Enterprise Products Partners LP

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  • An Overview of Genesis Energy’s Offshore Pipeline Segment
    Company & Industry Overviews

    An Overview of Genesis Energy’s Offshore Pipeline Segment

    Until recently, Genesis Energy’s Offshore Pipeline segment owned interest in ~1200 miles of offshore pipelines spread across five pipeline systems.

    By Kurt Gallon
  • uploads///hurricane harvey
    Company & Industry Overviews

    Hurricane Harvey Impacted Energy MLPs

    Hurricane Harvey hit the US Gulf Coast last week. The US Gulf Coast is a major destination for US refineries and energy infrastructure.

    By Kurt Gallon
  • uploads///kmi is up  percent in a year
    Company & Industry Overviews

    Will Kinder Morgan Stock Continue to Surge in 2017?

    Kinder Morgan stock has risen 44% in the past year, as compared to Enterprise Products Partners’ 32% rise and ONEOK’s 162% rise.

    By Rekha Khandelwal, CFA
  • uploads///Comps
    Energy & Utilities

    Snapshot: Valuing Williams Companies compared to its peers

    Enterprise Products Partners (EPD) is the largest company by market capitalization and enterprise value, or EV, among its closest peers. By market cap, Williams Companies (WMB) follows next.

    By Alex Chamberlin
  • uploads///nspc
    Energy & Utilities

    What Dragged Down MLPs Last Week?

    MLP sluggishness continued last week. The Alerian MLP Index, which tracks the performance of 50 energy infrastructure MLPs, ended the week 4.4% lower.

    By Kurt Gallon
  • uploads///Ethane prices
    Macroeconomic Analysis

    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.

    By Kurt Gallon
  • uploads///natural gas pipelines volumes
    Company & Industry Overviews

    ONEOK’s Natural Gas Pipelines Segment’s Volume Growth

    ONEOK’s (OKE) natural gas transportation capacity contracted was 6,593 Mdth/d (thousand dekatherms per day) in 3Q17 up from 6,300 Mdth/d in 3Q16.

    By Rekha Khandelwal, CFA
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    Energy & Utilities

    Why debt is now a less attractive financing source for master limited partnerships

    Master limited partnerships rely highly on external capital to fund growth Master limited partnerships or MLPs are specially structured entities that must pay out most of the cash they generate to unitholders. So MLPs rely especially on external funding sources (as opposed to internally generated cash) to execute growth projects and acquisitions. Because of this […]

    By Ingrid Pan
  • uploads///broker recommendations
    Earnings Report

    EPD’s 3Q16 Results: Is a Recovery in Energy Coming Soon?

    On the current state of the energy industry, EPD’s CEO Jim Teague said, “We are optimistic that the energy industry has weathered the harshest part of this cycle.”

    By Rekha Khandelwal, CFA
  • uploads///whats ahead for oke stock
    Miscellaneous

    Here’s What’s Ahead for Oneok Stock in the Short Term

    Oneok’s (OKE) 50-day and 200-day moving averages might act as resistance and support, respectively, for the stock in the short term.

    By Rekha Khandelwal, CFA
  • uploads///epds growth capital projects
    Earnings Report

    What Could Drive Enterprise Products Partners’s Growth?

    EPD has $5.3 billion of projects currently under construction that are expected to be operational by the end of 2018.

    By Rekha Khandelwal, CFA
  • uploads///distribution growth
    Earnings Report

    Enterprise Products Is Expected to Increase Distributions in 2015

    Enterprise Products trades at a distribution yield of ~4.9%. One of the reasons for EPD’s relatively lower distribution yield might be its distribution coverage ratio.

    By Rekha Khandelwal, CFA
  • uploads///epds ebitda by segment
    Company & Industry Overviews

    Which Segment Drives Enterprise Products Partners’ Performance?

    NGL Pipelines & Services is EPD’s largest segment. It contributed 54.0% of EPD’s EBITDA in 3Q16 and rose just 1.0% year-over-year.

    By Rekha Khandelwal, CFA
  • Energy & Utilities

    Why Genesis Energy and Buckeye Partners rely on Eagle Ford and the Permian

    Genesis Energy L.P. (GEL) is a master limited partnership (or MLP) that operates in the midstream segment of the oil and gas industry in the Gulf Coast region of the United States.

