Cheniere Energy’s (LNG) 1Q17 revenue rose to $1.2 billion from $69.0 million in 1Q16, a rise of 18x YoY (year-over-year).
The IEA (International Energy Agency) released a report on the global LNG (liquefied natural gas) outlook for next five years on July 13, 2017.
In the previous article, we explored how Cheniere Energy has played a major role in the United States, becoming a major LNG (liquefied natural gas) player.
Cheniere Energy (LNG) had a weak start to the month. To date, it’s fallen 1.1% in July 2017. At the same time, the Alerian MLP ETF has risen 0.7% YTD (year-to-date).
Plains All American Pipeline (PAA) is down 17% year-to-date. The stock gained 1.8% last week on crude oil gains.
On July 13, 2017, Stifel started coverage on Energy Transfer Equity (ETE) with a “buy” rating. Stifel has given a price target of $20 for ETE.
The benchmark index for energy MLPs—the Alerian MLP Index (^AMZ)—was up 1.9% for the week ended July 14, 2017.
TransCanada (TRP) expects to spend 25 billion Canadian dollars on capital projects over the next three years.
Of the Wall Street analysts surveyed by Reuters, ~86.7% rated TransCanada (TRP) a “buy” and ~13.3% rated it a “hold.”
TransCanada’s (TRP) Keystone XL pipeline project is a crude oil pipeline beginning in Hardisty, Alberta, and extending to Steele City, Nebraska.
TransCanada (TRP) operates through five segments—Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy.
TransCanada (TRP) was founded more than 65 years ago, and its operations spread across seven Canadian provinces, 38 US states, and Mexico.
Of the analysts surveyed by Reuters, ~68% rated Kinder Morgan as a “buy” and ~32% rated it as a “hold,” and none of the analysts rated it as a “sell.”
Kinder Morgan carries its operations through five reportable segments. The Natural Gas Pipelines segment is Kinder Morgan’s largest business segment.
Kinder Morgan (KMI) reduced its net debt by $3.1 billion in 2016. Its net debt was $38.2 billion at the end of 2016 and $37.8 billion at the end of 1Q17.
In 1Q17, Kinder Morgan (KMI) reported DCF (distributable cash flow) of $1.22 billion—almost flat compared to $1.23 billion in 1Q16.
Kinder Morgan’s (KMI) natural gas transport volumes grew 1.4% YoY (year-over-year) in 1Q17. The growth was driven by throughput on new projects.
Analysts surveyed by Reuters expect Kinder Morgan’s 2Q17 net income to remain flat compared to its 2Q16 income. The net income is expected to fall 16%.
Kinder Morgan is expected to report its 2Q17 earnings on July 19. Analysts surveyed by Reuters expect Kinder Morgan’s 2Q17 EPS to be $0.15.
Williams Companies (WMB) midstream master limited partnership subsidiary, Williams Partners (WPZ), has a strong presence in the US Northeast.