Global X MLP ETF

Latest Global X MLP ETF News and Updates

  • 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
  • Overview: How Suburban measures up among its competitors
    Energy & Utilities

    Overview: How Suburban measures up among its competitors

    Over the past 12 months the group has had mixed results.

    By Keisha Bandz
  • Overview: ONEOK Partners and its 3 operating segments
    Energy & Utilities

    Overview: ONEOK Partners and its 3 operating segments

    ONEOK Partners (OKS) is a master limited partnership (or MLP) engaged in gathering, processing, storing, and transporting natural gas and natural gas liquids (or NGLs) in the U.S.

    By Keisha Bandz
  • uploads///EBITDA breakdown
    Earnings Report

    Pipeline Segment Will Drive NuStar Energy’s 4Q15 Performance

    The pipeline segment is NuStar’s largest business segment in terms of the EBITDA. It accounted for 50% of the total segment EBITDA in the first nine months of 2015.

    By Kurt Gallon
  • uploads///Q Vs Q
    Energy & Utilities

    Must-know: Suburban Propane’s 1Q14 earnings

    SPH noted that weather during this period in its service territories was normal and 9% colder than the prior year.

    By Keisha Bandz
  • uploads///fractionation spread
    Macroeconomic Analysis

    How a Fall in Fractionation Spread Affected MLPs Last Week

    The Henry Hub-Mont Belvieu fractionation spread fell to $10.1 per barrel for the week ended October 16, 2015.

    By Rekha Khandelwal, CFA
  • Energy & Utilities

    Must-know: Atlas Pipeline’s first quarter earnings analysis

    Atlas Pipeline Partners (APL) released its financial information for 1Q14 on May 5, 2014.

    By Alex Chamberlin
  • uploads///natural gas prices
    Macroeconomic Analysis

    How Last Week’s Rise in Natural Gas Prices Impacted MLPs

    Natural gas prices rose to close at $2.5 per MMBtu on October 9. Natural gas prices had hit a three-year low of $2.45 per MMBtu on October 2.

    By Rekha Khandelwal, CFA
  • Energy & Utilities

    Must-know: The BPL segments that source from liquid-rich areas

    Traditionally, the Merchant Services segment provides wholesale distributor service of refined petroleum products in the U.S. and the Caribbean.

    By Alex Chamberlin
  • uploads///natural gas pipelines
    Energy & Utilities

    Overview: ONEOK Partners’ natural gas pipelines segment

    ONEOK Partners’ (OKS) natural gas pipelines segment owns and operates regulated interstate and intrastate natural gas pipelines and natural gas storage facilities.

    By Keisha Bandz
  • uploads///APL asset overview
    Energy & Utilities

    A brief overview on Atlas Pipeline Partners

    The company provides natural gas gathering and processing services in the Eagle Ford Shale play in Texas, as well as in the Anadarko, Arkoma, and Permian basins.

    By Keisha Bandz
  • uploads///
    Energy & Utilities

    Winter’s cold end supports propane demand and stocks like AmeriGas

    Last week saw slightly colder-than-normal weather, a positive for propane companies such as AmeriGas Partners (APU), Ferrellgas Partners (FGP), and Suburban Propane Partners (SPH).

    By Keisha Bandz
  • 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///FGPs Organizational Structure
    Energy & Utilities

    Ferrellgas Partners (FGP): An investor’s must-know overview

    Ferrellgas Partners, L.P. (FGP), a master limited partnership (MLP), is the second largest retail propane distributor in the U.S. serving all 50 states, the District of Columbia and Puerto Rico, as measured by the volume of retail sales in fiscal 2013, and the largest national provider of propane by portable tank exchange.

    By Keisha Bandz
  • uploads///meps operational metrics
    Company & Industry Overviews

    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.

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

    Where Does DCP Midstream Stand Compared to Its Peers?

    DCP Midstream Partners (DPM) has an enterprise value of $2.7 billion.

