Crestwood Midstream Partners LP

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  • uploads///Worst
    Macroeconomic Analysis

    Transmontaigne Partners: Worst Midstream Performer on September 30

    Transmontaigne Partners (TLP) was the worst performer among midstream MLPs at the end of trading on Wednesday, September 30. It lost 2.16%.

    By Kurt Gallon
  • uploads///broker recommendations midcoast energy
    Company & Industry Overviews

    More than Half of Analysts Surveyed Rate Midcoast Energy a ‘Hold’

    Of the analysts surveyed by Bloomberg, 22% rate Midcoast Energy Partners (MEP) a “buy,” and 56% rate it a “hold.” About 22% rate it a “sell.” Its consensus target price is $13.40.

    By Rekha Khandelwal, CFA
  • uploads///meps distributable cash flows
    Company & Industry Overviews

    Midcoast Energy’s Distributable Cash Flows Are Growing

    Midcoast Energy Partners’ (MEP) distributable cash flows increased in 2Q15 compared to 1Q15 and 2Q14. Its distributable cash flows have shown a rising trend since listing.

    By Rekha Khandelwal, CFA
  • uploads///meps operational metrics
    Company & Industry Overviews

    Commodity Prices Impact Midcoast Energy’s Operations

    Midcoast Energy Partners’ (MEP) natural gas throughput volumes fell in 2Q15 compared to 1Q15 and 2Q14. The decrease was primarily due to the low commodity price environment for natural gas and NGLs.

    By Rekha Khandelwal, CFA
  • uploads///year to date returns for mepoks
    Company & Industry Overviews

    Midcoast Energy’s Year-to-Date Returns Exceed Industry Average

    Midcoast Energy Partners’ (MEP) year-to-date total returns are -12.2%. It gathers, processes, transports, and markets natural gas and NGLs (natural gas liquids).

    By Rekha Khandelwal, CFA
  • uploads///AMLP
    Macroeconomic Analysis

    The AMLP ETF Disappointed Last Week

    The Alerian MLP ETF (AMLP) fell 2.94% in the week ended September 11. The ETF tracks an index of 23 midstream MLP companies.

    By Keisha Bandz
  • uploads///Losers
    Macroeconomic Analysis

    Rose Rock Midstream: Top Midstream MLP Loser on August 25

    Rose Rock Midstream (RRMS) was the top loser among midstream MLPs at the end of trading on Tuesday, August 25. It fell 4.71% in a single trading session.

    By Kurt Gallon
  • uploads///Distribution per unit
    Earnings Report

    Crestwood Midstream’s Outlook for the Rest of 2015

    According to Wall Street analysts’ estimates, Crestwood Midstream Partners’ (CMLP) distributions are expected to stay flat for the rest of 2015.

    By Kurt Gallon
  • uploads///EBITDA Breakdown
    Earnings Report

    Which Segment Could Drive Energy Transfer Partners’ 2Q15 Show?

    Energy Transfer Partners’ Midstream segment became its largest business segment after the completion of its merger with Regency Energy Partners merger in April 2015.

    By Kurt Gallon
  • uploads///Losers
    Macroeconomic Analysis

    Antero Midstream: Top Midstream Loser on Friday, July 31

    Antero Midstream Partners (AM) was the top loser among midstream MLPs at the end of trading on Friday, July 31. It fell 5.02%. It has returned -2.98% YTD.

    By Kurt Gallon
  • uploads///Gainers
    Macroeconomic Analysis

    MarkWest Energy Rallies on the Announcement of a Merger with MPLX

    MarkWest Energy Partners (MWE) was the top gainer among midstream MLPs at the end of trading on Monday, July 13. Yesterday, it rose 13.96%.

    By Kurt Gallon
  • uploads///Worst Performers
    Macroeconomic Analysis

    Midstream MLPs: Who Were the Worst Performers on June 25?

    Enbridge Energy Partners (EEP) was the worst performing stock among midstream MLPs at the end of trading on Thursday, June 25. It fell 2.5% yesterday.

