Oil & Gas Pipelines
(ETP) Energy Transfer Closes Business Sale
Energy Transfer Partners L.P. (ETP) completed the divesture of its propane business to retail propane distributor AmeriGas Partners L.P. (APU). The announcement of the sale was made in October, 2011. Per the terms of the agreement, Energy Transfer Partners received total proceeds...
14Jan2012 | vitalstocks | 0 comments | Continued(SE) Spectra Energy Corporation – Bull of the Day
We maintain our Outperform recommendation for Spectra Energy Corp. (SE) shares following better-than-expected third quarter 2011 results. The out-performance was driven by strong growth from expansion projects, higher commodity prices and a stronger Canadian dollar. With third-quarter...
13Dec2011 | vitalstocks | 0 comments | Continued(EEP) Enbridge Energy Partners LP Adds Capacity at North Dakota
Enbridge Energy Partners LP (EEP) has drawn up a $145 million investment plan to enhance its facility at North Dakota. Per the plan, the partnership will expand its crude oil capacity and add a rail car loading facility to absorb additional volume. The pipeline operator will...
8Dec2011 | vitalstocks | 0 comments | Continued(KMP) Kinder Morgan Energy Partners, L.P. Unveils 2012 Guidance
Kinder Morgan Energy Partners, L.P. (KMP) has provided its initial estimates for 2012. The partnership expects to distribute cash of $4.98 per unit next year. This is an 8.3% increase over its 2011 budget target of $4.60 per unit. Kinder Morgan Inc. (KMI) owns the general partner...
30Nov2011 | vitalstocks | 0 comments | Continued(ETP) Energy Transfer Partners L.P. Completes Unit Offering
Energy Transfer Partners L.P. (ETP) announced the closure of its previously announced public offering. The firm priced the public offering of 13,250,000 common units at $44.67 apiece. The natural gas and propane gas master limited partnership (MLP) plans to use the net proceeds...
22Nov2011 | vitalstocks | 0 comments | Continued(ETP) Energy Transfer Partners Prices Unit Offer
Energy Transfer Partners L.P. (ETP) priced a public offering of 13,250,000 common units at $44.67 a piece, with a 30-day over-allotment option for an additional 1,987,500 units. The natural gas and propane gas master limited partnership (MLP) plans to use the net proceeds from...
14Nov2011 | vitalstocks | 0 comments | Continued(KMP) Kinder Morgan Energy Partners Plans $400 Million Venture
Kinder Morgan Energy Partners, L.P. (KMP) announced plans to invest in the Battleground Oil Specialty Terminal Company, LLC or BOSTCO – a joint venture with TransMontaigne Partners L.P. (TLP). Kinder Morgan will set up, own and operate a $400 million oil terminal on the Houston...
10Nov2011 | vitalstocks | 0 comments | Continued(MMP) Magellan Midstream Partners, L.P. Beats – Profit Grows
Pipeline operator Magellan Midstream Partners, L.P. (MMP) announced strong third quarter 2011 results, aided by contributions from recently-completed acquisitions and expansion projects. The Tulsa, Oklahoma-based oil distributor reported earnings per unit (EPU) of 79 cents (excluding...
2Nov2011 | vitalstocks | 0 comments | Continued(WMB) The Williams Companies Reveals 2012-13 Forecast
The Williams Companies, Inc. (WMB) disclosed plans to transform itself into a high-dividend, high-growth energy firm at its recent Analyst Day. The company also guided 2012–2013 adjusted earnings per share and cash flow from continuing operations, taking into account the upcoming...
6Oct2011 | vitalstocks | 0 comments | Continued(PAA) Plains All American LP – Bull of the Day
Plains All American Pipeline LP (PAA) maintained its strong performance from the first quarter, with its revenues increasing across the board. Going forward, the partnership expects the strong performance to continue into the second half of 2011, and therefore raised its EBITDA...