    By Kurt Gallon
  • uploads///
    Energy & Utilities

    Why continuous cold winter helps propane distributors like FGP

    Propane distributors like FGP will benefit from the season’s cold weather so far.

    By Ingrid Pan
  • uploads///Consensus vs quarterly EBITDA
    Energy & Utilities

    NuStar Energy’s 1Q14 earnings’ analysis: Higher revenues recorded

    NuStar Energy recorded total revenues of $849.2 million, or 8.1% higher than $785.3 million the company recorded in 4Q13.

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

    Why the MLPJ ETF shows tracking error versus its benchmark index

    The effect of sampling—the difference in the holdings between MLPJ and its benchmark index—is another cause of the tracking error.

    By Alex Chamberlin
  • uploads///
    Energy & Utilities

    Is preferred equity a trend for master limited partnerships?

    Recently, two master limited partnerships issued preferred equity, which is a relatively rare avenue of financing for MLPs.

    By Ingrid Pan
  • uploads///TRP asset overview
    Energy & Utilities

    An introduction to TransCanada Corp.

    TransCanada Corp. (TRP) is an energy infrastructure company. It owns a network of natural gas and crude pipelines across North America. TransCanada also provides natural gas storage.

    By Keisha Bandz
  • uploads///attractive basin positions
    Energy & Utilities

    An overview of the Targa Resources and Atlas Pipeline deal

    The combined company will create a midstream enterprise with more than 22,500 miles of crude oil and natural gas pipelines across the U.S. The $7.7 billion deal is expected to close in the first quarter of 2015.

    By Keisha Bandz
  • uploads///TCP pipelines overview
    Energy & Utilities

    TC PipeLines—TransCanada’s important subsidiary

    TC PipeLines LP (TCP) is a master limited partnership (or MLP) that owns or has ownership in six interstate natural gas pipelines. TransCanada Corp. (TRP) owns ~28.9% equity interest in TCP.

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

    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.

    By Kurt Gallon
  • uploads///
    Energy & Utilities

    Must-know: Why higher propane prices could hurt some MLPs

    Propane prices increased last week, which could cut into the sales volumes of distributors such as AmeriGas and Ferrellgas.

    By Ingrid Pan
  • uploads///GR
    Energy & Utilities

    Tesoro Logistics overview: A master limited partnership analysis

    Tesoro Logistics LP is a master limited partnership (or MLP) which was formed by Tesoro Corporation in 2011.

    By Keisha Bandz
  • uploads///Regencys Asset Map
    Energy & Utilities

    Overview: Regency Energy Partners

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

    By Keisha Bandz
  • uploads///
    Energy & Utilities

    Higher oil prices are a potential double whammy for propane sales

    Propane distributors such as Amerigas Partners (APU), Ferrellgas (FGP), and Suburban Propane (SPH) sell propane and related equipment to a variety of end markets. Find out what trends could hurt propane names this winter.

    By Ingrid Pan
  • uploads///
    Energy & Utilities

    Why this winter has been positive for propane distributor MLPs

    Cold winter weather is one of the major drivers of propane distributors’ earnings, as the fuel is used for home heating in many areas in the U.S.

    By Ingrid Pan
  • uploads///
    Energy & Utilities

    Atlas Pipeline Partners taps preferred equity for over $100 million

    Earlier in March, Atlas Pipeline Partners (APL)—a gathering and processing master limited partnership (or MLP)—announced an offering of preferred equity.

    By Ingrid Pan
  • uploads///organizational structure
    Energy & Utilities

    Must-know: Why ONEOK restructured its business, creating ONE Gas

    Earlier this year, ONEOK (OKE) created a new stand-alone publicly traded company called ONE Gas (OGS), separating its natural gas distribution business into a separate dedicated company. The company believes that by having two separate companies, each of the companies will have a greater focus on its individual strategy, financial strength, and growth potential.