    By Kurt Gallon
  • uploads///Losers
    Macroeconomic Analysis

    Crestwood Midstream, Buckeye Partners: Biggest Losers on June 24

    At the end of trading on Wednesday, June 24, Crestwood Midstream Partners (CMLP) took a huge tumble and became the biggest loser among midstream MLPs. The day before, CMLP was the top gainer.

    By Kurt Gallon
  • uploads///Crude oil and natural gas forecast
    Earnings Report

    Why Watch Kinder Morgan’s Commodity Price Exposure in 2Q15?

    Kinder Morgan operates like a toll road or fee-based business with limited commodity price exposure. About 85% of KMI’s 2015 budgeted EBDA is fee-based, and 94% is fee-based or hedged.

    By Kurt Gallon
  • uploads///EBITDA breakdown
    Earnings Report

    Which Segment Will Drive Kinder Morgan’s 2Q15 Performance?

    Natural Gas Pipelines is Kinder Morgan’s largest segment in terms of EBDA. In 1Q15, the segment accounted for 57% of company’s total EBDA.

    By Kurt Gallon
  • uploads///Stock Price and Distribution
    Miscellaneous

    Why Crestwood Midstream Investors May Not Like the Merger

    Crestwood Midstream (CMLP) investors don’t seem satisfied with the expected distribution growth. CMLP stock 5.81% the day after the merger announcement and 11.6% on May 26.

    By Kurt Gallon
  • uploads///Merger
    Miscellaneous

    Crestwood Midstream Announces Merger with Crestwood Equity in May

    Crestwood Midstream Partners (CMLP) released its 1Q15 earnings on May 6. Its major announcement was the merger of CMLP and Crestwood Equity Partners (CEQP).

    By Kurt Gallon
  • uploads///Distribution Guidance v
    Earnings Report

    Why DCP Midstream Partners’ Coverage Ratio Could Increase

    DPM has substantial liquidity of $1.25 billion under its revolver credit facility. With a current debt-to-EBITDA ratio of 3.3x and a TTM coverage ratio of 1.1x, DPM has a cushion for raising fresh capital.

    By Kurt Gallon
  • uploads///Junk Bond Yields in  and
    Company & Industry Overviews

    Pharmaceuticals and Industrials Dominate High Yield Bond Issuance

    Investor appetite was strong for a lot of the high yield bonds that were priced in the market in the week ended March 13.

    By David Ashworth
  • uploads///TLM
    Fund Managers

    Paulson & Co. adds a new stake in Talisman Energy

    Talisman Energy is a global upstream oil and gas company headquartered in Canada. Revenue plunged to $44 million, down from $929 million in 2013.

    By Samantha Nielson
  • uploads///CEQPs Gas Storage Facility
    Energy & Utilities

    Must-know: An overview of Crestwood Equity’s natural gas storage services

    Storage and transportation segment earnings before interest, taxes, depreciation, and amortization (or EBITDA) totaled $38 million during the 1Q14.

    By Keisha Bandz
  • uploads///Regencys Marcellus Segment
    Energy & Utilities

    Regency’s PVR Midstream acquisition means Marcellus Shale exposure

    Regency recently acquired a foothold in the Marcellus by buying PVR Partners LP in March this year in a deal worth $5.6 billion, specifically to boost its footprint in the Appalachian Basin.

    By Keisha Bandz
  • uploads///
    Energy & Utilities

    Open capital markets mean easy access to funds for acquisitions

    Access to funds An important factor in the frenzy of M&A (mergers and acquisitions) activity in the midstream MLP space has been the ease of access to funds. Master limited partnerships (MLPs) generally don’t keep much cash on their balance sheet, as with the MLP structure, the majority of excess cash flow is paid out […]

    By Ingrid Pan
  • uploads///
    Energy & Utilities

    Must-know: Why is Regency’s acquisition of PVR Energy important?

    Gas prices may be low now, but long-term gas drilling is here to stay in North America Currently, natural gas prices are relatively depressed, and short-term natural gas drilling activity on the whole doesn’t appear to be rising (see Why natural gas rigs aren’t likely to rise much through year-end). However, Regency’s purchase of PVR […]

    By Ingrid Pan
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