EQT 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.
Five High-Dividend Stocks You Should Watch
Let’s take a look at five stocks that are trading with high dividend yields and the risks involved with each.
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.
Is EQM Midstream Partners’ 10.4% Yield Risky?
EQM Midstream Partners (EQM), the MLP of Equitrans Midstream (ETRN), is trading at a yield of 10.4%.
EQM Midstream Partners: Analysts’ Recommendations
So far, EQM Midstream Partners (EQM) has risen ~6% in 2019. Analysts seem cautious about the stock.
Five MLPs with Handsome Total Return Potential
MLPs have been dull for the last few months. Crude oil has risen more than 40% this year, while AMLP has risen ~15% during the same period.
Top Midstream Stocks Offer Yields above 7%
Let’s take a look at midstream stocks trading at attractive yields. The stocks have a market capitalization of over $5 billion and yields over 7.0%.
High-Yield MLPs: What Wall Street Recommends
Energy Transfer (ET) stock was rated a “strong buy” or “buy” by 88% of analysts surveyed by Reuters.
EQM Reports Strong Earnings and Distribution Growth in Q3
EQM Midstream Partners (EQM) reported adjusted EBITDA of $280.1 million in the third quarter, an increase of 65% year-over-year.
LNG and EQM: Which Midstream Companies Outperformed Last Week?
Cheniere Energy (LNG) was among the top midstream gainers last week. The stock rose 2.8% during the week.
Analyzing EQT Midstream Partners
EQT Midstream Partners (EQM) has an upside potential of 15.5% for the next 12 months. Analysts have given the company a target price of $66.6.
These Five MLPs Offer up to 25% Upside Potential
NGL Energy Partners (NGL), one of the smallest constituents of AMLP, offers the highest upside potential of 25% for the next 12 months.
Midstream Stocks Were the Outperformers Last Week
On August 3–10, midstream stock TC PipeLines (TCP) saw the highest gain on our list of energy stocks. The Alerian MLP ETF (AMLP) fell 0.6%.
EQT Stock Fell after Its Second-Quarter Earnings
Following EQT’s (EQT) second-quarter earnings release on July 26, its stock fell ~2%. EQT missed the revenue and earnings estimates.
MLP Rating Update for the Week Ended July 27
Buckeye Partners (BPL) was downgraded by SunTrust Robinson Humphrey last week. It lowered BPL to a “sell” from a “hold.”
Best-Performing MLPs in the Week Ended July 13
CVR Partners (UAN) rallied 9.7% in the week ended July 13, making it the top MLP gainer for the week.
The Weakest MLPs in H1 2018
Dominion Midstream Energy Partners (DM), a midstream subsidiary of Dominion Energy (D), was the weakest MLP in the first half of 2018, falling 55%.
Gauging EQT Corporation’s Capex and Free Cash Flow Trends
Let’s take a look at EQT Corporation’s (EQT) capex and free cash flow trends.
Last Week’s Biggest Losses among Energy Stocks
Between April 20 and April 27, oilfield services stock Ensco (ESV) fell the most on our list of energy stocks.
EQT Midstream at 4-Year Lows: How Much Upside Does It Offer?
EQT Midstream Partners was trading at a forward EV-to-EBITDA multiple of 6.6x on March 30, 2018.
These Top Midstream Companies Offer Maximum Upside Potential
In this series, we’ll look into ten midstream players’ market performances, upside potentials, valuations, and analyst recommendations.
How Will EQT Corporation’s Organizational Structure Change?
After the EQT and Rice Energy merger closes, shareholders of EQT stock will own 65% of the combined company. Rice Energy shareholders will own 35%.
Reading the Key Steps Leading to EQT’s Midstream Separation
EQT Corporation (EQT) expects the midstream separation to complete by the end of 3Q18. The midstream spin-off is subject to customary conditions.
Who’s Protected from FERC’s Revised Income Tax Policy?
