Energy Transfer LP
Will Energy Transfer Equity Build on Last Week’s Gains This Week?
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.
Why Short Interest in ETE Could Mean Bearish Sentiment
Short interest in Energy Transfer Equity (ETE) as percentage of its float ratio has risen to 7.4%.
Why Sunoco Logistics Revised Its 2015 Capital Expenditure Targets
Sunoco Logistics (SXL) will share the proportionate capital expenditure in the Bakken Pipeline project. This led SXL to revise its capital expenditure for 2015.
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.
Why Williams Companies’ Valuation Has Been on the Rise
Williams Companies’ forward EV-EBITDA multiple, which is based on the current fiscal quarter’s EBITDA estimates, is 13.1x.
Why price differential and rail competition challenge Bakken
Although pipelines are the cost-effective way to transport crude oil, they require huge initial investment and are often impeded by regulations from the government agencies.
What to Expect from Energy Transfer Partners in Q2 2018
The Crude Oil Transportation and Services segment was Energy Transfer Partners’ (ETP) top performing segment in the first quarter.
How Sunoco Logistics Could Benefit from Liquids Integration
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.
Energy Transfer Partners: Sharp Decline in Crude Oil Prices
The one-year correlation coefficient between Energy Transfer Equity and crude oil was 0.49 as of July 11.
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.
What Does Rising Natural Gas Production Mean for Energy MLPs?
According to the US EIA (Energy Information Administration), US natural gas production averaged 73.6 Bcf/d (billion cubic feet per day) in 2017.
Traders Are Most Bearish about These Midstream Stocks
On December 12, 2016, EnLink Midstream (ENLC) had a short-interest-to-equity float ratio of 9.5%, the highest among all the midstream companies that are part of the Alerian MLP ETF (AMLP).
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.
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.
ETE Announced Financing to Support ETP: Key Highlights
Energy Transfer Partners (ETP) announced a $568 million private placement with Energy Transfer Equity (ETE) on January 9, 2017.
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.
Midstream companies withstand falling energy prices, for now
Companies in the midstream sector don’t have direct exposure to falling energy prices. At least, not in the immediate term.
Energy Transfer’s Strong Growth Continued in Q4 2018
Energy Transfer (ET) released its fourth-quarter and full-year 2018 earnings yesterday.
Bearish Midstream Stocks: Do You Own Them?
In the past three months, EnLink Midstream has risen 8.9%, while its short-interest-to-equity-float ratio has risen 30.9%.
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.”
Kinder Morgan: Analysts Cut the Target Price Last Week
Kinder Morgan (KMI) stock is trading 7% and 9% below its 50-day and 200-day moving averages, respectively.
Enbridge Stock Fell 5.9% Due to Pipeline Delay, Downgrades
On March 4, Enbridge (ENB) fell 5.9% due to the expected delay in its Line 3 Replacement project.
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%.
PAA, WMB, and OKE: Midstream Stocks Rose Last Week
Last week, Plains All American Pipeline (PAA), Williams Companies (WMB), and ONEOK (OKE) rose 2.5%, 2.3%, and 1.9%, respectively.
Analyzing Cheniere Energy’s Commodity Price Exposure
The correlation between Cheniere Energy’s stock price and crude oil (USO) resulted in a correlation coefficient of 0.87 during the past year.
Why Energy Transfer Partners’ Earnings Are on the Rise
Energy Transfer Partners (ETP) reported adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $1.9 billion in 4Q17.
Kinder Morgan Cuts Dividends by 75%
Kinder Morgan (KMI), the midstream energy giant, announced a ~75% quarterly dividend cut in its annual outlook release for 2016 on Tuesday.
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.
Why Only 9 MLPs Ended in the Green Last Week
Alon USA Partners (ALDW), a downstream MLP involved in crude oil refining and refined products marketing, was the top MLP gainer last week.
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 […]
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.
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.
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.
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.
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.
Energy Transfer Equity Is Underperforming AMLP in 2018
Energy Transfer Equity (ETE) has gained 3.3% since the beginning of 2018. The Alerian MLP ETF (AMLP), which is comprised of 25 energy MLPs has risen 7.8%.
