Energy Transfer LP

Energy Transfer Equity (ETE) recently went below its 50-day simple moving average driven by the decline in the last two trading sessions of last week.

SXL has remained bullish on its NGL growth story, which has been supported by strong NGL supply growth from the liquids-rich Marcellus and Utica Shales.

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

The correlation between Cheniere Energy’s stock price and crude oil (USO) resulted in a correlation coefficient of 0.87 during the past year.

Energy Transfer Partners (ETP) reported adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $1.9 billion in 4Q17.

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.

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

Flows into investment-grade bond funds (LQD) were negative in the week ending June 17. This was the second consecutive week witnessing outflows.

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.

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

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

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

Regency Energy Partners L.P. (RGP) is a midstream operator of natural gas pipelines, gathering systems, and processing facilities.

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

Of the total 95 MLPs, 62 ended last week in the red, 30 ended in the green, and the remaining three ended flat. Energy Transfer Partners (ETP) fell 5.5%.

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

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

ETP operates primarily through its six business segments by leveraging its huge asset base.

Energy Transfer (ET) stock had a weak run despite strong earnings growth in 2019. Here’s a look into how analysts think ET will perform in 2020.

According to the Energy Information Administration’s short-term energy outlook published in June 2014, crude oil production will average 8.4 million barrels per day in 2014.

All of the analysts surveyed by Reuters covering Enterprise Products Partners (EPD) and MPLX (MPLX) rated the stocks as “buy.”

According to analysts’ estimates, Energy Transfer (ET) stock has a median target price of $21.24—compared to its current market price of $14.82.

The EIA expects US natural gas prices to average $2.89 per MMBtu in 2019. For 2020, the forecast is $2.92 per MMBtu.

On March 1, after the markets closed, Enbridge announced that it received a timeline for the permits for its Line 3 Replacement project.

High leverage and a complex capital structure have been a drag on Energy Transfer Partners’ market performance.

MLPs underperformed the energy sector and the broader US markets last week. Let’s take a look.

USA Compression Partners (USAC), a midstream MLP involved in natural gas contract compression services, was the top MLP gainer last week with WoW (week-over-week) gains of 7.8%.

MLPs (master limited partnerships) cooled off last week, which ended on January 19, after two weeks of a strong rally.

Energy Transfer Partners (ETP) had a strong start to the year with a rise of ~6.5% in 2018 YTD (year-to-date).

MLPs maintained their winning streak in the second week of 2018. The Alerian MLP Index (^AMZ) rose 4.6% last week and ended at 300.5.

MLPs were strong in the week ending December 15, 2017. The Alerian MLP Index (^AMZ) had a strong start last week although it fell slightly on Friday.

Most MLPs (master limited partnerships) closed the week ended December 1 in the red, after seeing some gains earlier in the week.

Energy Transfer Partners’ DCF rose 27.5% YoY to $1,049 million in 3Q17 compared to $823 million in 3Q16.

MLPs (master limited partnerships) recovered slightly last week (ended December 1, 2017), after three weeks of sluggishness.

The short interest as a percentage of float in Enterprise Products Partners’ (EPD) stock is 1.8%—higher than the 1.7% in mid-August.

MLP funds’ capital inflow has recovered slightly in recent quarters compared to the second half of 2015.

MLP funds’ capital inflow recovered slightly in 2016 compared to their levels during the second half of 2015.

MLP funds’ capital inflows have recovered slightly in 2016 compared to 2H15. However, their overall capital inflow is still lower than their seven-year average.

MLPs generally have an LP-GP (limited partner and general partner) model structure in which the LP is a publicly traded entity and owns the majority of the operating assets.

The number of MLPs has risen from a mere 32 in 2003 to 117 as of November 2016. 83% of total MLPs are energy and natural resources–related.

MLP funds’ capital inflows have recovered in 2016 from levels in 2H15. But overall capital inflows are lower than the seven-year average of $2.8 billion.

Generally, MLP yields move in the same direction as Treasury yields in the long term. MLP yields trade at a spread over Treasuries.

Range Resources is growing its portfolio in the Southeast US. Natural gas exports seem to be a promising growth area. The deal will enhance its credit profile.

Mont Belvieu ethane prices fell 3% to $0.15 per gallon in the week ending February 5, 2016. Ethane prices had risen 5% to $0.16 per gallon in the previous week.

Mont Belvieu ethane prices rose 9% to $0.15 per gallon in the week ended January 1, 2016, from $0.14 per gallon in the previous week.

According to Wall Street analysts’ consensus outlook, Kinder Morgan’s (KMI) dividend is expected to grow by ~15.3% year-over-year by the end of 2015.

The EIA (Energy Information Administration) monitors seven key tight oil and gas regions in the US.

Considering the rock solid performance of ETP during the slump in energy prices, it is clear that ETP has more fee-based contracts.

Energy Transfer Partners (ETP) is one of the largest publicly traded master limited partnerships in the US in terms of equity market capitalization.

MLPs are engaged in the production, transportation, storage, and processing of natural resources like oil, natural gas, and NGLs. They’re public companies.