Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Antero Midstream reported its third quarter 2024 earnings with a focus on strategic capital allocation and operational effectiveness, particularly at Antero Resources, its primary customer and stakeholder.</li><li>The company emphasized its capital expenditure management, noting that $56 million was spent in the third quarter, accounting for 35% of its full year budget.</li><li>This expenditure was mainly due to accelerated project schedules benefiting from favorable weather conditions, leading to a substantial reduction anticipated in the fourth quarter.</li></ul>

Antero Midstream reported its third quarter 2024 earnings with a focus on strategic capital allocation and operational effectiveness, particularly at Antero Resources, its primary customer and stakeholder.The company emphasized its capital expenditure management, noting that $56 million was spent in the third quarter, accounting for 35% of its full year budget.This expenditure was mainly due to accelerated project schedules benefiting from favorable weather conditions, leading to a substantial reduction anticipated in the fourth quarter.

Antero Midstream Corporation: How Are They Leveraging International Market Dynamics To Grow? - Major Drivers

<ul><li>Antero Midstream Corporation recently reported its second quarter earnings for the fiscal year 2024.</li><li>The company’s investment appeal is largely anchored in its strategic growth initiatives, including bolt-on acquisitions and enhanced credit metrics.</li><li>The second quarter saw a continued focus on accretive acquisitions, a disciplined approach to capital management, and an emphasis on maintaining low leverage.</li></ul>

Antero Midstream Corporation recently reported its second quarter earnings for the fiscal year 2024.The company’s investment appeal is largely anchored in its strategic growth initiatives, including bolt-on acquisitions and enhanced credit metrics.The second quarter saw a continued focus on accretive acquisitions, a disciplined approach to capital management, and an emphasis on maintaining low leverage.

Antero Midstream Corporation: Leveraging Low Breakeven Prices But Is It Really Boosting Profits? - Major Drivers

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

<ul><li>Low natural gas prices benefit AM and AR due to their low-cost structure and hedging program</li><li>AR has improved its financial position by reducing debt and improving liquidity</li><li>AM's partnership with AR provides stability and growth potential, making it an attractive investment option for investors looking for dividend yield and capital appreciation.</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

Low natural gas prices benefit AM and AR due to their low-cost structure and hedging programAR has improved its financial position by reducing debt and improving liquidityAM's partnership with AR provides stability and growth potential, making it an attractive investment option for investors looking for dividend yield and capital appreciation.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Antero Midstream Corp (AM) - Wednesday, May 1, 2024

<ul><li>Antero Midstream reported a robust performance in the first quarter of 2024, characterized by operational achievements and financial growth that suggest a stable and improving trajectory for the company.</li><li>During this period, significant capital projects were completed, operational efficiencies were realized, especially in the water business, and there were notable enhancements in natural gas and liquids transportation capacities that align with future throughput growth projections.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Antero Midstream reported a robust performance in the first quarter of 2024, characterized by operational achievements and financial growth that suggest a stable and improving trajectory for the company.During this period, significant capital projects were completed, operational efficiencies were realized, especially in the water business, and there were notable enhancements in natural gas and liquids transportation capacities that align with future throughput growth projections.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Antero Midstream Corporation: Why Are We Pessimistic Despite The Favorable Natural Gas Market Conditions? - Major Drivers

<ul><li>Antero Midstream's 2023 performance has been analytically described as financially and operationally successful, with record EBITDA earnings of $981 million and an 18% return on invested capital.</li><li>Since the Initial Public Offering in 2014, EBITDA has shown robust growth, with an 18% compound annual growth rate, reflecting the company’s high-quality assets and operational success.</li><li>The 2024 EBITDA is expected to reach an estimated midpoint of $1.04 billion from Antero Resources’ maintenance capital program.</li></ul>

Antero Midstream's 2023 performance has been analytically described as financially and operationally successful, with record EBITDA earnings of $981 million and an 18% return on invested capital.Since the Initial Public Offering in 2014, EBITDA has shown robust growth, with an 18% compound annual growth rate, reflecting the company’s high-quality assets and operational success.The 2024 EBITDA is expected to reach an estimated midpoint of $1.04 billion from Antero Resources’ maintenance capital program.

Antero Midstream Corporation: Initiation Of Coverage - Can It Really Have Sustained Earnings in the Coming Years? - Major Drivers

United States

Antero Midstream Corporation owns, operates, and develops midstream energy assets. The Company offers gathering and compressions, water distribution, clearwater facility, fractionation, and pipeline safety services. Antero Midstream serves customers in the United States.

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Antero Midstream Corp (AM US)

Antero Midstream Corporation: How Are They Leveraging International Market Dynamics To Grow? - Major Drivers

Antero Midstream reported its third quarter 2024 earnings with a focus on strategic capital allocation and operational effectiveness, particularly...

Baptista Research

Antero Midstream Corporation: Leveraging Low Breakeven Prices But Is It Really Boosting Profits? - Major Drivers

Antero Midstream Corporation recently reported its second quarter earnings for the fiscal year 2024. The company’s investment appeal is largely...

Baptista Research

Antero Midstream Corp (AM) - Wednesday, May 1, 2024

Low natural gas prices benefit AM and AR due to their low-cost structure and hedging program. AR has improved its financial position by reducing...

Value Investors Club

Antero Midstream Corporation: Why Are We Pessimistic Despite The Favorable Natural Gas Market Conditions? - Major Drivers

Antero Midstream reported a robust performance in the first quarter of 2024, characterized by operational achievements and financial growth that...

Baptista Research

Antero Midstream Corporation: Initiation Of Coverage - Can It Really Have Sustained Earnings in the Coming Years? - Major Drivers

Antero Midstream's 2023 performance has been analytically described as financially and operationally successful, with record EBITDA earnings of...

Baptista Research

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