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Stock impact report

Antero Midstream: Colorado Supreme Court Takes Up The Veolia Lawsuit Case [Seeking Alpha]

Antero Midstream Corporation (AM) 
Last antero midstream corporation earnings: 4/29 04:15 pm Check Earnings Report
Company Research Source: Seeking Alpha
It only granted 6% of petitions for certiorari last fiscal year, so this was unexpected. This results in significant uncertainty around the roughly $300 million in damages and costs that Antero was previously awarded. I have adjusted Antero's estimated value downward by $0.30 per share to account for that uncertainty, and now rate it as a "Hold." Antero's financial position remains strong and it recently issued new notes due 2033 at a 5.75% interest rate, similar to its existing notes. Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing. Learn More » Denis Shevchuk/iStock via Getty Images Antero Midstream's ( NYSE: AM ) general business outlook looks good, with a solid longer-term outlook for continued volume growth. However, there has been some negative news around the Veolia lawsuit situation, with Veolia's petition for certiorari being granted by the Colorado Supreme Court. More on my IG service Free Trial Offer We a Show less Read more
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