Midstream and MLPs: BuyBACK in Action
Buybacks have become a more prevalent topic in capital allocation conversations for midstream, reflecting the continued evolution of this space. Today, we look at why and when buybacks make sense, as...
Don’t Lose Interest: Rising Rates and MLP Debt
Discussions about debt and interest rates are not everyone’s cup of tea, but with interest rates rising, it’s important to understand how MLPs might be affected. In today’s post, we examine MLP debt...
Back to Basics: The MLP and Midstream Investment Thesis
With no shortage of volatility in oil and the broader market recently, today we get back to the basics by revisiting the broad investment thesis for MLPs and midstream. We set aside yields and the tax...
Bye, Bye, Bye (MLPs) Revisited: MLP Consolidation Entering Late Innings
Since we last discussed MLP consolidation, significant headway has been made in terms of transaction announcements. We provide an update to the three parts of our series from this summer – who’s...
3Q18 MLP Distribution Recap: With 3Q Cuts Behind Us, How Will Current Trends Affect Future Distributions?
While many MLPs in the AMZ and AMZI grew their distributions for 3Q18, there were five distribution cuts, including a modest cut from a variable distribution MLP and a backdoor cut.
Dropdown MLPs: Time to Double (Drop)Down or Fold (In)?
The challenged MLP equity market and the planned consolidation of some dropdown MLPs has called into question the viability of the dropdown model. Do dropdown MLPs still work? Could other dropdown...