Overview: Regency’s recent acquisitions
On March 21, Regency closed its acquisition with PVR Partners. The combination creates a fully integrated midstream partnership platform by further expanding Regency’s position in the Appalachia Basin.
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.
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.
What Drove Energy Transfer’s Q3 2018 Earnings
Energy Transfer (ET) reported its third-quarter earnings last week. Despite its strong performance, the stock has fallen more than 6% since then.
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.
ETP, EEP, DM: MLP Sector Mergers Continue in Third Quarter
There were quite a few MLP merger announcements in the third quarter.
Analysts’ Views on Cheniere Energy Ahead of 3Q16 Results
Analysts’ ratings for Cheniere Energy In this article, we’ll look at what Wall Street analysts recommend for Cheniere Energy (LNG) ahead of its 3Q16 earnings announcement. 72.7% of analysts rate Cheniere Energy a “buy,” 18.2% rate it a “hold,” and the remaining 9.1% rate it a “sell.” The median broker target price of $52.50 for […]
How Do Analysts View Energy Transfer Equity?
At a broad level, 50.0% of analysts rate Energy Transfer Equity as a “hold,” 41.7% rate it as a “buy,” and the remaining 8.3% rate it as a “sell.”
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.
Capital Projects Should Fuel Enterprise Products’ Earnings Growth
Enterprise Products Partners (EPD) spent $1.2 billion on capital projects in the first quarter.
What Do Analysts Recommend for Kinder Morgan?
Currently, ~52.6% of analysts rate Kinder Morgan a “buy,” ~42.1% rate it a “hold,” and ~5.3% rate it a “sell.”
What Do Analysts Recommend for WMB and WPZ?
On a broader level, 57.1% of analysts rate Williams Companies as a “buy,” 35.7% rate it as a “hold,” and 7.2% rate it as a “sell.”
Energy Transfer Partners, Sunoco Logistics Announced Stake Sale
Energy Transfer Partners and Sunoco Logistics Partners both surged by 8.4% in the two trading sessions following their 2Q16 earnings announcements.
Why the Permian Basin is a key focus for Magellan Midstream Partners
Magellan Midstream Partners (MMP) has made significant investments in pipelines in the Permian region to deliver crude oil from the Permian Basin in west Texas to markets along the U.S. Gulf Coast.
Analyst Ratings: WMB Has the Most ‘Buys,’ WGP the Most ‘Holds’
In this article, we’ll look at the analyst recommendations for the four peers in this series. Let’s start with Energy Transfer Equity (ETE).
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.
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.
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 […]
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.
Why Did Williams Partners Surge in the Past Month?
Williams Partners (WPZ) has returned -0.2% since the beginning of 2016. But it has rallied 55.9% in the past one month.
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.
Army Corps to Begin Environmental Study of Energy Transfer’s DAPL
DAPL is part of the $4.8 billion Bakken Pipeline project to move crude oil from the Bakken Shale formation to Gulf Coast refineries.
The Biggest MLP Losses Last Week
Sprague Resources (SRLP), which is involved in refined products and natural gas terminalling and marketing, recorded the biggest loss last week.
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.
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.
Behind ETP’s, EEP’s, BPL’s, and SUN’s High Yields
After a 6.3% fall on March 15, 2018, Energy Transfer Partners (ETP) is trading at a distribution yield of ~13.6%.
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.
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).
Investment-Grade Bond Funds Saw Outflows Last Week
Flows into investment-grade bond funds (LQD) were negative in the week ending June 17. This was the second consecutive week witnessing outflows.
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.
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.
What Analysts Are Recommending for Williams Companies
At a broader level, 60.0% of analysts rate Williams Companies (WMB) a “buy,” 26.7% rate it a “hold,” and the remaining 13.3% rate it a “sell.”
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%.
Williams Partners Got Upgrade after Financial Repositioning
Williams Partners (WPZ) was upgraded by Raymond James from “market perform” to “strong buy” last week.