    By Alex Chamberlin
  • uploads///crude oil demand and supply
    Energy & Utilities

    What Might Cap Rising Crude Oil Prices?

    The US crude oil (USO) supply includes domestic production and imports. The supply gets consumed as inputs to refineries and exports.

    By Rekha Khandelwal, CFA
  • uploads///forward ev to ebitda
    Company & Industry Overviews

    What Does Kinder Morgan’s Valuation Indicate?

    Kinder Morgan (KMI) is currently trading at a forward EV-to-EBITDA multiple of nearly 12.0x.

    By Rekha Khandelwal, CFA
  • uploads///epds short interest
    Company & Industry Overviews

    What Short Interest in Enterprise Products Partners Stock Means

    Low short interest in EPD stock most likely indicates that not many investors expect its price to fall further in the near future.

    By Rekha Khandelwal, CFA
  • Energy & Utilities

    Why Sunoco Logistics has significant plans for the Permian Basin

    Sunoco Logistics Partners L.P. (SXL) is a master limited partnership (or MLP). Its Crude Oil Pipelines segment transport 4,900 miles of crude oil, primarily in Oklahoma and Texas.

    By Alex Chamberlin
  • uploads///forward ev to ebitda multiples
    Company & Industry Overviews

    ETE, EPD, KMI, and WMB: What the Current Valuations Indicate

    Kinder Morgan (KMI) is currently trading at a forward EV-to-EBITDA multiple of nearly 11.4x. This is much lower than its five-year average multiple of nearly 17.4x.

    By Rekha Khandelwal, CFA
  • uploads///PXDs Presence in the Eagle Ford Shale Play
    Energy & Utilities

    Why the Eagle Ford is a major focus for Pioneer Resources in 2014

    Pioneer kicked off full development in the Eagle Ford after signing a joint venture agreement with Reliance Industries (RIL) in June, 2010.

    By Keisha Bandz
  • uploads///institutional ownership
    Company & Industry Overviews

    What Does Institutional Investor Activity in TEP Indicate?

    Tortoise Capital Advisors, Alps Advisors, and Salient Capital Advisors are the top three institutional investors in Tallgrass Energy Partners (TEP).

    By Rekha Khandelwal, CFA
  • uploads///amz and  year treasury yield
    Company & Industry Overviews

    Are Rising Treasury Yields behind the Higher MLP Yields?

    The Alerian MLP Index is trading at a yield of ~7.9%, which is ~5% higher than US ten-year Treasury yields.

    By Rekha Khandelwal, CFA
  • uploads///pipeline image
    Energy & Utilities

    Weekly Wrap-Up: Kinder Morgan Fell Marginally Last Week

    Kinder Morgan (KMI) stock fell 0.3% in the week that ended on June 8.

    By Rekha Khandelwal, CFA
  • uploads///ANR
    Earnings Report

    What Analysts Recommend for ETP and ETE ahead of the 3Q17 Results

    Of the analysts surveyed by Reuters, 71.0% recommend a “buy” for Energy Transfer Equity (ETE), and the remaining 29.0% of analysts recommend “hold.”

    By Kurt Gallon
  • uploads///how did oke fare last week
    Company & Industry Overviews

    ONEOK Stock Rose Compared to the Energy Sector Last Week

    ONEOK (OKE) rose 4.4% for the week ending March 31, 2017. In comparison, the Energy Select Sector SPDR ETF (XLE) rose 2%.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Energy & Utilities

    MLPs Have Outperformed Broader Markets So Far in 2019

    Top MLP and midstream stocks have performed strongly so far in 2019. Stocks surged across the board.

    By Rekha Khandelwal, CFA
  • uploads///kmi fell
    Company & Industry Overviews

    Kinder Morgan Fell 1.8% Last Week—What’s Next?

    Kinder Morgan (KMI) fell 1.8% last week (ended October 20), while Enterprise Products Partners (EPD) and ONEOK (OKE) fell ~4.3% and ~0.8%, respectively.