Midstream companies such as Kinder Morgan (KMI), Targa Resource (TRGP), and ONEOK (OKE) are taxed as C-corps, so the revised policy doesn’t apply to them.
Last Week’s Worst MLP Performers
Summit Midstream Partners (SMLP), a midstream MLP mainly involved in natural gas gathering, processing, and compression, was the worst MLP performer last week.
Are Institutional Investors Bullish on Williams Partners?
The number of institutional holders in Williams Partners (WPZ), the midstream MLP subsidiary of Williams Companies (WMB), increased to 355 by the end of the fourth quarter compared to 340 in the previous 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.
Last Week’s Biggest MLP Losers: SMLP and More
Summit Midstream Partners (SMLP), a midstream MLP mainly involved in crude oil gathering and processing and crude oil gathering, was the biggest MLP loser last week.
Why EQT Is Spinning Off Its Midstream Operations
On February 21, 2018, EQT (EQT) announced its plan to separate its midstream operations into a stand-alone entity.
EQT’s Contracts with EQM to Remain Intact after Separation
EQT (EQT) doesn’t plan to modify its existing gathering and transportation contracts with EQT Midstream Partners (EQM) due to the planned spin-off.
Rice Merger Drives EQT’S 4Q17 and 2017 Production and Reserves
EQT’s (EQT) production volume in 4Q17 was 294.4 Bcfe (billion cubic feet equivalent). Its 4Q16 production volumes were 198 Bcfe.
Which Segment Drove Williams Partners’ 4Q17 Performance?
Williams Partners’ (WPZ) Atlantic Gulf segment posted a 4.6% YoY decline in its adjusted EBITDA during the fourth quarter.
A Sneak Peek at Williams Partners’ 4Q17 Gathering Volumes
Williams Partners, the largest natural gas gatherer in the Marcellus and Utica regions, is expected to see strong volume growth in the regions in the fourth quarter.
MLP Rating Updates during the Week Ending January 26
Crestwood Equity Partners was upgraded by Capital One Securities to “overweight” in the week ending January 26, 2018.
WES, EQM, and CEQP among Gathering MLPs on Barclays Radar
Barclays downgraded Western Gas Partners (WES) to “equal weight” from “overweight” last week.
Could Antero Midstream Partners Benefit from Strong Earnings?
Antero Midstream Partners fell 6% last year. However, it had a strong start to the new year. It has risen 6.8% in 2018.
Why Rice Midstream Partners Could See Strong 2018 Income Growth
Rice Midstream Partners (RMP) went through a rough patch in 2017 following the announcement of the EQT (EQT) merger with Rice Energy.
What Makes Viper Energy Partners among Top MLP Picks for 2018?
Viper Energy Partners (VNOM), the royalty and mineral interest owner MLP, has risen more than 40% in the past year. It was among the top MLP gainers last year.
Why EQT Midstream and Its General Partner Look Promising in 2018
EQT Midstream Partners (EQM) and its GP (general partner) EQT GP Holdings (EQGP) could be top MLP performers in 2018.
How Do These MLPs Look in 2018?
MLPs had a strong start to the new year. The Alerian MLP Index rose 5% in the first week of 2018.
MLP Rating Updates during the Week Ending December 15
During the week ending December 15, BMO Capital Markets upgraded Magellan Midstream Partners (MMP) to “outperform,” which is equivalent to “buy.”
EIA Projections for Natural Gas Processing Capacity in Appalachia
Natural gas processing capacity Natural gas processing is the process of separating dry natural gas from natural gas plant liquids (or NGPL). The process involves the removal of water, carbon dioxide, sulfur, and the like because they could potentially cause mechanical issues during pipeline transit. The increase in natural gas production in the Appalachian region has therefore […]
Antero Midstream Has a 37% Upside Potential from Current Levels
Antero Midstream Partners has lost 8.4% since the beginning of this year.
These 10 MLPs Offer a Maximum Upside from Current Levels
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.
