Valero Energy Partners LP
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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.
Which MLPs Rose More than 6% Last Week?
Seadrill Partners (SDLP), the MLP involved mainly in offshore drilling, continued to be among the top MLP gainers for the second consecutive week.
How Changing Energy Demand Impacts MLPs’ Throughput Volumes
US natural gas demand is expected to rise in the coming years, driven by increased consumption by power utilities, industries, and liquefied natural gas exports.
US Distillate Inventories Were Down Less than Expected Last Week
The EIA reported that US distillate inventories fell by 0.3 MMbbls to 151.6 MMbbls in the week ending September 25.
US Gulf Coast 3:2:1 Crack Spread Rose 25% Last Week
The benchmark US Gulf Coast 3:2:1 crack spread rose ~25% last week. It hit $13.115 per barrel on Friday, September 25
Which MLPs Are Leading in Distribution Growth?
MLPs’ distribution In this article, we’ll look at MLPs’ distribution growth for the latest quarter. Of 113 MLPs, 37 managed to grow their quarterly distribution based on 4Q16 earnings. Nearly 62 MLPs kept their distribution unchanged. This includes GPs (general partners) of limited partnerships and midstream C corporations. EQT GP Holdings (EQGP), Capital Product Partners […]
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).
Why Only 9 MLPs Ended in the Green Last Week
Alon USA Partners (ALDW), a downstream MLP involved in crude oil refining and refined products marketing, was the top MLP gainer last week.
Valero Energy Stock Fell 10%: What’s the Story?
Valero Energy (VLO) stock fell 10.3% on Friday, October 19. That same day, Goldman Sachs downgraded the stock from a “neutral” to a “sell.”
US Gasoline Inventories Could Spill Outside the 5-Year Range
The EIA reported that US gasoline inventories increased by 3.3 MMbbls to 222 MMbbls in the week ending September 25.
The Biggest MLP Losses Last Week
Sprague Resources (SRLP), which is involved in refined products and natural gas terminalling and marketing, recorded the biggest loss last week.
US Gasoline Prices Down 2.5% in the Week Ended November 6
US gasoline prices mirrored crude oil prices and fell initially during the week.
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.
New York Harbor ULSD Spot Prices Have Risen: Why?
The New York Harbor ULSD (ultra-low sulfur diesel) spot price was $1.505 per gallon on November 2, 2015. This represents a rise of ~1.1% from the price of $1.488 per gallon recorded on October 30, 2015.
US Distillate Inventories Down for 7th Consecutive Week
US distillate inventories fell by 1.3 MMbbls to 140.8 MMbbls in the week ended October 30, 2015. Inventories have now been falling seven weeks in a row.
How Does Targa Resources’ Valuation Compare with Peers?
Targa Resources (TRGP) is trading at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of nearly 15x.
OKE, HCLP, SUN: Key Midstream and MLP Rating Updates Last Week
Of the 18 analysts covering ONEOK, five have rated the stock as a “strong buy,” four have rated it as a “buy,” and the remaining nine have rated it as a “hold.”
TCP, VLP, HCLP, CVRR: Who Gained and Who Lost Last Week?
On October 18, Valero Energy (VLO) announced an agreement to acquire Valero Energy Partners (VLP).
Which MLPs Gained the Most Last Week?
Last week, Noble Midstream Partners, Western Gas Equity Partners, and DCP Midstream Partners were among the top MLP gainers.
Top MLP Losses in the Week Ending June 22
Alliance Resource Partners (ARLP), an MLP involved in coal mining and production, was the top MLP loss in the week ending June 22.
Andeavor Logistics’ Long-Term Earnings Growth Expectations
Analysts expect Andeavor Logistics (ANDX) to have adjusted EBITDA of $282.1 million in 1Q18 compared to $210 million in 1Q17.
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.
These Top Midstream Companies Offer Maximum Upside Potential
In this series, we’ll look into ten midstream players’ market performances, upside potentials, valuations, and analyst recommendations.
These MLPs Have the Highest Earnings Margins Today
In this series, we’ll assess the performances of the MLPs with the highest EBITDA (earnings before interest, tax, depreciation, and amortization) margins.
MLP Rating Updates Last Week
EnLink Midstream LLC (ENLC), the GP (general partner) of EnLink Midstream Partners (ENLK), was raised by UBS to a “buy.”
MLP Distributions Continue to Rise despite Crude Oil Volatility
Thirty-seven out of 117 MLPs managed to grow their distributions, and 68 MLPs kept their distributions unchanged in 3Q16.
Top Five Midstream Stocks with High Short Interest
On October 10, 2016, EnLink Midstream (ENLC) had a short interest-to-equity float ratio of 10.7%, the highest among all midstream companies that are part of AMLP.
Which Midstream Stocks Are Investors Most Bearish On?
On October 3, 2016, EnLink Midstream (ENLC) had a short interest-to-equity float ratio of 10.7%—the highest among all of the midstream stocks.
Why PSXP Is Underperforming the MLP Sector in 2016
Phillips 66 Partners (PSXP) has fallen by 13% so far in 2016. The partnership and its peers have underperformed the MLP sector so far in 2016.
Warm Winter Added Pressure on Heating Oil Prices
Heating oil prices were at $2.17 per gallon on January 18, which represents a fall of $0.05 per gallon compared to prices for the previous week.
What’s the Impact of Lower Crude Oil Prices on the Crack Spread?
The NYMEX front-month 3:2:1 crack spread rose by about 10.6% over the last week, from $13.68 per barrel on December 28, 2015, to $15.14 per barrel on January 4, 2016.
Will Diesel Prices Recover in the Near Future?
On Monday, December 14, 2015, the EIA’s weekly gasoline and diesel fuel price updates showed that diesel fuel prices averaged $2.33 per gallon on the day.
AMJ Gains 3.8%, Outperforms MLPI in Week Ended October 2
The JPMorgan Alerian MLP Index ETN (AMJ) gained 3.8% in the week ended October 2. The Alerian MLP Index (AMZ) is AMJ’s underlying index. It rose 3.9% during the same week.
Why Did US Gasoline Inventories Increase Last Week?
US gasoline demand increased from 8.983 MMbpd in the week ending September 11 to 9.215 MMbpd in the week ending September 18.
Asset Acquisitions Fuel Valero Energy Partners’ EBITDA Growth
Valero Energy Partners’ (VLP) YTD total returns are 22%. It’s 2Q15 EBITDA grew 183% year-over-year, increasing from $21 million in 4Q13 to $42.7 million in 2Q15.
What Drove Rice Midstream’s Revenue since Its IPO?
Rice Midstream is a midstream MLP that provides natural gas gathering and compression services to natural gas producers in the Marcellus Shale.
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.