    By Keisha Bandz
  • uploads///Gathering Processing Permian Region
    Energy & Utilities

    Overview: Regency’s growth projects in 2014

    For the full year of 2014, Regency announced growth capex expenditures of $1.2 billion.

    By Keisha Bandz
  • uploads///EPB distribution
    Energy & Utilities

    Overview: Kinder Morgan’s acquisition of El Paso Pipeline Partners

    El Paso Pipeline Partners (EPB) is a master limited partnership (or MLP) that owns and operates natural gas transportation pipelines, storage, and other midstream assets.

    By Keisha Bandz
  • uploads///
    Energy & Utilities

    Must-know: Correlation between weather and propane demand

    Heating degree days measure the difference between the outside temperature and room temperature to help calculate the demand for energy needed to heat a given area.

    By Keisha Bandz
  • uploads///propane prices
    Energy & Utilities

    Energy outlook: Weather forecasts also affect propane prices

    Propane is a natural gas liquid (or NGLs). NGLs are hydrocarbons—in the same family of molecules as natural gas and crude oil. Other NGLs include Ethane, butane, and pentane.

    By Keisha Bandz
  • uploads///atls trgp shareholder benefits
    Energy & Utilities

    Part 2 of Targa Resources’ acquisition deal with Atlas

    After spinning off its non-midstream assets, ATLS’ assets will include its general partner and incentive distribution rights in APL, as well as 5.8 million APL units.

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

    Recommendation: Compare YMLI versus the ETF’s benchmark index

    The Yorkville High Income Infrastructure MLP ETF (YMLI) tracks the Solactive High Income Infrastructure MLP.

    By Alex Chamberlin
  • uploads///Asphalt JV Sale
    Energy & Utilities

    NuStar’s Fuels Marketing segment benefits from asphalt sale-off

    Following the sale of the remaining 50% ownership interest in asphalt JV to Lindsay Goldberg in February 2014, NuStar is on course to improve its margin from the Fuels Marketing segment.

    By Alex Chamberlin
  • uploads///natural gas liquids
    Energy & Utilities

    Overview: ONEOK Partners’ natural gas liquids segment

    ONEOK Partners’ (OKS) natural gas liquids segment provides natural gas liquid gathering, fractionation, transportation, marketing, and storage services to its producers.

    By Keisha Bandz
  • uploads///Natural Gas Valuation
    Energy & Utilities

    Must-know : A brief overview of natural gas storage contracts

    High volatilities in prices increase the extrinsic value of storage assets because it creates more opportunities for profitable storage optimization.

    By Keisha Bandz
  • Overview: Plains All American Pipeline’s gas storage services
    Energy & Utilities

    Overview: Plains All American Pipeline’s gas storage services

    PAA’s storage facility falls under its supply and logistics segment, which is primarily a margin based segment, which makes it more volatile.

    By Keisha Bandz
  • uploads///SPHs Organizational Structure
    Energy & Utilities

    Overview: Suburban Propane Partners

    Suburban Energy Finance Corp., is a 100%-owned finance subsidiaries of Suburban Propane Partners.

    By Keisha Bandz
  • uploads///FY  Revenues Vs FY Revenues
    Energy & Utilities

    Must-know: Suburban Propane Partners’ company trends

    Prior to the Inergy deal, SPH had an average earnings before interest, taxes, depreciation, and amortization (or EBITDA) in the range of $185 million.

    By Keisha Bandz
  • uploads///Nat Gas Pipelines
    Energy & Utilities

    High contract volume: A steady cash flow for Natural Gas Pipeline

    The operating income for the Natural Gas Pipeline segment for 1Q14 was $55.1 million versus an operating income of $48.7 million in 4Q13, an increase of ~13%.

    By Alex Chamberlin
  • Energy & Utilities

    Why the BORCO terminal acts as booster to Global Marine segment

    BPL acquired the BORCO terminal facility in the Bahamas in 2011.

