Plains All American Pipeline 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///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///morning _
    Miscellaneous

    McDermott Outperformed Peers for Second Week in a Row

    Last week, MDR outperformed the energy sector for the second consecutive week. On June 5, MDR announced, “CCS JV, a joint venture between McDermott, Saipem and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum Corporation for the Mozambique Area 1 Liquefied Natural Gas Development.”

    By Rabindra Samanta
  • uploads///PAA
    Energy & Utilities

    Plains All American Pipeline: Recommendations and Price Targets

    Plains All American Pipeline (PAA) stock has risen ~18% in 2019, outperforming the Alerian MLP ETF (AMLP), which is up 12% year-to-date.

    By Rekha Khandelwal, CFA
  • uploads///short interest
    Earnings Report

    Recent Changes in Enterprise Products Partners’ Short Interest

    The short interest in Enterprise Products Partners (EPD) stock rose from 24.9 million shares on March 15 to 25.7 million shares on March 29.

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

    PAA, WMB, and OKE: Midstream Stocks Rose Last Week

    Last week, Plains All American Pipeline (PAA), Williams Companies (WMB), and ONEOK (OKE) rose 2.5%, 2.3%, and 1.9%, respectively.

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

    Enterprise Products’ Attractive Spread over Treasury Yield

    Enterprise Products Partners (EPD) is trading at a yield of ~6.2%, which is ~380 basis points higher than the US ten-year Treasury yield.

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

    Enterprise Products Partners Stock Is Trading Range-Bound

    Enterprise Products Partners has risen ~15% in 2019.

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

    Why Crude Oil Prices Drive Midstream Stocks

    So far, US crude oil prices have risen ~25% in 2019. The strength in oil prices is reflected in energy stocks’ year-to-date performance.

    By Rekha Khandelwal, CFA
  • uploads///top underperformers
    Energy & Utilities

    TRGP, CQP, and NBLX: Top Midstream Gains and Losses

    Targa Resources (TRGP) was the top midstream underperformer last week. Targa Resources fell 8.0% for the week.

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

    ENLC, ALTM, SUN, and SHLX: Top Midstream Gains and Losses

    EnLink Midstream Partners and EnLink Midstream (ENLC) fell 11.3% and 10.2%, respectively, last week.

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

    PAA, ET, and KMI: Which Top Midstream Stocks Fell Last Week?

    MLPs fell marginally in the week ending January 25. The Alerian MLP Index fell 0.6% last week.

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

    Enterprise Products’ Earnings Are Expected to Rise 20% in Q4

    Enterprise Products Partners (EPD) is scheduled to report its fourth-quarter results on January 31.

    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///PAA
    Energy & Utilities

    Is Plains All American Pipeline Stock a Good Bargain?

    Plains All American Pipeline (PAA) stock offers an upside potential of 21%—compared to the median target price of $28.2.

    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///featured image
    Energy & Utilities

    Midstream Stocks Underperformed the Broader Markets Last Week

    Energy sector stocks tumbled in the week ended October 26. The midstream sector underperformed the broader markets.

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

    KMI, EPD, ETE, and OKE: Key Midstream Rating Updates

    Credit Suisse gave a “neutral” rating to Magellan Midstream Partners (MMP), ONEOK (OKE), and Sunoco (SUN).

    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///analyst rating
    Energy & Utilities

    PAA, PSXP, HCLP: Key Rating Updates in the Last Week

    Stifel changed its rating and price targets for quite a few MLPs in the last week.

    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///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///PAA analyst recom
    Energy & Utilities

    Why Plains All American Pipeline’s Mean Price Target Has Risen

    On September 14, Morgan Stanley raised its price target for Plains All American Pipeline (PAA) from $27 to $28.

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

    Weekly Wrap-Up: How Top Midstream Stocks Fared

    Top midstream stocks Enterprise Products Partners (EPD) and Kinder Morgan (KMI) rose 0.9% and 0.7%, respectively, last week.

    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///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///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///engineering fuel gas holders
    Earnings Report

    Trends in Enterprise Products Partners’ Volumes

    Enterprise Products Partners (EPD) reported its second-quarter results on August 1. All four of the company’s segments reported higher earnings.

    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///oil production
    Earnings Report

    A Closer Look at Permian Basin Takeaway Capacity Constraints

    Permian Basin crude oil production has seen a dramatic rise in recent years.

