Global X MLP & Energy Infrastructure ETF
The MPLX crude oil pipeline system
MPLX crude pipelines are connected to supply hubs, and transport crude oil to Marathon Petroleum Corporation’s, or MPC’s, refineries and third parties.
Overview of Cheniere’s sale and purchase contracts
Cheniere Energy, Inc.’s MLP company’s Sabine Pass liquefaction project has already secured four fixed-price, 20-year sales and purchase agreements with third parties.
How Does Phillips 66 Partners’ Valuation Compare to Its Peers’?
Phillips 66 Partners’ forward distribution yield of 3.3%, owing to its fee-based revenues, consistent distribution growth, and strong coverage ratio.
Must-know: Atlas Pipeline’s first quarter earnings analysis
Atlas Pipeline Partners (APL) released its financial information for 1Q14 on May 5, 2014.
A must-know overview of Cheniere Energy
Cheniere Energy, Inc., is a Houston-based energy company engaged in the liquefied natural gas business.The Sabine Pass liquefaction project is one of the first projects to receive the necessary government permits to export liquefied natural gas.
Rose Rock Midstream: Top Midstream MLP Loser on August 25
Rose Rock Midstream (RRMS) was the top loser among midstream MLPs at the end of trading on Tuesday, August 25. It fell 4.71% in a single trading session.
MPLX LP: The infrastructure link in Marathon Petroleum’s chain
Marathon Petroleum Corporation, or MPC, owns 100% of the MPLX general partnership, or GP, interests, as well as the incentive distribution rights.
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.
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.
Kinder Morgan Lowered Its Project Backlog by $3.1 Billion
Kinder Morgan (KMI) decided to slash its quarterly dividend by 75% in the 2016 outlook it released few days ago.
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.
Overview: Regency’s growth projects in 2014
For the full year of 2014, Regency announced growth capex expenditures of $1.2 billion.
Why Williams Companies’ acquisition of Access Midstream is solid
Williams Partners (WMB) has a growing fee-based business model.
Recommendation: Compare YMLI versus the ETF’s benchmark index
The Yorkville High Income Infrastructure MLP ETF (YMLI) tracks the Solactive High Income Infrastructure MLP.
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.
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%.
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.
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).
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.
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.
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.
Enbridge’s Top Institutional Investors
Capital International Investors is the largest institutional investor in Enbridge stock. The company holds 5.3% of Enbridge’s outstanding shares.
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.
Cheniere Energy Signs a Long-Term Deal with Vitol Group
On September 17, Cheniere Energy (LNG) announced that it signed a 15-year agreement to supply liquified natural gas to Vitol Group.
Which Segment Will Drive Crestwood Equity’s 4Q15 Performance?
Crestwood Equity Partners’ (CEQP) Gathering and Processing segment, which mainly provides natural gas gathering, processing, and compression services, saw its 3Q15 EBITDA fall by 9.7% YoY (year-over-year) as compared to 3Q14.
Kinder Morgan Reported a Loss of $0.29 per Share in 4Q15
Kinder Morgan (KMI) reported its 4Q15 earnings on January 20, 2016. Its 4Q15 actual earnings per share fell to -$0.29 from $0.08 in 4Q14.
Why Have OKS’s Distributions Been Flat for Last Three Quarters?
On October 21, 2015, ONEOK Partners (OKS) declared a quarterly cash distribution of $0.79 per unit. OKS’s distributions remained flat for the third consecutive quarter.
Summit Midstream Partners: Midstream MLP Leader on October 9
Summit Midstream Partners (SMLP) was the top gainer among midstream MLPs (master limited partnerships) at the end of trading on Friday, October 9. SMLP rose 5.1% on Friday.
Western Gas and Antero Midstream Underperformed AMLP
Western Gas Partners and Antero Midstream Partners underperformed AMLP by 4.14 percentage points and 2.24 percentage points in term of the YTD returns.
JP Energy Partners: Top Midstream MLP Loser on September 2
JP Energy Partners (JPEP) was the top loser among midstream MLPs at the end of trading on September 2, falling 8.08%. JPEP stock has been on a roller coaster ride for the past few days.
American Midstream: Top Midstream MLP Gainer on August 25
American Midstream Partners (AMID) was the top gainer among midstream MLPs at the end of trading on Tuesday, August 25. It rose 11.53% yesterday.
How Different Contracts Affect Master Limited Partnerships
There are various types of contracts in energy MLPs that each have their own advantages and disadvantages.
How Do Master Limited Partnerships Grow?
MLPs normally pay out all the available cash to the unit holders in the form of quarterly cash distribution. They hold only the maintenance capital expenditure.
Phillips 66 Partners: The Sweeny to Pasadena products system
The Sweeny to Pasadena products system is strategically located to transport petroleum products from Texas to major third-party interstate pipeline systems.
Phillips 66 Partners: The Clifton Ridge crude system
The Clifton Ridge crude system is made up of three pipelines and two terminals. It supports the Lake Charles refinery in Westlake, Louisiana.
Business overview: Phillips 66 Partners
Phillips 66 Partners (PSXP) is a master limited partnership formed by Phillips 66 (PSX). PSXP operations are integral to PSX refineries.
The MPLX Midwest product pipeline systems
Canton to East Sparta consists of two parallel pipelines that connect MPC’s Canton refinery with the MPLX East Sparta, Ohio, breakout tankage and station.
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.
Williams Partners to merge with Access Midstream in an MLP
The merged MLP is expected to increase its 2015 distribution per unit to at least 25% above Access Midstream Partners’ (ACMP’s) current guidance of $2.79 per unit for 2015.
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.
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.