Bye, Bye, Bye (MLPs) Part 2: Who Could Be Saying Bye?
In part 2, we look at those MLPs that are potential candidates for reorganization. Specifically, we discuss MLPs that have made comments about simplification, structure, or addressing incentive...
Are MLPs Really Disappearing?
Are MLPs facing extinction? It seems premature to make the call that we’re seeing a wholesale conversion from the MLP to C-Corp model, but the midstream space is evolving and that has implications for...
MLP Structural Simplifications: Part 2 – IDR Eliminations
In recent years, we’ve seen MLPs move to eliminate IDRs, as several management teams have acknowledged that IDR structures become unsustainable over time. In today’s post, we look at how IDR...
MLP Structural Simplifications: Part 1 — Reorganizations
Several transactions in the MLP space have been proposed or completed in the name of simplification. This week, we’ll look at simplifications in the form of reorganizations, and next week, we’ll look...
What Happened in May? Think Horses Not Zebras
Two data points don’t make a trend. If you look around at other transactions, the use of the MLP structure is alive, well, and thriving.