MPLX LP

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  • 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///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///midstream stocks near  week low
    Basic Materials

    Midstream Stocks Approach 52-Week Lows: Time to Buy?

    Several midstream stocks hit their respective 52-week lows in the last five days. Crude oil prices took a hit yesterday amid concerns over trade talks.

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

    Top Midstream Energy Stocks: What Analysts Got Wrong

    Despite stable earnings and dividend growth, MLP stocks are depressed. We look at the top midstream energy stocks’ performance in the past 12 months.

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

    These 5 Refiners Make Half the Crude Oil in the US

    The total refiners capacity in the US is around 18.8 million barrels per calendar day. The refinery utilization rate in 2018 was 93%.

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

    Analyzing the Top 5 MLPs That Analysts Recommend

    In this article, we’ll look at five MLPs with at least 90% buy ratings: EPD, MPLX, Energy Transfer, Viper Energy Partners, and Black Stone Minerals.

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

    MPLX Is Trading at Attractive Yield of 8.5%

    MPLX’s average yield for the last five years is ~5.6%.

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

    Will Andeavor Logistics’ Acquisition Support MPLX Stock?

    MPLX (MPLX) has underperformed its midstream peers so far in 2019. The stock is up only ~1% so far in 2019.

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

    MPLX to Acquire ANDX to Create a Large Midstream Company

    On May 8, Marathon Petroleum (MPC), MPLX LP (MPLX), and Andeavor Logistics LP (ANDX) announced that MPLX would acquire ANDX.

    By Maitali Ramkumar
  • uploads///price range forecast
    Earnings Report

    How EPD Is Expected to Perform ahead of Its Earnings

    In this article, we’ll take a look at how Enterprise Products Partners (EPD) stock may perform leading up to its earnings release on May 1.

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

    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%.

    By Rekha Khandelwal, CFA
  • uploads///crude oil demand and supply
    Energy & Utilities

    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.

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

    Why Energy Transfer’s Distribution Yield Looks Attractive

    Energy Transfer (ET) offers a distribution yield of 7.9%, which is higher than its five-year average yield.

    By Vineet Kulkarni
  • uploads///featured image
    Company & Industry Overviews

    KMI, ET, and PAA: How Midstream Stocks Fared Last Week

    Midstream stocks ended mixed last week. The Alerian MLP Index fell 0.3%, while XLE fell 0.5% last week.

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

    Who Added Big Positions in MPLX in Q4 2018?

    According to its latest 13F filing, Tortoise Capital Advisors sold net ~0.9 million shares of MPLX (MPLX) and held 3.4% of its total outstanding shares as of December 31.

    By Vineet Kulkarni
  • uploads///quarterly ebitda and dcf
    Company & Industry Overviews

    What Does Kinder Morgan’s Earnings Trend Indicate?

    Kinder Morgan’s (KMI) normalized EBITDA grew 8% in 2018. The growth follows a fall of 6% in Kinder Morgan’s EBITDA in 2017.

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

    EPD Expects to Complete $4.5 Billion of New Projects in 2019

    Enterprise Products Partners (EPD) spent ~$4.2 billion on growth projects in 2018.

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

    EPD, MMP, MPLX: How Their Earnings Growth Stacks Up

    In this series, we’ll look at the YoY EBITDA growth and capital expenditure for Enterprise Products Partners (EPD), Magellan Midstream Partners (MMP), and MPLX (MPLX).

    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///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///analyst recom
    Energy & Utilities

    Analysts Are Bullish on EPD, MMP, and MPLX

    Among the 23 analysts covering Enterprise Products Partners, 12 rated it as a “strong buy,” ten rated it as a “buy,” and one rated it as a “hold.”

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

    Total Returns: EPD, MMP, and MPLX Outperformed the Energy Sector

    While MLP stock prices might fall, they might still generate positive total returns for investors due to their yield returns.

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

    Why Are EPD, MMP, and MPLX’s Yields Attractive?

