RECENT Income RESEARCH
Buckeye Partners (BPL) stock is trading close to its four-year lows. BPL saw a new 52-week low of $50.90 on October 25.
CVR Refining (CVRR) reported its 3Q17 results on November 1, 2017. Its adjusted EBITDA for the quarter rose to $138.6 million from $75.3 million in 3Q16.
The analysts’ 3Q17 consensus EBITDA estimate for ETP is ~$1.6 billion—14.1% higher than its 3Q16 adjusted EBITDA and 0.8% lower than in 2Q17.
Hi-Crush Partners (HCLP) reported its 3Q17 results on October 31, 2017. The company’s EBITDA rose 56% from 2Q17 to $41.8 million in 3Q17.
MLPs’ sluggishness continued last week despite strong crude oil. The Alerian MLP Index (^AMZ), which tracks the performance of 50 energy MLPs, fell 1.2% last week.
It has been almost a decade since the onset of the worst financial crisis after the Great Depression, and the US Fed has embarked on a monetary path it has never taken before.
Wall Street analysts’ 3Q17 consensus revenue estimate for Cheniere Energy is $1.29 billion, which is 177.7% higher than the revenue in 3Q16.
MPLX (MPLX) reported its 3Q17 results on October 26. MPLX’s earnings before interest, tax, depreciation, and amortization rose 43.0% to $538.0 million from $375.0 million in 3Q16.
President Trump released a framework for his tax reform in late September. This nine-page document is what members of Congress will use to write the final legislation, and so it understandably lacks…
Enterprise Products Partners is set to report its 3Q17 results on November 2, 2017. Analysts expect it to report an EBITDA of $1.37 billion for the quarter.
EnLink Midstream Partners (ENLK) and EnLink Midstream (ENLC) are scheduled to release their 3Q17 earnings on October 31, 2017.
ONEOK (OKE) is scheduled to report its 3Q17 results on October 31, 2017. On October 25, 2017, ONEOK declared a dividend of $0.745 per share.
Atlanta Federal Reserve president and CEO, Raphael Bostic, recently spoke at a conference about the Fed’s balance sheet normalization program.
Williams Companies (WMB) and its MLP subsidiary, Williams Partners (WPZ), are scheduled to release their 3Q17 earnings on November 1. In this series, we’ll discuss WMB’s and WPZ’s 3Q17 estimates and performance.
Kinder Morgan (KMI) fell 1.8% last week (ended October 20), while Enterprise Products Partners (EPD) and ONEOK (OKE) fell ~4.3% and ~0.8%, respectively.
Low volatility investment strategies don’t need high levels of market volatility to do well. Market volatility tends to cluster: it can be subdued and then burst higher.
Cheniere Energy (LNG) has been on an upward trend for most of October, having risen 5.1% since the start of the month.
Western Gas Partners (WES) and its GP (general partner) Western Gas Equity Partners (WGP) are scheduled to release their 3Q17 earnings on October 31, 2017.
Buckeye Partners is scheduled to release its 3Q17 earnings on November 3, 2017. Wall Street analysts’ 3Q17 consensus EBITDA estimate is $271.5 million.
Enterprise Products Partners (EPD) recently announced a distribution increase for 3Q17. EPD is scheduled to report its 3Q17 results on November 2, 2017.