ClearBridge Energy Midstream Opportunity Fund Inc. Financial Report
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) has recently shared vital financial metrics showcasing its ongoing asset stability and growth potential. The Fund proudly reported an impressive net asset value as it continues to manage investments strategically amidst dynamic market conditions.
Assets and Liabilities Overview
As per the latest report, the Fund's total net assets stand at approximately $1,015.4 million, translating to a net asset value of $55.82 per individual share. This reflects the strength of the Fund's financial health and carefully curated investment portfolios, with a remarkable asset coverage ratio of 587% concerning senior debts.
Investment Strategy and Market Position
The clear strategy behind ClearBridge's framework involves focused investments in midstream energy assets, which are instrumental in generating stable cash flows. In addition to this, the asset coverage ratio relative to all leverage currently operates at 417%, ensuring that the Fund has sufficient buffers against market volatility.
Detailed Breakdown of Financials
The unaudited financial data provides insight into the component parts of the Fund’s assets. Notable entries include:
- Investments: $1,381.8 million
- Cash and Cash Equivalents: $41.2 million
- Other Assets: $2.4 million
Total Assets Calculation
The total assets of the Fund have been calculated to be $1,425.4 million, which further reinforces its strong footing in the investment space. On the liability side, total liabilities amount to $90.1 million, representing a solid liability management strategy.
Key Investment Holdings
Among its various equity holdings, the Fund has concentrated stakes in several key players, culminating in a strategically diversified portfolio. The top investments include:
- Energy Transfer LP: $161.5 million (11.7% of total investments)
- Targa Resources Corp.: $150.5 million (10.9% of total investments)
- ONEOK Inc.: $137.9 million (10.0% of total investments)
- Western Midstream Partners LP: $94.6 million (6.8% of total investments)
- Kinder Morgan Inc.: $77.0 million (5.6% of total investments)
Future Growth Potential
The Fund’s strategic approach is designed not just for immediate returns but also long-term growth potential. The nature of midstream investments tends towards lower volatility and consistent revenue streams, thereby providing stability to investors. Such investments align closely with demand in energy sectors, ensuring ongoing growth.
About ClearBridge Energy Midstream Opportunity Fund Inc.
ClearBridge Energy Midstream Opportunity Fund Inc. is recognized as a non-diversified, closed-end management investment company managed by Franklin Templeton Fund Adviser, LLC. The firm specializes in midstream energy assets and is committed to delivering attractive risk-adjusted returns for its shareholders, leveraging the expertise of its subsidiary management teams.
Frequently Asked Questions
What is the current net asset value of ClearBridge Energy Fund?
The current net asset value per share of ClearBridge Energy Midstream Opportunity Fund Inc. is approximately $55.82.
How does ClearBridge manage its liabilities?
ClearBridge maintains an asset coverage ratio of 587% for senior indebtedness, reflecting prudent liability management.
What are the top investments in the Fund's portfolio?
Some of the top investments include Energy Transfer LP, Targa Resources Corp., and ONEOK Inc.
Who manages the ClearBridge Energy Fund?
The Fund is managed by Franklin Templeton Fund Adviser, LLC, with asset guidance from ClearBridge Investments, LLC.
How can investors obtain more information about the Fund?
Investors can obtain more information by calling 1-888-777-0102 or visiting the Fund's website.
