What We Do
TPH&Co. provides strategic, financial, industry and tactical advice in connection with executing mergers, acquisitions, company and corporate divestitures, including asset sales, carve-outs, joint ventures, and spin-offs, and relating to takeover preparedness and defense.
$6B Financial Advisor to Oasis Petroleum in connection with its combination with Whiting Petroleum
$9.5B Financial Advisor to Shell in connection with the sale of its Permian Business
$2.5B Financial Advisor to Sinclair in connection with the combination with HollyFrontier
$8.9B Financial Advisor to Cimarex in connection with its combination with Cabot Oil & Gas
$9.2B Financial Advisor to Energen in connection with its combination with Diamondback Energy
$9.5B Financial Advisor to RSP Permian in connection with its sale to Concho Resources
Undisclosed Financial Advisor to WhiteWater Midstream in connection with its sale to First Infrastructure Capital
$448M Financial Advisor to Liberty Oilfield Service in connection with the contribution of Schlumberger’s North American Pressure Pumping Business to Liberty
TPH&Co. provides financial and structuring advice in connection with capital raising alternatives, including debt, equity, and hybrid capital, identifying alternative sources of capital, including SPACs and private capital, and assisting with identifying investors, developing terms and structuring the transaction.
$146M Financial Advisor to Stronghold Digital Mining in connection with the Initial Public Offering
$224M Financial Advisor to Enviva in connection with its Common Stock offering
$500M Financial Advisor to Sunnova in connection with the Convertible Senior Notes
$719M Financial Advisor to SM Energy in connection with the Exchange Offers
$832M Financial Advisor to Oneok in connection with the Common Stock Offering
$765M Financial Advisor to Rattler Midstream in connection with the Initial Public Offering
$2B Financial Advisor to NGL Energy Partners LP in connection with the First Lien notes offering
$120M Financial Advisor to Calfrac Well Services in connection with the Senior Note Offering
TPH&Co. provides comprehensive financial restructuring and capital structure advice in connection with stressed and distressed situations, including amendments, debt exchanges, financings, distressed M&A, and balance sheet recapitalizations.
$300M Advisor to Ad Hoc Group of Consenting Lenders
Undisclosed Advisor to Ad Hoc Group of FLLO Term Loan Lenders
Undisclosed Exclusive financial advisor to Gulfport Energy Corporation in connection with its Chapter 11 Plan of Reorganization
$719M Financial Advisor to California Resources Corporation in connection with the Chapter 11 Filing
Undisclosed Financial Advisor to the first lien lenders of Salt Creek Midstream in connection with the comprehensive recapitalization and new capital investment by Ares Management and existing lenders
$242M Advisor to the First Lien Term Loan Holders
$3.4B Exclusive financial advisor to Riverstone Holdings in connection with the $3.4 billion restructuring of Fieldwood Energy
$3.6B Financial advisor to the Ad Hoc Senior Notes Group in connection with the $3.0 billion restructuring of Breitburn and $775 million rights offering
TPH&Co. provides strategic, financial and process advice to Directors and other fiduciaries in connection with transactions where there is an actual, apparent or potential conflict.
Undisclosed Financial Advisor to BP Midstream Partners in connection with the acquisition of BP Midstream Partners LP by BP
Undisclosed Financial Advisor to Shell Midstream Partners in connection with the asset Exchange
$6.6B Financial Advisor to AmeriGas in connection with the sale of AmeriGas Partners, L.P. to UGI Corporation
$1.6B Financial Advisor to Antero Midstream Partners LP in connection with the combination of Antero Midstream Partners LP and Antero Midstream GP
Undisclosed Financial Advisor to Summit Midstream in connection with the acquisition of Summit Midstream Partners, LLC and the Simplification of its Corporate Structure
Undisclosed Advisor to Board of Directors in connection with separation of Upstream & Midstream Businesses
$1.8B Financial Advisor to the conflicts committee of the board of Energy Transfer Partners in connection with the sale of Compression Business to USA Compression Partners
Undisclosed Advisor to Conflicts Committee in connection with recommendation to go private
TPH&Co. provides advice to management teams and Boards of Directors on critical matters that require shareholder interaction and support, including shareholder votes on transactions and annual proxy matters, as well as shareholder activism preparation and managing a company campaign in response to an attempt by an activist to gain board control or influence.
