Take Me Away: What New Permian Pipeline Capacity Means for Crude Prices and Exports
August was an important month for the Permian Basin, with two major long-haul crude pipelines finally coming online. How has increased connectivity between West Texas and the Gulf Coast impacted crude...
TGE: Take-Private Bid Highlights Continued Private Equity Interest in Midstream
Tallgrass Energy (TGE) announced last night that it received a take-private bid from its private equity sponsor, Blackstone Infrastructure Partners, for $19.50 per share – a 35.9% premium to TGE’s...
MLP 2Q19 Distribution Coverage and Payout Ratios Provide Peace of Mind
Is the health of MLP distributions keeping you up at night? Should it be? Today’s post looks at distribution coverage and payout ratios for the 22 constituents of the Alerian MLP Infrastructure Index...
2Q19 MLP Distribution Recap: Trending in the Right Direction
Most AMZ and AMZI constituents grew their 2Q19 distributions sequentially and on a year-over-year basis. A clean quarter from the AMZI overshadowed the impact of a single distribution cut in the AMZ.
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...
Have MLPs and Midstream Actually Reduced Leverage?
Reducing leverage has been a theme across midstream for some time, but have midstream MLPs and C-Corporations actually delevered? Today, we examine leverage metrics from 2016 to 2018 for the current...