Oil & Gas Pipelines
(MMP) Magellan Midstream Partners L.P.’s Net Income Rises
Magellan Midstream Partners L.P. (MMP), a master limited partnership (MLP), announced robust fourth quarter results, buoyed by higher transportation tariffs and product gains in the pipeline system. The partnership reported earnings per unit (EPU) of 77 cents, surpassing the...
8Feb2010 | vitalstocks | 0 comments | Continued(BPL) Buckeye Partners L.P. Rises on Cost Initiatives
Buckeye Partners L.P. (BPL) earnings in the fourth quarter of 2009 were above Zacks Consensus Estimate of 92 cents per limited partner unit and earnings reported a year ago of 89 cents. Buckeye reported earnings of $1.03 per unit in the quarter. For the full-year 2009, the partnership...
8Feb2010 | vitalstocks | 0 comments | Continued(SE) Spectra Energy’s Earnings Report Meets Expectations
Spectra Energy Corporation (SE) reported fourth quarter results of 33 cents per share, in line with the Zacks Consensus Estimate and the year-earlier earnings of 32 cents. The quarterly results showed a sound contribution from the company’s fee-based businesses in an improving...
5Feb2010 | vitalstocks | 0 comments | Continued(NS) NuStar Energy L.P. Reports Profit Growth
NuStar Energy L.P. (NS), a master limited partnership (MLP), announced better-than-expected fourth quarter results on the strength of higher margins in its asphalt business. The partnership reported earnings per unit (EPU) of 50 cents, topping both the Zacks Consensus Estimate...
1Feb2010 | vitalstocks | 0 comments | Continued(EEP) Enbridge Energy Partners L.P. Reports In Line
Enbridge Energy Partners L.P. (EEP) reported its fourth quarter 2009 earnings of 64 cents per unit, in line with the Zacks Consensus Estimate and the year-earlier earnings of 67 cents. Total revenues for the quarter decreased more than 12% year over year to $1.63 billion. Enbridge...
1Feb2010 | vitalstocks | 0 comments | Continued(SXL) Sunoco Logistics Partners’ Profit Drops
Sunoco Logistics Partners L.P. (SXL) – a master limited partnership (MLP) ? announced weaker-than-expected fourth quarter results, hurt by lower earnings in the Crude Oil Pipeline System segment. The partnership reported earnings per unit (EPU) of $1.30, below the Zacks Consensus...
30Jan2010 | vitalstocks | 0 comments | Continued(SE) Spectra Energy Sees 20% Earnings Growth Ahead
With the announcement of the 2010 financial outlook, Spectra Energy (SE) sees more than 20% earnings growth and expects to maintain at least its current annual dividend of $1.00 per share. The company is targeting diluted earnings per share of $1.42 this year with a 2010–2012...
25Jan2010 | vitalstocks | 0 comments | Continued(EP) El Paso Corporation Reports Year-end Reserves
El Paso Corporation (EP) reported that its total proved reserves at year-end 2009 increased 8% to 2.75 trillion cubic feet equivalent (Tcfe), including its 48.8% interest in Four Star Oil & Gas Company. Proved reserves at the end of 2008 totaled 2.55 Tcfe. The company’s...
21Jan2010 | vitalstocks | 0 comments | Continued(WMB) Williams Companies Announces $12 Billion Restructuring to Consolidate Operations
Natural gas producer and pipeline firm Williams Companies (WMB) announced a $12 billion restructuring program whereby it will combine its pipeline and processing units to create one of the largest natural gas partnerships in the nation. According to the deal, Williams will sell...
20Jan2010 | vitalstocks | 0 comments | Continued(PAA) Plains All American Pipeline L.P. Plans IPO
Plains All American Pipeline L.P. (PAA), recently, announced plans for an initial public offering of PAA Natural Gas Storage L.P., a master limited partnership subsidiary, which the company plans to create for its natural-gas storage business. Plains said it will register for...
