Williams Partners LP

Most Recent

  • 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///
    Energy & Utilities

    Why some MLPs are benefitting from increased propane exports

    Significantly higher rates of propane exports have helped to boost propane prices—and the margins of some MLP names.

    By Ingrid Pan
  • uploads///WMB EV to EBITDA
    Company & Industry Overviews

    Why Williams Companies’ Valuation Has Been on the Rise

    Williams Companies’ forward EV-EBITDA multiple, which is based on the current fiscal quarter’s EBITDA estimates, is 13.1x.

    By Kurt Gallon
  • uploads///natural gas price
    Miscellaneous

    What Does Rising Natural Gas Production Mean for Energy MLPs?

    According to the US EIA (Energy Information Administration), US natural gas production averaged 73.6 Bcf/d (billion cubic feet per day) in 2017.

    By Rekha Khandelwal, CFA
  • uploads///anr
    Miscellaneous

    WMB’s Analyst Price Targets: Gauging the Upside Potential

    Among the analysts covering Williams Companies’ stock, 53.0% of the analysts have recommended a “buy,” and the remaining 47.0% have recommended a “hold.”

    By Kurt Gallon
  • uploads/// Mar Frac
    Energy & Utilities

    Why rising frac spreads are benefitting select MLP names

    Last week, frac spreads traded up slightly, and over the medium term, frac spreads are up significantly. This is a positive catalyst for natural gas processors.

    By Alex Chamberlin
  • uploads///Percentage of Ethnic Russians in Ukraine
    Energy & Utilities

    The Russia-Ukraine situation’s impact on energy: Key takeaways

    More U.S. gas exports creates more demand for U.S. natural gas, which supports prices and incentivizes greater production. This is positive for upstream producers.

    By Ingrid Pan
  • 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///nspc
    Energy & Utilities

    Drivers behind Williams Companies’ Recent Market Performance

    William Companies (WMB) has recovered slightly after a weak August 2017, and it has risen 2.4% since last week. WMB has fallen 3.3% since the beginning of 2017.

    By Kurt Gallon
  • uploads///performance by subgroup
    Miscellaneous

    Why Gathering and Processing MLPs Outperformed in 1Q17

    Gathering and processing MLPs were the best performing MLPs in the first quarter of 2017. The subgroup rose 14.7%.

    By Kurt Gallon
  • uploads///Dividend Cut
    Company & Industry Overviews

    Kinder Morgan Cuts Dividends by 75%

    Kinder Morgan (KMI), the midstream energy giant, announced a ~75% quarterly dividend cut in its annual outlook release for 2016 on Tuesday.

    By Kurt Gallon
  • uploads///
    Energy & Utilities

    Must-know: Frac spreads get boost from oil price spike

    Fractionation spreads got a boost last week with rising crude oil prices.

    By Ingrid Pan
  • uploads///nspc
    Energy & Utilities

    Why MLPs’ Sluggishness Continued Last Week

    MLPs’ sluggishness continued last week despite strong crude oil. The Alerian MLP Index (^AMZ), which tracks the performance of 50 energy MLPs, fell 1.2% last week.

    By Kurt Gallon
  • uploads///analyst recom
    Miscellaneous

    EEP on the Street: What the Analysts Are Saying

    The median target price for EEP as provided by surveyed analysts is $24, which implies a 37% price return in one year from EEP’s current price of $17.48.

    By Rekha Khandelwal, CFA
  • uploads///Demand from Petchem
    Energy & Utilities

    Ethane production: The prospects and possibilities in the market

    Ethane has historically received significantly more advantageous pricing than dry natural gas.

    By Alex Chamberlin
  • uploads///analyst recommendations for kmi
    Earnings Report

    What Are Analysts’ Recommendations for Kinder Morgan?

    Of the analysts surveyed by Reuters, ~66.7% rated Kinder Morgan (KMI) as a “buy” and ~33.3% rated it as a “hold.” None of the analysts rated it as a “sell.”

    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///Analyst Ratings
    Earnings Report

    What Do Analysts Recommend for Kinder Morgan?

    Currently, ~52.6% of analysts rate Kinder Morgan a “buy,” ~42.1% rate it a “hold,” and ~5.3% rate it a “sell.”

    By Kurt Gallon
  • uploads///ANR
    Earnings Report

    What Do Analysts Recommend for WMB and WPZ?

    On a broader level, 57.1% of analysts rate Williams Companies as a “buy,” 35.7% rate it as a “hold,” and 7.2% rate it as a “sell.”

