Antero Midstream Climbs to 8th in WSB Rankings Despite Stock Dip and Morgan Stanley's Underweight Rating
Generated by AI AgentStock Spotlight
Wednesday, Sep 4, 2024 7:02 am ET1min read
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Antero Midstream in the latest WSB rankings is at the 8th position, up 11 spots from yesterday.
Antero Midstream (AM) fell by 2.08%.
Morgan Stanley maintained Antero Midstream’s rating at Underweight on August 27, with a new target price of $16.00.
Antero Midstream released its mid-year 2024 report on July 31. As of June 30, 2024, the company reported revenues of $549 million, reflecting a year-over-year increase of 6%. Net income stood at $190 million, with basic earnings per share of $0.39.
Antero Midstream Corporation, formerly Antero Resources Midstream Management LLC, was registered as a limited liability company on September 23, 2013. It is a Delaware limited partnership and is taxed as a corporation under U.S. federal income tax laws. Antero Midstream Partners LP (NYSE: AM) is its principal business entity, and the company holds all Incentive Distribution Rights (IDRs) in AM. Its primary objective is to execute its business strategies through AM to maximize cash distributions to shareholders. The revenue is primarily generated from cash distributions received from AM, through its interests in IDR LLC, unless the company directly acquires and holds assets or businesses in the future.
Antero Midstream Partners LP was established by Antero Resources Corporation. The company owns, operates, and develops midstream energy infrastructure to support Antero Resources' operations in the Appalachian Basin, primarily focusing on the Marcellus and Utica Shales located in West Virginia and Ohio. The company operates across two segments: the Gathering and Processing segment, which entails a network of gathering pipelines, compressor stations, and processing facilities for natural gas, NGLs, and oil; and the Water Handling and Treatment segment, which comprises systems that deliver freshwater from the Ohio River, local reservoirs, and several regional waterways.
The information provided is compiled from public sources and does not constitute investment advice.
Antero Midstream (AM) fell by 2.08%.
Morgan Stanley maintained Antero Midstream’s rating at Underweight on August 27, with a new target price of $16.00.
Antero Midstream released its mid-year 2024 report on July 31. As of June 30, 2024, the company reported revenues of $549 million, reflecting a year-over-year increase of 6%. Net income stood at $190 million, with basic earnings per share of $0.39.
Antero Midstream Corporation, formerly Antero Resources Midstream Management LLC, was registered as a limited liability company on September 23, 2013. It is a Delaware limited partnership and is taxed as a corporation under U.S. federal income tax laws. Antero Midstream Partners LP (NYSE: AM) is its principal business entity, and the company holds all Incentive Distribution Rights (IDRs) in AM. Its primary objective is to execute its business strategies through AM to maximize cash distributions to shareholders. The revenue is primarily generated from cash distributions received from AM, through its interests in IDR LLC, unless the company directly acquires and holds assets or businesses in the future.
Antero Midstream Partners LP was established by Antero Resources Corporation. The company owns, operates, and develops midstream energy infrastructure to support Antero Resources' operations in the Appalachian Basin, primarily focusing on the Marcellus and Utica Shales located in West Virginia and Ohio. The company operates across two segments: the Gathering and Processing segment, which entails a network of gathering pipelines, compressor stations, and processing facilities for natural gas, NGLs, and oil; and the Water Handling and Treatment segment, which comprises systems that deliver freshwater from the Ohio River, local reservoirs, and several regional waterways.
The information provided is compiled from public sources and does not constitute investment advice.
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