18Jan2010 | vitalstocks | 0 comments | Continued(EP) El Paso Corporation Ends 2009 With Strong Liquidity
El Paso Corp. (EP) ended the year with a strong liquidity of approximately $1.8 billion, following the closing of a $103.5 million acquisition in the Altamont-Bluebell field. Management exclaimed that El Paso has started 2010 with a strong cash position and is making excellent...
15Jan2010 | vitalstocks | 0 comments | Continued(PAA) Plains All American Pipeline L.P. Adds to Capline Stakes
Master limited partnership, Plains All American Pipeline L.P. (PAA) announced that it has acquired additional 21% stakes in the Capline Pipeline system and 100% stake in 720,000 barrels of tankage at Patoka, Illinois. The Capline assets were acquired for an aggregate consideration...
11Jan2010 | vitalstocks | 0 comments | Continued(ETP) Energy Transfer Partners Offers Common Units
Energy Transfer Partners L.P. (ETP) – a natural gas and propane gas distributor – priced the public offering of 8.5 million common units at $44.72 per unit, with a 30-day over-allotment option for an additional 1.3 million units. The partnership plans to use the net proceeds...
7Jan2010 | vitalstocks | 0 comments | Continued(APL) Transport Your Money Into This Natural Gas Industry
by Sheena Martin, Contributing Editor Wednesday, December 23, 2009 Most commodity investors know by now that natural gas prices took a major hit over the past two years. And with production stalled around the world, very few people expect it to rise much more than the $2 per...
27Dec2009 | InvestmentU | 0 comments | Continued(OKS) ONEOK Partners L.P. Signs Pact with Targa Resources Partners
Recently, ONEOK Partners L.P. (OKS) signed a letter of intent for a 10-year term with Targa Resources Partners L.P. (NGLS) for additional fractionation capacity at Targa’s Cedar Bayou fractionator, a natural gas liquids fractionation facility located at Mont Belvieu, Texas....
27Dec2009 | vitalstocks | 0 comments | Continued(EEP) Enbridge Energy Partners L.P. Sports A Discounted Valuation
While other players in our MLP (master limited partnership) coverage increase their cash distribution, Enbridge Energy Partners L.P. (EEP) still lags behind. In the third quarter, Enbridge retained its cash distribution, while Enterprise Products Partners L.P. (EPD) and Kinder...
27Dec2009 | vitalstocks | 0 comments | Continued(KMP) Kinder Morgan Energy Partners and Energy Transfer Partners’ Joint Venture Gets Green Light
The Fayetteville Express Pipeline LLC – a 50/50 joint venture between Kinder Morgan Energy Partners, L.P. (KMP) and Energy Transfer Partners, L.P. (ETP) – said that the Federal Energy Regulatory Commission (FERC) permitted it to build and operate a 185-mile pipeline to carry...
23Dec2009 | vitalstocks | 0 comments | Continued(EEP) Enbridge Energy Partners L.P. – Earnings Report Crushed Estimates
Enbridge Energy Partners, L.P. (EEP) estimates continue to climb as the company’s most recent project is expected to go into production next year. Company Description Enbridge is an energy transportation company based in Texas. The partnership delivers crude oil, petroleum,...
9Dec2009 | vitalstocks | 0 comments | Continued(ETP) Energy Transfer Partners – Bear of the Day
Our Underperform recommendation on Energy Transfer Partners (ETP) units takes into account the bearish outlook for pipeline operators. While the partnership’s liquidity position is sound, we continue to believe that the near- to medium-term outlook for its natural gas gathering...
7Dec2009 | vitalstocks | 0 comments | Continued(WMB) The Williams Companies’ Pipeline Project Approved
The Williams Companies (WMB) said that the Federal Energy Regulatory Commission (FERC) permitted its majority-owned subsidiary, Northwest Pipeline GP, to build and operate a 15.5-mile pipeline to transport natural gas from the Piceance Basin in Colorado to the Opal Hub in Wyoming. Known...