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

    Why Plains All American Pipeline Has Outperformed in 2018

    Plains All American Pipeline (PAA) stock has risen ~14% so far in 2018 and outperformed many of its peers.

    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///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///WTI Midland WTI Cushing Spread
    Energy & Utilities

    WTI Cushing-WTI Midland Spread Continued to Widen

    In the week ending July 6, the WTI Cushing-WTI Midland spread widened for the second consecutive week. The spread widened to $12.8 per barrel.

    By Kurt Gallon
  • 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///yield
    Energy & Utilities

    Should Investors Chase Buckeye Partners’ Monstrous Yield?

    Buckeye Partners (BPL) was trading at a very high distribution yield of 14.6% on July 5.

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

    Update: Anadarko Petroleum’s Delaware Basin Operations

    According to Anadarko Petroleum (APC), the company’s Delaware Basin position is three times the size of its contiguous core DJ Basin footprint and holds 8,500 feet of stacked oil potential.

    By Keisha Bandz
  • 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///Permian pipelines
    Energy & Utilities

    Midstream Operaters Are Scrambling to Build a Permian Takeaway

    Amid concerns over Permian pipeline takeaway capacity, several pipeline projects have been announced or have come online recently to accommodate rising Permian production.

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

    Is Buckeye Partners’ Distribution Yield Sustainable?

    Buckeye Partners (BPL) was trading at a massive distribution yield of 13.5% as of June 13.

    By Kurt Gallon
  • uploads/// year returns
    Company & Industry Overviews

    Midstream Companies with the Highest Returns over Five Years

    Over the past five years, Oneok (OKE) has generated total returns of 125%, outperforming its peers.

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

    MLPs Rallied despite Crude Oil’s Weakness Last Week

    MLPs rallied despite crude oil’s weakness last week. The Alerian MLP Index (^AMZ) rose 2.7% during the week and ended at 269.1.

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

    WES Increased 2018 Capital Guidance, DCP Announced New Projects

    In this article, we’ll look at the 2018 capital spending plans of the four selected peers.

    By Kurt Gallon
  • uploads///Loss
    Miscellaneous

    Top MLP Losses in the Week Ending May 25

    Legacy Reserves (LGCY) was the top MLP loss last week. Legacy Reserves fell 36.2% mainly due to the weakness in crude oil prices.

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

    MLPs Rose Due to Strong Crude Oil and Higher Drilling Activity

    The Alerian MLP Index (^AMZ), which includes 50 energy MLPs, rose 3.1% last week and ended at 267.6.

    By Kurt Gallon
  • 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///ownership struc
    Earnings Report

    Is Energy Transfer Partners Exploring a C Corporation Structure?

    High leverage and a complex capital structure have been a drag on Energy Transfer Partners’ market performance.

    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///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///business _
    Company & Industry Overviews

    Race for Permian Continues, EPD and ETP Form New Joint Venture

    The race for the Permian region continues as the country’s largest midstream companies, Enterprise Products Partners (EPD) and Energy Transfer Partners (ETP), come together.

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

    MLPs Cooled Off after Rallying for 2 Consecutive Weeks

    MLPs cooled off in the week ending April 27. Out of the total 92 MLPs, 45 ended in the red, three remained unchanged, and 44 ended in the green.

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

    Enterprise Products’ Distributable Cash Flow Rose 23% in 1Q18

    Enterprise Products Partners reported its 1Q18 results on April 30. The company reported 23% YoY growth in its distributable cash flow.

    By Rekha Khandelwal, CFA
  • uploads///epd is up  percent
    Earnings Report

    Will 1Q18 Earnings Support Enterprise Products Partners Stock?

    So far, Enterprise Products Partners (EPD) stock has risen ~1% in 2018. The stock has outperformed the Alerian MLP ETF (AMLP).

    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///anr
    Energy & Utilities

    MLP Rating Updates for the Week Ending April 13

    Credit Suisse initiated coverage on CVR Refining (CVRR) with a “neutral” rating and assigned a target price of $14.

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

    MLPs Recovered Slightly amid Strong Crude Oil Gains

    US crude oil rose 8.6% last week and ended at $67.4 per barrel. Geopolitical tension increased due to the crisis in Syria.

    By Kurt Gallon
  • 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///short interest
    Company & Industry Overviews

    Short Interest in Magellan Midstream Partners Rose Recently

    Short interest as a percentage of float in Magellan Midstream Partners (MMP) is currently ~1.9% compared to 1.4% in mid-March 2018.

