RECENT MLPs RESEARCH
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.
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.
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.
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.
Crude oil prices began falling in 2Q14, driven by growing global crude supplies and weakened demand. In this series, we’ll look at the top ten MLPs based on their three-year total returns.
MLPs were weak in the week ending October 13, 2017, after rising for two consecutive weeks. They were weak despite a recovery in crude oil prices.
Kinder Morgan (KMI) fell 1.4% in the week ending October 13, 2017. Enterprise Products Partners (EPD) and ONEOK (OKE) rose nearly 0.5% for the week.
Genesis Energy (GEL), the Texas-based midstream MLP, shocked its investors with a distribution cut announcement on October 12, 2017.
Energy Transfer Equity (ETE) had a strong start to October. It had rallied 4.9% as of October 11, 2017.
William Companies has been underperforming the Alerian MLP ETF (AMLP) since the beginning of this month. Williams Companies has risen 0.5% in October.
On October 12, 2017, Enterprise Products Partners (EPD) announced a 0.6% increase in its quarterly distribution for 3Q17.