Magellan Midstream Partners, L.P.

Most Recent

  • 4 Methods of Investing in MLPs
    Company & Industry Overviews

    4 Methods of Investing in MLPs

    There are four methods of investing in MLPs. The MLP funds’ market cap reached $54 billion as of April 30, 2014. The number of MLP-focused funds reached 49.

    By Kurt Gallon
  • uploads///hurricane harvey
    Company & Industry Overviews

    Hurricane Harvey Impacted Energy MLPs

    Hurricane Harvey hit the US Gulf Coast last week. The US Gulf Coast is a major destination for US refineries and energy infrastructure.

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

    Why Buckeye Partners Is Outperforming Its Peers in 2017

    In this series, we’ll do a comparative analysis of four MLPs that provide crude oil and refined products transportation and terminaling services.

    By Kurt Gallon
  • uploads///trgp is trading at a valuation close to peer average
    Earnings Report

    Targa Resources’ Valuation Could Indicate a Buying Opportunity

    Targa Resources (TRGP) stock has tripled in the last year, outperforming its peers in the sector. Let’s take a look at the stock’s current valuation.

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

    Shell Midstream Trades at a Lower Distribution Yield than Its Peers

    Shell Midstream Partners is trading at a forward distribution yield of about 3%. Its forward yield is nearly 5 percentage points lower than its peers.

    By Rekha Khandelwal, CFA
  • uploads///pipeline image
    Earnings Report

    Plains All American’s 4Q17 Distributable Cash Flow Rose 15%

    Plains All American Pipeline (PAA) reported its 4Q17 results on February 6, 2018. The company’s DCF (distributable cash flow) for 2017 fell 7% compared to 2016, while its DCF for 4Q17 rose 15% year-over-year.

    By Rekha Khandelwal, CFA
  • uploads///broker recommendations
    Earnings Report

    Outlook for Plains All American Pipeline: 4Q15 and Beyond

    Plains All American Pipeline has revised its mid-point EBITDA guidance for full year 2015 to $2.2 billion, 3% below the $2.3 billion guidance it had previously provided.

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

    USO Is a Better Trade Compared to XOP in Week of July 2

    Shares of USO trade on the NYSE like company stock. The fund lost ~5.3% in the week ended July 2.

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

    Can Enbridge Energy Partners Gain Upward Momentum from Here?

    Enbridge Energy Partners (EEP) came close to its short-term 50-day SMA (simple moving average) during last week’s gain.

    By Kurt Gallon
  • uploads///price to dcf
    Earnings Report

    What Does Buckeye Partners Valuation Indicate?

    Buckeye Partners was trading at a price-to-distributable cash flow of 11.1x as of January 31, which is below the average of 13.8x in the last ten quarters.

    By Kurt Gallon
  • uploads///US crude oil production
    Company & Industry Overviews

    How US Oil Production Impacts MLPs

    Oil production in the US has increased drastically due to new technologies and the application of hydraulic fracturing and horizontal drilling.

    By Victor Cheng
  • uploads///broker recommendations
    Earnings Report

    EPD’s 3Q16 Results: Is a Recovery in Energy Coming Soon?

    On the current state of the energy industry, EPD’s CEO Jim Teague said, “We are optimistic that the energy industry has weathered the harshest part of this cycle.”

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

    Evaluating MLPs Performance – Distribution Growth and DCF

    Distribution growth is the cornerstone of MLP investing because it provides a hedge against inflation. Its preserves the investment’s purchasing power.

    By Kurt Gallon
  • uploads///WTI Midland WTI Cushing Spread
    Energy & Utilities

    WTI Spreads Widened Last Week: Does It Impact MLPs?

    The WTI Cushing-WTI Midland spread widened in the week ending June 15—compared to the previous week.

    By Kurt Gallon
  • uploads///mmps ebitda by segment
    Company & Industry Overviews

    Magellan Midstream: Analyzing How Its Segments Performed

    Magellan Midstream Partners’ (MMP) Refined Products segment, which primarily transports gasoline and diesel, earned 61% of its EBITDA for 2Q17.

    By Rekha Khandelwal, CFA
  • uploads///mmps ebitda by segment
    Company & Industry Overviews

    What to Make of Magellan Midstream Partners’ Segment Performances

    Magellan Midstream Partners’ (MMP) operational segments are Refined Products, Crude Oil, and Marine Storage.

