Altus Midstream Company owns gas gathering, processing, and transmission assets in the Permian Basin of West Texas. As of December 31, 2020, its assets included approximately 182 miles of in-service natural gas gathering, 46 miles of residue gas, and 38 miles of natural gas liquids (NGL) pipelines; three cryogenic processing trains; and an NGL truck loading terminal with six lease automatic custody transfer units and eight NGL bullet tanks. The company is based in Houston, Texas.
IPO Year: 2024
Exchange: NASDAQ
Website: altusmidstream.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/11/2024 | $5.85 | Sector Outperform → Sector Perform | Scotiabank |
9/3/2024 | $3.00 | Neutral | UBS |
8/22/2024 | $3.00 | Hold | Deutsche Bank |
6/27/2024 | $4.30 | Neutral | Goldman |
6/26/2024 | $4.00 | Outperform | RBC Capital Mkts |
5/3/2024 | $6.25 | Buy | Argus |
4/3/2024 | $9.00 | Outperform → Strong Buy | Raymond James |
3/1/2024 | Peer Perform | Wolfe Research | |
2/7/2024 | $4.50 | Underweight | Piper Sandler |
1/29/2024 | $5.00 | Neutral | JP Morgan |
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Scotiabank downgraded Arcadium Lithium from Sector Outperform to Sector Perform and set a new price target of $5.85
UBS initiated coverage of Arcadium Lithium with a rating of Neutral and set a new price target of $3.00
Deutsche Bank initiated coverage of Arcadium Lithium with a rating of Hold and set a new price target of $3.00
Goldman initiated coverage of Arcadium Lithium with a rating of Neutral and set a new price target of $4.30
RBC Capital Mkts initiated coverage of Arcadium Lithium with a rating of Outperform and set a new price target of $4.00
Argus initiated coverage of Arcadium Lithium with a rating of Buy and set a new price target of $6.25
Raymond James upgraded Arcadium Lithium from Outperform to Strong Buy and set a new price target of $9.00
Wolfe Research initiated coverage of Arcadium Lithium with a rating of Peer Perform
Piper Sandler initiated coverage of Arcadium Lithium with a rating of Underweight and set a new price target of $4.50
JP Morgan initiated coverage of Arcadium Lithium with a rating of Neutral and set a new price target of $5.00
HOUSTON, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Apache Corporation (“Apache”) (Nasdaq: APA) today announced that its Board of Directors authorized the company to create a holding company structure. Upon its formation, APA Corporation, the new holding company, will replace Apache Corporation as the public company trading on the Nasdaq stock exchange. Existing shares of Apache will be automatically converted, on a one-for-one basis, into shares of common stock of APA Corporation, which will retain the ticker symbol “APA”. The Board and the executive officers of Apache will continue in their same roles at the new company. APA Corporation will acquire the Suriname and Dominican Republic subsidiari
PHILADELPHIA and PERTH, Australia, Nov. 7, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE:ALTM, ASX: LTM, ", Arcadium Lithium", or the ", Company", )) today reported results for the third quarter of 2024. As a result of its pending acquisition by Rio Tinto, announced on October 9, 2024 (the "Transaction"), and as is customary during such transactions, Arcadium Lithium will not hold an earnings conference call in connection with its third quarter financial results. For the same reason, the Company has withdrawn its operating and financial guidance. For further detail and disc
PHILADELPHIA and PERTH, Australia, Oct. 23, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE:ALTM, ASX: LTM, ", Arcadium Lithium", ))) today announced it will release third quarter 2024 earnings results on Thursday, November 7, 2024, after stock market close via PR Newswire and the company's investor relations website at: https://ir.arcadiumlithium.com. As a result of its pending acquisition by Rio Tinto, and as is customary during such transactions, Arcadium Lithium will not hold an earnings conference call in connection with its third quarter financial results. Arcadium Lithi
World-class lithium business to strengthen Rio Tinto's position as global leader in energy transition commodities Counter-cyclical expansion into a high-growth market, aligned with Rio Tinto's long-term strategy and disciplined capital allocation framework Rio Tinto's scale, project development capabilities and financial strength to unlock full potential of Arcadium Lithium's Tier 1 resource base THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION Rio Tinto and
PHILADELPHIA and PERTH, Australia, Oct. 6, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE:ALTM, ASX: LTM, ", Arcadium Lithium", ))) today confirmed that it has been approached by Rio Tinto regarding a potential acquisition of Arcadium Lithium by Rio Tinto. The approach is non-binding and there is no certainty that any transaction will be agreed to or will proceed. Arcadium Lithium will not comment further unless and until there is news to share. Arcadium Lithium remains focused on executing its strategic vision and pathway to significant growth, as set forth in its recent Inv
PHILADELPHIA and PERTH, Australia, Sept. 19, 2024 /PRNewswire/ -- Underscores unique position as a vertically integrated, diversified global producer of lithium chemicals with low-cost and high-quality assetsDetails ongoing expansion programs expected to more than double total sales volumes by 2028 across multiple products and regionsOutlines path to Adjusted EBITDA1 of $1.3 billion by 2028 supported by strong and flexible balance sheet with peak net leverage of 2.1x1,2Reaffirms significant expansion potential of one of the largest and most diverse resource bases in the indust
