Enable Midstream Partners LP
Midstream Stocks Approach 52-Week Lows: Time to Buy?
Several midstream stocks hit their respective 52-week lows in the last five days. Crude oil prices took a hit yesterday amid concerns over trade talks.
Analyzing MLPs With Solid Total Return Potential
Energy Transfer (ET) offers an estimated upside of more than 43%. The company has a median target price of $21.1.
Midstream Stocks Outperformed the Energy Space Last Week
Last week (ended July 5), midstream stock EnLink Midstream LLC (ENLC) outperformed the energy space. Here’s a summary of midstream stocks’ performance.
Enable Midstream Partners Offers a Solid Total Return Potential
Enable Midstream Partners (ENBL) has a potential upside of 24% based on its median target price of $16.91.
MLP and Midstream Rating Updates Last Week
On February 19, TD Securities raised its target price for Enbridge (ENB) from 56 Canadian dollars to 57 Canadian dollars.
Phillips 66 Partners: Analysts Updated the Target Price
On February 11, Stifel cut its rating for Phillips 66 Partners from “buy” to “hold.” Stifel raised its target price for the stock from $50 to $52.
These Stocks Outperformed the Energy Space Last Week
Between January 18 and January 25, oilfield services stock Weatherford International rose the most among the energy stocks under review in this series.
The Top Five Losses in the Energy Space Last Week
Between January 11 and January 18, upstream stock Laredo Petroleum (LPI) fell the most among our set of selected energy stocks.
7 MLPs Offering a Yield above 7%
MLPs are performing well in 2019. In this series, we’ll take a look at MLPs trading at a yield higher than 7%.
HEP, ENBL, GEL, DM: Top MLP Gainers Last Week
Holly Energy Partners (HEP), Enable Midstream Partners (ENBL), and Genesis Energy (GEL) were the top MLP gainers last week.
NGL Energy Partners Has the Highest Upside Potential
Currently, NGL Energy Partners (NGL) stock offers an upside potential of 25% based on analysts’ median target price of $15.5.
Top MLP Gainers in the Week Ending June 1
Calumet Specialty Products Partners (CLMT) was the top MLP gainer in the week ending June 1. Calumet Specialty Products Partners rallied 23.9%.
Largest Injection in US Natural Gas Inventories since 2015
The EIA reported that US natural gas inventories increased by 91 Bcf (billion cubic feet) to 1,629 Bcf on May 11–18.
MLP Rating Updates for the Week Ended March 30
Cheniere Energy Partners (CQP), the MLP midstream subsidiary of Cheniere Energy (LNG), saw an upward revision of its target price last week.
What Drove Enable Midstream Partners’ Earnings Growth in 4Q17?
Enable Midstream Partners posted a 9.2% YoY (year-over-year) rise in its adjusted EBITDA in its most recent quarter.
EQT Midstream Partners Posted 20.0% Earnings Growth in 2017
EQT Midstream Partners posted a strong 18.0% YoY (year-over-year) rise in its EBITDA during the most recent quarter.
Why PAA Was the Biggest MLP Loser Last Week
Plains All American Pipeline (PAA) was the biggest MLP loser last week, which ended on January 19, 2018. The partnership ended the week 6.1% lower.
Who Were the Top MLP Losers Last Week?
Four of the top MLP losers last week were marine transportation MLPs, including GMLP, CPLP, KNOP, and NAP.
These MLPs Have the Highest Correlations with Natural Gas
In this series, we’ll look at the MLPs that have the highest correlations with natural gas amid the volatility in natural gas prices.
MLPs’ Rating Updates during the Week Ending November 24
In the week ending November 24, JPMorgan Chase lowered Energy Transfer Equity’s (ETE) target price and downgraded Enable Midstream Partners (ENBL).
WES, ENLK, ENBL, DCP: Comparing Leverage Positions
DCP Midstream (DCP) has the highest total outstanding debt among our select peers. DCP’s total outstanding debt was $5.2 billion as of September 30.
What Drove Enable Midstream Partners’ Earnings Growth in 3Q17
Earnings in 3Q17 Midstream MLP Enable Midstream Partners (ENBL), involved in natural gas gathering, processing, and transportation, continued to see earnings growth in 3Q17. ENBL’s adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) rose 2.5% to $250 million in 3Q17 from $244 million in 3Q16. Moreover, the partnership beat its 3Q17 EBITDA estimate by 8.9%. […]
Is EnLink Midstream Partners a ‘Buy’ before Its 3Q17 Earnings?
