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  "documentTitle": "Baird | Investment Banking Pitch Book | 35 slides",
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  "presentationDate": "2018-04-01 00:00:00",
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  "notes": "The chart uses an exponential regression model to illustrate valuation dislocation.",
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      "kind": "callout",
      "text": "AMGP Implied Yield: 1.3% @ Mgmt. Growth Target",
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      "text": "AM Implied Yield: 3.5% @ Mgmt. Growth Target",
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      "text": "AM Yield Today: 5.4%",
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      "text": "AMGP Yield Today: 1.7%",
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      "text": "Scatter plot of Current Yield vs 3-year Distribution CAGR with exponential regression line",
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      "text": "Source: S&P Capital IQ as of April 17, 2018. (1) Includes: ANDX, BKEP, BPL, BPMP, CEQP, CNNX, DCP, DKL, DM, EEP, ENBL, ENLC, ENLK, EPD, EQGP, EQM, ETE, ETP, GEL, GLP, HEP, HESM, MMLP, MMP, MPLX, NBLX, OMP, PAA, PSXP, RMP, SEP, SHLX, SMLP, SRLP, TCP, TLP, TRGP, VLP, WES, WGP and WPZ. (2) Represents 2018E – 2021E distribution growth CAGR per Wall Street consensus estimates.",
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      "text": "Midstream and GP MLPs; Regression (Midstream and GP MLPs)",
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      "kind": "subtitle",
      "text": "Current yield vs. 3-year distribution CAGR",
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      "text": "AM / AMGP VALUATION DISLOCATION",
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