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

    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.”

    By Kurt Gallon
  • uploads///midstream
    Macroeconomic Analysis

    What Does Spectra Energy’s Moving Average Crossover Mean?

    On February 8, Spectra Energy’s 20-day moving average crossed above its 100-day moving average, reflecting a strong rising trend in the stock.

    By Rabindra Samanta
  • uploads///PAAs ebitda by segment
    Earnings Report

    How Plains All American Pipeline’s Segments Could Perform in 1Q16

    Plains All American’s Transportation segment contributed ~45% of the total adjusted EBITDA in 4Q15, which was low due to the lower average price per barrel.

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

    Cushing inventories increase for the third week in a row

    Cushing, Oklahoma, is the delivery point for NYMEX crude futures contracts. It’s where a lot of supply sources of crude meet a lot of demand sources for that crude.

    By Keisha Bandz
  • uploads///forward ev to ebitda multiples
    Company & Industry Overviews

    What Does Energy Transfer Partners’ Valuation Indicate?

    Magellan Midstream Partners has the highest EV-to-EBITDA ratio among the MLPs under consideration.

    By Rekha Khandelwal, CFA
  • uploads///Year to Date Movement in Cushing Stocks
    Macroeconomic Analysis

    Cushing inventories continue to trend higher

    As new pipelines helped drain crude from Cushing inventories—mostly in the latter part of 2014—new pipelines also brought more crude to replenish them.

    By Keisha Bandz
  • uploads///cushing inv
    Energy & Utilities

    Key effect: How refiner activity affected Cushing inventories

    Increase in crude inventories is likely the result of declining refinery input demand—which decreased by 525,000 bpd—as refineries enter seasonal maintenance to prepare for the upcoming winter.

    By Keisha Bandz
  • Energy & Utilities

    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.

    By Alex Chamberlin
  • uploads///image
    Miscellaneous

    ETE’s Implied Volatility Rises ahead of Its Earnings

    On February 17, 2017, Energy Transfer Equity (ETE) had an implied volatility of 41.6%, the highest among the midstream companies that make up the Alerian MLP ETF (AMLP).

    By Rabindra Samanta
  • uploads///amz and  year treasury yield
    Company & Industry Overviews

    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.

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

    Reading the Top Institutional Holders in MPLX

    Among the top institutional holders, 9.33 million positions were added in 3Q17, which indicates a bullish sentiment toward MPLX.

    By Kurt Gallon
  • uploads///distribution coverage and growth
    Company & Industry Overviews

    Magellan Midstream Offers Strong Distribution Coverage and Growth

    Energy Transfer Partners increased its third quarter 2017 distributions by 2.7% compared to the previous quarter, the most out of the four MLPs.

    By Rekha Khandelwal, CFA
  • uploads///analyst recom
    Energy & Utilities

    61% of Analysts Call Magellan Midstream Partners a ‘Buy’

    On April 11, 2018, Mizuho cut Magellan Midstream Partners’ (MMP) price target from $72 to $66.

    By Rekha Khandelwal, CFA
  • uploads///distributable cash flows
    Company & Industry Overviews

    EPD, ETP, WPZ, and MMP: Analyzing Distributable Cash Flow Growth

    Why is distributable cash flow important? Distributable cash flow is a commonly used measure of MLP performance. The metric is broadly calculated by subtracting interest, tax, and maintenance capital expenditures from EBITDA (earnings before interest, taxes, depreciation, and amortization). Unlike C-corps, MLPs distribute a substantial part of generated cash flow to investors. As distributions to […]

    By Rekha Khandelwal, CFA
  • uploads///ANR
    Earnings Report

    Buckeye Partners: Analysts’ Recommendations

    Suntrust Robinson downgraded Buckeye Partners to “sell” from “hold.” Suntrust Robinson reduced the partnership’s target price to $31 from $43.

    By Kurt Gallon
  • uploads///kmi is down ytd
    Energy & Utilities

    Will Kinder Morgan Gain Upward Momentum?

    Kinder Morgan (KMI) stock surpassed its 50-day moving average on April 18. The stock is currently trading 3% above its 50-day moving average.

