Seeking Alpha

Antero Midstream Partners (AM)

  • Wed, Apr. 29, 5:42 PM
    • Antero Midstream (NYSE:AM): Q1 EPS of $0.10 misses by $0.01.
    • Revenue of $52M (+333.3% Y/Y) beats by $8.75M.
    • Press Release
    | 1 Comment
  • Thu, Feb. 26, 3:21 PM
    • Antero Resources (AR -1.6%) is lower despite beating expectations for Q4 earnings and revenues.
    • AR says it plans to spend $1.6B during 2015 for drilling and completion activities in the Marcellus and Utica shale plays, down 36% Y/Y; the budget excludes the $425M-$450M planned for Antero Midstream Partners (AM +1%) relating to high- and low-pressure gathering pipelines and compressor stations.
    • CEO Paul Rady says he is optimistic about the potential for AR's 179K net acres in a Utica deep, dry gas window in West Virginia and Pennsylvania.
    • AR's Q4 total production rose 87% Y/Y and 17% Q/Q to 1.265B cfe/day, and liquids production jumped 172% Y/Y and 22% Q/Q to ~30.5K bbl/day.
    | Comment!
  • Wed, Feb. 25, 5:10 PM
    • Antero Midstream (NYSE:AM): Q4 Net income of $16.8M.
    • Revenue of $95.75M (+328.2% Y/Y).
    • Press Release
    | Comment!
  • Mon, Feb. 2, 4:45 PM
    • Antero Midstream Partners (NYSE:AM) declares pro-rata distribution of $0.0943/share (0.17/share quarterly distribution).
    • Forward yield 2.82%
    • Payable Feb. 27; for shareholders of record Feb. 13; ex-div Feb. 11.
    | Comment!
  • Tue, Jan. 20, 4:38 PM
    • Antero Resources (NYSE:AR) says it plans a 2015 capital budget of $1.8B, a 41% reduction from 2014's $3.05B capital budget, with a 2015 dilling and completion budget of $1.6B, down 33% Y/Y.
    • AR plans to operate an average of 14 drilling rigs between the Marcellus and Utica Shale plays in 2015, down from 21 at year-end 2014, but forecasts a 40% increase in net daily production to 1.4B cfe/day.
    • Antero Midstream Partners (NYSE:AM) plans a 2015 capital budget of $425M-$450M, which includes $250M-$260M on gathering infrastructure in the Marcellus and Utica shale plays; estimates distributable cash flow of $135M-$145M with a 1.1x to 1.2x DCF coverage ratio.
    | Comment!
  • Dec. 10, 2014, 7:15 PM
    • Some energy limited partnerships - pipeline operators or wholesale distributors, with less risky business models than oil E&P companies - have escaped much of the carnage in energy stocks and may make attractive investments, MarketWatch's Philip Van Doorn writes.
    • These 12 energy LPs, most of which fell today amid the energy sector rout, actually have posted gains since Nov. 1: TCP, EEQ, EEP, DM, BPL, SHLX, SGU, BIP, SRLP, APU, SEP, SPH.
    • Credit Suisse analyst John Edwards recently said many energy LPs look oversold; his top picks in the sector include EEP as well as NGLS, GEL, OKS, CNNX, PAA, BWP and AM.
  • Nov. 28, 2014, 10:20 AM
    • Virtually every company related to oil is taking hit after OPEC decides to maintain production. Pipeline firms are down 1 - 10%.
    • Representative tickers: (AM -3.7%)(BPL -2.8%)(DM -5.2%)(DPM -3.3%)(ENB -3.9%)(EPB)(ETE -6%)(ETP -2.8%)(PAA -4.1%)(MMP -2.8%)(OKS -3%)(WGP -3.5%)
  • Nov. 5, 2014, 12:58 PM
    • Antero Midstream Partners (AM +16.5%), the partnership formed by Antero Resources (AR +1.4%), is trading near $30/unit in its trading debut after pricing its IPO at $25 yesterday, well above the $19-$21 expected price range and raising $1B in total gross proceeds.
    • The IPO comes just a week after Shell Midstream Partners raised $1.06B, making it the largest MLP IPO on record, but the Antero deal would surpass the figure as underwriters exercise an option to sell additional shares.
    • AM owns pipelines and compressor stations in the core of the Marcellus Shale in northwest Virginia and Utica Shale in southern Ohio, and provides services to AR under long-term, fixed-fee contracts.
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Company Description
Antero Midstream Partners LP is engaged in providing midstream services to Antero under a long term, fixed-fee contract. It assets consist of gathering pipelines and compressor stations.
Country: United States