For EnLink Midstream Partners, 56.3% of the analysts rate it as a “hold,” 37.5% rate it as a “buy,” and 6.3% rate it as a “sell” as of October 24, 2017.
These MLPs Rose More than 6.0% in the Week Ended September 29
Upstream MLPs EV Energy Partners (EVEP), Mid-Con Energy Partners (MCEP), and Legacy Reserves (LGCY) rose 17.6%, 13.7%, and 11.8%, respectively, in the week ended September 29.
Analysts’ Views on Enable Midstream Partners
Analyst ratings for Enable Midstream Partners Of the analysts covering Enable Midstream Partners (ENBL), 46.0% rated it “buy,” 39% rated it “hold,” and the remaining 15% rated “sell” on September 12, 2017. Credit Suisse last upgraded ENBL to “outperform,” which is equivalent to “buy,” in May 2017. Overall, the partnership has seen three rating updates […]
Why Institutional Investors are Bearish on Enable Midstream
Recent institutional activity in ENBL In the recent quarter, Enable Midstream Partners (ENBL) saw a total addition of 1.7 million positions, while 2.1 million positions were sold, which could indicate a bearish sentiment. However, among the top institutional holders of ENBL, 0.2 million positions were added. Fidelity Management & Research and Brookfield Investment Management were […]
Enable Midstream Partners’ Technical Indicators
Enable Midstream Partners’ moving averages Enable Midstream Partners (ENBL) has been trading below its 50-day and 200-day moving averages since June 2017, which may indicate a bearish sentiment towards ENBL stock. It was trading 1.3% below its 50-day average and 6.7% below its 200-day average as of September 13. In comparison, peers EnLink Midstream Partners […]
A Look at Enable’s Leverage Position
Enable Midstream Partners’ outstanding debt Enable Midstream Partners (ENBL) ended 2Q17 with a total outstanding debt of $3.1 billion, which is 1.3% higher than its debt outstanding at the end of 2016. The slight increase in the partnership’s outstanding debt could be attributed to the funding of organic projects. ENBL had $1.8 billion in liquidity under […]
Enable Midstream’s Commodity Price Sensitivities
Enable Midstream’s commodity price sensitivities In this article, we’ll look into Enable Midstream Partners’ (ENBL) commodity price sensitivities and exposure. The partnership expects every 10% change in NGL (natural gas liquid) and condensate prices to affect its net income and adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) by $1 million and $2 million […]
Enable Midstream to Acquire Align Midstream for $300 Million
Enable Midstream Partners (ENBL) announced the signing of a merger agreement to acquire Align Midstream on September 12. In this series, we’ll assess whether ENBL could gain upward momentum.
Downstream MLPs among Top MLP Gainers Last Week
US downstream MLPs, including Calumet Specialty Products Partners (CLMT), Alon USA Partners (ALDW), and CVR Refining (CVRR), were among the top five MLP gainers last week.
These Energy Stocks Rose the Most Last Week
Oil field services stock CARBO Ceramics (CRR) was the biggest gainer among the energy sector stocks last week.
DCP Midstream’s Short Interest Is the Highest among Its Peers
Short interest in DCP Midstream was ~5.6 million shares on June 27, 2017. At the same time, its short interest as a percentage of float ratio was 3.8%, the highest among its selected peers.
Which Segment Will Drive Williams Partners’ 1Q17 Performance?
Williams Companies (WMB) operates as a GP (general partner) of Williams Partners (WPZ) with very few business assets.…
What Drove Crestwood Equity Partners’s 4Q16 EBITDA Growth?
Crestwood Equity Partners (CEQP) reported its 4Q16 earnings on February 21, 2017. Its 4Q16 adjusted EBITDA increased to $125.6 million from $118.9 million in 4Q15, a year-over-year increase of 5.6%.
Here’s What Will Drive Western Gas Partners’ 4Q16 EBITDA
Western Gas Partners (WES) and its general partner, Western Gas Equity Partners (WGP), are set to release their 4Q16 earnings on February 22, 2017.
