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  "documentTitle": "Tudor, Pickering, Holt & Co | Investment Banking Pitch Book | 60 slides",
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  "authorName": "Tudor, Pickering, Holt & Co",
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  "presentationDate": "2018-10-01 00:00:00",
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  "notes": "The table includes specific financial metrics like Unit Price, Equity Value, TEV, Distribution Yield, Growth CAGR, and valuation multiples (Equity Value/DCF and EV/EBITDA).",
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      "text": "Source: FactSet as of 10/5/2018 and Wall Street research. Note: Assumes AMGP share price of $17.58 for offer / AM Proposal metrics.",
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      "text": "(1) For C-corps, CAGR calculated using Q4 2017 dividend annualized and 2020E dividend. (2) Calculated as equity value to LP DCF. (3) DCF calculated as EBITDA less interest expense and maintenance capital. (4) Defined as high-growth MLP if current - 2020E distribution growth CAGR is greater than 10%.",
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      "kind": "title",
      "text": "PF AMGP Selected Public Trading Comparables",
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      "kind": "title",
      "text": "Midstream C-Corps & High - Growth MLPs",
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