wolv/E+ via Getty Images Note: All amounts are in Canadian Dollars and all stock and option prices refer to the TSX side. While we have rated Keyera Corp. (TSX:TSX:KEY:CA) a buy in the past, our two most recent coverages have had us in the neutral camp. Seeking Alpha The review of the Q4 guidance back…
Arctic-Images The NXG Cushing Midstream Energy Fund (NYSE:SRV) is a closed-end fund that income-seeking investors can employ as a method of accomplishing their goals of earning a high level of income from the assets that are present in their portfolios. The fund does this by investing in a portfolio of midstream partnerships, which is certainly…
bjdlzx While propane and butane are relatively familiar natural gas liquids (NGLs) given their use in consumer cooking applications, much of the global demand for NGLs actually stems from plastics manufacturing. As demand for plastics around the world has grown, so has the demand for NGLs as feedstocks. Given strong international demand, exports of NGLs…
hirun Summit Midstream Partners (NYSE:SMLP) is a company we discussed recently as a valuable investment, with a strong portfolio of assets. However, we also highlighted the company’s debt load as a risk. Since then, the story has changed. The company announced the sale of its Utica shale midstream assets for $625 million to longtime partner…
bjdlzx I assume most of my readers are familiar with Western Midstream Partners LP (NYSE:WES). For others briefly, WES is a midstream operator with natural gas gathering, operating, and transporting as its major business. Two other businesses are oil and NGL transporting; and gathering and disposal of produced water. Please refer to other sources for…
imaginima Co-authored with “Hidden Opportunities.” In the realm of retirement planning, dividends stand as stalwart pillars of financial stability, offering a steady stream of income that can weather the storms of market volatility. Much like a juggernaut carving its path through turbulent waters, reliable dividends provide investors with a sense of security and predictability, crucial…
bjdlzx Equitrans Midstream (NYSE:ETRN) shareholders can now see why EQT (EQT) spun off the midstream company and then later sold the remaining shares. The Mountain Valley Pipeline proved to be a huge anchor to company improvements. Now, after everything this company has been through, EQT proposes to acquire Equitrans Midstream. The .3504 shares of EQT…
shih-wei Written by Nick Ackerman, co-produced by Stanford Chemist. Despite the continuing global conflicts causing disruptions in key natural gas and oil-producing countries, the prices of these commodities have been resilient in the case of oil or falling in the case of natural gas. That’s put pressure on the share prices of energy companies. In…
SOPA Images/LightRocket via Getty Images Monster Dividend Hike Shows Confidence When I covered Western Midstream Partners, LP (NYSE:WES) last quarter, I noted that the partnership units had been rangebound in the $20s since the start of 2022. I rated the units a Buy and suggested a breakout above this range was coming based on throughput…
Diy13 Last February, I started coverage of Antero Midstream (NYSE:AM) with a “Buy” rating, citing benefits coming from upcoming rebate roll-offs, a recent acquisition, and a commitment to lower its leverage. The stock has generated a 24% return since then, keeping pace with S&P. I last covered the stock in November, saying I thought a…
SOPA Images/LightRocket via Getty Images Investment thesis Antero Midstream Corporation (NYSE:AM) is a profitability star offering a very generous dividend yield to investors. While its heavy reliance on Antero Resources Corporation (AR), its primary customer, presents a significant concentration risk, I believe the potential benefits for investors outweigh this concern. Alongside a promising forward dividend…
imaginima ENFR – Overview and Investment Thesis The Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) is a midstream energy index ETF, focusing on midstream energy corporations. ENFR’s investment thesis rests on the fund’s: Comparatively safe midstream energy holdings, with relatively stable revenues and resilient business models Good, growing 5.4% dividend yield, backed by stable revenues and cash…
Hess Midstream LP (NYSE:HESM) Q4 2023 Earnings Conference Call January 31, 2024 12:00 PM ET Company Participants Jennifer Gordon – Vice President of Investor Relations John Gatling – President and Chief Operating Officer Jonathan Stein – Chief Financial Officer Conference Call Participants Jeremy Tonet – JPMorgan Securities LLC Brian Reynolds – UBS Douglas Irwin –…
da-kuk/E+ via Getty Images Thesis Midstream companies typically offer a compelling and stable dividend growth engine. These stocks are some of the most popular on Seeking Alpha as they are excellent choices for income seeking investors. In this article, I want to take a higher level and systematic approach to the midstream sector. As I…
DavidLeshem Introduction On December 15, I wrote an article titled “Betting Big: Fed Mayhem And My Personal Picks For 2024.” As the title suggests, in that article, I discussed the recent decision of the Fed to hint at a more dovish approach in 2024 and what I’m looking to buy in the new year. Although…
takasuu/iStock via Getty Images Antero Midstream (NYSE:AM), the transportation portion of natural gas (NG) producer, Antero Resources (AR), continues growing EBITDA with strong results. Is it enough to return the once higher dividend? And yes, cash flow is the primary, actually, the only commodity of importance for investors at this point. Midstream slashed its dividend…
bjdlzx Neuberger Berman Energy Infrastructure and Income Fund Inc (NYSE:NML) is a closed-end fund, or CEF, that allows investors to include midstream master-limited partnerships, or MLPs, in their tax-advantaged accounts without running into potential problems at tax time. This can be a very good thing, because the financial stability and high yields of midstream partnerships…
Kittisak Kaewchalun /iStock via Getty Images Martin Midstream Partners L.P. (NASDAQ:MMLP) reported $26.2 million in adjusted EBITDA in Q3 2023 and reaffirmed its full-year guidance for $115.4 million in adjusted EBITDA, excluding the impact of its exit from the butane optimization business. Martin’s transportation business underperformed a bit as demand from specialty industrial customers slowed….
