Altus Midstream Co.

Altus Midstream Co.

Altus Midstream Co.

Overview
Date Founded

2016

Headquarters

One Post Oak Central,2000 Post Oak Boulevard,Suite 100,Houston, TX 77056-4400

Type of Company

Public

Employees (Worldwide)

2

Industries

Oil & Gas

Company Description

Altus Midstream Co. engages in the ownership of gas gathering, processing, and transmission assets. It focuses on the Permian Basin of West Texas. The company was founded on December 12, 2016 and is headquartered in Houston, TX.

Executives & Employees

President & Chief Executive Officer

Executive Vice President & General Counsel

Senior Vice President, Chief Accounting Officer & Controller

Director & Vice President

Director & Vice President-Business Development

Vice President, Operations

Vice President-Engineering & Technology

Secretary

Board of Directors

Co-Founder at KA Fund Advisors LLC

Former Executive Vice President & Chief Financial Officer at El Paso Interim Corp.

Former President & Chief Executive Officer at DCP Midstream LP

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Owners & Shareholders
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Pinnacle Holdings creates customized portfolios for their clients. The firm's proprietary investment strategies include: (1) Tax-Exempt Bonds (2) Intermediate Bonds (3) Convertible High Yield (4) Blue Chip and (5) Small Cap Value.The Pinnacle Intermediate Bond strategy seeks to generate higher yields and total returns than are available with short-term bonds. The portfolio invests in investment grade corporate bonds in addition to a core holding of bonds issued by the US Treasury or Federal Agencies.Pinnacle Holdings' Tax-Exempt Bond strategy invests in investment grade municipal bonds with a core holding of bonds that are insured or escrowed and have an AAA/Aaa rating.The firm's Convertible High Yield strategy seeks to provide high total returns from income-producing securities with the potential for capital appreciation. The strategy invests in convertible corporate bonds and convertible preferred stocks of publicly-traded companies. Pinnacle Holdings includes publicly-traded MLPs in this strategy since they are high yield securities with growth potential. The firm also manages investments in MLPs on a separate account basis.The firm's Blue Chip investment strategy seeks to provide returns similar to the Dow Jones Industrials. This strategy has very low turnover and low transaction costs.Pinnacle Holdings' Small-Cap Value strategy seeks to provide returns consistent with the long-term historical average of small company stocks.

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Richmond Hill Investments purchases and sells publicly traded debt and equity securities and private debt and equity investments and invests in other financial instruments, on behalf of their clients. The firm invests with a focus on creating long-term value for clients and mitigating the risk of capital loss to the extent reasonably practicable. Richmond Hill makes opportunistic investments across multiple asset classes, while employing a research-intensive, analytic process. The firm seeks to achieve this goal by investing in any types of securities or other instruments, including without limitation equity, corporate debt, municipal or government securities, derivatives or any other type of security or other instrument.

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Pinnacle Holdings creates customized portfolios for their clients. The firm's proprietary investment strategies include: (1) Tax-Exempt Bonds (2) Intermediate Bonds (3) Convertible High Yield (4) Blue Chip and (5) Small Cap Value.The Pinnacle Intermediate Bond strategy seeks to generate higher yields and total returns than are available with short-term bonds. The portfolio invests in investment grade corporate bonds in addition to a core holding of bonds issued by the US Treasury or Federal Agencies.Pinnacle Holdings' Tax-Exempt Bond strategy invests in investment grade municipal bonds with a core holding of bonds that are insured or escrowed and have an AAA/Aaa rating.The firm's Convertible High Yield strategy seeks to provide high total returns from income-producing securities with the potential for capital appreciation. The strategy invests in convertible corporate bonds and convertible preferred stocks of publicly-traded companies. Pinnacle Holdings includes publicly-traded MLPs in this strategy since they are high yield securities with growth potential. The firm also manages investments in MLPs on a separate account basis.The firm's Blue Chip investment strategy seeks to provide returns similar to the Dow Jones Industrials. This strategy has very low turnover and low transaction costs.Pinnacle Holdings' Small-Cap Value strategy seeks to provide returns consistent with the long-term historical average of small company stocks.

Recent Transactions
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Altus Midstream Co. issued USD Units Consisting of Common Stock and Warrants

Transaction Advisors
Escrow Agent

Advised onAltus Midstream Co. issued USD Units Consisting of Common Stock and Warrants

Underwriter

Advised onAltus Midstream Co. issued USD Units Consisting of Common Stock and Warrants

Underwriter

Advised onAltus Midstream Co. issued USD Units Consisting of Common Stock and Warrants

Managing Director

Advised onAltus Midstream Co. issued USD Units Consisting of Common Stock and Warrants

Managing Director

Advised onAltus Midstream Co. issued USD Units Consisting of Common Stock and Warrants

Founder, Partner

Advised onAltus Midstream Co. issued USD Units Consisting of Common Stock and Warrants

Clients

Apache Corp. operates as an energy company, which engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company was founded by Truman Anderson, Raymond Plank, and Charles Arnao on December 6, 1954 and is headquartered in Houston, TX.

Key Stats and Financials As of 2020
Market Capitalization
$198M
Total Enterprise Value
$1.96B
Earnings Per Share
$0.42
Revenue
$148M
Net Profit
$1.59M
EBITDA
$79.2M
Total Debt
$624M
EBITDAMargin
53.37%
Total Equity
$937M
TEVNet Income
1,232.62x
Debt TEV
0.32x
Enterprise Value / Sales
13.21x
Enterprise Value EBITDAOperating
24.76x
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