    By Kurt Gallon
  • uploads///ANR
    Earnings Report

    What Analysts Recommend for ETP and ETE ahead of Q2 Earnings

    Of Wall Street analysts surveyed by Reuters, 74.0% of analysts rate ETE as a “buy” and the remaining 26.0% rate it as a “hold” as of July 28.

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

    ETP, EEP, and WPZ: Are the Attractive Yields Worth the Risk?

    ETP trades at a yield of 11.6% Energy Transfer Partners (ETP) is currently trading at a distribution yield of 11.6%. ETP’s 2Q16 distribution coverage stood at 0.91x. A coverage ratio below 1 remains a matter of concern for investors. During the 2Q16 earnings call, ETP CEO Kelcy Warren said, “But it is our intention that […]

    By Rekha Khandelwal, CFA
  • uploads///WMB ASPC
    Earnings Report

    Why Did Williams Partners Surge in the Past Month?

    Williams Partners (WPZ) has returned -0.2% since the beginning of 2016. But it has rallied 55.9% in the past one month.

    By Kurt Gallon
  • uploads///Analyst recommendation
    Earnings Report

    Analysts’ Recommendations for Williams Partners

    At a broader level, ~50% of analysts surveyed by Bloomberg rate Williams Partners a “buy” and the remaining ~50% rate it a “hold.”

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

    MLPs Recovered Slightly in the Week Ending August 25

    MLPs recovered slightly in the week ending August 25—possibly due to an overcorrection in the first three weeks of the month.

    By Kurt Gallon
  • uploads///TLM
    Fund Managers

    Paulson & Co. adds a new stake in Talisman Energy

    Talisman Energy is a global upstream oil and gas company headquartered in Canada. Revenue plunged to $44 million, down from $929 million in 2013.

    By Samantha Nielson
  • uploads///NSPC
    Company & Industry Overviews

    Energy Transfer Partners Has Lost 2.1% in May: Can It Recover?

    Recently, Energy Transfer Partners (ETP) merged with Sunoco Logistics Partners. Energy Transfer Partners has lost 2.1% since the beginning of May.

    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///Best Performers
    Macroeconomic Analysis

    Analyzing the Best Performing Midstream MLPs on June 25

    The best performing midstream MLP on Thursday, June 25 was Western Gas Partners (WES). It rose 0.5% yesterday. However, it’s close to its 52-week low.

    By Kurt Gallon
  • uploads///ETP RGP Merger
    Miscellaneous

    Energy Transfer acquires Regency Energy Partners for $18 billion

    On January 26, a Energy Transfer Partners (ETP) unit lost ~6.4%. A Regency Energy Partners (RGP) unit, meanwhile, gained ~5% to finish at $24.93.

    By Alex Chamberlin
  • uploads///KMIpress
    Energy & Utilities

    Kinder Morgan: A wide-moat stock and impressive management

    The return on shareholders’ equity, their expanding profit margins, and growth rates generated by Kinder Morgan speak to the job that management is doing.

    By CUSH Capital
  • uploads///
    Energy & Utilities

    Higher propane prices help frac spreads and natural gas processors

    Frac spreads traded up slightly last week and have been relatively range-bound over the past several months.

    By Ingrid Pan
  • uploads///ANR
    Company & Industry Overviews

    What Analysts Are Recommending for Williams Companies

    At a broader level, 60.0% of analysts rate Williams Companies (WMB) a “buy,” 26.7% rate it a “hold,” and the remaining 13.3% rate it a “sell.”

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

    Why Frac Spreads Affect Some MLP Stocks

    Companies in the natural gas processing space—many of which are MLPS—keep an eye on the fractionation or “frac” spread. Here’s why.

    By Sybil Prowse
  • uploads///WPZ
    Company & Industry Overviews

    Williams Partners Got Upgrade after Financial Repositioning

    Williams Partners (WPZ) was upgraded by Raymond James from “market perform” to “strong buy” last week.

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

    Must-know: Kinder Morgan’s MLP assets

    The primary cash inflows for KMI are from its general and limited partner stakes in KMP and EPB. KMI directly and indirectly owns approximately 10% of KMP.

    By CUSH Capital
  • uploads///nspc
    Energy & Utilities

    Why MLPs Saw a New 52-Week Low Last Week

    MLPs went through some carnage last week. The Alerian MLP Index (^AMZ), which tracks the performance of 50 energy MLPs, saw a new 52-week low of 258.45.

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

    Asset Sales: Chesapeake Energy’s Key Focus in 2016

    On August 10, 2016, CHK announced intentions to exit the Barnett Shale. This deal helped it eliminate ~$1.9 billion in commitments to Williams Partners.

