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  "documentTitle": "Antero Midstream Partners | Mergers and Acquisitions Presentation Deck | 21 slides",
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  "presentationDate": "2018-08-01 00:00:00",
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  "notes": "Includes two bar charts showing market reaction (1-day and 2-day) for ETE and ETP, alongside Moody's commentary and a pro forma financial table.",
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      "text": "Market reaction for ETE and ETP",
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      "kind": "quote",
      "text": "From the perspective of the consolidated credit profile, the acquisition of ETP in an all equity transaction will reduce structural complexity...",
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      "text": "Moody's affirms ETP at Baa3, negative outlook (8/2/18). This simplification transaction... will relieve ETP of the growing IDR burden...",
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      "text": "Source: FactSet as of 8/1/18, broker research, investor presentation, press release. ETE peers include WGP, EQGP, AMGP, ENLC; Alerian MLP Index; ETP peers include ENB, TRP, WPZ, EPD, KMI, PAA; Assumes AMGP acquires AM at 1.68x exchange ratio + $1.92 in cash consideration per AM unit",
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      "text": "Pro forma metrics table comparing Standalone, Pro forma, and AMGP pro forma",
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      "text": "ETE / ETP simplification case study",
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