LNG Update: What Do Recent Headwinds Mean for US Projects?
US liquefied natural gas (LNG) exports started the year out strong, reaching a record high of more than 8 billion cubic feet per day in January in spite of ongoing headwinds to prices that have...
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...
4Q19 Midstream Distribution Coverage and Payout Ratios: Comfort Amid Macro Headwinds
Today’s piece focuses on distribution coverage for the MLPs of the Alerian MLP Infrastructure Index (AMZI) and payout ratios for both the AMZI and Alerian Midstream Energy Select Index (AMEI). The...
Midstream Energy Battle: What Subgroup Has Performed Best in 2019?
In a challenging macro environment for the energy space, the broad midstream universe has performed defensively this year. Today, we review midstream’s performance to date and analyze some of the...
FERCtastic: What MLP and Midstream Investors Should Know about the FERC
Summary Midstream investors should have some familiarity with the FERC given its oversight of interstate pipeline rates, LNG export projects, and interstate natural gas pipeline projects. FERC is...
US LNG Exports: How Does Recent Price Weakness Impact Projects?
Summary US LNG exports continue to grow steadily and reached a new record of 5.2 billion cubic feet per day in July. This year, the US became the third-largest exporter of LNG behind only Australia...