    By Keisha Bandz
  • 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///Part
    Energy & Utilities

    Why Williams Companies Is Outperforming Peers in 2017

    Plains GP Holdings (PAGP) was the most battered last month of the four in our peer group, witnessing a new YTD (year-to-date) low of $19.8 in August.

    By Kurt Gallon
  • uploads///SEP
    Earnings Report

    How US Tax Cuts Impacted Spectra Energy Partners’ 4Q17 Earnings

    Spectra Energy Partners reported operating revenue of -$138 million in 4Q17.

    By Kurt Gallon
  • Company & Industry Overviews

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

    Energy Transfer Partners (ETP) and Enterprise Products Partners (EPD) are trading at forward EV-to-EBITDA multiples lower than their respective five-year historical averages.

    By Rekha Khandelwal, CFA
  • uploads///KMI Org Chart
    Company & Industry Overviews

    Kinder Morgan Consolidation: What It Means for the MLP Market

    On November 26, 2014, Kinder Morgan acquired all of its equity interests in Kinder Morgan Partners, El Paso, and Kinder Morgan Management.

    By Kurt Gallon
  • uploads///
    Energy & Utilities

    Why higher natural gas liquids prices help natural gas processors

    Fractionation spreads increased on the back of higher natural gas liquids prices, a positive for natural gas processor master limited partnerships.

    By Ingrid Pan
  • uploads///Analyst Ratings
    Earnings Report

    Should You Include Kinder Morgan in Your Portfolio?

    We’ll look at what Wall Street analysts recommend for Kinder Morgan (KMI). At a broader level, ~52.6% of analysts rate Kinder Morgan a “buy,” ~42.1% rate it a “hold,” and ~5.3% rate it a “sell.”

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

    Inside the Growth Prospects of ETE, WMB, PAGP, and WGP

    Energy Transfer Partners (ETP) has a capital budget of $3.9 billion for 2017, of which $1.7 billion was spent in the first half of the year.

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

    What’s behind MLP Performances for the Week Ended November 10?

    Of the total 95 MLPs, 62 ended last week in the red, 30 ended in the green, and the remaining three ended flat. Energy Transfer Partners (ETP) fell 5.5%.

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

    Are Analysts Bullish on Williams Companies?

    About 78.0% of analysts rate Williams Companies (WMB) a “buy,” while the remaining 22.0% rate it a “hold” as of August 21, 2017.

    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///pipes _
    Earnings Report

    Analysts Expect Flat Earnings from Williams Partners in 1Q18

    Williams Companies (WMB) and its MLP subsidiary, Williams Partners (WPZ), are scheduled to release their 1Q18 earnings on May 2.

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

    How Wall Street Analysts View Williams Companies

    Of the analysts covering Williams Companies (WMB) on September 5, 2017, 78.0% rated it as a “buy,” and the remaining 22.0% rated it as a “hold.”

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

    A Review of Energy Transfer Partners’ Business Segments

    ETP operates primarily through its six business segments by leveraging its huge asset base.

    By Kurt Gallon
  • uploads///EXLP contract operations
    Company & Industry Overviews

    An Overview of the Natural Gas Compression Industry

    Natural gas compression is essential for transporting natural gas. Compression is used several times in the natural gas production and transportation cycle.

    By Keisha Bandz
  • Energy & Utilities

    A key overview of Enterprise Products Partners’ 2Q14 results

    The company recorded $12.5 billion in total revenues for 2Q14, up 12.3% from the $11.1 billion recorded in 2Q13. The increase was primarily due to higher volumes in the crude oil marketing and NGL marketing businesses.

    By Alex Chamberlin
  • uploads///Debt
    Company & Industry Overviews

    How Did ETP’s Debt Level Change Last Year?

    Energy Transfer Partners’ outstanding debt has more than doubled if we compare the pre-merger and post-merger periods.

    By Kurt Gallon
  • uploads///NSPC
    Earnings Report

    Key Updates on Williams Partners’ Transco Projects after 1Q17

    Williams Companies (WMB) has lost 1.4% since the beginning of 2017. In comparison, Williams Partners (WPZ) has gained 6.0% in 2017 year-to-date.

    By Kurt Gallon
  • uploads///Distribution
    Miscellaneous

    Why Crestwood Rallied Despite Distribution Cuts and Lower Guidance

    Crestwood Equity Partners announced a quarterly distribution of $0.6 per unit on April 21. This represents a 56% cut in quarterly distribution.

