Of the analysts surveyed by Reuters, ~83% rated TransCanada (TRP) a “buy,” and ~17% rated the company a “hold.”
On March 24, 2017, the US State Department issued a presidential permit authorizing TransCanada (TRP) to construct the Keystone XL Pipeline.
According to Enterprise Products Partners’ (EPD) 2017 Investor Day presentation, most analysts expect the global oil market to balance by 2H17.
Of the analysts surveyed by Reuters, ~93% rated Enterprise Products Partners (EPD) as a “buy” and ~7% rated the company as a “hold.”
The short interest as a percentage of float in Enterprise Products Partners (EPD) stock is 1.5%. It’s higher compared to 1.2% at the end of February 2017.
Excluding Randa Duncan Williams’ position change, the total number of EPD shares bought by the top ten biggest holders exceeded the shares sold.
Enterprise Products Partners is trading at a forward EV-to-EBITDA multiple of nearly 13.9x. It’s lower compared to its four-year average multiple of ~14.9x.
Enterprise Products Partners’ (EPD) debt-to-equity ratio is ~1.1x—pretty conservative for MLPs. The company’s debt-to-EBITDA ratio was 4.4x for 2016.
According to Enterprise Products Partners (EPD), steam crackers are the foundation of the petrochemicals industry.
On March 15, 2017, Enterprise Products Partners announced the acquisition of Azure Midstream Partners’ midstream business and assets for $189 million.
Over the last ten years, Enterprise Products Partners retained nearly $10.7 billion of DCF (distributable cash flows) including non‐recurring cash flows.
Enterprise Products Partners (EPD) spent $4.1 billion on capital expenditures in 2016. It has $6.7 billion of growth capital projects under construction.
In addition to LPG (liquefied petroleum gas) exports, Enterprise Products Partners’ (EPD) NGL exports have grown significantly over the last few years.
The US is the largest exporter of LPG (liquefied petroleum gas) in the world. Enterprise Products Partners loaded 49% of the total US LPG exports in 2016.
According to Enterprise Products Partners (EPD), ethylene plants currently under construction in the US are expected to consume 770 Mbpd of ethane.
Enterprise Products Partners (EPD) carries out its operations through four reportable segments. NGL Pipelines & Services is its biggest segment.
Enterprise Products Partners’ assets are connected to major US shale basins, every ethylene cracker in the US, and ~90% of refineries east of the Rockies.
Enterprise Products Partners (EPD) stock has outperformed AMLP in 2017. Enterprise Products Partners has risen 0.4% YTD, while AMLP has fallen nearly 1%.
What do I need to know about the final regulations on qualifying income? If you’ve been following Alerian Insights, you know that this is something we’ve written about many times.…
Of the analysts surveyed, 93.3% rate Antero Midstream Partners (AM) as a “buy,” and the remaining 6.7% rate it as a “hold.”