TPH&Co.’s Research team has coverage on approximately 100 companies in the upstream, infrastructure, energy services & equipment, refining, chemicals, renewables and transportation sectors. Our institutional Sales team is dedicated exclusively to the energy sector.
TPH&Co.’s institutional Sales & Trading team is dedicated exclusively to the energy sector.
Industry Expertise
- Upstream/IST
- Infrastructure
- Energy Services & Equipment
- New Energy
Upstream/IST
Our Upstream team focuses on clients engaged in the exploration and production of hydrocarbons.
Infrastructure
Our Infrastructure team focuses on clients engaged in the aggregation, transportation, refining, storage, and trading of energy products.
Energy Services & Equipment
Our Energy Services & Equipment team focuses on clients engaged in the provision of services and equipment solutions that facilitate the production, transportation and processing of energy and related products for upstream, midstream, downstream and new energy companies.
New Energy
Our New Energy team focuses on clients engaged in the expanding sustainability and decarbonization sectors including renewable fuels, hydrogen, electrification, grid storage, electric vehicles, and CCUS.
TPH&Co.’s Securities team provides comprehensive energy markets and company perspectives through its research and sales services. We are distinguished by:
- Comprehensive perspective on the full value chain in the energy space
- Thought leadership on topical industry themes
- Highly-technical, in-depth research
- Energy-only for sales team with deep sector expertise
- Combination of sell-side and buy-side experience
- Deep and trust-based relationships with energy-dedicated Portfolio Managers and Analysts
The Morning Note
The firm’s research is delivered primarily through our TPH&Co. Morning Note which is distributed daily via email to institutional investors and industry professionals. Our note contains both concise and in-depth commentary and covers the entire energy landscape from traditional to new energy. We also provide our clients with comprehensive financial models, company research notes, and thematic reports exploring topical industry issues. Our other regular research reports referenced in the note include publications such as the Weekly Rig Roundup, Oil Refining Weekly, natural Gas Weekly, Propane Weekly, Commodity Chemicals Weekly, NGL Monthly, US Vehicle Miles Traveled Monthly, DOE Snapshot Monthly and Renewable Fuels Weekly.
Research Coverage
TPH&Co. provides strategic, financial, industry and tactical advice in connection with executing mergers, acquisitions, company and corporate divestitures, including asset sales, carve-outs, joint ventures, and spin-offs, and relating to takeover preparedness and defense.
$6B Financial Advisor to Oasis Petroleum in connection with its combination with Whiting Petroleum
$9.5B Financial Advisor to Shell in connection with the sale of its Permian Business
$2.5B Financial Advisor to Sinclair in connection with the combination with HollyFrontier
$8.9B Financial Advisor to Cimarex in connection with its combination with Cabot Oil & Gas
$9.2B Financial Advisor to Energen in connection with its combination with Diamondback Energy
$9.5B Financial Advisor to RSP Permian in connection with its sale to Concho Resources
Undisclosed Financial Advisor to WhiteWater Midstream in connection with its sale to First Infrastructure Capital
$448M Financial Advisor to Liberty Oilfield Service in connection with the contribution of Schlumberger’s North American Pressure Pumping Business to Liberty
TPH&Co. provides financial and structuring advice in connection with capital raising alternatives, including debt, equity, and hybrid capital, identifying alternative sources of capital, including SPACs and private capital, and assisting with identifying investors, developing terms and structuring the transaction.