These MLPs Have the Highest Earnings Margins Today
In this series, we’ll assess the performances of the MLPs with the highest EBITDA (earnings before interest, tax, depreciation, and amortization) margins.
How TC PipeLines Comes in 6th Place among Top MLPs
TC PipeLines comes in sixth place among the top MLPs (master limited partnerships) in terms of EBITDA margin.
Where EQM Stands in the Earnings Margin Lineup among Top MLPs
EQT Midstream Partners (EQM), the midstream MLP (master limited partnership) owned by EQT Corporation, has the fourth-best EBITDA margin among MLPs today.
Last Week’s MLP Ratings Updates
CVR Refining (CVRR), a downstream MLP involved in crude oil refining and refined products marketing, saw ratings updates and target price revisions from Barclays and UBS last week.
MLP Rating Updates Last Week
EnLink Midstream LLC (ENLC), the GP (general partner) of EnLink Midstream Partners (ENLK), was raised by UBS to a “buy.”
Key Updates on the EQT-RICE Merger
Under EQT Corporation’s (EQT) existing ownership, the company owns a 90% limited partner interest and non-economic general partner interest in EQT GP Holdings (EQGP).
Why Antero Is the Favorite MLP among Analysts
Antero Midstream Partners, the midstream MLP formed by Antero Resources (AR) to provide natural gas midstream services, has 100 “buy” ratings.
Institutional Activity in Spectra Energy Partners in 2Q17
Neuberger Berman and Tortoise Capital Advisors unloaded major positions in Spectra Energy Partners (SEP), the MLP now owned by Enbridge (ENB), in 2Q17.
Which MLPs Rose More than 6% Last Week?
Seadrill Partners (SDLP), the MLP involved mainly in offshore drilling, continued to be among the top MLP gainers for the second consecutive week.
Recent Analyst Recommendations for Antero Midstream Partners
All the analysts covering Antero Midstream Partners (AM) have rated it a “buy.” It’s the only constituent of the Alerain MLP ETF (AMLP) that has 100% “buy” ratings.
Do Antero Midstream’s Technical Indicators Hint at a Bounce Back?
Antero Midstream Partners (AM) has gone below both its short-term (50-day) and long-term (200-day) moving averages due to the recent weakness.
What Does Antero Midstream Partners’ Current Valuation Indicate?
Antero Midstream Partners’ forward EV-to-EBITDA ratio using the next 12-month EBITDA is 9.9x. That’s below the historical average of 14.4x.
Antero Midstream Partners Is Outperforming AMLP: Here’s Why
Antero Midstream Partners (AM) has fallen 8.0% so far in August, possibly due to the general negative sentiment in the midstream sector.
Why Boardwalk Pipeline Partners Stock Is Weak before Its 2Q17 Results
Boardwalk Pipeline Partners’ distribution has remained flat at $0.20 per unit since its distribution cut.
These MLPs Took June in Stride
EQT GP Holdings (EQGP), the general partner of EQT Midstream Partners (EQM), was the top-performing master limited partnership in June.
Behind Boardwalk Pipeline Partners’ Expansion Plans
Boardwalk Pipeline Partners (BWP) expects to spend $1.1 billion on expansion projects during the 2017–2019 period.
What’s Driving Boardwalk Pipeline’s Recent Market Performance?
Boardwalk Pipeline Partners, a midstream MLP mainly involved in natural gas and NGL transportation and storage, is among Credit Suisse’s top MLP picks.
How WPZ Can Benefit from Strong Northeast Drilling Activity
Drilling activity in the Marcellus region has remained resilient despite the weakness in natural gas prices.
MLPs Approach Their 52-Week Lows amid Crude Oil Price Weakness
MLPs have seen a series of major sell-offs due to significant weakness in crude oil prices. The Alerian MLP ETF (AMLP) has fallen 7.5% since the beginning of June 2017.
What Does EQT Midstream Partners’ Current Valuation Indicate?
EQT Midstream Partners (EQM) is trading at a significant discount to its historical levels, driven by the recent weakness.