    By Alex Chamberlin
  • uploads///Magellan Midstreams Asset Map
    Energy & Utilities

    Overview: Magellan Midstream Partners L.P.

    Magellan Midstream Partners L.P. (MMP), is a master limited partnership (or MLP) that owns and operates a diversified portfolio of energy infrastructure assets.

    By Keisha Bandz
  • uploads///Segment Operating income
    Energy & Utilities

    NuStar Energy’s new trends: A track refocused on core competence

    Since 2012, NuStar has chartered on a track refocus on its core, fee-based businesses of storage and pipelines and to reduce earnings volatility.

    By Alex Chamberlin
  • uploads///
    Energy & Utilities

    A guide to preferred equity and 2 MLPs that recently issued it

    Preferred equity (also called “preferred stock”) is a class of security that has features of both common equity and debt. Preferred equity acts like stock.

    By Ingrid Pan
  • uploads///
    Energy & Utilities

    Vanguard Natural Resources raises $169 million in preferred equity

    Earlier in March, Vanguard Natural Resources (VNR) raised money through the issuance of preferred equity. VNR issued 7 million 7.625% cumulative redeemable perpetual preferred units.

    By Ingrid Pan
  • uploads///
    Energy & Utilities

    Why winter weather could affect some MLP names in your portfolio

    Propane distributors benefit from cold weather, which spurs increased propane demand for home heating.

    By Ingrid Pan
  • uploads///
    Energy & Utilities

    How soaring propane exports affect prices

    Propane exports have increased significantly through 2013, and have spiked recently. Increased propane exports are a positive for domestic propane prices.

    By Ingrid Pan
  • Energy & Utilities

    An investor’s guide to YMLI and its holdings, like Targa Resources

    The Yorkville High Income Infrastructure MLP ETF (YMLI) launched in February 2013. Major constituents of YMLI include Sunoco Logistics Partners LP (SXL) and Western Gas Equity Partners LP (WGP).

    By Alex Chamberlin
  • uploads///mlp funds
    Energy & Utilities

    Top MLP Funds Recorded Net Inflows in October

    The top MLP funds saw net inflows in October. The Alerian MLP ETF (AMLP) had net inflows of $105.7 million for the month.

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

    Why tracking errors in MLPA make the ETF underperform its index

    The tracking error of MLPA is 3.96%. This means the standard deviation for excess average weekly returns for the benchmark index over MLPA for the past year is 3.96.

    By Alex Chamberlin
  • uploads///TE of select MLPs
    Energy & Utilities

    An investor’s must-know guide to tracking error for MLP ETFs

    Tracking error measures how closely a portfolio follows the index it’s benchmarked to—that is, how well a fund manager replicates the performance of a specific index.

    By Alex Chamberlin
  • uploads///fund flows
    Energy & Utilities

    What Do the Fund Flows into Top MLP ETFs Indicate?

    So far in 2019, AMLP, AMZA, and EMLP have seen net outflows of $184 million, $5 million, and $53 million, respectively.

    By Rekha Khandelwal, CFA
  • uploads///Fund flows
    Miscellaneous

    What Do the MLP Funds Flows Indicate?

    AMLP has seen a net outflow of $467.8 million over the past one-month period ended March 16, 2018.

    By Kurt Gallon
  • uploads///fund flows into top mlp etfs
    Energy & Utilities

    How Flows into Top MLP ETFs Are Trending

    The total net fund flow into the top five MLP ETFs by asset under management in February 2018 was -$466 million.

    By Rekha Khandelwal, CFA
  • uploads///relatively stable week for mlps
    Miscellaneous

    MLPs Were Stable Last Week despite Fall in Crude Oil Prices

    The Alerian MLP Index, the benchmark index for energy MLPs, rose 0.2% in the week ended July 7, 2017.

