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  "documentTitle": "Tudor, Pickering, Holt & Co | Investment Banking Pitch Book | 45 slides",
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  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2018-08-01 00:00:00",
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  "density": "balanced",
  "nDataPoints": 30,
  "notes": "The chart categorizes companies into E&P Sponsored (orange) and High-Growth MLPs and Midstream C-Corps (blue).",
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      "kind": "callout",
      "text": "CONFIDENTIAL DRAFT SUBJECT TO CHANGE",
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      "text": "Net Debt / 2018E EBITDA and Net Debt / 2019E EBITDA for various companies compared to peer medians.",
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      "text": "Source: Company filings, company management, FactSet as of 8/10/18. (1) Assumes Net Debt at time of transaction and includes cash consideration of $3.84 per AM Unit outstanding. 2018E and 2019E EBITDA for AM calculated at management projections.",
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      "text": "Net Debt / 2018E EBITDA, Net Debt / 2019E EBITDA, 2018E Peer Median, 2019E Peer Median, E&P Sponsored, High-Growth MLPs and Midstream C-Corps",
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      "kind": "title",
      "text": "Leverage Metrics: AM vs. Peers as of June 30, 2018",
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      "evidence": "The document concludes with an analysis of leverage metrics and a research perspective on the transaction.",
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