Energy Transfer and Peers: The Analysts’ Take after 4Q16 Results
Energy Transfer Partners, Energy Transfer Equity, and Sunoco Logistics have “buy,” ratings from 68.4%, 57.9%, and 60% of analysts, respectively.
ETP subsidiary, Lone Star NGL, announced the construction of a fifth fractionator at Mont Belvieu one day after its 4Q16 results.
SXL’s 4Q16 EBITDA rose to $327 million from $317 million in 4Q15—a 3.2% YoY rise.
SXL appears to be well placed for 2017, considering its strong presence in the prolific Permian and Northeast regions.
ETE announced distributable cash flow of $299 million for 4Q16, as compared to $343 million in 4Q15, a YoY decline of 12.8%.
ETP’s Liquids Transportation and Services segment was its top performing segment in 4Q16.
ETE’s earnings are mainly dependent upon distribution income from its subsidiaries, and so ETP’s and SXL’s EBITDA growth drives ETE’s earnings.
Nearly 75.0% of analysts have rated Alon USA Partners (ALDW) a “hold,” and 25.0% have rated it a “buy.”
Alon USA Partners currently expects to pay a distribution for 1Q17.
Alon USA Partners (ALDW) reported its 4Q16 results on February 22, 2017. It reported cash available for distribution of $7.0 million.
Short interest in Crestwood Equity Partners (CEQP) as percentage of float ratio has come down to 1.1%.
Of the analysts that cover Crestwood Equity Partners (CEQP), 60% rate it as a “hold,” 20% rate it as a “buy,” and the remaining 20% rate it as a “sell.”
Crestwood Equity Partners (CEQP) stock fell 2.3% following its 4Q16 earnings announcement.
Crestwood Equity Partners (CEQP) announced its 2017 financial guidance during its 4Q16 earnings release. The partnership expects its 2017 adjusted EBITDA to lie between $360 million–$390 million.
Crestwood Equity Partners (CEQP) ended 4Q16 with total outstanding debt of $1.5 billion, which is 29.1% lower than its outstanding debt at the end of 2015.
Crestwood Equity Partners’s (CEPQ) natural gas gathering volumes declined in 4Q16 due to declining throughput volumes in the Marcellus, PRB Niobrara, and Fayetteville Shale regions.
Crestwood Equity Partners (CEQP) reported its 4Q16 earnings on February 21, 2017. Its 4Q16 adjusted EBITDA increased to $125.6 million from $118.9 million in 4Q15, a year-over-year increase of 5.6%.
Analysts’ median target price for Hi-Crush Partners (HCLP) for the next year is $23.0, which implies a 7% price return over the next year.
Hi-Crush Partners stock currently trades near $21.4—more than five times its price a year ago.
The US rotary rig count provided by Baker Hughes was up by ten week-over-week, reaching 751 for the week ended February 17.