Williams Partners’ (WPZ) distributable cash flow in 2016 was $2.97 billion, compared to $2.82 billion in 2015, a YoY (year-over-year) rise of 5.3%.
Williams Partners’ (WPZ) 2016 capital expenditure (capex) was $2.1 billion, 35.2% lower than its capex of $3.2 billion in 2015.
Williams Partners (WPZ) ended 2016 with total outstanding debt of $18.6 billion, 5.6% lower than its outstanding debt at the end of 2015.
Williams Partners (WPZ), the MLP subsidiary of Williams Companies (WMB) and the owner of one of US largest natural gas pipeline networks, had a decent start to the year.
Short interest in Williams Companies (WMB) as a percentage of float has come down to 1.2%.
53.0% of analysts rate Williams Companies a “buy,” and the remaining 47.0% rate it a “hold.”
Williams Companies’ EV-to-adjusted EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) ratio using a trailing-12-month adjusted EBITDA is 12.8x.
Williams Companies (WMB) went below its 50-day simple moving average driven by the recent decline.
Williams Companies (WMB) fell 2.5% last week. During the same period, the Alerian MLP ETF (AMLP) and the SPDR S&P 500 ETF (SPY) (SPX-INDEX) were down 2.2% and 0.3%, respectively.
The median target price for EEP as provided by surveyed analysts is $24, which implies a 37% price return in one year from EEP’s current price of $17.48.
Enbridge Energy Partners (EEP) is currently trading at a forward EV-to-EBITDA multiple of ~10.5x—lower than its four-year-average multiple of ~12x.
Short interest as a percentage of float in EEP stock is currently 2.6%. This represents a significant rise from the nearly 1.6% at the end of February 2017.
Recently, the top ten institutional holders of Enbridge Energy Partners (EEP) added net 0.9 million EEP shares to their positions.
In August 2016, EEP announced that it had formed a joint venture with MPC in the Dakota Access Pipeline.
In 4Q16, EEP announced a quarterly cash distribution of $0.583 per limited partner unit, which is unchanged from its previous quarter distribution.
Enbridge Energy Partners’ (EEP) net debt-to-EBITDA ratio is 5x. While this is slightly on the higher side, the ratio remained relatively stable in 2016.
Enbridge Energy Partners’ (EEP) Liquids segment’s revenues are backed by low-risk long-term contracts ranging from 20 to 30 years.
The Liquids Pipeline segment generates more than 90% of Enbridge Energy Partners’ (EEP) distributable cash flow.
EEP’s Liquids segment Enbridge Energy Partners (EEP) carries out its operations through two reportable segments: Liquids and Natural Gas. EEP’s Liquids segments adjusted EBITDA (earnings before interest, tax, depreciation, and…
Headquartered in Texas, Enbridge Energy Partners (EEP) owns and operates a crude oil and natural gas transportation business in the United States.