How Stocks Reacted to the EQT-RICE Deal
Following the announcement of the EQT (EQT)–Rice Energy (RICE) deal, EQT’s stock was down ~10% on June 19. Rice Energy’s (RICE) stock, on the other hand, rose ~25%.
EQT to Acquire Rice Energy in a $6.7 Billion Deal
On Monday, June 19, 2017, EQT (EQT) announced that it intends to acquire Rice Energy (RICE).
MLPs with Top Upside Potential after May 2017
Of the analysts surveyed by Reuters, 93.0% rated EPD as a “buy,” and the remaining 7.0% rated it as a “hold.”
Cone Midstream’s Analyst Recommendations after Ratings Upgrade
Cone Midstream Partners (CNNX) has been upgraded by Wells Fargo from “market perform” to “outperform,” which is equivalent to a “buy.”
Which MLPs Look Safe amid Crude Oil Uncertainty?
In this article, we’ll look at the MLPs that Wall Street analysts expect will have attractive upsides and low commodity price exposure.
How Midstream Stocks Impacted Their Implied Volatilities
In the past week, EnLink Midstream (ENLC) fell the most. On May 2, 2017, it reported negative 1Q17 diluted earnings of $0.01 per common share.
How Williams Could Benefit from Strong Marcellus Activity in Q1
According to the EIA (Energy Information Administration), natural gas production in the Marcellus region rose 3.7% YoY (year-over-year) in 1Q17.
NGL Energy Partners’ Implied Volatility Rose the Most
On April 26, 2017, NGL Energy Partners (NGL) had an implied volatility of 40.5%—the highest among midstream companies in the Alerian MLP ETF (AMLP).
Rice Midstream Has the Lowest Leverage among Its Peers
Although Antero Midstream Partners (AM) had the highest net debt-to-EBITDA multiple of 2.5x by the end of 4Q16, it was still below industry standards.
Why RMP Has the Highest Volume Growth Potential among Its Peers
RMP’s natural gathering volume increased 71% year-over-year in 4Q16. The increase was largely driven by the partnership’s strong third-party volume growth.
How Falling D&C Costs in Marcellus Affect RMP, AM, EQM, and CNNX
The D&C (drilling and completion) costs for the Marcellus Shale and the Utica Shale have declined in recent years.
How EQM, AM, CNNX, and RMP Benefit from a Strong Marcellus Focus
The rig count in the region increased to 41 on March 10, 2017, compared to its all-time low of 21 during August 2016.
How WPZ Benefits from Strong Marcellus Drilling Activity
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.
Which MLPs Are Leading in Distribution Growth?
MLPs’ distribution In this article, we’ll look at MLPs’ distribution growth for the latest quarter. Of 113 MLPs, 37 managed to grow their quarterly distribution based on 4Q16 earnings. Nearly 62 MLPs kept their distribution unchanged. This includes GPs (general partners) of limited partnerships and midstream C corporations. EQT GP Holdings (EQGP), Capital Product Partners […]
Options Traders Should Watch Midstream Stock Returns
EnLink Midstream rose 63.2% in the past year ending on February 6. It has the highest implied volatility of all the midstream companies that make up AMLP.
What Will Drive Boardwalk Pipeline Partners’ 4Q16 EBITDA?
Boardwalk Pipeline Partners (BWP) is scheduled to release its 4Q16 earnings on February 6, 2017.
Where Does Western Gas Stand Next to Peers?
Western Gas Partners (WES) has an enterprise value of $12.3 billion—the highest among select peers, topped only by EQT Midstream Partners (EQM).
Antero Midstream Has Top Distribution Targets among MLPs
Antero Midstream Partners (AM), the midstream MLP formed by Antero Resources (AR), is expected to continue its industry-leading growth in 2017 and beyond.
How Lower Correlation with Commodities Makes MLPs Look Attractive
MLPs’ correlation with crude oil tends to increase with a decline in crude oil prices. Below $35 per barrel, MLPs exhibited a strong correlation with oil of 0.7.