    Enterprise Products Partners, Magellan Midstream Partners, and MPLX are trading at attractive yields of 6.4%, 6.5%, and 7.6%.

    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

    Midstream Stocks Gained for the Third Straight Week

    Midstream stocks and MLPs continued to gain in the third week of 2019. The Alerian MLP Index rose 1.9% in the week ending January 18.

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

    High-Yield MLPs: What Wall Street Recommends

    Energy Transfer (ET) stock was rated a “strong buy” or “buy” by 88% of analysts surveyed by Reuters.

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

    7 MLPs Offering a Yield above 7%

    MLPs are performing well in 2019. In this series, we’ll take a look at MLPs trading at a yield higher than 7%.

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

    How Top Midstream Stocks Could Perform in 2019

    With simplified structures and greater financial discipline, MLPs look better-equipped to perform in the volatile commodity price environment.

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

    MPLX Stock Looks Attractive

    MPLX’s (MPLX) median target price is $41.4, which implies an upside potential of more than 25% from its current price of $33.0.

    By Vineet Kulkarni
  • uploads///analyst recom
    Earnings Report

    MPLX Stock: Analysts Expect 22% Upside

    MPLX’s mean target price is $42. The target price implies an upside potential of ~22% from MPLX’s current price of $34.5.

    By Rekha Khandelwal, CFA
  • uploads///amz and treasury yield spread
    Company & Industry Overviews

    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.

    By Rekha Khandelwal, CFA
  • uploads///price to dcf
    Company & Industry Overviews

    EPD, MPLX, ETP, PAA: What Do Current Valuations Indicate?

    Andeavor Logistics, Magellan Midstream Partners, and Plains All American Pipeline, top Alerian MLP Index constituents by market capitalization, are trading at price-to-DCF ratios higher than the peer average.

    By Rekha Khandelwal, CFA
  • uploads///analysts are bullish on top mlps
    Energy & Utilities

    EPD, ETE, PAA, and MMP: What Do Analysts Recommend?

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

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

    PAA and EPD Have Outperformed Their Peers in 2018

    Plains All American Pipeline (PAA) has risen ~14% in 2018 and outperformed its MLP peers. Enterprise Products Partners (EPD) has risen 8%.

    By Rekha Khandelwal, CFA
  • 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///monthly crude oil production
    Energy & Utilities

    US Crude Oil Production Continues to Rise

    The US crude oil production was 11 million barrels per day for the week ending September 14, according to data from the EIA.

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

    Will Crude Oil Prices Support Energy MLPs?

    In the September Short-Term Energy Outlook report, the EIA expects WTI crude oil prices to average $67 per barrel in 2018 and $68 per barrel in 2019.

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

    OKE, ETE, MPLX, PAA: How Top Midstream Stocks Fared Last Week

    After a 0.4% gain in the previous week, the Alerian MLP Index fell 0.5% last week. The Index is up 1.2% YTD (year-to-date), whereas on a total return basis—which includes distributions—the index is up ~7.3% YTD.

    By Rekha Khandelwal, CFA
  • 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///top mlp losers
    Energy & Utilities

    A Look at Last Week’s Worst Midstream Performances

    Hi-Crush Partners (HCLP) fell 5% during the week that ended on August 24. The stock has been on a downward trajectory for over a month.

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

    Weekly Wrap-Up: Last Week’s Key Midstream Sector Updates

    Crude oil prices rose ~4.3% last week, and the Energy Select Sector SPDR ETF (XLE) rose 2.7%. How did top midstream stocks fare?

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

    EPD and MPLX Have High Earnings Growth

    Kinder Morgan’s adjusted EBITDA grew 7% YoY in the second quarter. The EBITDA grew at an average rate of 4% over the last six quarters.

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

    KMI and WMB Saw a Rise in the Short Interest

    The short interest in Enterprise Products Partners (EPD) fell 9.4% from 8.5 million shares on July 13 to 7.7 million shares on July 31.