PHILADELPHIA and PERTH, Australia, Sept. 4, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE:ALTM, ASX: LTM, ", Arcadium Lithium", ))) today announced that it will suspend Stage 4A waste stripping, and any expansionary investment beyond Stage 3, at its Mt Cattlin spodumene operation in Western Australia given the continued decline in spodumene prices. Additionally, the Company plans to place the Mt Cattlin site into Care & Maintenance after it completes Stage 3 mining and ore processing by the end of the first half of 2025. As a result of these decisions, the Company expects
PHILADELPHIA and PERTH, Australia, Sept. 4, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE:ALTM, ASX: LTM, ", Arcadium Lithium", ))) today published its 2023 Sustainability Report detailing the sustainability performance of its legacy entities Allkem Limited ("Allkem") and Livent Corporation ("Livent") in calendar year 2023. Paul Graves, president and chief executive officer, commented: "We are pleased to issue our first sustainability report as Arcadium Lithium following the merger of Allkem and Livent earlier this year. Arcadium Lithium brings together two companies with i
PHILADELPHIA and PERTH, Australia, Aug. 20, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE:ALTM, ASX: LTM, ", Arcadium Lithium", ))) will host an Investor Day in New York City on Thursday, September 19, 2024. The event will feature a series of presentations focused on Arcadium Lithium's long-term strategic objectives, growth opportunities and financial outlook, as well as question-and-answer sessions with members of Arcadium Lithium's senior leadership team including Paul Graves, president and chief executive officer, and Gilberto Antoniazzi, chief financial officer. Present
PHILADELPHIA and PERTH, Australia, Aug. 6, 2024 /PRNewswire/ -- Realized Average Pricing of $17,200 / Product Metric Ton for Lithium Hydroxide and Carbonate in the Second QuarterTracking Towards High End of $60 to 80 million Cost Savings Guidance in 2024 and Accelerating Further Cost ReductionsProjecting a 25% Increase in Combined Lithium Hydroxide and Carbonate Volume in Both 2024 and 2025 versus the Prior YearReducing Capital Spending by ~$500 million Over Next 24 Months in Response to Current Market ConditionsArcadium Lithium Investor Day Scheduled for September 19thArcadiu
PHILADELPHIA and PERTH, Australia, Aug. 2, 2024 /PRNewswire/ -- Acquisition is expected to provide safer, lower cost and more sustainable process pathways for lithium metal production using various grades of lithium carbonate Arcadium Lithium plc (NYSE:ALTM, ASX: LTM, ", Arcadium Lithium", ))) today announced it has acquired the lithium metal business of Li-Metal Corp. (CSE:LIM) (OTCQB:LIMFF) (FSE: 5ZO). The all-cash US$11 million acquisition includes the intellectual property and physical assets related to lithium metal production, including a pilot production facility in On
4 - Arcadium Lithium plc (0001977303) (Issuer)
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PHILADELPHIA and PERTH, Australia, Nov. 7, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE:ALTM, ASX: LTM, ", Arcadium Lithium", or the ", Company", )) today reported results for the third quarter of 2024. As a result of its pending acquisition by Rio Tinto, announced on October 9, 2024 (the "Transaction"), and as is customary during such transactions, Arcadium Lithium will not hold an earnings conference call in connection with its third quarter financial results. For the same reason, the Company has withdrawn its operating and financial guidance. For further detail and disc
PHILADELPHIA and PERTH, Australia, Oct. 23, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE:ALTM, ASX: LTM, ", Arcadium Lithium", ))) today announced it will release third quarter 2024 earnings results on Thursday, November 7, 2024, after stock market close via PR Newswire and the company's investor relations website at: https://ir.arcadiumlithium.com. As a result of its pending acquisition by Rio Tinto, and as is customary during such transactions, Arcadium Lithium will not hold an earnings conference call in connection with its third quarter financial results. Arcadium Lithi
World-class lithium business to strengthen Rio Tinto's position as global leader in energy transition commodities Counter-cyclical expansion into a high-growth market, aligned with Rio Tinto's long-term strategy and disciplined capital allocation framework Rio Tinto's scale, project development capabilities and financial strength to unlock full potential of Arcadium Lithium's Tier 1 resource base THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION Rio Tinto and
PHILADELPHIA and PERTH, Australia, Aug. 2, 2024 /PRNewswire/ -- Acquisition is expected to provide safer, lower cost and more sustainable process pathways for lithium metal production using various grades of lithium carbonate Arcadium Lithium plc (NYSE:ALTM, ASX: LTM, ", Arcadium Lithium", ))) today announced it has acquired the lithium metal business of Li-Metal Corp. (CSE:LIM) (OTCQB:LIMFF) (FSE: 5ZO). The all-cash US$11 million acquisition includes the intellectual property and physical assets related to lithium metal production, including a pilot production facility in On
