Core Insights - The article emphasizes the stability and profitability of energy pipeline operators, particularly in the context of fluctuating oil prices and drilling permits [2][3][8] Industry Overview - U.S. oil output has significantly increased from approximately 5 million barrels per day in 2008 to a record 13.4 million barrels per day today, positioning the U.S. as one of the largest oil exporters globally [3] - Despite a decline in Texas drilling permits from 772 to 606, production remains strong due to improved efficiency, allowing producers to extract more oil from each well [4] Company Focus - Antero Midstream (AM) operates pipelines that transport natural gas from Antero Resources, benefiting from a stable cash flow model without drilling risks [5] - AM has consistently paid dividends since its IPO in 2014, with cash flows covering dividends by about 30%, indicating potential for future increases [5][6] - AM has reduced its debt from over 4X EBITDA to 3.3X, with a target of below 3X, which may lead to more share buybacks and dividend raises [6] Investment Opportunities - Alerian MLP ETF (AMLP) offers a diversified investment in major U.S. midstream companies, yielding 8.1% without the complexity of K-1 tax forms [7] - The model of energy toll collectors is attractive as it is insulated from oil and gas price fluctuations, relying instead on the volume of energy transported [8] - Existing pipeline operators benefit from limited competition due to high capital requirements and regulatory hurdles for new pipeline construction, ensuring robust cash flows from long-term contracts [8]

Group 1 - The company is a French corporation with a share capital of €62,717,627.20 [2] - The headquarters is located at 9, Rond-Point des Champs-Élysées - Marcel Dassault, 75008 Paris [2] - As of August 31, 2025, the total number of shares is 78,397,034, with theoretical voting rights amounting to 130,565,119 [2][3] - The exercisable voting rights are recorded at 130,127,738 [2]

Group 1: Antero Midstream (AM) - Antero Midstream is a leading provider of integrated and customized midstream services [1] - The Zacks Consensus Estimate for its current year earnings has increased by 4.2% over the last 60 days [1] - The company has a dividend yield of 5.1%, significantly higher than the industry average of 1.7% [1] Group 2: Provident Financial Services (PFS) - Provident Financial Services is a community- and customer-oriented banking company offering a broad array of financial products [2] - The Zacks Consensus Estimate for its current year earnings has increased by 4.4% over the last 60 days [2] - The company has a dividend yield of 4.8%, compared to the industry average of 2.8% [2] Group 3: Smithfield Foods, Inc. (SFD) - Smithfield Foods is a pork producer and food-processing company [3] - The Zacks Consensus Estimate for its current year earnings has increased by 3% over the last 60 days [3] - The company has a dividend yield of 3.9%, while the industry average is 0.0% [3]

Group 1 - Dassault Aviation is a French corporation with a share capital of €62,717,627.20 and is headquartered in Paris [2]. - As of July 31, 2025, the total number of shares is 78,397,034, with theoretical voting rights amounting to 130,565,112 [2]. - The exercisable voting rights are recorded at 130,286,554 [2]. Group 2 - The information provided is in accordance with article L. 233-8 II of the French Commercial Code and article 223-16 of the General Regulations of the French Market Authority [2].

Group 1: Antero Midstream - Antero Midstream is a leading provider of integrated and customized midstream services with a Zacks Rank 1 (Strong Buy) [1] - The Zacks Consensus Estimate for Antero Midstream's current year earnings increased by 2.1% over the last 60 days [1] - Antero Midstream's shares gained 27.9% over the last three months, outperforming the S&P 500's gain of 14.2% [2] - The company possesses a Momentum Score of A [2] Group 2: Jackson Financial - Jackson Financial is a U.S. retirement services provider with a diverse portfolio of differentiated products and a Zacks Rank 1 [2] - The Zacks Consensus Estimate for Jackson Financial's current year earnings increased by 5.9% over the last 60 days [2] - Jackson Financial's shares gained 17.6% over the last three months, also outperforming the S&P 500's gain of 14.2% [3] - The company possesses a Momentum Score of A [3] Group 3: Talen Energy Corporation - Talen Energy Corporation owns and operates power infrastructure primarily in the United States and has a Zacks Rank 1 [3] - The Zacks Consensus Estimate for Talen Energy's current year earnings increased by 7.6% over the last 60 days [3] - Talen Energy's shares gained 150.3% over the last three months, significantly outperforming the S&P 500's gain of 14.2% [4] - The company possesses a Momentum Score of B [4]