    By Rekha Khandelwal, CFA
  • uploads///weekly fund flows in amlp
    Miscellaneous

    Take a Look at Fund Flows in MLP ETFs Last Week

    After three weeks of negative flows, the Alerian MLP ETF (AMLP) witnessed a net inflow of $5.6 million for the week ended June 23, 2017.

    By Rekha Khandelwal, CFA
  • uploads///paas distributable cash flow and capex
    Company & Industry Overviews

    Acquisitions Continue to Play a Role in PAA’s Expansion Plans

    In August 2016, PAA announced a 2Q16 quarterly cash distribution of $0.70 per limited partner unit, which was unchanged from its 1Q16 per-unit distribution.

    By Rekha Khandelwal, CFA
  • uploads///EBITDA estimates
    Earnings Report

    Analyzing NuStar Energy’s 1Q16 EBITDA Estimates

    NuStar Energy is expected to release its 1Q16 earnings on April 27. Wall Street analysts’ 1Q16 consensus EBITDA estimate for NuStar Energy is $144.3 million.

    By Kurt Gallon
  • uploads///inventory
    Macroeconomic Analysis

    Why a 0.3% Rise in Crude Oil Inventories Impacted MLPs

    According to data released on March 16, 2016, US crude oil inventories rose 0.3% in the week ending March 11, 2016.

    By Kurt Gallon
  • uploads///mont belvieu weekly ethane prices
    Macroeconomic Analysis

    Ethane Prices Fall 3%: Impact on MLPs

    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.

    By Rekha Khandelwal, CFA
  • uploads///paas forward distribution yield
    Company & Industry Overviews

    Plains All American Trades at a Much Higher Forward Yield than Its Historical Average

    Plains All American Pipeline currently trades at a forward distribution yield of about 14%—more than double of its five-year average of 6.6%.

    By Rekha Khandelwal, CFA
  • uploads///BPL cash flow measures
    Company & Industry Overviews

    Analysis of Buckeye Partners’ Cash Flow Measures

    Buckeye Partners’ capital expenditures for the first nine months of 2015 were ~$433.1 million. This is 43.9% higher than what it spent during the first nine months of 2014.

    By Kurt Gallon
  • uploads///BPL Net debt to EBITDA
    Company & Industry Overviews

    Key Analysis of Buckeye Partners’ Leverage Situation

    Buckeye Partners borrowed ~$1.1 billion under its credit facility in the first nine months of 2015. It repaid ~$0.84 billion under the same facility.

    By Kurt Gallon
  • uploads///weekly crude oil prices
    Macroeconomic Analysis

    How Did the Rise in Crude Oil Prices Impact MLPs?

    US crude oil prices impact energy MLPs differently. Upstream companies are affected directly by fluctuations in crude oil prices.

    By Rekha Khandelwal, CFA
  • uploads///fractionation spread
    Macroeconomic Analysis

    Fractionation Spread Rose after Falling for 3 Weeks in a Row

    The Henry Hub-Mont Belvieu fractionation spread rose to $11.2 per barrel in the week ending November 27. It was $10.3 per barrel in the previous week.

    By Rekha Khandelwal, CFA
  • uploads///natural gas prices
    Macroeconomic Analysis

    Natural Gas Prices Rose and Impacted MLPs

    NYMEX near-month Henry Hub natural gas futures contracts rose last week. Natural gas prices closed at $2.21 per MMBtu on November 27.

    By Rekha Khandelwal, CFA
  • uploads///natural gas prices
    Macroeconomic Analysis

    Falling Natural Gas Prices Continue to Impact Energy MLPs

    Natural gas prices closed at $2.14 per MMBtu (British thermal units in millions) on November 20 after closing the previous week at $2.36 per MMBtu.

    By Rekha Khandelwal, CFA
  • uploads///weekly crude oil prices
    Macroeconomic Analysis

    WTI and Brent Prices Rose Last Week, Affecting Energy MLPs

    Brent first-line futures prices rose 3.3% to $49.6 per barrel last week from $48.0 at the end of the previous week.