    By Kurt Gallon
  • uploads///dividend
    Earnings Report

    Will Williams Partners’ Coverage Ratio Improve in 2Q17?

    Williams Partners (WPZ) recently declared a distribution of $0.60 per unit for 2Q17—a 29% decrease from its distribution per unit of $0.85 in 2Q16.

    By Kurt Gallon
  • uploads///SI
    Earnings Report

    Analyzing Short Interest in Williams ahead of 4Q16 Earnings

    Short interest in Williams Companies (WMB) as a percentage of shares outstanding has fallen to 1.4%. That’s lower than the 2016 average of 2.8%.

    By Kurt Gallon
  • uploads///Regencys Marcellus Segment
    Energy & Utilities

    Regency’s PVR Midstream acquisition means Marcellus Shale exposure

    Regency recently acquired a foothold in the Marcellus by buying PVR Partners LP in March this year in a deal worth $5.6 billion, specifically to boost its footprint in the Appalachian Basin.

    By Keisha Bandz
  • Energy & Utilities

    Why gas production and price impact midstream energy suppliers

    Generally, most of the midstream companies enter into contracts with the producers of natural gas, such as Chesapeake Energy (CHK) or Range Resources (RRC).

    By Alex Chamberlin
  • Energy & Utilities

    Investment-grade bonds: Monsanto and energy firms make a splash

    Corporates accounted for about 44% of the total investment-grade debt (LQD) issuance for the week ended June 27. Financial sector (VFH) issuers accounted for ~38%.

    By Phalguni Soni
  • Energy & Utilities

    Why the pace of natural gas production remains steady

    Despite the lower natural gas prices, natural gas production growth has remained steady over the past few years. According to the EIA, in 2013, total U.S. natural gas production increased by 1%.

    By Keisha Bandz
  • uploads///Ethnae price since Jan
    Energy & Utilities

    What is ethane and why is it important for energy companies?

    This series will discuss how ethane is important across the energy chain–from upstream and midstream to downstream energy companies.

    By Alex Chamberlin
  • uploads///pipeline _
    Earnings Report

    Williams Companies Missed the Q2 2018 Earnings Estimate

    Williams Companies (WMB) and Williams Partners (WPZ) reported their second-quarter earnings on August 1 after the market closed.

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

    What Analysts Think about Williams Companies Stock

    Of the 18 analysts covering Williams Companies (WMB), seven recommend “strong buy,” seven recommend “buy,” and four recommend “hold.”

    By Rekha Khandelwal, CFA
  • 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///business _
    Company & Industry Overviews

    Williams Partners Up 7% on Merger Announcement with GP

    Williams Partners (WPZ) rallied 7% early yesterday following a merger announcement with its GP, Williams Companies (WMB).

    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///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///BWP
    Energy & Utilities

    At Its All-Time Low, BWP Offers Maximum Upside Potential

    Boardwalk Pipeline Partners, a midstream MLP mainly involved in natural gas and natural gas liquids transportation, saw a new all-time low recently.

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

    WMB at 52-Week Lows: Can It Regain Upward Momentum?

    William Companies (WMB) recently saw a 52-week low of $24.10 and has lost ~17.5% since the start of 2018. WMB has recovered since then.

    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///NGL
    Company & Industry Overviews

    NGL Energy Partners Has Fallen 16% in 2018: What’s Next?

    NGL Energy Partners (NGL) is trading at a yield of ~12.2%. The stock has fallen 16% so far in 2018.

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

    Can WPZ Meet Its Distribution Growth Targets for 2018?

    Based on its recent quarter distribution, Williams Partners is trading at a distribution yield of 6.5%.

    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///segment EBITDA
    Earnings Report

    Which Segment Drove Williams Partners’ 4Q17 Performance?

    Williams Partners’ (WPZ) Atlantic Gulf segment posted a 4.6% YoY decline in its adjusted EBITDA during the fourth quarter.

    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///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///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
  • uploads///dcf
    Company & Industry Overviews

    Williams Partners’ Distribution Growth Plans

    Williams Partners (WPZ) expects its 2017 distributable cash flow to lie between $2.6 and $2.8 billion. At the midpoint, this range represents a ~9.0% YoY (year-over-year) decline.

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

    How USAC Deal Could Boost ETP’s Market Performance

    Energy Transfer Partners (ETP) had a strong start to the year with a rise of ~6.5% in 2018 YTD (year-to-date).

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

    MLPs Continue to Outperform Broader US Markets in 2018

    MLPs maintained their winning streak in the second week of 2018. The Alerian MLP Index (^AMZ) rose 4.6% last week and ended at 300.5.