    By Rekha Khandelwal, CFA
  • uploads///analyst recom
    Earnings Report

    Reading Magellan Midstream Partners’ Target Prices after the 4Q17 Earnings

    On February 2, Barclays cut Magellan Midstream Partners’ price target from $78 to $76. On the same day, RBC cut MMP’s price target from $81 to $79.

    By Rekha Khandelwal, CFA
  • uploads///analyst recom
    Earnings Report

    Wall Street Analysts See a 30% Upside for Kinder Morgan

    On April 17, 2018, Barclays cut its target price for Kinder Morgan (KMI) from $23 to $20.

    By Rekha Khandelwal, CFA
  • uploads///Midstream Return
    Miscellaneous

    Which Volatile Midstream Stocks Have Been Moving Lately?

    As we saw in the previous article, Energy Transfer Equity (ETE) had the highest implied volatility among the midstream companies that are part of the Alerian MLP ETF (AMLP).

    By Rabindra Samanta
  • uploads///featured image
    Company & Industry Overviews

    Top Midstream Stocks Ended Last Week with Gains

    The top midstream sector stocks including Energy Transfer (ET), MPLX (MPLX), and Kinder Morgan (KMI) rose during the week ending February 1.

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

    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.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Energy & Utilities

    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.

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

    Things Didn’t Look Good for the Alerian MLP ETF (AMLP) Last Week

    The Alerian MLP ETF (AMLP) holds midstream MLP companies whose earnings are typically linked to the volumes of energy products they transport.

    By Keisha Bandz
  • uploads///analyst recom
    Energy & Utilities

    Will Top MLPs Generate Positive Returns in 2018?

    With all of the top four MLPs in the red so far in 2017, investors are wondering how they will perform in 2018.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Earnings Report

    Highlights from Kinder Morgan’s Fourth-Quarter Earnings

    Kinder Morgan reported its fourth-quarter earnings on January 16 after the markets closed. Kinder Morgan’s adjusted EPS grew ~19% YoY.

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

    AMLP Biggest Loser Among Energy Stock ETFs in Week Ended August 7

    The Alerian MLP ETF lost 6.36% in the week ended August 7. The ETF tracks an index of 25 midstream MLP companies.

    By Keisha Bandz
  • uploads///operating income by segment
    Earnings Report

    MPLX Had Higher Volumes and Acquired Assets

    MPLX’s (MPLX) Logistics and Storage segment’s adjusted EBITDA nearly tripled from $184 million in Q2 2017 to $526 million in Q2 2018.

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

    How Institutional Activity in MMP Trended in 4Q17

    The number of institutional holders in Magellan Midstream Partners (MMP) increased to 713 by the end of the fourth quarter compared to 669 in the previous quarter.

    By Kurt Gallon
  • uploads///PAA
    Energy & Utilities

    What’s Expected for Plains All American Pipeline Stock

    Of the 23 analysts covering Plains All American Pipeline (PAA), four recommend “strong buy,” six recommend “buy,” 12 recommend “hold,” and one recommends “strong sell.”

    By Rekha Khandelwal, CFA
  • uploads///dcf growth over  yrs
    Company & Industry Overviews

    MMP Expects 2.8% Growth in Its 2018 Distributable Cash Flow

    Magellan Midstream Partners (MMP) expects its 2018 DCF (distributable cash flow) to be $1.1 billion—2.8% higher than its 2017 DCF. Its DCF rose 7.8% in 2017.

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

    Institutional Activity in Magellan Midstream Partners in Q1 2018

    Brookfield Investment Management was the largest buyer in Magellan Midstream Partners during the first quarter.

    By Kurt Gallon
  • uploads///debt to ebitda ratios
    Company & Industry Overviews

    EPD, ETP, MMP, and WPZ: In-Depth Leverage Analysis

    Both Williams Partners (WPZ) and Energy Transfer Partners (ETP) had a net debt-to-EBITDA (earnings before interest, taxes, depreciation, and amortization) ratio of ~5x as of June 30.

    By Rekha Khandelwal, CFA
  • uploads///epd has risen
    Earnings Report

    Capital Projects Should Fuel Enterprise Products’ Earnings Growth

    Enterprise Products Partners (EPD) spent $1.2 billion on capital projects in the first quarter.

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

    April Cushing Inventories Move in on Capacity

    If inventories at Cushing reach capacity, oil prices could tumble further. That would hurt oil producing companies such as Hess (HES), ExxonMobil (XOM), Chevron (CVX), and Apache (APA).