    By Rekha Khandelwal, CFA
  • uploads///fractionation spread
    Macroeconomic Analysis

    Fractionation Spread Rose Last Week, Impacting Energy MLPs

    The Henry Hub-Mont Belvieu fractionation spread rose to $11.5 per barrel for the week ending October 30, 2015. The spread was $10.5 per barrel in the previous week.

    By Rekha Khandelwal, CFA
  • uploads///natural gas prices
    Macroeconomic Analysis

    Natural Gas Prices Rose Last Week: Impact on Energy MLPs

    Natural gas prices closed at $2.32 per MMBtu (British thermal units in millions) on October 30 after closing the previous week at $2.29 per MMBtu.

    By Rekha Khandelwal, CFA
  • uploads///ebitda versus consensus estimates
    Earnings Report

    Can Enbridge Energy Partners Match Its 3Q15 Earnings Estimates?

    Analysts expect that Enbridge Energy Partners’ 3Q15 EBITDA will be more than triple the 2Q15 EBITDA and 18% higher than its 3Q14 EBITDA.

    By Rekha Khandelwal, CFA
  • uploads///adjusted revenues vs consensus estimates
    Earnings Report

    Will ONEOK Partners Miss 3Q15 Consensus Revenue Estimates Again?

    The consensus revenue estimate for ONEOK Partners (OKS) for the third quarter of 2015 is $2.6 billion. OKS missed revenue estimates by 23% in the second quarter of 2015.

    By Rekha Khandelwal, CFA
  • uploads///eeps ytd returns
    Earnings Report

    Enbridge Energy Partners’ Returns in 2015 Lag MLP Sector Returns

    Enbridge Energy Partners will report its third quarter 2015 results on November 2, 2015. It generated a total return of -27.3% since the start of 2015.

    By Rekha Khandelwal, CFA
  • uploads///Distribution Guidance
    Earnings Report

    Will Williams Partners’ Distributions Stay Flat in 2015?

    According to Williams Partners’ (WPZ) management, distributions are expected to stay flat for the rest of 2015.

    By Kurt Gallon
  • uploads///EBITDA Estimates
    Earnings Report

    Why Have Analysts Increased Williams Partners’ EBITDA Estimate?

    Wall Street analysts have increased WPZ’s 3Q15 EBITDA estimates despite the company’s significant misses in recent quarters.

    By Kurt Gallon
  • uploads///Crude oil and natural gas forecast
    Earnings Report

    How Will KMI’s Commodity Price Exposure Affect 3Q15 Performance?

    Kinder Morgan (KMI) operates like a toll road or a fee-based business with limited commodity price exposure.

    By Kurt Gallon
  • uploads///EBDA Breakdown
    Earnings Report

    Which Segment Will Drive Kinder Morgan’s 3Q15 Performance?

    Natural Gas Pipelines is Kinder Morgan’s largest business segment in terms of EBDA. In 2Q15, the segment alone accounted for 54% of the company’s total EBDA.

    By Kurt Gallon
  • uploads///Refinery Services
    Company & Industry Overviews

    Genesis Energy’s Refinery Services Have High Commodity Exposure

    Genesis Energy’s Refinery Services segment owns terminals and facilities in the Midwest, the Gulf Coast, Montana, Utah, British Columbia, and South America.

    By Kurt Gallon
  • uploads///DCF
    Company & Industry Overviews

    What Drove Energy Transfer Equity’s Distributable Cash Flow?

    Energy Transfer Equity’s (ETE) 2Q15 distributable cash flow rose to $335 million from $218 million in 2Q14. This is a YoY (year-over-year) increase of 53.60%.

    By Kurt Gallon
  • uploads///meps distributable cash flows
    Company & Industry Overviews

    Midcoast Energy’s Distributable Cash Flows Are Growing

    Midcoast Energy Partners’ (MEP) distributable cash flows increased in 2Q15 compared to 1Q15 and 2Q14. Its distributable cash flows have shown a rising trend since listing.