$146M Financial Advisor to Stronghold Digital Mining in connection with the Initial Public Offering
$224M Financial Advisor to Enviva in connection with its Common Stock offering
$500M Financial Advisor to Sunnova in connection with the Convertible Senior Notes
$719M Financial Advisor to SM Energy in connection with the Exchange Offers
$832M Financial Advisor to Oneok in connection with the Common Stock Offering
$765M Financial Advisor to Rattler Midstream in connection with the Initial Public Offering
$2B Financial Advisor to NGL Energy Partners LP in connection with the First Lien notes offering
$120M Financial Advisor to Calfrac Well Services in connection with the Senior Note Offering
TPH&Co. provides comprehensive financial restructuring and capital structure advice in connection with stressed and distressed situations, including amendments, debt exchanges, financings, distressed M&A, and balance sheet recapitalizations.
$300M Advisor to Ad Hoc Group of Consenting Lenders
Undisclosed Advisor to Ad Hoc Group of FLLO Term Loan Lenders
Undisclosed Exclusive financial advisor to Gulfport Energy Corporation in connection with its Chapter 11 Plan of Reorganization
$719M Financial Advisor to California Resources Corporation in connection with the Chapter 11 Filing
Undisclosed Financial Advisor to the first lien lenders of Salt Creek Midstream in connection with the comprehensive recapitalization and new capital investment by Ares Management and existing lenders
$242M Advisor to the First Lien Term Loan Holders
$3.4B Exclusive financial advisor to Riverstone Holdings in connection with the $3.4 billion restructuring of Fieldwood Energy
$3.6B Financial advisor to the Ad Hoc Senior Notes Group in connection with the $3.0 billion restructuring of Breitburn and $775 million rights offering
TPH&Co. provides strategic, financial and process advice to Directors and other fiduciaries in connection with transactions where there is an actual, apparent or potential conflict.
Undisclosed Financial Advisor to BP Midstream Partners in connection with the acquisition of BP Midstream Partners LP by BP
Undisclosed Financial Advisor to Shell Midstream Partners in connection with the asset Exchange
$6.6B Financial Advisor to AmeriGas in connection with the sale of AmeriGas Partners, L.P. to UGI Corporation
$1.6B Financial Advisor to Antero Midstream Partners LP in connection with the combination of Antero Midstream Partners LP and Antero Midstream GP
Undisclosed Financial Advisor to Summit Midstream in connection with the acquisition of Summit Midstream Partners, LLC and the Simplification of its Corporate Structure
Undisclosed Advisor to Board of Directors in connection with separation of Upstream & Midstream Businesses
$1.8B Financial Advisor to the conflicts committee of the board of Energy Transfer Partners in connection with the sale of Compression Business to USA Compression Partners
Undisclosed Advisor to Conflicts Committee in connection with recommendation to go private
TPH&Co. provides advice to management teams and Boards of Directors on critical matters that require shareholder interaction and support, including shareholder votes on transactions and annual proxy matters, as well as shareholder activism preparation and managing a company campaign in response to an attempt by an activist to gain board control or influence.
TPH&Co.’s Research team has coverage on approximately 120 companies in the upstream, infrastructure, energy services & equipment, refining, chemicals, renewables and transportation sectors.
TPH&Co.’s institutional Sales & Trading team is dedicated exclusively to the energy sector.
The Morning Note
The firm’s research is delivered primarily through our TPH&Co. Morning Note which is distributed daily via email to institutional investors and industry professionals. Our note contains both concise and in-depth commentary and covers the entire energy landscape from traditional to new energy. We also provide our clients with comprehensive financial models, company research notes, and thematic reports exploring topical industry issues. Our other regular research reports referenced in the note include publications such as the Weekly Rig Roundup, Oil Refining Weekly, natural Gas Weekly, Propane Weekly, Commodity Chemicals Weekly, NGL Monthly, US Vehicle Miles Traveled Monthly, DOE Snapshot Monthly and Renewable Fuels Weekly.