    By Keisha Bandz
  • uploads///MMPs Presence in the Permian Basin
    Energy & Utilities

    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.

    By Keisha Bandz
  • uploads///total returns
    Company & Industry Overviews

    Which Midstream Stocks Generated the Most Returns in Q1?

    NGL Energy Partners (NGL) generated total returns, including price appreciation and dividends, of ~50% in the first quarter.

    By Rekha Khandelwal, CFA
  • uploads///cushing stock
    Energy & Utilities

    Why the long-term declining trend at Cushing may not continue

    Crude stocks at Cushing, Oklahoma increased by 716,000 barrels to 19.6 million barrels (or MMbbls) in the week ending October 10.

    By Keisha Bandz
  • uploads///pipeline image
    Energy & Utilities

    Magellan Midstream Has Fallen 11% Year-to-Date—What’s Ahead?

    Magellan Midstream Partners (MMP) stock has fallen nearly 11% so far in 2018.

    By Rekha Khandelwal, CFA
  • uploads///PAA and WTI
    Company & Industry Overviews

    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.

    By Rekha Khandelwal, CFA
  • uploads///weekly us crude oil supply and demand
    Macroeconomic Analysis

    Crude Oil Inventories Up in Week Ended August 28: Effect on MLPs

    According to data released on September 2, US crude oil inventories rose 1.0% in the week ended August 28 compared to the previous week.

    By Rekha Khandelwal, CFA
  • uploads///Returns Midstream
    Miscellaneous

    Why High Implied Volatility Midstream Stocks Move More Sharply

    NGL Energy Partners (NGL) has risen 127.9% in the last year, which is the highest among high implied volatility midstream stocks.

    By Rabindra Samanta
  • uploads///industrial _
    Earnings Report

    Buckeye Partners Posted Better-than-Expected 4Q17 Earnings

    Buckeye Partners (BPL) announced its fourth-quarter and fiscal 2017 earnings on February 9, 2018.

    By Kurt Gallon
  • uploads///growth in expansion capital spending
    Company & Industry Overviews

    How MMP’s Organic Projects Are Driving Its Growth

    A major chunk of Magellan Midstream Partners’ (MMP) expansion capital spending since 2006 has been on organic projects.

    By Rekha Khandelwal, CFA
  • uploads///price to dcf
    Energy & Utilities

    What Buckeye Partners’ Current Valuation Indicates

    On October 31, 2017, Buckeye Partners (BPL) was trading at a price-to-distributable-cash-flow multiple of 10.4x, which is significantly below the historical ten-quarter average of 13.8x.

    By Kurt Gallon
  • uploads///top outperformers
    Energy & Utilities

    MLPs and Midstream Stocks: Gains and Losses Last Week

    Cheniere Energy Partners, Magellan Midstream Partners, and Noble Midstream Partners were among the biggest gains last week.

    By Rekha Khandelwal, CFA
  • uploads///PAA earnings
    Fund Managers

    Magnetar Capital Increases Its Stake in Plains Group Holdings

    During 4Q14, Magnetar Capital increased its position in Plains Group Holdings. It represents 2.36% of the fund’s portfolio at the end of the fourth quarter.

    By Santiago Solari
  • uploads///ebitda vs estimates
    Earnings Report

    Magellan Midstream Reported 15% Growth in 2Q17 Earnings

    Magellan Midstream Partners (MMP) reported its 2Q17 earnings on August 2, 2017.

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

    Week Ending September 21, 2015: OIH Tops XOP

    OIH was flat in the week ending September 18, 2014. This ETF tracks an index of the top 25 US-listed OFS companies. OIH should mirror XOP’s performance.

    By Keisha Bandz
  • uploads///analyst recom
    Earnings Report

    Why Analysts Are Bullish on MPLX Stock

    Ratings for MPLX On July 18, Jefferies raised MPLX’s (MPLX) rating to “buy” and raised the target price for the stock to $38. Of the analysts surveyed by Reuters covering MPLX, 50% rate the stock as a “strong buy” and 50% rate it as a “buy.” None of the analysts rated MPLX as a “hold” […]

    By Rekha Khandelwal, CFA
  • uploads///historical cushing
    Macroeconomic Analysis

    Inventory Gains at Cushing Slowed the Week Ending April 17

    Unlike 2015, inventories in 2014 consistently fell before turning upward toward the latter part of the year.