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

    What Are Energy Transfer Equity’s Capital Expenditure Forecasts?

    Energy Transfer Equity’s (ETE) major subsidiaries include Energy Transfer Partners (ETP), Sunoco Logistics (SXL), and Sunoco LP (SUN).

    By Kurt Gallon
  • uploads///natural gas prices
    Macroeconomic Analysis

    How Did a Rise in Natural Gas Prices Impact Energy MLPs Last Week?

    NYMEX near-month Henry Hub natural gas futures contracts rose last week compared to the previous week. Natural gas prices closed at $2.69 per MMBtu on September 11.

    By Rekha Khandelwal, CFA
  • uploads///fractionation spread
    Macroeconomic Analysis

    How Last Week’s Rise in the Fractionation Spread Affects MLPs

    The Henry Hub–Mont Belvieu fractionation spread rose to $7.54 per barrel for the week ending August 21, 2015.

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

    Holly Energy Partners: Best Midstream MLP Performer on August 24

    Holly Energy Partners (HEP) was the best performer among midstream MLPs at the end of trading on Monday, August 24. It rose 1.77% yesterday.

    By Kurt Gallon
  • uploads///ebitda vs consensus estimates
    Earnings Report

    ONEOK Partners in 2Q15: Volumes Benefit Operating Performance

    ONEOK Partners forms 4.5% of the Global X MLP ETF (MLPA). The firm has missed EBITDA estimates for all of the last ten quarters.

    By Rekha Khandelwal, CFA
  • uploads///PAA earnings by segment
    Energy & Utilities

    Must-know: Plains All American Pipeline’s segment-wise earnings

    This article discusses Plains All American Pipeline, L.P.’s (PAA) profits by segment—transportation, facilities, and supply and logistics. For the transportation segment, adjusted segment profit was $229 million—~37% higher YoY (or year-over-year)—and approximately $24 million above the midpoint of PAA’s guidance.

    By Keisha Bandz
  • uploads///Pine Prairie Energy Center
    Energy & Utilities

    Overview: Plains All American Pipeline’s gas storage facilities

    Currently, there are three major publicly traded independent storage firms, Plains All American Pipeline’s (PAA) natural gas storage subsidiary (PAA Natural Gas Storage), Niska Gas Storage Partners (NKA), and Crestwood Equity Partners (CEQP). PAA is part of the Alerian MLP (or master limited partnership) ETF (AMLP), while CEQP is part of the Global X MLP ETF (MLPA).

    By Keisha Bandz
  • Energy & Utilities

    PAA’s 1Q14 earnings analysis: Why reported segment profits beat estimates

    Plains All American Pipeline (PAA) released its 1Q14 earnings analysis on May 7, 2014.

    By Alex Chamberlin
  • uploads///Asset Map
    Energy & Utilities

    Must-know: An introduction to Plains All American Pipeline

    Plains All American Pipeline L.P. (PAA) is a master limited partnership that operates in the midstream energy business.

    By Alex Chamberlin
  • Energy & Utilities

    An investor’s guide to MLPA and its holdings, like Magellan

    The Global X MLP ETF (MLPA) tracks the Solactive MLP Composite Index. The index tracks the overall performance of the United States master limited partnerships (or MLP) asset class.

    By Alex Chamberlin
  • uploads///
    Energy & Utilities

    Why higher propane prices this winter could hurt some MLP names

    Last week, propane prices (as priced at Mont Belvieu) increased 9%. Higher propane prices this winter could negatively affect propane companies’ earnings.

    By Ingrid Pan
  • uploads///
    Energy & Utilities

    Why a warm winter could sap propane demand

    Propane distributors such as Amerigas Partners (APU), Ferrellgas (FGP), and Suburban Propane (SPH) sell propane and related equipment to a variety of end markets.

    By Ingrid Pan
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