Research Coverage
TPH&Co.’s Securities team provides comprehensive energy markets and company perspectives through its research, sales, and trading services. We are distinguished by:
- Comprehensive perspective on the full value chain in the energy space
- Thought leadership on topical industry themes
- Highly-technical, in-depth research
- Energy-only for sales team with deep sector expertise
- Combination of sell-side and buy-side experience
- Deep and trust-based relationships with energy-dedicated Portfolio Managers and Analysts
The Morning Note
The firm’s research is delivered primarily through our TPH&Co. Morning Note which is distributed daily via email to institutional investors and industry professionals. Our note contains both concise and in-depth commentary and covers the entire energy landscape from traditional to new energy. We also provide our clients with comprehensive financial models, company research notes, and thematic reports exploring topical industry issues. Our other regular research reports referenced in the note include publications such as the Weekly Rig Roundup, Oil Refining Weekly, natural Gas Weekly, Propane Weekly, Commodity Chemicals Weekly, NGL Monthly, US Vehicle Miles Traveled Monthly, DOE Snapshot Monthly and Renewable Fuels Weekly.
Research Coverage
Industry Expertise
Upstream/IST
Our Upstream team focuses on clients engaged in the exploration and production of hydrocarbons.
Infrastructure
Our Infrastructure team focuses on clients engaged in the aggregation, transportation, refining, storage, and trading of energy products.
Energy Services & Equipment
Our Energy Services & Equipment team focuses on clients engaged in the provision of services and equipment solutions that facilitate the production, transportation and processing of energy and related products for upstream, midstream, downstream and new energy companies.
New Energy
Our New Energy team focuses on clients engaged in the expanding sustainability and decarbonization sectors including renewable fuels, hydrogen, electrification, grid storage, electric vehicles, and CCUS.
TPH&Co. provides strategic, financial, industry and tactical advice in connection with executing mergers, acquisitions, company and corporate divestitures, including asset sales, carve-outs, joint ventures, and spin-offs, and relating to takeover preparedness and defense.
$6B Financial Advisor to Oasis Petroleum in connection with its combination with Whiting Petroleum
$9.5B Financial Advisor to Shell in connection with the sale of its Permian Business
$2.5B Financial Advisor to Sinclair in connection with the combination with HollyFrontier
$8.9B Financial Advisor to Cimarex in connection with its combination with Cabot Oil & Gas
$9.2B Financial Advisor to Energen in connection with its combination with Diamondback Energy
$9.5B Financial Advisor to RSP Permian in connection with its sale to Concho Resources
Undisclosed Financial Advisor to WhiteWater Midstream in connection with its sale to First Infrastructure Capital
$448M Financial Advisor to Liberty Oilfield Service in connection with the contribution of Schlumberger’s North American Pressure Pumping Business to Liberty
TPH&Co. provides financial and structuring advice in connection with capital raising alternatives, including debt, equity, and hybrid capital, identifying alternative sources of capital, including SPACs and private capital, and assisting with identifying investors, developing terms and structuring the transaction.
$146M Financial Advisor to Stronghold Digital Mining in connection with the Initial Public Offering
$224M Financial Advisor to Enviva in connection with its Common Stock offering
$500M Financial Advisor to Sunnova in connection with the Convertible Senior Notes
$719M Financial Advisor to SM Energy in connection with the Exchange Offers
$832M Financial Advisor to Oneok in connection with the Common Stock Offering
$765M Financial Advisor to Rattler Midstream in connection with the Initial Public Offering
$2B Financial Advisor to NGL Energy Partners LP in connection with the First Lien notes offering
$120M Financial Advisor to Calfrac Well Services in connection with the Senior Note Offering
TPH&Co. provides comprehensive financial restructuring and capital structure advice in connection with stressed and distressed situations, including amendments, debt exchanges, financings, distressed M&A, and balance sheet recapitalizations.
