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Investing Topics: Master Limited Partnerships

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.

03/16/18: Master Limited Partnerships and the Wrath of FERC

By Roger S. Conrad on Mar. 16, 2018
The Alerian MLP Index has shed 16 percent of its value since Jan. 29, more than wiping out the gains over the prior month and a half. This selling has pulled this basket of 40 prominent master limited partnerships (MLP) to its lowest point in more than two years. Yesterday’s sharp selloff stemmed from the Federal Energy Regulatory Commission’s (FERC) ruling that MLPs can no longer recover an income tax allowance on regulated interstate pipelines that operate under cost-of-service agreements.

Danger: Falling Dividends

By Roger S. Conrad on Mar. 5, 2018
Two names on our Endangered Dividends List cut their payouts.

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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