    By Rekha Khandelwal, CFA
  • uploads///forward ev to ebitda multiples
    Company & Industry Overviews

    Analyzing Kinder Morgan’s Discounted Valuation

    Kinder Morgan’s multiple is 27% lower than its five-year average. Kinder Morgan’s lower multiple could be due to analysts’ lower growth expectations.

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

    Why MPLX’s 6.6% Yield Is Attractive

    Enterprise Products Partners and MPLX’s distributions have been on an upward trend. However, MPLX’s distributions grew faster.

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

    Enterprise Products Has Outperformed Its Peers in 2018

    So far, Enterprise Products Partners (EPD) has risen ~9% in 2018. The company has outperformed its peers in the midstream sector.

    By Rekha Khandelwal, CFA
  • uploads///accountant _
    Earnings Report

    MLPs’ Strong Earnings Growth Continued in Q2 2018

    Of the top 15 MLPs by market cap, 13 reported YoY (year-over-year) rises in their quarterly revenues and earnings.

    By Kurt Gallon
  • uploads///featured image
    Earnings Report

    Hi-Crush Partners’ Sand Volumes Rose 16% in Q2 2018

    Hi-Crush Partners reported its second-quarter results on July 31 after the markets closed. The company reported an adjusted EBITDA of $81.5 million.

    By Rekha Khandelwal, CFA
  • 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///Gains
    Energy & Utilities

    MLP Top Gainers: Hi-Crush Partners Led the Rally Last Week

    Hi-Crush Partners (HCLP), a frac sand producer, was the top MLP gainer last week with a massive 40.6% rally driven by positive announcements.

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

    MLP Rally Continues: Alerian MLP Index in Green for Fourth Week

    The strong positive momentum for MLPs continues. The Alerian MLP Index with 44 energy MLPs ended in the green last week.

    By Kurt Gallon
  • 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///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///recommendations summary
    Energy & Utilities

    Which Top Midstream Companies Have an Attractive Upside

    Of the top midstream companies we’ve discussed in this series, only ONEOK (OKE) and Cheniere Energy (LNG) have met analysts’ mean price targets from a year ago.

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

    EPD, MPLX, ETP, and PAA: Analysts’ Recommendations

    Of the four MLPs that we’re discussing in this series, Enterprise Products Partners (EPD) received the most “buy” recommendations.

    By Rekha Khandelwal, CFA
  • uploads///ETP has the highest leverage
    Company & Industry Overviews

    Energy Transfer Partners’ Leverage Is Improving

    Energy Transfer Partners’ (ETP) net debt-to-adjusted EBITDA stands at ~5.1x—the highest among the four MLPs that we’re discussing in this series.

    By Rekha Khandelwal, CFA
  • uploads///distribution coverage and growth
    Company & Industry Overviews

    ETP, MPLX, and EPD: Top MLPs Are Trading at Attractive Yields

    Energy Transfer Partners is trading at a high yield of ~11.8%. MPLX and Enterprise Products Partners are trading at attractive yields of 7.3% and 6.2%.

    By Rekha Khandelwal, CFA
  • uploads///forward ev to ebitda
    Company & Industry Overviews

    EPD, ETP, and MPLX: Are the Top MLPs Undervalued?

    Enterprise Products Partners (EPD) is trading at a forward EV-to-EBITDA multiple of ~13x—lower than its five-year average multiple of 14.4x.

    By Rekha Khandelwal, CFA
  • uploads///entrepreneur idea competence vision
    Company & Industry Overviews

    Plains All American Pipeline Has Outperformed Its Peers in 2018

    So far in 2018, Plains All American Pipeline (PAA) stock has risen nearly 10% and outperformed its peers.

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

    MPLX LP Places Third in Terms of Analyst Ratings

    In terms of analysts ratings, MPLX LP (MPLX), a diversified midstream MLP owned by Marathon Petroleum (MPC), places third among the seven midstream companies we’re looking at.