$300M Advisor to Ad Hoc Group of Consenting Lenders
Undisclosed Advisor to Ad Hoc Group of FLLO Term Loan Lenders
Undisclosed Exclusive financial advisor to Gulfport Energy Corporation in connection with its Chapter 11 Plan of Reorganization
$719M Financial Advisor to California Resources Corporation in connection with the Chapter 11 Filing
Undisclosed Financial Advisor to the first lien lenders of Salt Creek Midstream in connection with the comprehensive recapitalization and new capital investment by Ares Management and existing lenders
$242M Advisor to the First Lien Term Loan Holders
$3.4B Exclusive financial advisor to Riverstone Holdings in connection with the $3.4 billion restructuring of Fieldwood Energy
$3.6B Financial advisor to the Ad Hoc Senior Notes Group in connection with the $3.0 billion restructuring of Breitburn and $775 million rights offering
TPH&Co. provides strategic, financial and process advice to Directors and other fiduciaries in connection with transactions where there is an actual, apparent or potential conflict.
Undisclosed Financial Advisor to BP Midstream Partners in connection with the acquisition of BP Midstream Partners LP by BP
Undisclosed Financial Advisor to Shell Midstream Partners in connection with the asset Exchange
$6.6B Financial Advisor to AmeriGas in connection with the sale of AmeriGas Partners, L.P. to UGI Corporation
$1.6B Financial Advisor to Antero Midstream Partners LP in connection with the combination of Antero Midstream Partners LP and Antero Midstream GP
Undisclosed Financial Advisor to Summit Midstream in connection with the acquisition of Summit Midstream Partners, LLC and the Simplification of its Corporate Structure
Undisclosed Advisor to Board of Directors in connection with separation of Upstream & Midstream Businesses
$1.8B Financial Advisor to the conflicts committee of the board of Energy Transfer Partners in connection with the sale of Compression Business to USA Compression Partners
Undisclosed Advisor to Conflicts Committee in connection with recommendation to go private
TPH&Co. provides advice to management teams and Boards of Directors on critical matters that require shareholder interaction and support, including shareholder votes on transactions and annual proxy matters, as well as shareholder activism preparation and managing a company campaign in response to an attempt by an activist to gain board control or influence.
TPH&Co.’s Research team has coverage on approximately 120 companies in the upstream, infrastructure, energy services & equipment, refining, chemicals, renewables, and transportation sectors.
TPH&Co.’s institutional Sales & Trading team is dedicated exclusively to the energy sector.
TPH&Co.’s Securities team provides comprehensive energy markets and company perspectives through its research and sales services. We are distinguished by:
- Comprehensive perspective on the full value chain in the energy space
- Thought leadership on topical industry themes
- Highly-technical, in-depth research
- Energy-only for sales team with deep sector expertise
- Combination of sell-side and buy-side experience
- Deep and trust-based relationships with energy-dedicated Portfolio Managers and Analysts
The Morning Note
The firm’s research is delivered primarily through our TPH&Co. Morning Note which is distributed daily via email to institutional investors and industry professionals. Our note contains both concise and in-depth commentary and covers the entire energy landscape from traditional to new energy. We also provide our clients with comprehensive financial models, company research notes, and thematic reports exploring topical industry issues. Our other regular research reports referenced in the note include publications such as the Weekly Rig Roundup, Oil Refining Weekly, natural Gas Weekly, Propane Weekly, Commodity Chemicals Weekly, NGL Monthly, US Vehicle Miles Traveled Monthly, DOE Snapshot Monthly and Renewable Fuels Weekly.
Research Coverage
Industry Expertise
Upstream/IST
Our Upstream team focuses on clients engaged in the exploration and production of hydrocarbons.
Infrastructure
Our Infrastructure team focuses on clients engaged in the aggregation, transportation, refining, storage, and trading of energy products.
Energy Services & Equipment
Our Energy Services & Equipment team focuses on clients engaged in the provision of services and equipment solutions that facilitate the production, transportation and processing of energy and related products for upstream, midstream, downstream and new energy companies.
New Energy
Our New Energy team focuses on clients engaged in the expanding sustainability and decarbonization sectors including renewable fuels, hydrogen, electrification, grid storage, electric vehicles, and CCUS.