    By Keisha Bandz
  • uploads///shlxs ytd returns
    Earnings Report

    What Will Drive Shell Midstream Partners’ Growth in 2016?

    Shell Midstream Partners (SHLX) has generated total returns of -13% since the start of 2016.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Energy & Utilities

    Why Is ONEOK Outperforming Its Peers in 2018?

    ONEOK (OKE) stock is up nearly 4% so far in 2018.

    By Rekha Khandelwal, CFA
  • uploads///Total Returns MLPS vs AMZI
    Macroeconomic Analysis

    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).

    By Keisha Bandz
  • uploads///etps distribution growth
    Company & Industry Overviews

    What’s Next for Energy Transfer Partners?

    Energy Transfer Partners (ETP) mainly provides natural gas midstream services including transportation and storage.

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

    KMI, OKE, and WMB: Top S&P 500 Dividend Stocks

    Kinder Morgan (KMI), Williams Companies (WMB), and ONEOK (OKE) are currently trading at yields of ~4.5%, 4.6%, and 5.0%, respectively.

    By Rekha Khandelwal, CFA
  • uploads///kmi analyst recom
    Energy & Utilities

    How Analysts Rate Kinder Morgan ahead of Its 3Q17 Results

    Wall Street analysts look bullish on Kinder Morgan (KMI) ahead of its 3Q17 results.

    By Rekha Khandelwal, CFA
  • uploads///ANR
    Earnings Report

    Buckeye Partners: Wall Street Recommendations after 4Q17 Earnings

    Amid the backwardation market conditions and significant inventory draws, Buckeye Partners’ (BPL) terminal capacity utilization is expected to remain a challenge in 2018.

    By Kurt Gallon
  • uploads///kmi fell last week
    Company & Industry Overviews

    Kinder Morgan’s 6.8% Fall Last Week Wiped Out Its 2018 Gains

    Kinder Morgan (KMI) was one of the worst-performing stock last week, which ended February 2, 2018. The broader markets fell 4%, and Kinder Morgan fell 6.8%, a 3% fall year-to-date.

    By Rekha Khandelwal, CFA
  • uploads///earnings last week
    Earnings Report

    Why 3Q17 Was Good for MLPs

    In this series, we’ll review 3Q17 earnings results for some mid-to-large cap limited partnerships.

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

    MPLX: Why Are Analysts So Bullish?

    Analysts seem to be bullish on MPLX. Among the 16 analysts tracking MPLX, eight recommended a “strong buy,” while eight recommended a “buy.”

    By Vineet Kulkarni
  • uploads///PAA STOCK
    Earnings Report

    A closeup of Plains All American Pipeline’s stock performance

    After its 4Q14 earnings announcement, Plains All American Pipeline’s (PAA) stock performance improved, jumping slightly by 1.6%.

    By Keisha Bandz
  • uploads///accountant _
    Earnings Report

    MLPs’ Strong Earnings Growth Continued in 4Q17

    After a solid 3Q17, master limited partnerships’ strong earnings performances continued in 4Q17.

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

    Plains All American Pipeline Expects Flat Earnings for Q2

    Plains All American Pipeline (PAA) will release its Q2 results on August 7 after the markets close.

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

    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%.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Energy & Utilities

    KMI, OKE, WMB: Midstream Stocks Tumbled Last Week

    Top midstream stocks including Kinder Morgan (KMI), Williams Companies (WMB), and ONEOK (OKE) fell last week.

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

    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.

    By Kurt Gallon
  • uploads///oil _
    Energy & Utilities

    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.

    By Kurt Gallon
  • uploads///g
    Energy & Utilities

    Must-know: An investor’s guide to the Alerian MLP ETF (AMLP)

    The Alerian MLP ETF (AMLP) is one of the top ETFs tracking the US energy and natural resources sector. This series provides a key overview of AMLP and its top four components.

    By Keisha Bandz
  • uploads///oxy midstream business
    Energy & Utilities

    Must-know: Occidental’s midstream and marketing segment

    The Dolphin Pipeline contributes significantly to Occidental’s pipeline transportation results through Occidental’s 24.5% interest in Dolphin Energy.

