Midstream at the Midpoint: Where We’ve Been and What’s Next
Despite the downturn in both energy and broader markets in the first quarter, midstream has rallied significantly in the last few months off all-time lows seen in mid-March. Today’s research note...
1Q20 MLP/Midstream Dividend Recap: Putting Cuts in Context
Amid commodity price volatility and depressed demand related to COVID-19, what happened to midstream distributions and dividends for 1Q20? Today’s piece details 1Q20 dividend trends across midstream...
Midstream Dividend Update: More Maintaining Than Cutting
“What’s happening with dividends?” continues to be a topic of widespread interest from midstream investors. Given most dividends for 1Q20 have now been announced, today’s piece discusses how midstream...
Comparing Forward Estimate Revisions, MLPs/Midstream Stand Apart
With oil prices down over 70% this year through Friday, investors would likely expect significant cuts to analyst projections for 2020 and 2021 EBITDA estimates across energy. However, that has not...
Insights at a Glance: Updating MLP Yield Scenario Analysis and Midstream Insider Buying
In today’s dynamic market, research has a relatively short shelf life. Today’s piece updates two popular data points featured last week – yield scenario analysis and midstream insider buying. The...
MLP Consolidation and Conversion Update: Structure Questions Likely to Subside for Now
While MLP structure questions are one of many issues taking a backseat to oil (and other) headlines today, there have been some notable transactions and developments in recent months in the ongoing...