PHILADELPHIA and PERTH, Australia, July 11, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE:ALTM, ASX: LTM, ", Arcadium Lithium", ))) today announced it will release second quarter 2024 earnings results on Tuesday, August 6, 2024, after stock market close via PR Newswire and the company's investor relations website at: https://ir.arcadiumlithium.com. The company will subsequently host a webcast conference call on Tuesday, August 6, 2024 at 5:00 p.m. ET (7:00 a.m. AEST on Wednesday, August 7, 2024) that is open to the public via Internet broadcast. Internet broadcast: https://
USA News Group CommentaryIssued on behalf of Ares Strategic Mining Inc. VANCOUVER, BC, May 1, 2024 /PRNewswire/ -- In an effort to bolster the domestic supply chain for critical minerals and materials, the Biden Administration recently announced a $17.5-million investment to develop more affordable, sustainable production processes throughout the USA. The announcement came just days after the Center for Strategic & International Studies's (CSIS) Project on Critical Minerals Security launch, meant to build the resilient supply chains needed for national, economic, and energy security. These initiatives are meant to build out a more robust supply of the 50 mineral commodities within the curren
PHILADELPHIA and PERTH, Australia, April 11, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE:ALTM, ASX: LTM, ", Arcadium Lithium", ))) today announced it will release first quarter 2024 earnings results on Tuesday, May 7, 2024, after stock market close via PR Newswire and the company's investor relations website at: https://ir.arcadiumlithium.com. The company will subsequently host a webcast conference call on Tuesday, May 7, 2024 at 5:00 p.m. ET (7:00 a.m. AEST on Wednesday, May 8, 2024) that is open to the public via Internet broadcast. Internet broadcast: https://ir.arcadi
PHILADELPHIA and PERTH, Australia, Jan. 23, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE:ALTM, ASX: LTM, ", Arcadium Lithium", ))) today announced it will release fourth quarter 2023 earnings results on Thursday, February 22, 2024, after stock market close via PR Newswire and the company's investor relations website at: https://ir.arcadiumlithium.com. The company will subsequently host a webcast conference call on Thursday, February 22, 2024 at 5:00 p.m. ET (6:00 a.m. AWST, 9:00 a.m. AEDT on Friday, February 23, 2024) that is open to the public via Internet broadcast. Inte
HOUSTON and MIDLAND, Texas, June 08, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ:KNTK) ("Kinetik") today announced that it has successfully completed its comprehensive refinancing (the "Refinancing") consisting of a new, five-year $1.25 billion unsecured revolving credit facility (fully undrawn at close), a new, three-year $2.0 billion unsecured term loan A facility and $1.0 billion 5.875% sustainability-linked senior notes due 2030. Following the Refinancing, Kinetik now has a fully unsecured capital structure. Kinetik used the net proceeds from the Refinancing to repay and retire all existing consolidated debt facilities and will subsequently redeem its Series A Preferred in
HOUSTON and MIDLAND, Texas, May 19, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ:KNTK) ("Kinetik" or the "Company") today announced that the Board of Directors has approved and declared a two-for-one split of the Company's Common Stock in the form of a stock dividend ("Stock Split"). The Company anticipates that the Stock Split will increase liquidity in the trading of the Company's stock and will make its stock more accessible to its employees and investors. The Stock Split will be accomplished by distributing one additional share of Class A Common Stock for each share of Class A Common Stock outstanding and one additional share of Class C Common Stock for each share of Class
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Keybanc analyst Aleksey Yefremov maintains Arcadium Lithium (NYSE:ALTM) with a Overweight and lowers the price target from $11 to $9.
Arcadium Lithium's (NYSE:ALTM) short percent of float has risen 9.29% since its last report. The company recently reported that it has 76.33 million shares sold short, which is 8.0% of all regular shares that are available for trading. Based on its trading volume, it would take traders 10.12 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inter
Goldman Sachs analyst Hugo Nicolaci initiates coverage on Arcadium Lithium (NYSE:ALTM) with a Neutral rating and announces Price Target of $4.3.
Arcadium Lithium plc (NYSE:ALTM) shares are trading higher today. RBC Capital analyst Kaan Peker initiated coverage on the stock with an Outperform rating and a price target of $4.00. The analyst writes that Arcadium, formed by the recent merger of Allkem and Livent, offers investors highly integrated and diversified exposure to lithium and chemicals. The analyst says the company shows strong production growth potential from its world-class brine operations. Peker predicts production growth to drive returns in the next few years, with Arcadium projected to increase LCE production from 61kt in CY23 to 142kt in CY27, tripling earnings over the period. The analyst anticipates height
RBC Capital analyst Kaan Peker initiates coverage on Arcadium Lithium (NYSE:ALTM) with a Outperform rating and announces Price Target of $4.
Piper Sandler analyst Charles Neivert maintains Arcadium Lithium (NYSE:ALTM) with a Underweight and lowers the price target from $5 to $3.75.