Core Points - Antero Resources Corporation and Antero Midstream Corporation announced the transition of Co-Founder Paul M. Rady to Chairman Emeritus, effective immediately [1] - The Boards of Directors praised Mr. Rady for his leadership, commitment to the oil and gas industry, and philanthropic efforts [2] - Mr. Rady has significantly contributed to shareholder value, with the combined enterprise value of Antero companies at approximately $24.0 billion [3] Company Overview - Antero Resources holds approximately 526,000 net acres in the Appalachian Basin, with estimated proved reserves of 17.9 trillion cubic feet equivalent (Tcfe) at year-end 2024 [4] - The company produced over 3.4 billion cubic feet equivalent per day (Bcfe/d) during the three months ended June 30, 2025, making it the fifth largest producer of natural gas and natural gas liquids (NGLs) in the U.S. [4] - Antero Midstream, formed in 2012, has developed a comprehensive midstream energy infrastructure, including 413 miles of low-pressure gathering pipeline and 295 miles of high-pressure gathering pipeline [5] Leadership Transition - Mr. Rady expressed gratitude towards employees and shareholders, emphasizing confidence in the future leadership under Mike Kennedy [6] - He highlighted the companies' strong positioning in the Appalachian Basin and his intention to focus on family, health, and philanthropy in his new role [6]

Core Viewpoint - Antero Resources Corporation and Antero Midstream Corporation have appointed Michael N. Kennedy as the new Chief Executive Officer and President, succeeding Paul M. Rady, who transitions to Chairman Emeritus [1][3]. Company Leadership Changes - Michael N. Kennedy has been with Antero since 2013, serving as Chief Financial Officer since 2021 and has extensive experience in the oil and gas industry [2][3]. - Paul M. Rady will now serve as Chairman Emeritus after transitioning from his previous roles [1][3]. - Benjamin A. Hardesty will take over as Chairman of the Board for Antero Resources, while David H. Keyte will serve as Chairman for Antero Midstream [3]. Board and Management Team Adjustments - Yvette K. Schultz will join the Board of Directors of Antero Midstream, having served as General Counsel since 2017 [4][5]. - Brendan E. Krueger will be named Chief Financial Officer and SVP—Finance of Antero Resources, while also serving as SVP—Finance of Antero Midstream [6][8]. - Justin J. Agnew will become Chief Financial Officer of Antero Midstream, having held various roles since 2014 [7][8]. Company Overview - Antero Resources is focused on the acquisition, development, and production of unconventional natural gas and natural gas liquids in the Appalachian Basin [8]. - Antero Midstream operates and develops midstream assets, including gathering, compression, processing, and fractionation, primarily servicing Antero Resources' properties [8].

Group 1 - iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] - The current trend in cryptocurrencies, particularly Bitcoin, is noted, with its price hovering near all-time highs, indicating renewed interest in this volatile asset class [2] - The emphasis is placed on investing in dividend-paying stocks within the 'real economy' that are easier to understand, suggesting a preference for defensive investment strategies [2] Group 2 - The article does not provide specific financial advice or recommendations, emphasizing the importance of due diligence for readers [4][5] - There is a disclosure regarding the author's beneficial long position in AM shares, indicating a personal investment interest [3]

Group 1 - The article discusses the high-yield stock Realty Income (O) and its qualities that make it a strong investment idea [1] - The author expresses a beneficial long position in several stocks, indicating confidence in their performance [1] Group 2 - The article emphasizes the importance of in-depth research on various income alternatives, including REITs and ETFs [1]

Group 1 - Antero Midstream Corporation (AM) is outperforming its Oils-Energy peers with a year-to-date return of 22.8%, compared to the sector average of 2.5% [4] - The Zacks Rank for Antero Midstream Corporation is 2 (Buy), indicating a strong potential for future performance based on earnings estimate revisions [3] - The Zacks Consensus Estimate for AM's full-year earnings has increased by 1.7% over the past quarter, reflecting improving analyst sentiment [4] Group 2 - Antero Midstream Corporation is part of the Oil and Gas - Integrated - United States industry, which has seen an average loss of 7.2% this year, highlighting AM's relative strength [6] - Another outperforming stock in the Oils-Energy sector is Sasol (SSL), which has returned 7.7% year-to-date and also holds a Zacks Rank of 2 (Buy) [5] - The Oil and Gas - Integrated - International industry, to which Sasol belongs, has experienced a positive movement of +3.6% year-to-date [6]