Which MLPs Could Continue Strong Distribution Growth in 2017?
Out of 117 MLPs, 37 managed to grow their distribution while 68 MLPs kept their distribution unchanged until 3Q16.
A Look into EQT Midstream Partners’ 2017 Capex Plans
EQT Midstream’s 2017 capex guidance In this article, we’ll look at EQT Midstream Partners’ (EQM) capex plans for 2017. The partnership expects to spend between $500 million and $850 million on growth projects in 2017. The midpoint of its 2017 capex guidance is slightly higher than the current forecast for 2016. EQM’s capital expenditure is […]
EQM to Continue Strong Distribution Growth in 2017 and Beyond
EQT Midstream’s recent distribution EQT Midstream Partners (EQM) declared a distribution of $0.82 per unit for 3Q16, which represents a 22.0% increase from 3Q15 and a 4% increase from 2Q16. At the same time, EQT GP Holdings (EQGP) declared a quarterly distribution of $0.17 per unit for 3Q16, which represents a 10% increase from 2Q16. […]
Analyzing the Recent Trends in MLP Equity Issuance
The MLP sector saw just one IPO in 2016 to date. Noble Midstream Partners (NBLX) completed its IPO in September 2016, raising $323.0 million.
What Drove Midstream MLP Throughput Volumes in 2016?
The Permian Basin has emerged as the most resilient crude oil production region in the US under the current low commodity price environment.
A Look into EQT Midstream’s Volatility before 3Q16 Earnings
EQT Midstream Partners’s (EQM) implied volatility has come down significantly after increasing to over 81.5% in the beginning of 2016. EQM’s current implied volatility is 25.6%.
Why EQT Midstream’s Valuation Looks Attractive Ahead of Earnings
EQT Midstream Partners (EQM) has gained 1.3% since the beginning of 2016.
Marcellus D&C Costs in Decline: How RMP, AM, EQM, and CNNX Could Benefit
Marcellus and Utica drilling and completion costs have kept declining in recent years. Both shale plays are among the lowest-cost shale plays in the US.
Why Are Institutional Investors Bullish on EQM and RMP?
RMP saw a rise of 113% in buyers since the start of 2016 through October 6, 2016. The number of buyers in CNNX fell 7.1% during the same period.
EQM, AM, RMP, and CNNX: A Key Leverage Comparison of MLPs
Among the four MLP peers we’ve selected for analysis in this series, Antero Midstream Partners had the highest net debt-to-EBITDA ratio by the end of 2Q16.
How EQM, AM, CNNX, and RMP Benefit from Strong Marcellus Focus
EQT Midstream Partners, Antero Midstream Partners, Cone Midstream Partners, and Rice Midstream Partners all have a significant presence in Marcellus.
Where Does Boardwalk Pipeline Stand Compared to Its Peers?
Boardwalk Pipeline Partners (BWP) has the lowest distribution yield of 2.4% among the selected peers.
What Does Boardwalk Pipeline’s Current Valuation Say?
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.
How Boardwalk Pipeline’s Stock Performed So Far in 2016
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.
Where Does Western Gas Stand Compared to Its Peers?
Western Gas Partners (WES) has the highest enterprise value among its select peers, at $10.4 billion. WES is followed by EQT Midstream Partners (EQM).
Returns of Midstream Stocks with High and Low Implied Volatility
On September 19, 2016, Teekay LNG Partners’s (TGP) implied volatility rose 6.8% on a year-to-date basis, and it fell 5.3% in the last five days.
EQT Midstream Increased Its 2016 EBITDA Guidance Yet Again
EQT Midstream’s stock price reaction EQT Midstream Partners (EQM) rose 2.6% on Thursday following its earnings announcement. At the same time, the Alerian MLP ETF (AMLP), which comprises 24 midstream energy MLPs, closed 0.04% lower. EQM’s gain could be due to its strong 2Q16 earnings and upward revision in 2016 EBITDA and DCF (distributable cash […]