Oil & Gas Pipelines
(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...
(SE) Spectra Energy Analyst Reiterates Shares at Neutral
We maintain our Neutral recommendation on Spectra Energy Corporation (SE) given its impressive fourth quarter results, continued organic investments, healthy natural gas liquid (NGL) fundamentals, new prospects...
(MMP) Magellan Midstream Partners Bullishness on Recovery
Units of Magellan Midstream Partners L.P. (MMP) hit a 52-week high of $60.72 on Friday, April 8. The oil pipeline and storage partnership has seen its unit price climb approximately 26% since the end of August...
(EP) El Paso Corporation Analyst Rates Shares Neutral
We reiterate our Neutral recommendation on El Paso Corporation (EP) given the company’s high-grade Exploration & Production assets and large inventory of pipeline projects, which offer significant value...
(ETP) Energy Transfer Partners L.P. Completes Public Offering
Energy Transfer Partners L.P. (ETP) announced the closure of its previously announced public offering. The firm priced the public offering of 14,202,500 common units at $50.52 apiece, including...
(EEP) Enbridge Energy Partners Maintains Neutral on Shares
We are maintaining our Neutral recommendation on Enbridge Energy Partners, L.P. (EEP), given its fee-based and diversified businesses, along with its increased exposure to the Bakken Shale, the Haynesville...
(ETP) Energy Transfer Partners L.P. to Tap Equity Market
Energy Transfer Partners L.P. (ETP) has commenced an underwritten public offering of 11,750,000 common units representing limited partner interests.
The natural gas and propane gas...
(ETP) Energy Transfer Partners L.P. Unit Offering Priced at $50.52
Energy Transfer Partners L.P. (ETP) priced a public offering of 12,350,000 common units at $50.52 per unit, with a 30-day over-allotment option for an additional 1,852,500 units.
The...
(ETP) Energy Transfer Partners L.P. Prices Unit Offering
Energy Transfer Partners L.P. (ETP) priced a public offering of 12,350,000 common units at $50.52 per unit, with a 30-day over-allotment option for an additional 1,852,500 units.
The...
(KMP) Kinder Morgan Energy Partners Announces Promising Joint Venture
Kinder Morgan Energy Partners, L.P. (KMP) announced plans to form a joint venture with Oklahoma-based companies Deeprock Energy Resources LLC and Mercuria Energy Trading. In this regard, Kinder Morgan will...
(ETP) Energy Transfer Partners’ Fourth Quarter Earnings Report Matches Estimates
Pipeline operator Energy Transfer Partners L.P. (ETP) announced in-line fourth quarter results, as improved sales from its retail propane segment were offset by weakness in its natural gas transportation operations.
The...
(PAA) PAA Natural Gas Storage L.P. Announces Buy of Gas Storage Facility
PAA Natural Gas Storage L.P. (PNG), a unit of Plains All American Pipeline L.P. (PAA), has agreed to buy SG Resources Mississippi LLC for...
(ETP) Energy Transfer Partners L.P. Earnings Scorecard
Earlier this month, Energy Transfer Partners L.P. (ETP) – a master limited partnership (“MLP”) – announced its financial results for the third quarter ended September 30, 2010.
Now...
(CPNO) Copano Energy, Kinder Morgan Energy and Chesapeake Energy Enter Joint Venture
Through a joint venture (JV) with Copano Energy LLC (CPNO), Kinder Morgan Energy Partners LP (KMP) entered in to a long term Eagle Ford...
(MMP) Magellan Midstream Partners L.P. Earnings Scorecard
Earlier this month, Magellan Midstream Partners L.P. (MMP) – a master limited partnership (“MLP”) – announced its financial results for the third quarter ended September 30, 2010.
Now...
(OKS) ONEOK Partners L.P. Raises Cash Distribution Again
Master limited partner (MLP), ONEOK Partners L.P. (OKS) hiked its third quarter cash distribution by 1 cent to $1.13 per limited partner unit, implying a 0.9% rise from the previous distribution of $1.12 per...
