 |
 Video: What is a Stock Split?
|
|
|
| Antero Midstream is a a holding company. Through its subsidiary, Antero Midstream Partners GP LLC, Co. owns, operates and develops midstream energy infrastructure primarily to service Antero Resources Corp. and its production and completion activity in the Appalachian Basin's Marcellus Shale and Utica Shale located in West Virginia and Ohio. Co.'s assets consist of gathering pipelines, compressor stations, and interests in processing and fractionation plants that collect and process production from Marcellus and Utica Shales in West Virginia and Ohio. Co.'s assets also include fresh water delivery systems that deliver fresh water from the Ohio River and several regional waterways. According to our AM split history records, Antero Midstream has had 1 split. |
|
|
Antero Midstream (AM) has 1 split in our AM split history database. The split for AM took place on September 13, 1993. This was a 2 for 1
split, meaning for each share of AM owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as Antero Midstream splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the AM split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Antero Midstream shares, starting with a $10,000 purchase of AM, presented on a split-history-adjusted basis factoring in the complete AM split history.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
05/04/2017 |
|
| End date: |
04/01/2020 |
|
| Start price/share: |
$22.00 |
|
| End price/share: |
$2.05 |
|
| Starting shares: |
454.55 |
|
| Ending shares: |
554.51 |
|
| Dividends reinvested/share: |
$1.93 |
|
| Total return: |
-88.63% |
|
| Average Annual Total Return: |
-52.60% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$1,137.00 |
|
| Years: |
2.91 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
05/04/2017 |
|
| End date: |
04/01/2020 |
|
| Start price/share: |
$22.00 |
|
| End price/share: |
$2.05 |
|
| Dividends collected/share: |
$1.93 |
|
| Total return: |
-81.91% |
|
| Average Annual Total Return: |
-44.41% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$1,808.62 |
|
| Years: |
2.91 |
|
|
|
| Date |
Ratio |
| 09/13/1993 | 2 for 1
|
|
|
