Finding Value in MLP IDRs
IDR elimination has been the latest trend in MLP simplification. The value investors (and GPs) place on them depends on the individual company and its outlook. Sometimes free is the right price.
What Happened Last Week in MLPs: Consolidation and Simplification Highlights the Waning Importance of Dropdown Stories
Having a strong sponsor and dropdown story are no longer enough to outperform in the MLP space. As announcements by DPM and MPLX highlight, IDR elimination is what everyone wants to see.
What Happened in October: 3 Challenges for Dropdown MLPs and 3 Ways Their Parent Companies are Helping
Dropdown names once handily outperformed other MLPs. Now, following a year of underperformance, their parent companies are stepping in to help boost valuations.
Monday Mailbag: How Do Incentive Distribution Rights Work?
Today we give a detailed example of how to calculate IDRs.
Just Happened: Enterprise Analyst Day
How do you condense a 32.3-megabyte, 206-slide analyst day presentation by industry bellwether Enterprise Products Partners (EPD) into a digestible post for readers of Alerian Insights? As you can...
Monday Mailbag: Decisions, Decisions
, shouldn’t I always invest in the GP over the LP? We’ve been getting this question a lot since Tesoro Logistics (TLLP) announced last week that it would be acquiring the midstream assets of...