Downgrades Buy Neutral X

AMGP Antero Midstream GP

Seaport Global Securities

$26 $16

Initiated Hold X

AMGP Antero Midstream GP

Tudor Pickering

$22

AMGP  Antero Midstream GP LP Common Shares of Beneficial Interests

Antero Midstream GP LP, formerly Antero Resources Midstream Management LLC, owns, operates and develops midstream energy infrastructure. The Company’s segments include gathering and processing and water handling and treatment. The gathering and processing segment consist of long-term, fee-based activities including low-pressure gathering, compression, high-pressure gathering, processing, fractionation, and condensate gathering. The Company’s water handling and treatment segment consists of long-term fee based activities including fresh water delivery used in completion activity, and water handling services. The Company’s assets are located both in the southwestern core of the Marcellus Shale in northwest West Virginia and in the core of the Utica Shale in southern Ohio.