MLP Consolidation Part 1: The Nearly Departed

Recent news flow has revived the MLP consolidation conversation, even as anticipated transactions have largely been completed. Which MLPs are going away, and which MLPs are potential consolidation candidates? We address these questions and a common misconception surrounding MLP conversions in the first of a two-part update on MLP consolidations.

MLPs: Come for the Yield, Stay for the Total Return

For MLPs, the paradigm has shifted from focusing primarily on distribution growth to more of a total-return focus, as financial flexibility, self-funding equity, and capital discipline become greater...

2019 Midstream Mid-Year Update Video

In this mid-year video update, we recap midstream’s strong start to 2019 and discuss what may be in store for this summer. Before you head out for vacation, watch this short video (only 3 minutes!)...

MLP and Energy Infrastructure Conference 2019: M&A, Attracting Generalists, and More

Last week, we attended the 2019 MLP and Energy Infrastructure Conference (MEIC) hosted by the Master Limited Partnership Association. In today’s post, we discuss our main takeaways from the...

1Q19 MLP Distribution Recap: Outlook Improving in Spite of Cuts

Most AMZ and AMZI constituents grew their 1Q19 distributions sequentially and on a year-over-year basis. The 20% increase from Plains All American (PAA) helps soften the impact of...

BPL: What does Buckeye’s Buyout Mean for MLPs and Midstream?

Buckeye Partners (BPL) announced this morning that it has agreed to be acquired by IFM Investors for $41.50 per unit – a 27.5% premium to BPL’s closing price yesterday. In this post, we discuss the...

After Years of Growth, Is Midstream Capex Peaking?

Capital spending has been a hot topic across energy as investors focus on returns and free cash flow generation. The challenge for midstream companies continues to be balancing fiscal discipline with...
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