Alon USA Partners after 3Q16: Is a Recovery in Sight?
Analysts’ median target price for Alon USA Partners (ALDW) for the next year is $9.10. The median target price implies a 3% downside over the next year from ALDW’s current price of $9.40.
Alon USA Partners (ALDW) reported its 3Q16 results on October 26, 2016. The company reported net income for the quarter of $2.1 million, compared to $53.8 million for 3Q15.
75.0% of analysts surveyed rate ETP a “buy,” and the remaining 25.0% rate it a “hold.”
Energy Transfer Equity and its subsidiaries had $39.5 billion of total outstanding debt at the end of 2Q16.
Energy Transfer Equity (ETE), which is mainly dependent upon distribution income from its MLP subsidiaries, saw a 21.1% YoY decline in distributable cash flow in 3Q16.
The 2Q16 EBITDA estimate for SXL was $280.2 million while the posted adjusted EBITDA was $245 million, a 12.6% miss.
Sunoco Logistics Partners’ (SXL) Crude Oil segment provides crude oil transportation and acquisition and marketing services.
Energy Transfer Partners (ETP) announced the acquisition of “certain interests” in PennTex Midstream Partners (PTXP) for $640 million in a 50-50 cash-stock deal on October 25, 2016.
Energy Transfer Partners’ (ETP) Midstream segment mainly provides natural gas gathering and processing services.
Energy Transfer Equity (ETE) and its midstream subsidiaries, Energy Transfer Partners (ETP) and Sunoco Logistics Partners (SXL), are expected to release their 3Q16 earnings on November 2, 2016.
Marcellus and Utica well costs have continued to fall in recent years. Both shale plays are among the lowest-cost shale plays in the United States.
On a broader level, 86.6% of analysts rate Antero Midstream as a “buy,” 6.7% rate it as a “hold,” and the remaining 6.7% rate it as a “sell.”
Antero Midstream Partners reported its 3Q16 earnings on October 28, 2016. Rice Midstream Partners (RMP) is scheduled to report its earnings on November 3, 2016.
In this article, we’ll look at the liquidity positions of upstream MLPs, including Legacy Reserves (LGCY), ahead of their 3Q16 earnings.
Legacy Reserves’ (LGCY) shares rallied 27.2% on Wednesday, following its announcement that it has executed a second lien term loan credit agreement with GSO Capital Partners.
Calumet Specialty Products Partners (CLMT) has fallen 81.0% in so far in 2016. The stock currently trades 36.0% below its 50-day moving average.
About 69.0% of the analysts rated Calumet a “hold,” and 31.0% rated it a “sell.” None of the analysts rated it a “buy.”
Calumet’s Fuel Products segment has been facing headwinds for the last couple of quarters, mainly due to weaker refining economics in CLMT’s markets.
Calumet (CLMT) is scheduled to report its 3Q16 results on November 3, 2016. Analysts expect 3Q16 adjusted EBITDA to be 3.0% higher than 3Q15.
Analysts’ ratings for Buckeye Partners In this article, we’ll look at what Wall Street analysts recommend for Buckeye Partners (BPL). 58.3% of analysts rate Buckeye Partners as a “buy” and…