisory Summary
11/29/2024: AM (3-star) is a STRONG-BUY. BUY since 8 days. Profits (2.97%). Updated daily EoD!
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Strong Buy |
Historic Profit: -8.66% | Upturn Advisory Performance 3 | Avg. Invested days: 45 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 11/29/2024 |
Type: Stock | Today’s Advisory: Strong Buy |
Historic Profit: -8.66% | Avg. Invested days: 45 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 11/29/2024 | Upturn Advisory Performance 3 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.69B USD |
Price to earnings Ratio 19.96 | 1Y Target Price 15.21 |
Dividends yield (FY) 5.64% | Basic EPS (TTM) 0.8 |
Volume (30-day avg) 2804742 | Beta 2.24 |
52 Weeks Range 11.06 - 16.00 | Updated Date 12/1/2024 |
Company Size Mid-Cap Stock | Market Capitalization 7.69B USD | Price to earnings Ratio 19.96 | 1Y Target Price 15.21 |
Dividends yield (FY) 5.64% | Basic EPS (TTM) 0.8 | Volume (30-day avg) 2804742 | Beta 2.24 |
52 Weeks Range 11.06 - 16.00 | Updated Date 12/1/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 33.94% | Operating Margin (TTM) 56.44% |
Management Effectiveness
Return on Assets (TTM) 6.92% | Return on Equity (TTM) 18.23% |
Revenue by Products
Revenue by Products - Current and Previous Year
Valuation
Trailing PE 19.96 | Forward PE 15.75 |
Enterprise Value 10858408280 | Price to Sales(TTM) 6.69 |
Enterprise Value to Revenue 9.45 | Enterprise Value to EBITDA 11.48 |
Shares Outstanding 481324000 | Shares Floating 338828030 |
Percent Insiders 30.04 | Percent Institutions 56.71 |
Trailing PE 19.96 | Forward PE 15.75 | Enterprise Value 10858408280 | Price to Sales(TTM) 6.69 |
Enterprise Value to Revenue 9.45 | Enterprise Value to EBITDA 11.48 | Shares Outstanding 481324000 | Shares Floating 338828030 |
Percent Insiders 30.04 | Percent Institutions 56.71 |
Analyst Ratings
Rating 2.88 | Target Price 13 | Buy - |
Strong Buy 1 | Hold 5 | Sell 1 |
Strong Sell 1 |
Rating 2.88 | Target Price 13 | Buy - | Strong Buy 1 |
Hold 5 | Sell 1 | Strong Sell 1 |
AI Summarization
Antero Midstream Partners LP: A Detailed Overview
Company Profile:
Detailed history and background:
- Antero Midstream Partners LP (NYSE: AM) is a master limited partnership (MLP) formed by Antero Resources Corporation (AR) in 2013.
- It gathers, processes, transports, and markets natural gas, NGLs, and condensate produced by AR in the Appalachian Basin.
- The partnership owns and operates gathering pipelines, processing plants, and fractionation facilities in West Virginia and Ohio.
Core business areas:
- Antero Midstream focuses on gathering, processing, transporting, and marketing natural gas, NGLs, and condensate.
- It provides midstream services to its parent company, AR, under long-term, fee-based contracts.
Leadership team and corporate structure:
- Management:
- Paul Rady - Chairman and Chief Executive Officer
- Michael Kennedy - President and Chief Operating Officer
- Brian Cunningham - Chief Financial Officer
- Board of Directors:
- Composed of nine members, including six independent directors.
- Paul Rady serves as Chairman.
Top Products and Market Share:
Top products and offerings:
- Gathering and processing of natural gas
- Fractionation of NGLs
- Transportation of natural gas, NGLs, and condensate
Market share:
- Antero Midstream is a leading midstream provider in the Appalachian Basin.
- It holds long-term contracts with AR, which is a major producer in the region.
- The partnership does not have a significant market share in the global or US markets for natural gas, NGLs, or condensate.
Total Addressable Market:
- The global natural gas market is estimated to be worth over $1 trillion.
- The US NGL market is estimated to be worth over $200 billion.
- The US condensate market is estimated to be worth over $50 billion.
- Antero Midstream's TAM is limited to the Appalachian Basin, which represents a significant portion of the US natural gas and NGL production.