grandriver Investment Rundown EnLink Midstream, LLC (NYSE:ENLC) is a midstream company with a pretty well-diversified footprint in the US right now. The company has had a decent in the last 12 months, with the shares up by over 5%, but also up very impressively from the bottom of $8.4 per share it had in May…
muhammet sager Back in February, I placed a “Buy” rating on Antero Midstream (NYSE:AM), writing the company should benefit from a recent acquisition, rebate roll-offs, and a commitment to lower its leverage. The stock has generated a 28% return since then, outpacing the S&P, which is up over 13%. More recently, I reiterated my rating,…
deepblue4you Yields in the midstream/MLP space have been attractive to investors looking for income. Importantly, generous yields get bolstered by strong dividend growth trends, as midstream/MLPs prioritize returning excess cash flow to investors. Dividend growth continued for 3Q23, mostly driven by MLPs, though a corporation had the largest sequential increase. Importantly, there has not been…
marketlan Co-authored by Treading Softly There’s a classic saying that sometimes “it’s better to be lucky than smart.” This can feel exceptionally true when you’re fighting against the grain. When it came to the mortgage-backed securities market in 2008, Michael Burry, among others, recognized that the commonly accepted logic wasn’t correct. They actively bet against…
Martin Midstream Partners L.P. (NASDAQ:MMLP) Q3 2023 Earnings Conference Call October 19, 2023 9:00 AM ET Company Participants Sharon Taylor – Chief Financial Officer Bob Bondurant – Chief Executive Officer Randy Tauscher – Chief Operating Officer David Cannon – Controller Danny Cavin – Director, FP&A Conference Call Participants Kyle May – Sidoti & Company Tim…
alvarez DT Midstream (NYSE:DTM) is a small-cap natural gas infrastructure firm structured as a C-Corp., so no dreaded K-1s. DTM’s focus is on the Marcellus/Utica and Haynesville dry gas fields, which combined account for approximately 50% of total US dry gas production. DTM operates both unregulated gathering pipelines and FERC- and state-regulated interstate and intrastate…
RYosha/iStock via Getty Images The energy sector is a great spot to be looking for high-yielding companies that can deliver in the long term for investors seeking dividend income additions to a portfolio. I like this niche market and find that there are plenty of opportunities here. In today’s article, I am covering Hess Midstream…
pandemin Last week I executed a number of stock trades which included Canadian midstream firm Enbridge (NYSE:ENB). Enbridge presents dividend investors with the opportunity to collect a safe and growing dividend, and the company invests into the expansion of its energy footprint. Enridge has seen renewed share price weakness lately, which I don’t believe is…
Bim Situation Overview After months of a comprehensive portfolio review, Tidewater Midstream (TSX:TWM:CA) has decided to sell its Pipestone-related assets to AltaGas for $650 million. The proceeds will be used to strengthen its balance sheet. It sounds like while future divestitures are still on the table, this concludes TWM’s portfolio review and the next catalyst…
Prykhodov Investment Rundown The share price for DT Midstream Inc (NYSE:DTM) has been quite volatile in the last few months as it is down by over 6% in the last year after running up quite quickly in 2022 following the improvement of natural gas prices. However, I think that DTM still showcases a sense of…
onurdongel In May 2023, it was announced that Oneok would attempt to acquire Magellan Midstream Partners. At the time of the announcement, the acquisition valued Magellan Midstream Partners at $67.50 per share. This represented a significant premium to where shares were trading near $55 per share. On the day of the announcement, Oneok took a…
abadonian DT Midstream, Inc. (NYSE:DTM) is a natural gas-focused midstream company that primarily operates in the Marcellus and Utica Basins of Appalachia, although it also has a small operation near the Haynesville Shale: DT Midstream These are two areas that are not commonly discussed in the mainstream financial media, but they are two of the…
Feverpitched Introduction It’s time to talk about one of my favorite high-yielders on the market. In this case, a stock with a current yield of 7.5% and a realistic path to more than 10% in the next few years. That company is the Antero Midstream Corporation (NYSE:AM). It’s the company that owns the midstream assets…
muhammet sager While the Mountain Valley Pipeline coming online should be a huge boost to Equitrans Midstream (NYSE:ETRN) moving forward, the benefits already look priced into the stock. Company Profile ETRN is an Appalachia-focused midstream company that operates in three segments: gathering, transmission and water. Former parent EQT (EQT) is its largest customer, representing over…
DrewBuzz Too Much Of A Good Thing Western Midstream Partners (NYSE:WES) followed up last month’s pleasant surprise of a 12.5% distribution increase with the negative surprise of a $100 million, or 5% downward guidance to EBITDA in their 2Q earnings release. Paradoxically, the change was attributed to new wells coming on line and performing better…
Polly Thomas/Getty Images News Antero Midstream (NYSE:AM) continues sailing closer to increased dividends. The increase triggers when the net leverage falls below 3. In past articles, we highlighted excess cash flows and debt levels for following progress toward that goal. We continue that voyage. Before we head to the ship, it is imperative to note…
Magellan Midstream Partners LP (NYSE:MMP) Q2 2023 Earnings Conference Call August 3, 2023 1:30 PM ET Company Participants Aaron Milford – President, CEO & Director Jeffrey Holman – Principal Accounting Officer, EVP, CFO & Treasurer Conference Call Participants Theresa Chen – Barclays Bank Spiro Dounis – Citigroup Jeremy Tonet – JPMorgan Chase & Co. Keith…