Crestwood Midstream Partners LP
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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%.
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.
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.
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.
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).
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.
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.
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.
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.
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.
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%.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
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 […]
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 […]
