Midstream 3Q18 Preview: Key Topics for Earnings Calls
With energy and midstream earnings season around the corner, we look at key themes that will likely be topics of interest on 3Q18 calls for the midstream space.
Midstream vs. Upstream: A Tale of Two Market Reactions to Rising Capex
In the wake of the oil downturn, capital discipline has come into focus for MLPs and E&Ps. Despite this emphasis, several MLPs and E&Ps raised guidance for 2018 capital expenditures with their 2Q18...
MLP Distribution Coverage: How and Why It’s Changed
How has distribution coverage changed over time, and what factors have impacted coverage? Today, we look at historical coverage ratios for the current constituents of the AMZI index and takeaways from...
2Q18 Recap and the Barbell Profile of MLP Distribution Growth
Most MLPs in the AMZ and AMZI grew their distributions sequentially in 2Q18, with no cuts this quarter. Nine constituents of the AMZ achieved double-digit year-over-year growth, while a similar number...
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...
Bye, Bye, Bye (MLPs) Part 1: Who’s Saying Bye and Why?
There have been several developments since we last wrote on the topic of MLPs disappearing and much to discuss. In today’s post, we digest the reorganization announcements seen this year, the...