Altus Midstream Announces Fourth-Quarter and Full-Year 2021 Results
Rhea-AI Summary
Altus Midstream Company (Nasdaq: ALTM) released its fourth-quarter and full-year 2021 results on February 21, 2022. The company operates as a midstream C-corporation, focusing on gas gathering, processing, and transmission assets in the Delaware Basin and holds interests in four key pipelines from the Permian to the Gulf Coast. Investors can access the detailed financial results on Altus's investor relations website.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Strong asset base in the Delaware Basin with gas gathering and processing capabilities.
- Ownership of equity interests in four significant pipelines, enhancing operational reach.
Negative
- None.
News Market Reaction – ALTM
On the day this news was published, ALTM declined 5.11%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
HOUSTON, Feb. 21, 2022 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) today announced its fourth-quarter and full-year 2021 results. Results can be found on the company’s website at www.altusmidstream.com/investors.
About Altus Midstream Company
Altus Midstream Company is a pure-play, Permian-to-Gulf Coast midstream C-corporation. Through its consolidated subsidiaries, Altus owns gas gathering, processing and transmission assets servicing production in the Delaware Basin and owns equity interests in four Permian-to-Gulf Coast pipelines. Altus posts announcements, operational updates, investor information and press releases on its website, www.altusmidstream.com.
Contacts
| Media: | (713) 296-7276 | Alexandra Franceschi |
| Investor: | (281) 302-2286 | Patrick Cassidy |
