Ripple Effect Asset Management acquired 510,000 shares of Antero Midstream Corporation (NYSE: AM) valued at $9.91 million, as disclosed in their SEC filing on November 14. Their new stake represents 1.94% of their 13F reportable assets. Antero Midstream, which operates midstream energy infrastructure, saw its stock priced at $17.94 as of Friday, with a 16% increase over the past year. The company primarily serves natural gas producers in the Appalachian Basin, supporting Antero Resources in West Virginia and Ohio. The firm’s top holdings include VST, EQT, TLN, KGS, and XIFR, each valued at millions.

Antero Midstream’s third-quarter results show a 10% rise in adjusted EBITDA to $281 million and a doubling of free cash flow after dividends to $78 million. With leverage decreasing and share repurchases, the company is strengthening its financial position. The firm’s approach of combining common shares with put and call options indicates a strategic investment style, emphasizing protection and potential gains. This structure aligns with Antero Midstream’s reliable business model in the energy sector, focusing on efficient resource extraction.

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Read more at Yahoo Finance: Why This $10 Million Antero Midstream Position Isn’t Likely Just a Plain-Vanilla Yield Play