As the graph shows, ETP’s multiple is also the lowest among the four MLPs. EPD’s EV-to-EBITDA, on the other hand, is the highest among the selected companies. Notably, EPD has historically traded at a slight premium valuation compared to peers based on its superior risk-return metrics.
Energy Transfer Partners is currently trading at a distribution yield of ~11.5%. In comparison, Plains All American Pipeline, Enterprise Products Partners, and Williams Partners are currently trading at yields of 9.4%, 6.2%, and 7.8%, respectively.
Learn more about MLPs that offer attractive yields in ETP, EEP, PAA, GEL Currently Yield above 9%: What Are the Risks?
Let’s take a look at moving averages and the recent performance of frac-sand producing MLP Hi-Crush Partners (HCLP) in the next part of the series.