3Dec2009 | vitalstocks | 0 comments | Continued(MMP) Magellan Midstream Partners, L.P. Hits 52-Week High
Units of Magellan Midstream Partners, L.P. (MMP) hit a 52-week high of $41.51 yesterday (Tuesday). The master limited partnership (MLP) has seen its unit price climb 36% since April, as investors have been buying shares of the oil and gas transporter for its attractive distribution...
2Dec2009 | vitalstocks | 0 comments | Continued(ETP) Energy Transfer Partners – Bear of the Day
Our Underperform recommendation on Energy Transfer Partners (ETP) units takes into account the bearish outlook for pipeline operators. While the partnership’s liquidity position is sound, we continue to believe that the near- to medium-term outlook for its natural gas gathering...
25Nov2009 | vitalstocks | 0 comments | Continued(WMB) The Williams Companies Completes 2nd Phase of Transco Pipeline
The Williams Companies (WMB) announced that it has placed the second phase of the Sentinel expansion project on its interstate Transco natural gas pipeline system into service, as a result increasing firm transportation capacity into the northeastern U.S. by 102 thousand dekatherms...
24Nov2009 | vitalstocks | 0 comments | Continued(WMB) Williams Companies Files with Federal Energy Regulatory Commission for Expansion
Williams Companies Inc. (WMB) has filed an application with the Federal Energy Regulatory Commission (FERC) to expand its Transco natural gas pipeline to serve markets in the southeastern United States. On approval from FERC, Williams expects the Mobile Bay South II Expansion...
18Nov2009 | vitalstocks | 0 comments | Continued(NS) NuStar Energy Closes Public Offering
NuStar Energy L.P. (NS) announced the closing of its 5,750,000 common units of public offering, representing $52.45 per unit limited partner interest. Of this, 750,000 units were sold to underwriters. Total net proceeds from the public offering were $289 million, including the...
16Nov2009 | vitalstocks | 0 comments | Continued(MMP) Magellan Midstream Partners L.P. Reports Weak Results
Magellan Midstream Partners L.P. (MMP), a master limited partnership (MLP), announced weak third quarter results, as low commodity prices more than offset record results from its Terminals segment. The partnership reported earnings per unit (EPU) of 43 cents, missing the Zacks...
14Nov2009 | vitalstocks | 0 comments | Continued(EEP) Enbridge Energy Partners L.P. Beats on Higher Volumes
Enbridge Energy Partners L.P. (EEP) reported its third quarter earnings of 86 cents per unit, beating the Zacks Consensus Estimate of 60 cents. The company’s profit stood at 71 cents in the year-ago period. Total revenues for the quarter decreased nearly 51% year over year...
11Nov2009 | vitalstocks | 0 comments | Continued(PAA) Plains All American Pipeline L.P. In Line with Analyst Numbers
Plains All American Pipeline L.P. (PAA) reported adjusted earnings of 59 cents per share, marginally above the Zacks Consensus Estimate of 58 cents and down from 71 cents reported a year ago. Plains All American reported a 13% increase in the adjusted earnings for the Transportation...
11Nov2009 | vitalstocks | 0 comments | Continued(MMP) Magellan Midstream Partners L.P. Reports Weak Results
Magellan Midstream Partners L.P. (MMP), a master limited partnership (MLP), announced weak third quarter results, as low commodity prices more than offset record results from its terminals segment. The partnership reported earnings per unit (EPU) of 43 cents, missing the Zacks...
10Nov2009 | vitalstocks | 0 comments | Continued(OKS) ONEOK Partners L.P. Ahead of Consensus Estimates
Master limited partner, ONEOK Partners L.P. (OKS) announced earnings of $1 per unit in the third quarter, beating the Zacks Consensus Estimate of 88 cents. This was below last year’s earnings of $1.97 per share. Results in the quarter were driven by volume growth in the natural...
9Nov2009 | vitalstocks | 0 comments | Continued