Clearbridge Energy MidstreamOprtntyFdInc (N:EMO)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 620 EIGHTH AVENUE, 47TH FLOOR NEW YORK NY 10018 |
| Tel: | N/A |
| Website: | www.leggmason.com |
| IR: | See website |
| Key People | ||
| Jane E. Trust Chairman of the Board, President, Chief Executive Officer | Christopher Berarducci Principal Financial Officer, Treasurer | Jeanne M. Kelly Senior Vice President |
| Thomas C. Mandia Senior Vice President | Fred Jensen Chief Compliance Officer | Marc A. De Oliveira Secretary, Chief Legal Officer |
| Business Overview |
| ClearBridge Energy Midstream Opportunity Fund Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide long-term investors a high level of total return with an emphasis on cash distributions. The Fund seeks to achieve its objective by investing primarily in energy midstream entities. The Fund may invest at least 80% of its Managed Assets in energy midstream entities including entities structured as both partnerships and corporations. The Fund considers investments in midstream entities as those entities that provide midstream services including the gathering, transporting, processing, fractionation, storing, refining, and distribution of oil, natural gas liquids and natural gas. Legg Mason Partners Fund Advisor, LLC (LMPFA) is the Fund's investment manager and ClearBridge Investments, LLC (ClearBridge) is the Fund's subadvisor. |
| Financial Overview |
| For the fiscal year ended 30 November 2023, Clearbridge Energy MidstreamOprtntyFdInc revenues increased 51% to $11.9M. Net income decreased 56% to $65M. Revenues reflect Net Dividends and Distributions increase of 15% to $47M. Net income was offset by Unrealized G/L on Investment Securities decrease from $97.8M (income) to $28.1M (expense), Legal fees increase from $143K to $698K (expense). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $11.94M as of Nov 30, 2023 |
| EBITDA (TTM): | -$8.54M as of Nov 30, 2023 |
| Net annual income (TTM): | $64.95M as of Nov 30, 2023 |
| Free cash flow (TTM): | -$9.26M as of Nov 30, 2023 |
| Net Debt Last Fiscal Year: | $216.82M as of Nov 30, 2023 |
| Shares outstanding: | 12,787,291 as of Nov 30, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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