    By Rekha Khandelwal, CFA
  • Energy & Utilities

    Why lower crude oil price estimates impact the midstream industry

    A falling inventory indicates that WTI crude oil is moving out of the inland U.S. towards end refining markets with help from new infrastructure coming online.

    By Alex Chamberlin
  • uploads///fractionation spread
    Macroeconomic Analysis

    Why Last Week’s Fall in Fractionation Spread Affects MLPs

    The Henry Hub–Mont Belvieu fractionation spread fell to $6.82 per barrel for the week ended August 28, 2015. The spread was $7.03 per barrel in the previous week.

    By Rekha Khandelwal, CFA
  • uploads///pipeline image
    Earnings Report

    Higher Permian Volumes Drove Plains All American’s 1Q18 Results

    Plains All American Pipeline reported its 1Q18 results on May 8 after the market closed. The company reported 16% YoY growth in the adjusted EBITDA.

    By Rekha Khandelwal, CFA
  • uploads///ratings
    Energy & Utilities

    The Top 7 Analyst Favorite MLPs

    Antero Midstream Partners, Viper Energy Partners, and Hoegh LNG Partners have the most “buys” among all the publicly traded limited partnerships.

    By Kurt Gallon
  • uploads///ung
    Macroeconomic Analysis

    UNG Mirrors Natural Gas as XOP Disappoints This Week

    UNG shares trade on the New York Stock Exchange like company stock. UNG fell just 0.41% between September 18 and September 24.

    By Keisha Bandz
  • uploads///featured image
    Company & Industry Overviews

    Top Three MLPs for Income Investors

    There’s a widespread consensus that the worst is over for the MLP sector. Savvy investors seem to be willing to give the sector a second chance.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Energy & Utilities

    Analyzing Trends in Top Midstream Companies’ Price Targets

    Six out of the top ten midstream companies currently have a lower mean price target than they had a year ago.

    By Rekha Khandelwal, CFA
  • uploads///stock _
    Energy & Utilities

    MLPs Recovered Slightly amid Strong Crude Oil Gains

    US crude oil rose 8.6% last week and ended at $67.4 per barrel. Geopolitical tension increased due to the crisis in Syria.

    By Kurt Gallon
  • uploads///nspc
    Energy & Utilities

    Why MLPs’ Sluggishness Continued Last Week

    MLPs’ sluggishness continued last week despite strong crude oil. The Alerian MLP Index (^AMZ), which tracks the performance of 50 energy MLPs, fell 1.2% last week.

    By Kurt Gallon
  • uploads///analyst recom
    Miscellaneous

    EEP on the Street: What the Analysts Are Saying

    The median target price for EEP as provided by surveyed analysts is $24, which implies a 37% price return in one year from EEP’s current price of $17.48.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Earnings Report

    Highlights from Kinder Morgan’s Fourth-Quarter Earnings

    Kinder Morgan reported its fourth-quarter earnings on January 16 after the markets closed. Kinder Morgan’s adjusted EPS grew ~19% YoY.

    By Rekha Khandelwal, CFA
  • Energy & Utilities

    Why National Fuel Gas is investing in pipeline expansions

    As we discussed previously in this series, National Fuel Gas (NFG) noted in its latest fiscal 3Q14 results that its earnings growth was driven by higher earnings in its Midstream and Upstream businesses.

    By Samantha Nielson
  • uploads///anr
    Energy & Utilities

    Energy Transfer Partners Mainly Received ‘Buy’ Ratings

    As of August 23, 2017, 82.0% of the analysts rate Energy Transfer Partners (ETP) as a “buy” and the remaining 18.0% rate it as a “hold.”

    By Kurt Gallon
  • uploads///analyst recom
    Earnings Report

    Is Kinder Morgan a ‘Buy’ Ahead of Its Q1 Results?

    Around 76% of Reuters-surveyed analysts have rated Kinder Morgan (KMI) as a “buy” or a “strong buy” as of April 9.

    By Rekha Khandelwal, CFA
  • uploads///analysts bullish on kmi
    Company & Industry Overviews

    The Word on the Street: What Analysts Are Saying about Kinder Morgan

    The analyst average target price for KMI for the next year is $24.8, which implies a 15% price return, as compared to KMI’s current price of $21.5.