5Oct2011 | vitalstocks | 0 comments | Continued(SXL) Sunoco Logistics Partners LP – Bull of the Day
Buoyed by a robust operating performance and favorable growth prospects, we are upgrading Sunoco Logistics Partners, LP (SXL) to Outperform from Neutral. Recent results for Sunoco Logistics have been driven by strength in its crude pipeline system and terminals facilities. Importantly,...
17Aug2011 | vitalstocks | 0 comments | Continued(ETP) Energy Transfer Partners Misses Forecast
Pipeline operator Energy Transfer Partners L.P. (ETP) announced disappointing second quarter 2011 results, hurt by lower natural gas volumes and higher operating expenses. The owner of the biggest intrastate pipeline system in Texas reported earnings per unit of 19 cents, which...
8Aug2011 | vitalstocks | 0 comments | Continued(MMP) Magellan Midstream Partners, L.P. Beats EPS – Misses Revenue
Pipeline operator Magellan Midstream Partners, L.P. (MMP) announced better-than-expected second quarter 2011 profits, aided by contributions from recently-completed acquisitions and expansion projects. The Tulsa, Oklahoma-based oil distributor reported earnings per unit (EPU)...
5Aug2011 | vitalstocks | 0 comments | Continued(SXL) Sunoco Logistics Partners’ Profits Surge
Crude oil pipelines and terminals operator Sunoco Logistics Partners L.P. (SXL) announced a jump in its second-quarter 2011 profits, driven by strong contributions from the crude pipeline system and terminals facilities. The partnership’s diluted earnings per unit (“EPU”)...
3Aug2011 | vitalstocks | 0 comments | Continued(SE) Spectra Energy Wraps Big Sandy Acquisition
A master limited partnership by Spectra Energy Corp. (SE), Spectra Energy Partners, LP (SEP), closed its previously announced acquisition agreement with EQT Corp. (EQT) for a total consideration of $390 million. The acquired assets comprise a 70-mile regulated natural gas pipeline...
5Jul2011 | vitalstocks | 0 comments | Continued(KMP) Kinder-Copano Grows in Eagle Ford
Eagle Ford Gathering LLC continues to expand its reach for producers in the prolific South Texas region. In this regard, Kinder Morgan Energy Partners, L.P. (KMP) and Copano Energy, L.L.C. (CPNO) – the owners of Eagle Ford Gathering LLC – have entered into long-term joint...
2Jul2011 | vitalstocks | 0 comments | Continued(SXL) Sunoco Logistics Partners L.P. Makes Twin Purchases
Sunoco Logistics Partners L.P. (SXL), a master limited partnership, has agreed to acquire an oil storage plant in New Jersey from Sunoco Inc. (SUN) in a stock deal, for approximately $100 million. Additionally, Sunoco Logistics plans to invest about $90 million for further development...
30Jun2011 | vitalstocks | 0 comments | Continued(NS) NuStar Energy L.P. and Velocity in Eagle Ford Deal
A unit of San Antonio-based partnership NuStar Energy L.P. (NS) has signed a letter of intent with an Oklahoma firm – Velocity Midstream Partners – to construct a pipeline system that will carry west Eagle Ford shale oil products from Velocity’s Gardendale hub to NuStar’s...
29Jun2011 | vitalstocks | 0 comments | Continued(WMB) Williams Bids for Southern Union
Williams Companies (WMB) has offered to acquire all of the outstanding shares of Southern Union Company (SUG) for a total cash value of $4.86 billion, topping the bid of $4.2 billion that was placed by Energy Transfer Equity L.P. (ETE). The total enterprise value of the deal...
26Jun2011 | vitalstocks | 0 comments | Continued(ETP) Energy Transfer Partners and Regency Energy Partners L.P. in Deal
Lone Star LLC –– a joint venture between Energy Transfer Partners (ETP) and Regency Energy Partners L.P. (RGNC) –– announced that it will construct a 530-mile natural gas liquids (NGL) pipeline for $700 million. Energy Transfer will fund 70% of the estimated cost, while...