    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///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///featured image
    Energy & Utilities

    PAA, CNXM, and VNOM: Top MLP Gainers in a Down Sector

    While energy MLPs have been broadly beaten down in 2018, some MLPs have posted handsome gains YTD (year-to-date).

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

    New Permian Pipeline Projects: Corpus Christi Key Destination

    As production in the Permian increases, pipeline capacity should become more crucial for Permian producers.

    By Keisha Bandz
  • 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///short interest
    Company & Industry Overviews

    Short Interest in Plains All American Pipeline Fell 15%

    The short interest in Plains All American Pipeline (PAA) as a percentage of its float is 2.2%—lower compared to 2.6% in mid-February 2018.

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

    How Crude Oil Prices Could Impact Energy MLPs in 2018

    In this series, we’ll look at some of the key indicators that impact MLP performance in the long term.

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

    Could a Dividend Increase Support Kinder Morgan Stock?

    Kinder Morgan expects to generate $4.6 billion of distributable cash flow for 2018.

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

    Can Plains All American Pipeline Regain Upward Momentum?

    Plains All American Pipeline (PAA) fell below its short-term (50-day) and long-term (200d) moving averages.

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

    Why MLPs Underperformed the Energy Sector Last Week

    MLPs underperformed the energy sector and the broader US markets last week. Let’s take a look.

    By Kurt Gallon
  • uploads///anr
    Basic Materials

    Last Week’s Must-Know MLP Ratings Updates

    CVR Partners (UAN) got an upgrade from Cowen and Company last week. CVR raised UAN to “outperform,” which is equivalent to a “buy.”

    By Kurt Gallon
  • uploads///Gains
    Basic Materials

    Last Week’s Top MLP Gainers: Calumet and More

    Calumet Specialty Products Partners (CLMT), a downstream MLP involved in the production of specialty fuels, was the top MLP gainer last week.

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

    MLPs Recover Marginally after 2 Weeks of Hammering

    MLPs recovered marginally last week after two weeks of hammering. Here’s what you need to know.

    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///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///Loss
    Energy & Utilities

    Last Week’s Biggest MLP Losers: SMLP and More

    Summit Midstream Partners (SMLP), a midstream MLP mainly involved in crude oil gathering and processing and crude oil gathering, was the biggest MLP loser last week.

    By Kurt Gallon
  • uploads///pdh facility
    Company & Industry Overviews

    Enterprise Products Partners to Spend $3 Billion on Growth

    Enterprise Products Partners (EPD) spent $3.4 billion on capital projects in 2017.

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

    How ETE’s Distribution Coverage Trended in 2018

    Energy Transfer Equity (ETE) reported distributable cash flows of $263 million in 4Q17 compared to $299 million in 4Q16.

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

    60% of Top Midstream Companies Have Lower Mean Price Targets Now

    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///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///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///paa underperformed peers
    Earnings Report

    What Could Limit Plains All American Stock’s Upward Movement

    Plains All American Pipeline (PAA) stock underperformed peers in the last year period. PAA fell 28% in the last 12 months.

    By Rekha Khandelwal, CFA
  • uploads///short interest
    Earnings Report

    Why Short Interest in Plains All American Pipeline Rose 17%

    Short interest in Plains All American Pipeline (PAA) as a percentage of its float is 2.9%—higher than the 2.5% it recorded at the end of December 2017.

    By Rekha Khandelwal, CFA
  • uploads///paas capital expenditures
    Earnings Report

    Plains All American Pipelines’ Key Upcoming Capital Projects

    Plains All American Pipeline (PAA) invested ~$279 million in capital projects in 3Q17 and ~$893 million in the nine months ended September 30, 2017.

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

    The Alerian MLP Index Has Risen 10.0% in January

    The Alerian MLP Index (^AMZ) rose 2.3% last week and ended at 302.7. Overall, the index has risen 10.0% since the beginning of the year.

    By Kurt Gallon
  • uploads///Loss
    Basic Materials

    Why PAA Was the Biggest MLP Loser Last Week

    Plains All American Pipeline (PAA) was the biggest MLP loser last week, which ended on January 19, 2018. The partnership ended the week 6.1% lower.

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

    MLPs Cool Off after a Strong 2-Week Rally

    MLPs (master limited partnerships) cooled off last week, which ended on January 19, after two weeks of a strong rally.

    By Kurt Gallon
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