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Investing Topics: Master Limited Partnerships

Despite DAPL, There’s Still Life in Midstream

By Roger S. Conrad on Jul. 8, 2020

The key for investors isn't the fate of one pipeline or another. It's how well-positioned companies are to handle a setback at an asset they own or are building. We win by focusing on the handful of companies that are best-positioned to emerge from this shakeout.

Kinder’s Results: Buy Signal for US Midstream

By Roger S. Conrad on Jan. 28, 2019
With an industry-leading 84,000 miles of energy pipelines, 157 terminals and related assets, Kinder Morgan Inc's (NYSE: KMI) results aren’t just a progress report, but reliable portents for the rest of the business as well.

Enbridge Eats Its Young

By Roger S. Conrad on Jun. 11, 2018
Enbridge Inc (TSX: ENB, NYSE: ENB) is buying the remaining common units of the two US MLPs it controls: Enbridge Energy Partners (NYSE: EEP) and Spectra Energy Partners (NYSE: SEP). It’s a good deal for the acquirer, which is buying these assets for barely 7 times cash flow. Absorbing the regulated natural gas and oil pipelines should dodge a possible Federal Energy Regulatory Commission-mandated rate cut. And management has affirmed three-year earnings guidance while promising faster growth after 2020.

MLPs Back on the Road to Profits

By Roger S. Conrad on May. 26, 2018
This week, Elliott Gue and I attended the 2018 MLP & Energy Infrastructure Conference in Orlando, Florida. Here are some of our takeaways.

MLP Takeovers and Take Unders

By Roger S. Conrad on May. 19, 2018
Enbridge Inc (TSX: ENB, NYSE: ENB) and Williams Companies (NYSE: WMB) roll up their master limited partnerships as expected. Here's what that means for unitholders.

Moving Closer to the Edge

By Roger S. Conrad on May. 6, 2018

SCANA Corp (NYSE: SCG) won’t declare its June dividend until “closer to record date”. That’s the closest Conrad’s Utility Investor coverage universe companies have come to a payout cut this earnings season. But several are definitely on the edge.

Why MLPs Will Recover

By Roger S. Conrad on Apr. 19, 2018
It always seems darkest before the dawn. But a brighter day is on the way for battered energy master limited partnerships (MLPs).

Earnings Season: There Will Be Blood

By Roger S. Conrad on Apr. 13, 2018
Earnings season is the time when companies share their quarterly results, good and bad. It’s also an opportunity for management teams to reset their strategy and guidance, including the dividend policy.

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ABOUT ROGER CONRAD

Roger S. Conrad needs no introduction to individual and professional investors, many of whom have profited from his decades of experience uncovering the best dividend-paying stocks for accumulating sustainable wealth. Roger b