Crestwood Equity Partners LP - Unit

NYSE:CEQP  
27.77
+0.27 (+0.98%)
Debt Financing / Related

Antero Midstream Agrees To Acquire Bolt-On Marcellus Gathering And Compression System

Published: 09/12/2022 21:39 GMT
(CEQP) - Antero Midstream Agrees to Acquire Bolt-on Marcellus Gathering and Compression System.
Antero Midstream Corp - to Acquire Marcellus Shale Gas Gathering and Compression Assets From Crestwood Equity Partners for $205 Million in Cash.
Antero Midstream Corp Says Transaction Estimated to Be More Than 10% Accretive to Free Cash Flow After Dividends Through 2026.
Antero Midstream Corp Says Transaction Increases Antero Midstream's Compression Capacity by 20% and Gathering Pipeline Mileage by 15%.
Antero Midstream Corp- Transaction Will Be Financed With Borrowings Under Antero Midstream's Revolving Credit Facility.
Antero Midstream Corp Says Transaction Multiple of About 6x Next Twelve Months Estimated Adjusted EBITDA, Excluding Synergies.