    By Rekha Khandelwal, CFA
  • uploads///institutional ownership
    Earnings Report

    Are Institutional Investors Bullish on ONEOK?

    Institutions and strategic entities hold nearly 69.3% of ONEOK’s outstanding shares. ONEOK has 0.4 billion outstanding shares.

    By Rekha Khandelwal, CFA
  • uploads///analyst recommendations for kmi
    Earnings Report

    What Are Analysts’ Recommendations for Kinder Morgan?

    Of the analysts surveyed by Reuters, ~66.7% rated Kinder Morgan (KMI) as a “buy” and ~33.3% rated it as a “hold.” None of the analysts rated it as a “sell.”

    By Rekha Khandelwal, CFA
  • uploads///epd outperformed peers last week
    Company & Industry Overviews

    Enterprise Products Partners Outperformed Its Peers Last Week

    Enterprise Products Partners (EPD) recently announced a distribution increase for 3Q17. EPD is scheduled to report its 3Q17 results on November 2, 2017.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Company & Industry Overviews

    ONEOK Stock Continues to Surge, Up 19% Year-to-Date

    ONEOK (OKE) stock has continued to build upon its gains in 2018.

    By Rekha Khandelwal, CFA
  • uploads///stock _
    Energy & Utilities

    MLPs Rallied despite Crude Oil’s Weakness Last Week

    MLPs rallied despite crude oil’s weakness last week. The Alerian MLP Index (^AMZ) rose 2.7% during the week and ended at 269.1.

    By Kurt Gallon
  • uploads///epd has risen
    Earnings Report

    Capital Projects Should Fuel Enterprise Products’ Earnings Growth

    Enterprise Products Partners (EPD) spent $1.2 billion on capital projects in the first quarter.

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

    April Cushing Inventories Move in on Capacity

    If inventories at Cushing reach capacity, oil prices could tumble further. That would hurt oil producing companies such as Hess (HES), ExxonMobil (XOM), Chevron (CVX), and Apache (APA).

    By Keisha Bandz
  • uploads///featured image
    Miscellaneous

    Kinder Morgan to Decide on the Trans Mountain Expansion

    Kinder Morgan (KMI) stock fell 1.1% in the week ending May 25 and outperformed the Energy Select Sector SPDR ETF (XLE), which fell 4.5% for the week.

    By Rekha Khandelwal, CFA
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    Energy & Utilities

    Energy Transfer Rose ~10% on December 26: What Indicators Suggest

    Energy Transfer (ET) stock was one of the top gainers among energy midstream giants on December 26.

    By Vineet Kulkarni
  • uploads///ANR
    Earnings Report

    What Analysts Recommend for ETP and ETE ahead of Q2 Earnings

    Of Wall Street analysts surveyed by Reuters, 74.0% of analysts rate ETE as a “buy” and the remaining 26.0% rate it as a “hold” as of July 28.

    By Kurt Gallon
  • uploads///distribution yields
    Company & Industry Overviews

    ETP, EEP, and WPZ: Are the Attractive Yields Worth the Risk?

    ETP trades at a yield of 11.6% Energy Transfer Partners (ETP) is currently trading at a distribution yield of 11.6%. ETP’s 2Q16 distribution coverage stood at 0.91x. A coverage ratio below 1 remains a matter of concern for investors. During the 2Q16 earnings call, ETP CEO Kelcy Warren said, “But it is our intention that […]

    By Rekha Khandelwal, CFA
  • uploads///amz and treasury yield spread
    Company & Industry Overviews

    The MLP-Treasury Yield Spread Contracted Marginally in Q3

    The yield spread between the Alerian MLP Index yield and the US ten-year Treasury yield contracted to 5.0% at the end of Q3 from 5.1% at the end of Q2.

    By Rekha Khandelwal, CFA
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    Energy & Utilities

    Rates inched up, but debt remains cheap for most MLP names providing cash for growth

    Corporate debt rates for MLPs increased slightly over the past two weeks, but from a long-term perspective debt funding still remains extremely cheap.