    By Keisha Bandz
  • uploads///total returns
    Company & Industry Overviews

    Could Magellan Midstream Generate Positive Returns in 2018?

    In this series, we’ll analyze MMP in depth, looking at its price targets, segmental performance, fee-based business, leverage, distributable cash flow, capital expenditure, and distribution growth.

    By Rekha Khandelwal, CFA
  • uploads///Most MLPs are focussed on Natural Resources
    Company & Industry Overviews

    Most MLPs Today Focus on the Oil and Gas Sector

    Currently close to 130 MLPs that trade on major exchanges have a primary focus on oil and gas midstream and downstream activities.

    By Victor Cheng
  • uploads///adjusted revenues vs estimates
    Earnings Report

    Why Plains All American Missed 3Q15 Consensus Revenue Estimates

    Plains All American Pipeline’s (PAA) revenues of $5.5 billion in 3Q15 were 22% lower than analysts’ consensus estimate. It has missed consensus revenue estimates in six out of the last ten quarters.

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

    What Drove Shell Midstream Partners’ EBITDA Growth in 4Q15?

    Shell Midstream Partners (SHLX) reported 4Q15 adjusted EBITDA of $65.5 million, which is more than double its adjusted EBITDA of $31.8 million in 4Q14.

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

    Can Magellan Midstream Partners Gain Upward Momentum?

    Last week, MMP went above its short-term (50-day) moving average, driven by its recent gains. That might indicate a bullish sentiment in MMP.

    By Kurt Gallon
  • uploads///MLPN returns
    Macroeconomic Analysis

    MLPN Gained 2%, Underperformed MLPI Last Week

    The Credit Suisse X-Links Cushing MLP Infrastructure ETN (MLPN) rose 2.0% in the week ended October 2, 2015. MLPI and AMJ rose 3.6% and 3.8%, respectively.

    By Rekha Khandelwal, CFA
  • uploads///broker recommendations
    Earnings Report

    Why 93% of Analysts Rate Enterprise Products Partners a ‘Buy’

    Of analysts surveyed by Bloomberg, ~93% rate Enterprise Products Partners (EPD) a “buy,” ~3.5% rate the MLP a “hold,” and ~3.5% rate it a “sell.”

    By Rekha Khandelwal, CFA
  • uploads///mmp forward dist yield
    Company & Industry Overviews

    Did Magellan Midstream Partners’ Fall Make It Attractive?

    Magellan Midstream Partners (MMP) reported its fourth-quarter results on January 31. The company reported a DCF of $302 million.

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

    Why Should Investors Include MLPs in Their Portfolios?

    Investors looking to take advantage of the recent US shale energy boom can invest in energy-oriented MLPs. They represent the majority of the MLP universe.

    By Kurt Gallon
  • uploads///analysts bullish on shlx
    Company & Industry Overviews

    What Do Shell Midstream Partners’s Price Targets Indicate?

    Of the analysts surveyed by Reuters, 60% rated Shell Midstream Partners (SHLX) as a “buy,” and 40% rated it as a “hold.”

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

    5 Dividend Stocks for an Uncertain Market

    The ongoing trade war and geopolitical uncertainties are keeping the stock markets volatile. This may attract investors to dividend stocks.

    By Rekha Khandelwal, CFA
  • uploads///Energy Transfer stock
    Energy & Utilities

    AMLP: What’s Next for Midstream MLPs after a Rebound?

    Midstream MLPs have recovered after hitting multiyear lows early this month. The ALPS Alerian MLP ETF (AMLP) is up more than 10% in the last two weeks.

    By Vineet Kulkarni
  • uploads///cushing crude
    Energy & Utilities

    Cushing inventories decline for first time in five weeks

    As new pipelines come online to bring more crude from Canada and the Bakken in North Dakota to Cushing, the downward trend in inventories may not persist.

    By Keisha Bandz
  • uploads///Williams companies earnings
    Energy & Utilities

    AMLP: What’s Next for Midstream MLPs after a Big Fall?

    The ALPS Alerian MLP ETF (AMLP), the representative of the top MLPs in the US, plunged to record lows last week. It’s trading near its all-time low of $7.7.

    By Vineet Kulkarni
  • uploads///Oil Production In Permian
    Energy & Utilities

    Why oil and natural gas production in the Permian should increase

    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.

    By Alex Chamberlin
    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.