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

    WMB Has Risen ~9% in 2018 So Far: Can the Gains Continue?

    Williams Companies (WMB) has had a massive start to the year. It’s risen nearly 9% in seven trading sessions in 2018. Overall, the C corporation GP (general partner) has risen ~14% since the start of December 2017.

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

    Where Energy Transfer Partners Could Trade in the Upcoming Days

    Energy Transfer Partners’ (ETP) 30-day implied volatility was 26% as of December 27, 2017, which is slightly lower than the 15-day average of 26.7%.

    By Kurt Gallon
  • uploads///YoY AMZ Index
    Energy & Utilities

    What Impacted MLPs’ Performance in 2017 despite Strong Crude Oil?

    The Alerian MLP Index (^AMZ) had a strong end to 2017 and rose 4.7% during December. Overall, AMZ fell ~13.0% to end the year at 275.1.

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

    MLPs Had a Massive Start to 2018

    MLPs had a massive start to 2018. The Alerian MLP Index (or AMZ), which includes 50 energy MLPs, rose 5% last week, which ended January 5, 2018.

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

    What Drove MLPs in the Week Ending December 15?

    MLPs were strong in the week ending December 15, 2017. The Alerian MLP Index (^AMZ) had a strong start last week although it fell slightly on Friday.

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

    What’s Been Impacting MLP Performances as of December 8?

    Most MLPs (master limited partnerships) closed the week ended December 1 in the red, after seeing some gains earlier in the week.

    By Kurt Gallon
  • uploads///distributable cash flow
    Company & Industry Overviews

    What’s behind ETP’s Strong Distributable Cash Flow Growth?

    Energy Transfer Partners’ DCF rose 27.5% YoY to $1,049 million in 3Q17 compared to $823 million in 3Q16.

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

    Understanding the Slight Recovery among MLPs Last Week

    MLPs (master limited partnerships) recovered slightly last week (ended December 1, 2017), after three weeks of sluggishness.

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

    What’s EPD’s Correlation with Natural Gas?

    In this article, we’ll look into the commodity price exposure of the MLP at the seventh spot, Enterprise Products Partners (EPD).

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

    Raymond James Cut Enterprise Products Partners’ Price Target

    Of the analysts surveyed by Reuters, 92% rated Enterprise Products Partners as a “buy,” and 8% rated it as a “hold.”

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

    The Key General Partners of MLPs: ETE, WMB, PAGP, and WGP

    The four MLP partners we’ll compare in this series are Energy Transfer Equity, Western Gas Equity Partners, Plains GP Holdings, and Williams Companies.

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

    Short Interest in Enterprise Products and Magellan Rose Recently

    The short interest as a percentage of float in Enterprise Products Partners’ (EPD) stock is 1.8%—higher than the 1.7% in mid-August.

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

    BofA Merrill Lynch Adds Position in Enterprise Products Partners

    In this series, we’ll be looking at the institutional activity of some major MLPs during 2Q17 and their recent analyst recommendations.

    By Kurt Gallon
  • uploads///nspc
    Earnings Report

    Williams Companies, Williams Partners: Price Forecasts after 2Q17

    Williams Companies (WMB) and Williams Partners (WPZ) had a weak start to the month of July. They fell 0.40% and 4.3%, respectively, in two trading sessions.

    By Kurt Gallon
  • uploads///VAL
    Miscellaneous

    Where Did MLPs’ Valuations Head during May 2017?

    The Alerian MLP Index (^AMZ) was trading at a yield spread of ~5.0% to the ten-year Treasury rate by the end of May 2017.

    By Kurt Gallon
  • uploads///nspc
    Miscellaneous

    WMB Underperformed AMLP and SPY Last Week: Can It Bounce Back?

    Williams Companies (WMB) had a positive start to last week. However, it entered negative territory following its plunge later in the week.

    By Kurt Gallon
  • uploads///anr
    Miscellaneous

    Williams Companies’ Updated Ratings after Wells Fargo Upgrade

    The average broker target price of $33.10 for WMB implies a 9.2% price return in the next 12 months from its May 12, 2017, closing price of $30.30.

    By Kurt Gallon
  • uploads///ev to ebitda
    Earnings Report

    What Does WPZ’s Valuation Indicate after Its 1Q17 Earnings?

    Williams Partners (WPZ) is currently trading at a price-to-distributable cash flow of 13.1x. The partnership is trading above the historical average of 7.7x.

    By Kurt Gallon
    • 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.