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  "documentTitle": "Antero Midstream Partners | Mergers and Acquisitions Presentation Deck | 34 slides",
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  "presentationDate": "2018-02-01 00:00:00",
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  "notes": "The slide uses a numbered list to present valuation arguments including yield, growth rates, DDM, IRR, and EBITDA multiples.",
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      "text": "1. EQGP trades at a ~4.6% 2018 yield with a ~20% 2-year forward growth rate. Pro forma, AMGP will have a ~38% growth rate and would need a ~4.6% yield to hold its current price\n2. 5 year dividend discount model with 10% cost of equity implies an ~12.1% terminal yield to support current price; 8.0% terminal yield implies share price of $23.03\n3. Maintaining 3-year IRR would suggest a pro forma share price of $24.40\n4. Correlation of yield vs. growth would suggest a pro forma share price greater than ~$33\n5. Pro forma 2019E EBITDA multiple of 12.0x in-line with key peers",
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      "kind": "title",
      "text": "Support For AMGP Trading Level",
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