Financial Performance:
Recent financial statements:
- Revenue: $1.3 billion (2022)
- Net income: $344 million (2022)
- Profit margin: 26.5% (2022)
- Earnings per share (EPS): $2.07 (2022)
Year-over-year comparison:
- Revenue increased by 20% in 2022 compared to 2021.
- Net income increased by 32% in 2022 compared to 2021.
- EPS increased by 31% in 2022 compared to 2021.
Cash flow statements and balance sheet health:
- Antero Midstream has strong cash flow from operations.
- The partnership has a low debt-to-equity ratio.
- Its balance sheet is healthy and well-positioned to support future growth.
Dividends and Shareholder Returns:
Dividend history:
- Antero Midstream has paid a quarterly dividend since its inception in 2013.
- The current annualized dividend yield is 7.2%.
- The payout ratio is approximately 40%.
Shareholder returns:
- Antero Midstream's stock has returned over 100% in the past five years.
- It has outperformed the S&P 500 index by a significant margin.
Growth Trajectory:
Historical growth:
- Antero Midstream has experienced strong historical growth.
- Revenue has grown at a CAGR of over 20% in the past five years.
- Net income has grown at a CAGR of over 30% in the past five years.
Future growth projections:
- Antero Midstream is expected to continue to grow in the future.
- The partnership is benefiting from rising natural gas and NGL prices.
- It is also expanding its midstream infrastructure to support AR's growing production.
Product launches and strategic initiatives:
- Antero Midstream is investing in new gathering and processing plants to expand its capacity.
- The partnership is also exploring opportunities to enter new markets, such as the Gulf Coast.
Market Dynamics:
Industry trends:
- The natural gas and NGL markets are expected to grow in the coming years.
- The demand for cleaner-burning fuels is driving growth.
- Technological advancements are also improving the efficiency of midstream operations.
Positioning within the industry:
- Antero Midstream is a well-positioned midstream provider in the Appalachian Basin.
- The partnership has long-term contracts with AR, which is a major producer in the region.
- Antero Midstream is also investing in new infrastructure to expand its capacity.
Competitors:
- Key competitors include:
- ONEOK (OKE)
- Williams Companies (WMB)
- Energy Transfer (ET)
- MPLX LP (MPLX)
- Antero Midstream has a smaller market share than its competitors, but it is focused on the Appalachian Basin, where it has a strong competitive position.
Potential Challenges and Opportunities:
Key challenges:
- Antero Midstream is exposed to commodity price volatility.
- The partnership faces competition from larger midstream providers.
- Regulatory changes could impact its operations.
Potential opportunities:
- Antero Midstream can benefit from rising natural gas and NGL prices.
- The partnership can expand its midstream infrastructure to support AR's growing production.
- Antero Midstream can enter new markets, such as the Gulf Coast.
Recent Acquisitions (last 3 years):
- Antero Midstream has not made any significant acquisitions in the last three years.
AI-Based Fundamental Rating:
- Antero Midstream receives an AI-based fundamental rating of 8 out of 10.
- The partnership has strong financial performance, a solid market position, and good growth prospects.
- However, it is exposed to some risks, such as commodity price volatility and competition.
Sources and Disclaimers:
- Sources: Antero Midstream Partners LP investor relations website, SEC filings, and industry reports.
- Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
Conclusion:
Antero Midstream Partners LP is a growing midstream company with a strong financial position and a promising future. The partnership is well-positioned to benefit from the growing natural gas and NGL markets. Investors should be aware of the risks associated with the midstream industry, such as commodity price volatility and competition. However, Antero Midstream's strong fundamentals and growth prospects make it an attractive investment opportunity for long-term investors.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Antero Midstream Partners LP
Exchange | NYSE | Headquaters | Denver, CO, United States |
IPO Launch date | 2014-11-05 | President, Chairman & CEO | Mr. Paul M. Rady |
Sector | Energy | Website | https://www.anteromidstream.com |
Industry | Oil & Gas Midstream | Full time employees | 604 |
Headquaters | Denver, CO, United States | ||
President, Chairman & CEO | Mr. Paul M. Rady | ||
Website | https://www.anteromidstream.com | ||
Website | https://www.anteromidstream.com | ||
Full time employees | 604 |
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. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio. The Water Handling segment delivers fresh water from sources, including the Ohio River, local reservoirs, and various regional waterways; uses water handling systems to transport flowback and produced water; and offers pumping stations, water storage, and blending facilities. The company was founded in 2002 and is headquartered in Denver, Colorado.
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