Why Antero Midstream Stock Plunged 32% in 2019
Antero Midstream (NYSE: AM) entered 2019 with high expectations. The energy specialist agreed to consolidate its two master limited partnerships (MLPs) into one corporation, which it thought would reduce costs and fuel high-octane dividend growth. Instead, it struggled to deliver on its promises last year.
As a result, shares of the midstream company fell 32.1% in 2019, according to data provided by S&P Global Market Intelligence. Even after adding in its high-yielding dividend, the total return was a negative 24.5%. That significantly underperformed the red-hot S&P 500, which produced a 31.5% total return in 2019.
Here's a look back at what caused Antero Midstream to slump so badly last year.
Source Fool.com
