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MLP E&P Stat Update 2-14-14

MLP E&P Stocks

  12-31-13 Current Distrib/ Q1 Dist Dist/dcf Dist/dcf Year-to-Date Percent Change
  Price Price Quarter Yield 2014 2015 Price Pr+Dist EPS Target DCF Dist* cagr

ARP 20.48 21.58 0.5800 10.75 86.57 78.64 5.37 7.27 0.00 0.50 -1.11 20.83 0.00
BBEP 20.34 20.79 0.4925 9.48 85.28 80.41 2.21 3.83 0.00 0.82 2.67 4.79 0.00
EROC 5.95 5.36 0.1500 11.19 95.24 100.00 -9.92 -7.39 0.00 0.00 -8.70 -31.82 0.00
EVEP 33.93 34.24 0.7710 9.01 86.39 79.90 0.91 3.19 -0.76 -1.03 5.93 0.52 0.00
LINE 30.79 32.85 0.7248 8.83 81.21 79.65 6.69 8.27 1.39 0.50 -5.80 -0.03 0.00
LGCY 28.16 27.16 0.5900 8.69 84.59 74.68 -3.55 -1.46 2.38 -0.66 -1.41 3.51 0.00
LRE 17.03 17.23 0.4900 11.38 87.50 78.40 1.17 4.05 0.00 0.73 -7.82 2.08 0.00
MCEP 22.85 23.74 0.5150 8.68 62.42 63.38 3.89 6.15 -0.48 0.00 -0.90 4.04 0.00
MEMP 21.94 21.98 0.5500 10.01 75.86 81.78 0.18 2.69 -0.92 1.27 -0.34 8.37 0.00
QRE 17.12 17.55 0.4875 11.11 93.30 96.06 2.51 4.42 0.77 -2.00 -0.95 0.00 0.00
VNR 29.52 30.04 0.6225 8.29 77.33 71.55 1.76 3.17 -0.76 3.20 0.31 2.47 0.00

The E&P Average   9.76 83.24 80.41 1.02 3.11 0.15 0.30 -1.65 1.34  

* Distribution growth is year over year - or Q4-13 dividend by Q4-12 Distribution dates used were:

ARP : monthly BBEP : monthly EROC : 02-14 EVEP : 02-14 LINE: monthly LGCY: 02-14
LRE : 02-14 MCEP: 02-12 MEMP: 02-14 QRE: monthly VNR: monthly

Historical MLP E&P Month-End Yields:

Jan 09: 15.90% Feb: 18.45% Mar: 19.60% April: 15.48% May: 15.24% June: 10.58%
July 09: 9.39% Aug: 7.75% Sept: 7.10% Oct : 7.49% Nov: 7.32% Dec: 6.47%
Jan 10: 6.43% Feb: 6.30% Mar: 7.04% April: 6.68% May: 8.90% June: 8.53%
July 10: 7.62% Aug: 7.90% Sept: 7.48% Oct : 7.10% Nov: 7.06% Dec: 6.59%
Jan 11: 6.31% Feb: 6.17% Mar: 6.01% April: 5.78% May: 6.27% June: 6.37%
July 11: 6.37% Aug: 6.68% Sept: 7.17% Oct : 6.50% Nov: 6.80% Dec: 6.42%
Jan 12: 6.42% Feb: 7.41% Mar: 7.41% April: 7.50% May: 8.82% June: 8.70%
July 12: 8.18% Aug: 7.94% Sept: 7.70% Oct : 7.59% Nov: 8.24% Dec: 8.73%
Jan 13: Feb: Mar: April: May: June: 8.64%
July 13: 8.68% Aug: 10.19%* Sept: 9.80% Oct : 9.89% Nov: 10.12% Dec: 9.79%
Jan 14: 9.76% Feb: Mar: April: May: June: 8.64%

* 1st month where EROC replaced CEP. Oct was 1st month PSE was dropped.
Sector average yield stats are not that useful due to several E&Ps [like ATN, BBEP, CEP and QELP] eliminating distributions in 2008 and 2009, and with BBEP re-starting distributions in 2010. In February of 2012, LRE, MCEP, MEMP and QRE were added to the sector, dropping the influence of zero distribution paying CEP had on the sector average. Due to those distortions, the month end yield history on LINE is also included below as a representative of sector yields for each time period.


Historical LINE Month-End Yields:

Jan 09: 15.47% Feb: 16.79% Mar: 16.91% April: 15.24% May: 12.76% June: 12.88%
July 09: 11.26% Aug: 11.84% Sept: 11.00% Oct : 10.29% Nov: 10.60% Dec: 9.04%
Jan 10: 9.68% Feb: 9.56% Mar: 9.80% April: 9.30% May: 10.30% June: 9.49%
July 10: 8.21% Aug: 8.84% Sept: 7.88% Oct : 7.75% Nov: 7.27% Dec: 7.04%
Jan 11: 6.67% Feb: 6.80% Mar: 6.78% April: 6.54% May: 6.79% June: 6.76%
July 11: 6.89% Aug: 7.29% Sept: 7.74% Oct : 7.13% Nov: 7.58% Dec: 7.28%
Jan 12: 7.25% Feb: 7.23% Mar: 7.23% April: 6.86% May: 8.16% June: 7.61%
July 12: 7.32% Aug: 7.29% Sept: 7.03% Oct : 6.89% Nov: 7.32% Dec: 8.23%
Jan 13: Feb: Mar: April: May: June: 8.74%
July 13: 10.72% Aug: 12.02% Sept: 11.60% Oct : 10.47% Nov: 9.53% Dec: 9.42%
Jan 14: 8.84% Feb: Mar: April: May: June: 8.74%