What Enable Midstream’s Valuation Indicates before Its Earnings
Enable Midstream Partners’ forward EV-to-EBITDA multiple, which is based on the EBITDA estimate for the next 12 months, is 12.5x.
Enable Midstream Could Benefit from Strong STACK Focus in 4Q16
Enable Midstream Partners (ENBL) is expected to benefit the most from increased drilling activity in the SCOOP and STACK plays in 4Q16.
This Segment Will Drive EnLink Midstream’s 4Q16 Results
ENLK expects central Oklahoma region to become its largest operating region by the end of 2017.
Why DCP Midstream Partners Fell after Simplification Announcement
DCP Midstream Partners’s (DPM) simplification received a negative reaction from investors. DPM fell 4.3% in two trading sessions following the announcement.
Option Traders: High Implied Volatility Midstream Stocks
On December 20, 2016, Teekay LNG Partners (TGP) had an implied volatility of 44.7%—the highest among the midstream companies that make up AMLP.
A Look at Enable Midstream’s Implied Volatility
Enable Midstream Partners’ (ENBL) implied volatility has fallen significantly after rising to more than 100.0% at the beginning of 2016.
A Look at Enable Midstream Partners’ 2017 Hedging Position
Enable Midstream Partners (ENBL) is exposed to natural gas and NGL (natural gas liquids) prices through its natural gas processing business.
Why High Leverage Isn’t a Concern for Enable Midstream Partners
Enable Midstream Partners (ENBL) ended 3Q16 with a total outstanding debt of $3.1 billion, which is $442.0 million higher than at the end of 2015.
How Enable Midstream Benefits from Position in SCOOP and STACK
Enable Midstream Partners (ENBL) is expected to benefit the most from increased drilling activity in the SCOOP and STACK plays. It’s the top processor in the region.
How the Slight Recovery in MLPs Pushed Them ahead of the S&P 500
During the early-2016 fall in US energy prices, investors dumped anything related to oil and natural gas. Even MLPs saw major sell-offs.
What to Expect from CenterPoint Energy’s 3Q16 Earnings
Analysts expect CenterPoint to earn $0.37 per share in 3Q16. It reported earnings of $0.34 per share in the corresponding quarter last year.
What Boardwalk Pipeline’s Valuation Indicates ahead of 3Q Results
Boardwalk Pipeline Partners has risen 30.3% since the beginning of 2016. At the same time, the Alerian MLP ETF has risen 4.0%.
Energy Transfer Equity: The Leader in Implied Volatility
On September 26, 2016, Energy Transfer Equity (ETE) had an implied volatility of 46.1%, the highest among the midstream companies.
Option Traders: Look at These Midstream Stocks
On September 19, 2016, Teekay LNG Partners (TGP) had an implied volatility of 43.3%, the highest among the midstream companies. Its 15-day average implied volatility was 45.6%, and its current volatility was 5% below its 15-day average.
All You Want to Know about Williams’s Organizational Realignment
Williams Companies (WMB) recently announced its plan to realign its business segment to advance its natural gas–focused strategy and lower costs.
Does CenterPoint Face More Correction after Declines since July?
After rising more than 30% since the beginning of the year, CenterPoint Energy (CNP) began a downward fall last month. Since July 22, 2016, it has fallen nearly 12%.
Midstream Stocks with High and Low Implied Volatilities
As of September 2, 2016, Enable Midstream Partners (ENBL) had the highest implied volatility at 45.6% among all of the midstream companies.
Ethane Prices Continued to Slide Last Week
Mont Belvieu ethane prices fell by 3.6% during the week ended August 12, 2016. Ethane closed at $0.17 per gallon last week.
MLP Reactions: Natural Gas Fell 3.6% in the Week Ended August 5
NYMEX near-month Henry Hub natural gas futures contracts fell 3.6% during the week ended August 5, 2016, to close at $2.77 per million British thermal units.
Which Segment Will Drive DCP Midstream’s 2Q16 Performance?
DCP Midstream Partners’ (DPM) Natural Gas Services segment mainly provides natural gas gathering, processing, compression, and transportation services.
Jefferies Downgrades NiSource to an ‘Underperform’
According to Wall Street analysts’ estimates, NiSource (NI) has a one-year median price target of $22.65 compared to its current market price of $26.
Will NiSource Beat Revenue Estimates in 2Q16?