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

    AMZ and the Treasury Yield Spread Narrowed

    So far, the US Treasury yield has risen by 53 basis points YTD. At the same time, AMZ’s yield has increased by 12 basis points.

    By Kurt Gallon
  • uploads///featured image
    Company & Industry Overviews

    Here’s What Makes MPLX an Interesting Stock

    MPLX generated total returns, including distributions, of 17% in the last year. Its total returns over five years stand at 28%.

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

    How Midstream Stocks Fared over the Last Three Years

    With strengthening oil prices, investor interest in the energy sector is on the rise. Many wonder if now is the right time to invest.

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

    Harvest Fund Advisors Added Major Positions in PAA in Q1 2018

    In this article, we’ll look into the institutional activity in Plains All American Pipeline (PAA) during the first quarter.

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

    What Did Institutional Investors Do with Their Positions in EPD?

    The number of institutional holders in Enterprise Products Partners fell to 1,063 by the end of the first quarter.

    By Kurt Gallon
  • uploads///accountant _
    Earnings Report

    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.

    By Kurt Gallon
  • uploads///analysts recom
    Energy & Utilities

    KMI, EPD, WPZ, MPLX: Analysts Are Bullish on Midstream Companies

    Of the analysts covering Kinder Morgan (KMI), 64% recommended “buy,” and 36% recommended “hold.”

    By Rekha Khandelwal, CFA
  • uploads///kmis net debt to ebitda
    Company & Industry Overviews

    KMI, EPD, WPZ, and MPLX: A Leverage Comparison

    Kinder Morgan’s (KMI) net debt stood at $37.0 billion at the end of 1Q18, $331 million higher quarter-over-quarter.

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

    Higher Permian Volumes Drove Plains All American’s 1Q18 Results

    Plains All American Pipeline reported its 1Q18 results on May 8 after the market closed. The company reported 16% YoY growth in the adjusted EBITDA.

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

    What Analysts Recommend for ETP and ETE before 1Q18 Earnings

    About 72% of the analysts surveyed by Reuters rate Energy Transfer Equity (ETE) a “buy” as of May 1, and 28% rate it a “hold.”

    By Kurt Gallon
  • uploads///featured image
    Earnings Report

    ONEOK’s 1Q18 Earnings Rose 24% Due to Higher Volumes

    ONEOK (OKE) reported its 1Q18 results yesterday. The company’s adjusted EBITDA grew 24% YoY in 1Q18.

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

    Genesis Energy Is Trading at a Discount despite Strong Earnings

    Genesis Energy is expected to post 27.4% YoY EBITDA growth in the first quarter of 2018 compared to 1Q17.

    By Kurt Gallon
  • uploads///accountant _
    Earnings Report

    Top Earnings Growth Expected from Midstream Companies in 1Q18

    In this series, we’ll look at the top ten midstream companies based on earnings growth expectations for 1Q18.

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

    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.

    By Kurt Gallon
  • uploads///analyst recom
    Energy & Utilities

    Kinder Morgan: What Wall Street Analysts Say

    On March 21, 2018, Bank of America upgraded Kinder Morgan (KMI) stock to “buy” from “neutral,” with a price target of $20.00.

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

    What MLPs’ Current Valuations Indicate

    MLPs on average are currently trading at an EV-to-EBITDA multiple of 9.0x.

    By Kurt Gallon
  • uploads///Value chain
    Company & Industry Overviews

    Who’s Protected from FERC’s Revised Income Tax Policy?

    Midstream companies such as Kinder Morgan (KMI), Targa Resource (TRGP), and ONEOK (OKE) are taxed as C-corps, so the revised policy doesn’t apply to them.

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

    What Does MPLX LP’s Current Distribution Yield Indicate?

    About 78.9% of analysts rate MPLX LP as a “buy,” and the remaining 21.1% rate it as a “hold.”

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

    What’s Driving the Jump in MPLX LP’s Capital Spending?

    MPLX LP (MPLX) expects its 2018 capital expenditure to be ~$2.4 billion, which represents a 47.0% increase compared to the previous year.

