Alerian MLP ETF (AMLP)

MPLX LP to acquire remaining 55% interest in BANGL, LLC for $715 million and may make additional payments based on financial targets. Transaction expected to close in July 2025 and will improve growth platform.

Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose to $2.17 billion, compared with $1.51 billion in the year-ago quarter.

According to Koyfin data, Wall Street expects ONEOK to report fourth-quarter earnings per share of $1.54.

Sunoco LP reports lower Q4 revenues of $5.27B, misses consensus of $6.21B. Adjusted EBITDA and distributable cash flow increased from previous year.

PAA reports Q4 revenue of $12.402 billion, missing consensus. Adjusted EPS beats at 42 cents. Projects FY2025 EBITDA of $2.80B-$2.95B and increased distribution.

The only negative about the pipeline sector today is the direction of fund flows. It’s regularly covered in this blog and a topic that continues to mystify us.

AMLP, AMZA, and XLE are three energy ETFs that investors looking to capitalize on a potential breakout year for the sector might consider.

LNG is expected to boom in 2025, and these companies are best positioned to benefit from it. They make money off the volume and return capital to shareholders.

Kristi Noem went from Congress to South Dakota governor and could be on her way to be a member in Donald Trump's Cabinet. A look at Noem's wealth and income sources.

Sunoco LP reported lower Q3 revenues of $5.75B, missing consensus of $6.508B. Adjusted EBITDA and EPS increased, while long-term debt was $7.3B.

Trump's presidency is anticipated to pivot U.S. energy policy back towards oil and gas production.

Oneok is developing a habit of surprising the market with their acquisitions. Last year’s deal with Magellan Midstream was roundly criticized, including by us, because of few obvious synergies and an unwelcome tax bill for MMP unitholders

ONEOK to acquire GIP's stake in EnLink Midstream for $3.0 billion, also purchasing Medallion Midstream for $2.6 billion.

In this video, I discuss ETF strategies for navigating changes to interest rates. I also cover strategies for dividends, equity growth, and income.

Midstream stocks had a strong first half, but the second half may be even brighter.

Under Biden, hundreds of billions of dollars were put toward incentives for green energy, and the U.S. set a record for crude oil production.

PAA reported higher revenue of $11.995B, missing consensus. Operating income and adjusted EBITDA were flat. Company expects flat EBITDA in 2026.

A decade ago, master limited partnerships (MLPs) were a favored investment class for income investors. They have unique tax advantages that resulted in significant advantages over other income equities. What ever happened to them?

Why investing in the Alerian MLP ETF may be a good alternative for many investors.

Fund marketers like to push low expense ratios as a path to above-average returns. They often make it sound as if investors pay expenses directly.

There’s no particular reason why a 12 month outlook is more important at year’s end, but that is nonetheless when research analysts take stock of past forecasts and offer new ones

Targa Resources provided one of several bright spots among pipeline earnings last week with a 50% increase in their dividend planned for next year. Their cashflows are increasing strongly.

The diminishing number of MLPs has started to draw attention from sell-side analysts. Morgan Stanley’s Robert Kad wrote in his Midstream Weekly that consolidation was likely to, impact active manager mandates that have been dedicated to the sector.

Energy Transfer’s acquisition of Crestwood highlights the shortcomings of the proposed merger of Oneok with Magellan Midstream. Because Energy Transfer and Crestwood are both MLPs, combining the two doesn’t constitute a taxable event for unitholders.