NiSource will report its 2Q16 results on August 2, 2016. According to estimates, NiSource is expected to report revenue of $1 billion for the quarter.
Ethane Prices Continued to Fall Last Week: The Impact on MLPs
Mont Belvieu ethane prices fell for the third consecutive week ending July 15, 2016. Prices fell 2.6% during the week to close at $0.19 per gallon.
Enable Midstream’s Dividend Reinvestment Plan: Must-Knows
Enable Midstream Partners (ENBL) announced a dividend reinvestment plan on June 23.
Returns for Midstream Stocks with High and Low Implied Volatility
Buckeye Partners (BPL) had the lowest implied volatility figures among all of the midstream companies as of June 20, 2016.
Ethane Prices Fell Last Week: How It Impacted MLPs
Mont Belvieu ethane prices fell last week after rallying for three consecutive weeks. Ethane fell by 1.6% to $0.228 per gallon in the week ended June 17, 2016.
What Does NuStar Energy’s Current Valuation Say?
NuStar Energy’s undervaluation relative to its own historical valuation might indicate a buying opportunity.
Natural Gas Continued to Rally Last Week: How Were MLPs Affected?
Natural gas prices rose by 6.6% during the week ended June 10, 2016. They closed at $2.56 per MMBtu (British thermal units in millions) on June 10.
How Last Week’s Rise in Ethane Prices Affected MLPs
Mont Belvieu ethane prices rose 4.4% to $0.21 per gallon in the week ending June 3, 2016.
Natural Gas Prices Rose on Warm Weather: What’s the Impact on MLPs?
NYMEX near-month Henry Hub natural gas futures contracts rose last week after three consecutive weekly declines.
Why Did Williams Partners’ EBITDA Grow in 1Q16?
Williams Companies (WMB) and its MLP subsidiary, Williams Partners (WPZ), reported their 1Q16 earnings on May 4, 2016.
Which Segment Will Drive Energy Transfer Partners’ 1Q16 Results?
Energy Transfer Partners’ (ETP) Midstream segment mainly provides natural gas gathering and processing services.
Kinder Morgan’s Commodity Price Exposure after 1Q16
Kinder Morgan (KMI) is directly exposed to crude oil and natural gas prices through its CO2-based crude oil production and natural gas midstream businesses.
Ethane Prices Continue to Rally: How It Impacted MLPs
Ethane prices rallied for the second consecutive week ending April 15. Mont Belvieu ethane prices rose 11.3% to $0.20 per gallon in the same week.
How Recovery in Natural Gas Prices Impacts MLPs
NYMEX near-month Henry Hub natural gas futures contracts rose for the week ending April 1, 2016, as the natural gas withdrawals for the week were higher than the historical average.
Gauging the Impact of Ethane Prices on MLPs
Mont Belvieu ethane prices remained flat for the second consecutive week at nearly $0.18 per gallon in the week ending March 25, 2016.
Ethane Prices Remain Flat: How Does This Impact MLPs?
Mont Belvieu ethane prices remained flat at $0.18 per gallon for the week ending March 18, 2016.
How Does the Ongoing Natural Gas Rally Impact MLPs?
NYMEX near-month Henry Hub natural gas futures contracts continued to rally last week. There are two ways that natural gas prices impact energy MLPs.
Ethane Prices Continue to Rise: How It’s Impacting MLPs
Mont Belvieu ethane prices rose 12.6% to $0.179 per gallon in the week ending March 11. Prices jumped by 13.4% to $0.159 per gallon in the previous week.
Where Does DCP Midstream Stand Compared to Its Peers?
DCP Midstream Partners (DPM) has an enterprise value of $2.7 billion.
How Will Milder Weather Affect CenterPoint Energy’s 4Q15 Numbers?
Analysts are expecting CNP’s earnings to come in at $0.23 per share in 4Q15 versus its earnings of $0.36 per share in 4Q14.
Why Crestwood Equity Is One of the Worst-Performing MLPs
Crestwood Equity Partners (CEQP) has fallen 87.1% in the past year. CEQP’s underperformance can be attributed to its stagnant distributions, declining throughput volumes, and high leverage.
Which Segment Will Drive Crestwood Equity’s 4Q15 Performance?