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

    What Are Institutional Investors Doing with Positions in PAA?

    Harvest Fund Advisors and CIBC Atlantic Trust Private Wealth Management added major positions in Plains All American Pipeline during the fourth quarter.

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

    Tortoise Capital Advisors Bought ~40 Million Shares of ETP

    Energy Transfer Partners (ETP), the MLP subsidiary of Energy Transfer Equity (ETE), saw massive buying from institutional investors for the second consecutive quarter.

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

    Tortoise Capital Advisors Became Top Institutional Holder in MPLX

    Bank of America Merrill Lynch and Citi Investment Research were the biggest sellers in MLPX LP (MPLX) during the fourth quarter.

    By Kurt Gallon
  • uploads///pressure water line _
    Company & Industry Overviews

    BMO Capital Markets Unloaded Major Position in EPD

    The Alerian MLP Index (AMZ), which consists of 50 energy MLPs, lost 2.8% during the fourth quarter despite strong crude oil prices.

    By Kurt Gallon
  • 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///anr
    Earnings Report

    Why ETP Might Not See Rating Updates despite Strong 4Q Earnings

    75.0% of analysts surveyed by Reuters rate Energy Transfer Partners (ETP) a “buy” as of February 21, 2018, and the remaining 25.0% rate it a “hold.”

    By Kurt Gallon
  • uploads///nspc
    Earnings Report

    What’s ETE’s and ETP’s Price Forecast after 4Q17 Earnings?

    Energy Transfer Equity (ETE) and Energy Transfer Partners (ETP) have been very volatile since the start of this year.

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

    MLP Rating Updates during the Week Ending February 9

    In the week ending February 9, MPLX LP (MPLX) was on Wall Street analysts’ radar for the second consecutive week.

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

    The MLP-Treasury Yield Spread Widens

    The yield spread between the Alerian MLP Index (^AMZ) and the ten-year Treasury has widened due to the recent correction.

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

    ONEOK Has the Second-Highest Correlation with Crude Oil

    ONEOK (OKE), an S&P 500 midstream C corporation, has the second-highest correlation with crude oil among midstream companies.

    By Kurt Gallon
  • uploads///marcellus nat gas
    Earnings Report

    A Sneak Peek at Williams Partners’ 4Q17 Gathering Volumes

    Williams Partners, the largest natural gas gatherer in the Marcellus and Utica regions, is expected to see strong volume growth in the regions in the fourth quarter.

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

    Antero Midstream Has a 37% Upside Potential from Current Levels

    Antero Midstream Partners has lost 8.4% since the beginning of this year.

    By Kurt Gallon
  • 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///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///ANR
    Earnings Report

    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.”

    By Kurt Gallon
  • uploads///Gains
    Basic Materials

    Last Week’s Top MLP Gainers

    CVR Partners (UAN), the MLP mainly involved in the production of nitrogen fertilizers, was the top MLP gainer last week. CVR Partners rose 7.7%.

    By Kurt Gallon
  • uploads///operating income by segment
    Earnings Report

    Higher Volumes, Acquired Assets Drove MPLX’s 3Q17 Earnings Growth

    MPLX’s (MPLX) Gathering and Processing segment contributed 62% of MPLX’s 3Q17 operating income.

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

    Understanding MPLX’s 5th Position in the Top 7 MLPs

    MPLX’s “buy” rating percentage has risen from 68% at the end of 2016 to 94% as of September 28, 2017.

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

    The Top 7 Analyst Favorite MLPs

    Antero Midstream Partners, Viper Energy Partners, and Hoegh LNG Partners have the most “buys” among all the publicly traded limited partnerships.

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

    What MPLX’s Current Distribution Yield Indicates

    MPLX (MPLX) declared a distribution of ~$0.56 per common share for 2Q17. That represents a 4.2% sequential increase and a 10.3% increase over 2Q16.

    By Kurt Gallon
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