Added to YB: 2024-07-22
Pitch date: 2024-07-19
AM [bullish]
Antero Midstream Corporation
+31.59%
current return
Author Info
Stock Pitckers Journey is the retired Director and COO of the Prudent Bear Funds. Sign up for the newsletter.
Company Info
Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin.
Market Cap
$7.8B
Pitch Price
$13.68
Price Target
N/A
Dividend
5.51%
EV/EBITDA
11.14
P/E
19.67
EV/Sales
9.29
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Finding Nirvana? - Antero Midstream - AM
AM: Stable 6%+ yield stock. Collects tolls from sister co AR for gas/NGL processing. 20+ yr reserves, 3.1x EBITDA leverage. 70-80% earnings payout. More predictable than utilities (no regulators). Low-risk 'utility substitute' for cautious value investors. Benefits from LNG exports. Potential better 6% yield option vs NWN.
Read full article (2 min)