23Jun2011 | vitalstocks | 0 comments | Continued(KMP) Kinder Morgan Energy Partners Buys Petcoke Terminal
Kinder Morgan Energy Partners (KMP) has bought a newly constructed petroleum coke (petcoke) terminal in Port Arthur, Texas from TGS Development Group. The terminal cost the company approximately $67 million. The facility handles petcoke from Total Petrochemicals USA Inc.’s...
20Jun2011 | vitalstocks | 0 comments | Continued(KMP) Kinder-Copano Join Williams Partners L.P.
Eagle Ford Gathering LLC, a joint venture (JV) between Kinder Morgan Energy Partners, L.P. (KMP) and Copano Energy, L.L.C. (CPNO), entered into a long-term agreement to provide midstream services to Williams Partners L.P. (WPZ) at the Markham processing plant. The deal entitles...
17Jun2011 | vitalstocks | 0 comments | Continued(ETP) Energy Transfer Partners Analyst Maintains Neutral Rating on Shares
We are maintaining our long-term Neutral rating on Energy Transfer Partners L.P. (ETP) based on its growth momentum, which is aided by acquisitions and joint ventures, strong volume expansion and modest price increases. These positive aspects are somewhat diluted by the challenging...
12Jun2011 | vitalstocks | 0 comments | Continued(EP) El Paso Amends Credit Facility
El Paso Corporation (EP) and its subsidiary El Paso Exploration & Production Company (EPEP) announced that they have made changes to their credit facilities, as they prepare to split into two separate entities by year-end 2011. The credit facilities of both EP and EPEP are...
11Jun2011 | vitalstocks | 0 comments | Continued(MMP) Magellan Midstream Partners Posts Strong First Quarter Earnings
Magellan Midstream Partners L.P. (MMP), a master limited partnership (“MLP”), reported earnings per unit (EPU) of $1.01 (excluding mark-to-market commodity-related pricing adjustments), surpassing both the Zacks Consensus Estimate of 87 cents and the year-ago profit of 67...
6May2011 | vitalstocks | 0 comments | Continued(ETP) Energy Transfer Partners Earnings Miss – Profit Slumps
Pipeline operator Energy Transfer Partners L.P. (ETP) announced weak first quarter results, as volumes suffered due to a lower base of differentials between the West and East Texas market hubs. The owner of the biggest intrastate pipeline system in Texas reported earnings per...
6May2011 | vitalstocks | 0 comments | Continued(EEP) Enbridge Energy Partners Misses Earnings Estimates – Revenues Grow
Enbridge Energy Partners L.P. (EEP) reported first-quarter 2011 earnings of 31 cents per unit, well below the Zacks Consensus Estimate of 38 cents and the year-earlier profit of 37 cents. Results were lower than expected mainly due to higher operating costs in liquids and natural...
3May2011 | vitalstocks | 0 comments | Continued(NS) NuStar Energy Quarterly Profit Soars
San Antonio-based publicly traded partnership NuStar Energy L.P. (NS) announced strong first quarter results, driven by higher operating income from all three business segments. The owner and operator of crude oil and refined products pipelines and storage facilities reported...
3May2011 | vitalstocks | 0 comments | Continued(TCLP) TC PipeLines LP – Earnings Increase 27%
TC PipeLines, LP (TCLP) recently delivered its fifth consecutive positive earnings surprise, prompting analysts to raise their estimates significantly higher. It is a Zacks #1 Rank (Strong Buy) stock. TCLP has also been steadily raising its distribution over the last decade....
3May2011 | vitalstocks | 0 comments | Continued(SE) Spectra Energy Earnings Beat Consensus
Premier natural gas company Spectra Energy Corp. (SE) reported better-than-expected first-quarter 2011 results owing to expansion projects that kick-started, higher natural gas liquids (NGLs) prices and a stronger Canadian dollar. Earnings per share from continuing operations...
3May2011 | vitalstocks | 0 comments | Continued