    By Ingrid Pan
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    Energy & Utilities

    An introduction to the Alerian MLP Infrastructure Index

    AMZI is an index that consists of the top ~25 American energy infrastructure MLPs, which primarily engage in energy commodity transport and processing.

    By Manas Chowgule, CFA
  • uploads///cushing stock
    Energy & Utilities

    Why the long-term declining trend at Cushing may not continue

    Crude stocks at Cushing, Oklahoma increased by 716,000 barrels to 19.6 million barrels (or MMbbls) in the week ending October 10.

    By Keisha Bandz
  • uploads///nspc
    Energy & Utilities

    MLPs Recovered Slightly in the Week Ending August 25

    MLPs recovered slightly in the week ending August 25—possibly due to an overcorrection in the first three weeks of the month.

    By Kurt Gallon
  • uploads///PAA and WTI
    Company & Industry Overviews

    Crude Oil Prices Should Drive Plains All American’s Stock Price in 2016

    The correlation between WTI prices and Plains All American’s shares has been even higher at 0.8 since the start of 2014.

    By Rekha Khandelwal, CFA
  • uploads///NSPC
    Company & Industry Overviews

    Energy Transfer Partners Has Lost 2.1% in May: Can It Recover?

    Recently, Energy Transfer Partners (ETP) merged with Sunoco Logistics Partners. Energy Transfer Partners has lost 2.1% since the beginning of May.

    By Kurt Gallon
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    Company & Industry Overviews

    Here’s What Makes MPLX an Interesting Stock

    MPLX generated total returns, including distributions, of 17% in the last year. Its total returns over five years stand at 28%.

    By Rekha Khandelwal, CFA
  • uploads///nspc
    Energy & Utilities

    Most MLPs Ended in the Green for Week Ended September 1

    Most MLPs ended in the green last week, which ended on September 1, 2017, amid Hurricane Harvey and volatility in crude oil prices.

    By Kurt Gallon
  • uploads///ETP
    Energy & Utilities

    Energy Transfer Duo Offers High Upside Potential

    Energy Transfer Partners and Energy Transfer Equity are among the top midstream companies that offer high upside potentials.

    By Kurt Gallon
  • uploads///analyst rating
    Energy & Utilities

    KMI, EPD, ETE, and OKE: Key Midstream Rating Updates

    Credit Suisse gave a “neutral” rating to Magellan Midstream Partners (MMP), ONEOK (OKE), and Sunoco (SUN).

    By Rekha Khandelwal, CFA
  • uploads///AdobeStock_
    Company & Industry Overviews

    What’s Hampering Energy Transfer’s Recent Performance?

    Despite solid earnings growth in the last several quarters, Energy Transfer’s (ET) performance has failed to pick up.

    By Vineet Kulkarni
  • uploads///how did oke fare last week
    Miscellaneous

    Amid the Fall in Crude Oil, ONEOK Ended Positive Last Week

    ONEOK (OKE) rose 0.5% during the week ending March 24, 2017. In comparison, the Energy Select Sector SPDR ETF (XLE) fell 1.8% last week.

    By Rekha Khandelwal, CFA
  • uploads///ETP RGP Merger
    Miscellaneous

    Energy Transfer acquires Regency Energy Partners for $18 billion

    On January 26, a Energy Transfer Partners (ETP) unit lost ~6.4%. A Regency Energy Partners (RGP) unit, meanwhile, gained ~5% to finish at $24.93.

    By Alex Chamberlin
  • uploads///featured image
    Energy & Utilities

    How Crude Oil Prices Could Impact Energy MLPs in 2018

    In this series, we’ll look at some of the key indicators that impact MLP performance in the long term.

    By Rekha Khandelwal, CFA
  • uploads///top mlp closed end fund
    Energy & Utilities

    KYN, TYG, CEM: How MLP Closed-End Funds Have Performed in 2018

    The Kayne Anderson MLP/Midstream Investment Company (KYN) has generated YTD returns of -3.5%.

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

    Week Ending October 1: UNG Disappoints, XOP a Better Bet

    The United States Natural Gas ETF (UNG) tracks natural gas futures and trades on the NYSE. Notably, UNG fell by 7.53% between September 25 and October 1.