(PAA) Plains All American Pipeline L.P. Acquires Assets Worth $175 Million
Plains All American Pipeline L.P. (PAA) announced that its subsidiaries have entered into five different agreements to acquire assets worth $175 million. All the acquired assets are in areas where the partnership...
(APL) Atlas Pipeline Partners to Dominate Largest-Ever Natural Gas Discovery in U.S.
by Alexander Moschina, Investment U Research
Thursday, August 19, 2010
Just because a company is selling off its assets doesn’t mean disaster is afoot. Sometimes it’s just a move to free-up capital for growth projects. That’s the case with Atlas...
(EP) El Paso Corporation Beats Earnings Expectations by a Cent
El Paso Corporation (EP) announced its second-quarter 2010 operating earnings of 22 cents per share, which beat the Zacks Consensus Estimate by a penny. The results of the company were lower than year-ago earnings...
(EP) El Paso In Joint Venture With AGL Resources on Pipeline Business
El Paso Corporation (EP) has entered into a 50/50 joint venture with AGL Resources Inc. (AGL), an Atlanta-based energy service company, for...
(PAA) Plains All American Pipeline Raises Funds Via Notes Issue
Plains All American Pipeline, L.P. (PAA) commenced the public offering of $400 million aggregate amount of 3.95% Senior Notes due Sept 15, 2015. The notes will be the unsecured senior obligations of Plains...
(WMB) Williams Companies Expand Marcellus Shale Project
Natural gas producer, Williams Companies Inc. (WMB), acquired approximately 42,000 net acres in the Marcellus Shale from Alta Resources, LLC and its partners for $501 million.
The net 42,000 Marcellus...
(NS) NuStar Energy L.P. to Buy Asphalt Holdings’ Assets From Denham Capital
NuStar Energy L.P. (NS), one of the country’s largest asphalt refiners and marketers and operators of petroleum product terminals and petroleum liquids pipelines, has agreed to acquire certain assets of an...
(KMP) Kinder Morgan Energy Partners Completes Joint Venture
Kinder Morgan Energy Partners L.P. (KMP), the largest independent owner and operator of petroleum product pipelines in the U.S., has completed the purchase of a 50% interest in Petrohawk Energy Corporation’s...
(SE) Spectra Energy Reports Earnings Above Expectations
Despite better-than-expected first quarter results, shares of Spectra Energy Corporation (SE) have tumbled more than 15% since its announcement of the quarterly results. While the current unfavorable sentiment...
(ETP) Energy Transfer Partners L.P. Hurt by Lower Volumes
Energy Transfer Partners L.P. (ETP), a master limited partnership (MLP), announced its weak first quarter results, adversely affected by a decrease in volumes in its transportation pipelines. The pipeline...
(PAA) Plains All American Pipeline L.P. Beats The Street
Plains All American Pipeline L.P. (PAA) reported adjusted earnings of 77 cents per unit, beating the Zacks Consensus Estimate of 73 cents and in line with the company’s guidance. However, results in the quarter...
(ETP) Energy Transfer Partners L.P. Wins Pipeline Approval
Energy Transfer Partners L.P. (ETP) — a natural gas and propane gas master limited partnership (MLP) — announced that the Federal Energy Regulatory Commission (FERC) has permitted it to build and...
(KMP) Kinder Morgan Energy Partners – Bear of the Day
We are downgrading Kinder Morgan Energy Partners (KMP) to Underperform from Neutral. While the partnership’s growth prospects are closely linked to a successful completion of organic growth projects,...
(EP) El Paso Corporation Project Earns FERC Approval
The Federal Energy Regulatory Commission (FERC) has approved El Paso Corporation’s (EP) $3 billion Ruby Pipeline project. The pipeline will benefit both natural gas producers and consumers...