Crestwood Equity Partners’ (CEQP) Gathering and Processing segment, which mainly provides natural gas gathering, processing, and compression services, saw its 3Q15 EBITDA fall by 9.7% YoY (year-over-year) as compared to 3Q14.
Why Were EnLink Midstream’s Distributions Flat in 4Q15?
EnLink Midstream Partners (ENLK) declared distributions of $0.39 per share for 4Q15. This represents a flat distribution over the previous quarter and a 4.0% YoY increase over 4Q14.
EnLink Midstream’s 4Q15 EBITDA Estimates: Key for Investors?
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.
Kinder Morgan Stock Rallied after 4Q15 Earnings
Kinder Morgan’s (KMI) shares rallied as high as 17.9% during early trading on Thursday, following the 4Q15 earnings announcement.
Spectra Energy Partners Maintains Conservative Leverage
Spectra Energy Partners’ debt-to-equity ratio has remained below 1 over the last two years. A ratio of below 1 is considered pretty conservative for MLPs.
ONEOK Trades at a Higher Yield Compared to Peers
Despite an expected dividend growth close to the peer average, ONEOK has a higher forward yield compared to the average for its peers.
ONEOK Trades at a Forward Yield Higher Than 12%
ONEOK (OKE) currently trades at a forward dividend yield of 12.6%. This is much higher than its five-year average of 4.6%. It’s in line with the broader midstream energy sector.
Why ONEOK’s Leverage Is a Key Concern for Investors
Despite a decrease in the last two quarters, ONEOK’s (OKE) debt-to-equity ratio is still 2.2x. It had a total outstanding debt of $8.7 billion at the end of 3Q15.
ONEOK: Trading 57% below Its 50-Day Moving Average
ONEOK (OKE) is currently trading 57% below its 50-day moving average. It’s generally been trading below its 50-day moving average since mid-2014 when energy prices began falling.
How Much Exposure Does Williams Companies Have to Commodity Prices?
The earnings of midstream companies do not have much direct commodity price exposure.
World Point Terminals: Top Midstream MLP Loser on October 30
World Point Terminals (WPT) was the top loser among midstream MLPs at the end of trading on Friday, October 30. It fell 5.1%.
Transmontaigne Partners: Top Midstream MLP Gainer on October 26
Transmontaigne Partners (TLP) was the top gainer among midstream MLPs at the end of trading on Monday, October 26. It rose 3.1%.
Kinder Morgan Lowered Its 2016 Dividend Guidance
Kinder Morgan is expected to meet its 2015 dividend guidance of $2 per share. This would represent a 15% year-over-year growth over 2014 by the end of 2015.
Which Segments Drove Kinder Morgan’s 3Q15 Performance?
Kinder Morgan’s 3Q15 performance may have suffered due to poor performance from its CO2, Natural Gas Pipelines, and Kinder Morgan Canada segments.
Transmontaigne Partners: Best Midstream MLP Performer on September 29
Transmontaigne Partners (TLP) was the best performer among midstream MLPs at the end of trading on Tuesday, September 29. It rose 2.09%.
JP Energy Partners: Best Midstream MLP Performer on September 11
JP Energy Partners (JPEP) was the best performer among midstream MLPs at the end of trading on September 11. It rose 3.31% in a single trading session.
Midcoast Energy Partners: Top Midstream MLP Gainer on September 3
Midcoast Energy Partners (MEP) was the top gainer among midstream MLPs at the end of trading on Thursday, September 3. It rose 3.18% yesterday.
JP Energy Partners: Top Midstream MLP Loser on September 2
JP Energy Partners (JPEP) was the top loser among midstream MLPs at the end of trading on September 2, falling 8.08%. JPEP stock has been on a roller coaster ride for the past few days.
Antero Midstream Partners: Top Midstream MLP Gainer on August 20
Antero Midstream Partners (AM) was the top gainer among midstream MLPs at the end of trading on August 20. It rose 2.07% in a single trading session.
Columbia Pipeline: Top Midstream MLP Loser on Tuesday, August 11
Columbia Pipeline Partners (CPPL) was the top loser among midstream MLPs at the end of trading on Tuesday, August 11. It fell 5.79% yesterday.
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.
Analysts Increase Energy Transfer Partners’ 2Q15 EBITDA Estimate
ETP’s 1Q15 EBITDA estimate was $1,208.4 million and its EBITDA was $905 million, a ~25.1 % miss.