    By Keisha Bandz
  • uploads///AdobeStock_
    Company & Industry Overviews

    Why Frac Spreads Affect Some MLP Stocks

    Companies in the natural gas processing space—many of which are MLPS—keep an eye on the fractionation or “frac” spread. Here’s why.

    By Sybil Prowse
  • uploads///EBITDA
    Energy & Utilities

    Why is Shell expecting to increase revenue and earnings by 2015?

    Revenues from the Bengal refined pipeline operation is expected to decrease by 6% from 2013 to 2015 level.

    By Alex Chamberlin
  • uploads///WPZ
    Company & Industry Overviews

    Williams Partners Got Upgrade after Financial Repositioning

    Williams Partners (WPZ) was upgraded by Raymond James from “market perform” to “strong buy” last week.

    By Kurt Gallon
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    Earnings Report

    ONEOK’s 1Q18 Earnings Rose 24% Due to Higher Volumes

    ONEOK (OKE) reported its 1Q18 results yesterday. The company’s adjusted EBITDA grew 24% YoY in 1Q18.

    By Rekha Khandelwal, CFA
  • uploads///pipeline image
    Company & Industry Overviews

    Weekly Wrap-Up: Kinder Morgan Rose 1.5% Last Week

    Kinder Morgan (KMI) stock rose 1.5% for the week ending July 6. Enterprise Products Partners (EPD) ended the week marginally down.

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

    UNG and XOP Fell in the Week Ending August 28

    One safer and low-cost avenue for betting on natural gas prices is the United States Natural Gas Fund (UNG), an ETF that tracks prompt natural gas futures.

    By Keisha Bandz
  • uploads///featured image
    Energy & Utilities

    Kinder Morgan Fell 0.5% in the Week Ending June 15

    Kinder Morgan (KMI) fell 0.5% in the week ending June 15. The stock outperformed Enterprise Products Partners (EPD) and ONEOK (OKE).

    By Rekha Khandelwal, CFA
  • uploads///historical cushing
    Macroeconomic Analysis

    Inventory Gains at Cushing Slowed the Week Ending April 17

    Unlike 2015, inventories in 2014 consistently fell before turning upward toward the latter part of the year.

    By Keisha Bandz
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    Energy & Utilities

    Why Is ONEOK Outperforming Its Peers in 2018?

    ONEOK (OKE) stock is up nearly 4% so far in 2018.

    By Rekha Khandelwal, CFA
  • uploads///nspc
    Energy & Utilities

    Why MLPs Saw a New 52-Week Low Last Week

    MLPs went through some carnage last week. The Alerian MLP Index (^AMZ), which tracks the performance of 50 energy MLPs, saw a new 52-week low of 258.45.

    By Kurt Gallon
  • uploads///Total Returns MLPS vs AMZI
    Macroeconomic Analysis

    Introducing the UBS ETRACS Alerian MLP Infrastructure ETN AMZIX

    The UBS ETRACS 1x Monthly Short Alerian MLP Infrastructure Total Return Index ETN (MLPS) tracks the Alerian MLP Infrastructure Total Return Index (AMZIX).

    By Keisha Bandz
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    Earnings Report

    MLPs’ Strong Earnings Growth Continued in 1Q18

    Master limited partnerships or MLPs saw continued strong earnings growth in 1Q18 after a solid fourth quarter of 2017.

    By Kurt Gallon
  • Energy & Utilities

    An investor’s key guide to the propane distribution industry

    Propane is typically extracted from natural gas or separated during crude oil refining. Residential and commercial customers use propane primarily for heating and cooking purposes.

    By Keisha Bandz
  • uploads///UNG
    Macroeconomic Analysis

    Mixed Performance for Natural Gas ETFs in Week Ended October 29

    For retail investors who don’t have easy access to the futures market, there are other safer low-cost avenues for betting on natural gas prices.

    By Keisha Bandz
  • Energy & Utilities

    Why Williams Companies bets big on long-term capital projects

    Williams Companies (WMB) has $30 billion in total committed and potential capital investments in Williams Partners (or WPZ) and Access Midstream Partners (or ACMP).