Expected Increases in Oil, Gas Production: A Positive for MLPs
US drilling activity in February 2017 US drilling activity stayed strong in major shale plays in February 2017, driven by the slight recovery in commodity prices and the decline in drilling costs with the usage of efficient drilling methods. According to recent Baker Hughes (BKI) rig data, the US rig count rose for the seventh […]
Last Week’s Worst-Performing MLPs
Upstream MLPs including EV Energy Partners (EVEP), Mid-Con Energy Partners (MCEP), and Legacy Reserves (LGCY) were among the top MLP losers last week.
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.
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).
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.
An Analysis of Energy Transfer Equity’s EBITDA Growth
Energy Transfer Equity’s adjusted EBITDA has continued to grow over the recent quarters. For 2Q15, its adjusted EBITDA grew by 15% YoY compared to 2Q14.
Analysts’ 2Q15 Recommendations for Energy Transfer Partners
At a broader level, ~71.43% of analysts surveyed rate ETP a “buy” and the remaining ~28.57% rate it a “hold.” The MLP has no “sell” recommendations.
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.
Why Williams Companies Is Outperforming Peers in 2017
Plains GP Holdings (PAGP) was the most battered last month of the four in our peer group, witnessing a new YTD (year-to-date) low of $19.8 in August.
Controversy in the Pipelines of KMI, ETP, TRP, ENB
Pipeline projects in the US have attracted a lot of attention in recent years.
These Midstream Stocks Have the Highest Short Interest
On March 13, EnLink Midstream had a short-interest-to-equity float ratio of 10.1%—the highest among the midstream stocks in the Alerian MLP ETF (AMLP).
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.
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.
Overview: Regency Energy Partners
Regency Energy Partners L.P. (RGP) is a midstream operator of natural gas pipelines, gathering systems, and processing facilities.
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.
Issuance of Investment-Grade Corporate Bonds Fell Last Week
Baxalta, Energy Transfer Partners, JPMorgan Chase, Occidental Petroleum, and Cardinal Health were among the biggest issuers of investment-grade corporate bonds last week.
Should You Include Kinder Morgan in Your Portfolio?
We’ll look at what Wall Street analysts recommend for Kinder Morgan (KMI). At a broader level, ~52.6% of analysts rate Kinder Morgan a “buy,” ~42.1% rate it a “hold,” and ~5.3% rate it a “sell.”
These Midstream Stocks Lead in Short Interest
On March 6, EnLink Midstream Partners had a short-interest-to-equity float ratio of 10.1%—the highest among the midstream companies in AMLP.
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.
Inside the Growth Prospects of ETE, WMB, PAGP, and WGP
Energy Transfer Partners (ETP) has a capital budget of $3.9 billion for 2017, of which $1.7 billion was spent in the first half of the year.
MMP, KMI, OKE, and ET: How Top Midstream Stocks Fared Last Week
The top midstream sector stocks ended mixed last week. Magellan Midstream Partners (MMP) and Kinder Morgan (KMI) rose 4.6% and 2.2%.
What’s behind MLP Performances for the Week Ended November 10?
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%.
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.
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.
Plains All American Pipeline’s Permian assets and new projects
Plains All American Pipeline LP (PAA) is a master limited partnership that provides energy infrastructure and logistics services for crude oil, natural gas liquids (or NGLs), natural gas, and refined products.
A Review of Energy Transfer Partners’ Business Segments
ETP operates primarily through its six business segments by leveraging its huge asset base.
An Overview of the Natural Gas Compression Industry
Natural gas compression is essential for transporting natural gas. Compression is used several times in the natural gas production and transportation cycle.
Can Boardwalk Pipeline Partners Generate Strong Returns?
Boardwalk Pipeline Partners has lost 24.2% since the beginning of this year.
KMI, WMB Expect Higher Capital Spending in 2017
Enterprise Products Partners plans to spend ~$2.7 billion–$3.0 billion in growth capital projects and nearly $250 million in maintenance capital in 2017. That’s flat compared to its 2016 capex.
Enterprise Products Trades 6.5% below 50-Day Moving Average
Enterprise Products Partners (EPD) is currently trading 6.5% below its 50-day moving average and 21% below its 200-day moving average. EPD stock has fallen 33% since the start of 2015.