So far in 2017, most MLPs are trading in negative territory despite strong crude oil prices. The Alerian MLP ETF (AMLP), which comprises 25 energy MLPs, has lost 16.3% year-to-date.
Boardwalk Pipeline Partners (BWP), a midstream MLP mainly involved in natural gas and NGLs transportation and storage, ranks second among MLPs in terms of correlation with natural gas.
Sanchez Production Partners (SNMP), the midstream MLP involved mainly in natural gas gathering, compression, and processing, was the biggest MLP loser last week.
Boardwalk Pipeline Partners, a midstream MLP mainly involved in natural gas and NGL transportation and storage, is among Credit Suisse’s top MLP picks.
According to the recent rigs report published by Baker Hughes (BHI), the region’s rig count had risen to 41 as of March 10, 2017, compared to its all-time low of 21 in August 2016.
On March 13, EnLink Midstream had a short-interest-to-equity float ratio of 10.1%—the highest among the midstream stocks in the Alerian MLP ETF (AMLP).
Natural Gas Services DCP Midstream Partners’ (DPM) Natural Gas Services segment mainly provides natural gas gathering, processing, compression, and transportation services. Natural Gas Services is DPM’s largest business segment. It alone accounted for 63.8% of DPM’s 2Q16 adjusted EBITDA (earnings before interest, tax, depreciation, and amortization). The segment’s 3Q16 earnings could be negatively impacted by […]
Crestwood Equity’s 2Q16 adjusted earnings before interest, tax, depreciation, and amortization fell 20.0% year-over-year to $106.5 million from $133.1 million in 2Q15.
Boardwalk Pipeline Partners (BWP) is currently trading at a price-to-distributable cash flow of 8.8x. The partnership is trading slightly above the ten quarters’ historical average of 8.5x.
According to the recent Short-Term Energy Outlook report by the EIA, natural gas consumption is expected to increase to 76.6 billion cubic feet per day in 2016 and 77.8 Bcfpd in 2017.
Boardwalk Pipeline Partners (BWP), which mainly provides natural gas and natural gas liquids transportation and storage services, has gained 32.1% year-to-date. BWP is still trading 27.2% lower compared to the levels before the distribution cuts.
Cheniere Energy’s (LNG) total outstanding debt at the end of first quarter of 2016 was $16.3 billion. That’s $4.2 billion higher than the total debt outstanding in 1Q15.
On a broad level, 53.9% of analysts rate Williams Partners as a “buy” and the remaining 46.2% rate it as a “hold.” The MLP has no sell recommendations.
EQT Midstream’s forward EV-to-EBITDA multiple of 11.3x is lower than the peer average of 11.9x. Its leverage of 1.3x is the lowest among the peer group.
BWP has returned 26.6% since the beginning of 2016. Spectra Energy Partners, Cone Midstream Partners, and TC Pipelines have returned 4.4%, 44.4%, and 10.5%.
EnLink Midstream Partners (ENLK) is expected to release its 4Q15 earnings on February 17, 2016. In this series, we’ll cover 4Q15 estimates, segment earnings, performance, and recommendations.
The consensus revenue estimate for ONEOK Partners (OKS) for the third quarter of 2015 is $2.6 billion. OKS missed revenue estimates by 23% in the second quarter of 2015.
In this series, we’ll take a look at ONEOK Partners’ revenue and EBITDA estimates for 3Q15 before its anticipated earnings release on November 3, 2015.
In the second quarter of 2015, OKS issued ~5.5 million common units through its at-the-market program. In 1Q15, ONEOK Partners issued ~1.7 million common units through this program.
Boardwalk Pipeline Partners’ (BWP) unit price increased 15% in the past one year, while Sunoco Logistics’ (SXL) fell 5% and DCP Midstream Partners’ (DPM) dropped 27%.
In the past 12 quarters, since 1Q12, DCP Midstream’s distribution per unit increased 18% to $0.78 per unit in 4Q14. Since 4Q13, distribution increased 6%.
There’s a variety of issues that have affected DCP Midstream’s operations and performance. How much have they affected DCP Midstream’s market performance?
Sunoco Logistics Partners (SXL) is an energy midstream master limited partnership. It operates crude oil, natural gas, refined products, and natural gas liquids pipeline and terminal assets.
So, by the time any other facilities come online, Cheniere’s facilities will already be in place. And, Cheniere is likely to enjoy its front-of-the-line advantage for a little while longer.
Generally, most of the midstream companies enter into contracts with the producers of natural gas, such as Chesapeake Energy (CHK) or Range Resources (RRC).
Following the sale of the remaining 50% ownership interest in asphalt JV to Lindsay Goldberg in February 2014, NuStar is on course to improve its margin from the Fuels Marketing segment.
On April 24, 2014, NuStar Energy, a master limited partnership operating in the midstream energy space, presented its earnings for the first quarter of 2014.
This article considers the prospects for small cap growth shares such as OAS within the context of the Fed’s dovish March 31 commentary, which has continued to support the equity market.
Boardwalk Pipeline Partners (BWP) is a master limited partnership that provides transportation, storage, gathering, and processing services for natural gas and natural gas liquids.