    By Alex Chamberlin
  • uploads///top mlp cefs
    Energy & Utilities

    Analyzing the Top MLP Closed-End Funds in 1Q18

    NTG invests primarily in MLPs and their affiliates. The fund has ~$1 billion of assets under management. NTG focuses on natural gas infrastructure MLPs.

    By Rekha Khandelwal, CFA
  • uploads///how did oke fare last week
    Miscellaneous

    Weakness in ONEOK Continues, Stock Fell 2.8% Last Week

    ONEOK (OKE) fell 2.8% in the week ending March 17, 2017. In comparison, the Energy Select Sector SPDR ETF (XLE) fell 0.3% last week.

    By Rekha Khandelwal, CFA
  • uploads///major projects
    Earnings Report

    A Quick Update on Energy Transfer Partners’ Major Projects

    Energy Transfer Partners remains optimistic about its recently announced projects despite the rise in global trade tensions.

    By Kurt Gallon
  • Company & Industry Overviews

    EPD, ETP, PAA, WPZ: What Do Current Valuations Indicate?

    Energy Transfer Partners (ETP) and Enterprise Products Partners (EPD) are trading at forward EV-to-EBITDA multiples lower than their respective five-year historical averages.

    By Rekha Khandelwal, CFA
  • uploads///KMI Org Chart
    Company & Industry Overviews

    Kinder Morgan Consolidation: What It Means for the MLP Market

    On November 26, 2014, Kinder Morgan acquired all of its equity interests in Kinder Morgan Partners, El Paso, and Kinder Morgan Management.

    By Kurt Gallon
  • Energy & Utilities

    Must-know: The assets of the Shell Midstream Partners

    Zydeco is a wholly owned subsidiary of SPLC, the general partner of Shell Midstream.

    By Alex Chamberlin
  • uploads///top mlp CEFs
    Energy & Utilities

    Top MLP Funds Have Generated Negative Returns in 2018

    The Kayne Anderson MLP Investment Company is the largest closed-end MLP fund with assets under management of more than $3 billion.

    By Rekha Khandelwal, CFA
  • Energy & Utilities

    Why Martin Midstream Partners could grow with Alinda’s support

    Alinda is one of the world’s largest independently owned infrastructure investment firms. It has approximately $7.8 billion in equity commitments for infrastructure investments.

    By Alex Chamberlin
  • uploads///UNG
    Macroeconomic Analysis

    UNG Mirrors Natural Gas, XOP Rises Last Week

    UNG fell 1.49% between September 11 and September 17, mirroring natural gas prices throughout the week and giving similar returns at the end of our weekly cycle.

    By Keisha Bandz
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    Energy & Utilities

    Kinder Morgan Fell 8.5% Last Week, Hit New 52-Week Low

    With a 2.3% fall on Friday, March 23, Kinder Morgan (KMI) was down 8.5% for the week.

    By Rekha Khandelwal, CFA
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    Energy & Utilities

    Must-know: Why the WTI discount to Brent oil closed wider

    The spread between WTI and Brent Crude closed at $6.61 per barrel on May 30, compared to the spread of $6.11 per barrel for the week ending May 23, 2014.

    By Ingrid Pan
  • uploads///featured image
    Earnings Report

    Natural Gas Pipelines Drove Kinder Morgan’s Earnings Growth

    Kinder Morgan (KMI) reported its second-quarter results on July 18 after the markets closed. The company reported an EPS of -$0.08.

    By Rekha Khandelwal, CFA
  • uploads///EPD Asset Map
    Energy & Utilities

    Why Enterprise Products Partners is important to investors

    EPD is a leading midstream service provider in the natural gas, natural gas liquids (or NGLs), crude oil, petrochemicals, and refined products sectors.

    By Alex Chamberlin
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    Earnings Report

    ONEOK Reports Strong Q3 Results, Beats Estimates

    ONEOK reported its third-quarter results on October 30 after the markets closed. The company’s EPS of $0.75 beat the consensus estimates.

    By Rekha Khandelwal, CFA
  • uploads///oil _
    Energy & Utilities

    These Midstream Players Have Created Maximum Wealth for Investors

    In this series, we’ll look at the historical outliers in midstream energy, which have generated massive wealth amid turbulent times.

    By Kurt Gallon
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