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MLP Midstream YTD Stats 4-11-14

MLP Midstream 04-11-14

Yields are based on the Q1-14 distribution. Under the 'year to date' header, the change in the distribution is actually the change since Q1-13 - or the change over the last twelve months. The change in the target, EPS, DCF and CAGR is the percentage change in the consensus 2014 projection that has happened since the beginning of the year.


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

Access (NYSE:ACMP) 57.87 0.5550 3.84 66.27 60.99 2.28 3.26 6.21 9.75 4.04 23.33 0.00
American (NYSE:AMID) 26.25 0.4525 6.90 91.88 77.35 -3.06 -1.39 0.00 7.32 -4.83 4.62 33.33
Atlas Pipelines (NYSE:APL) 32.60 0.6200 7.61 84.93 82.39 -6.99 -5.22 -83.81 -14.46 -1.02 6.90 0.00
BlueKnight (NASDAQ:BKEP) 8.91 0.1264 5.67 49.57 50.56 4.70 6.19 -35.85 0.00 -0.97 9.91 0.00
Buckeye (NYSE:BPL) 77.23 1.0875 5.63 94.57 86.14 8.76 10.29 1.08 5.48 -2.13 4.82 20.00
Boardwalk (NYSE:BWP) 13.92 0.1000 2.87 22.47 21.98 -45.45 -45.06 -31.40 -49.24 -10.10 -81.22 0.00
Crestwood (NYSE:CMLP) 23.44 0.4100 7.00 90.11 80.39 -5.83 -4.18 12.50 -3.60 -1.62 6.49 16.67
DCP Partners (NYSE:DPM) 52.25 0.7325 5.61 88.25 78.55 3.77 5.23 -4.58 1.82 0.91 6.16 0.00
El Paso (NYSE:EPB) 31.86 0.6500 8.16 101.56 95.59 -11.50 -9.69 -16.99 -10.41 -0.78 6.56 8.70
Enbridge (NYSE:EEP) 28.97 0.5435 7.50 106.05 104.52 -3.01 -1.19 -16.07 -3.00 -3.30 0.00 0.00
Enterprise (NYSE:EPD) 72.17 0.7000 3.88 67.63 63.64 8.85 9.91 3.02 5.96 -0.24 6.06 0.00
Energy Trans (NYSE:ETP) 55.00 0.9200 6.69 79.14 85.78 -3.93 -2.32 6.17 1.45 -0.85 2.94 8.11
EQT Mdstrm (NYSE:EQM) 71.03 0.4600 2.59 57.86 49.86 20.82 21.60 1.91 20.06 2.58 31.43 1.05
Exterran (EXLP) 29.97 0.5325 7.11 81.61 89.87 -0.86 0.90 -17.46 7.00 0.00 3.90 0.00
Genesis (NYSE:GEL) 54.27 0.5350 3.94 81.99 63.88 3.23 4.25 -10.16 1.99 -11.22 10.31 0.00
Holly (NYSE:HEP) 31.06 0.5000 6.44 90.09 81.97 -3.93 -2.38 -1.69 -0.59 1.37 6.38 0.00
Kinder Morgan (NYSE:KMP) 77.68 1.3600 7.00 94.12 93.15 -3.69 -2.01 2.57 -3.66 0.87 5.43 -31.91
Magellan (NYSE:MMP) 73.51 0.5850 3.18 75.24 66.10 16.18 17.11 3.96 20.57 1.30 17.00 2.27
Mark West (NYSE:MWE) 63.87 0.8600 5.39 81.13 74.14 -3.42 -2.12 -24.69 -7.20 -2.30 4.88 -19.54
Targa (NYSE:NGLS) 60.08 0.7475 4.98 80.81 76.28 14.88 16.30 17.22 7.18 5.41 9.93 0.00
NuStar (NYSE:NS) 54.81 1.0950 7.99 113.77 98.87 7.49 9.64 3.76 12.23 1.05 0.00 0.00
OneOK (NYSE:OKS) 55.45 0.7300 5.27 90.68 77.87 5.32 6.70 2.97 1.37 -3.59 2.82 0.00
Oil Tanking (NYSE:OILT) 75.60 0.4700 2.49 54.34 51.37 21.80 22.56 -4.61 14.60 22.70 20.51 16.88
Plains All-Am (NYSE:PAA) 55.19 0.6150 4.46 82.27 77.36 6.61 7.79 -8.24 0.97 -4.47 9.33 0.00
Regency (NYSE:RGP) 26.55 0.4750 7.16 94.53 85.20 1.10 2.91 1.92 0.69 -2.90 3.26 25.00
Spectra (NYSE:SEP) 49.57 0.5463 4.41 83.40 82.46 9.31 10.51 0.00 1.52 1.55 10.36 0.00
Sunco (NYSE:SXL) 87.85 0.6625 3.02 58.37 53.00 16.39 17.27 -4.33 13.60 -1.52 21.56 1.12
TCPipelines (NYSE:TCP) 51.19 0.8100 6.33 87.10 83.29 5.70 7.37 0.86 -0.37 0.54 3.85 0.00
Tesoro (NYSE:TLLP) 62.00 0.5650 3.65 76.61 69.97 18.46 19.54 -13.08 3.41 -3.91 19.70 0.00
Transmontaigne (NYSE:TLP) 44.09 0.6500 5.90 69.52 75.14 3.74 5.27 0.90 0.00 6.86 1.56 0.00
Western (NYSE:WES) 67.76 0.6000 3.54 77.67 69.16 9.84 10.81 -3.03 3.42 1.31 15.38 0.00
Williams (NYSE:WPZ) 51.35 0.8925 6.95 97.01 93.46 0.96 2.72 -1.40 -2.43 3.08 7.85 0.00
Cross-Tex (XTEX) 30.32 0.3600 4.75 92.31 78.69 9.86 11.16 -23.91 19.25 -0.64 9.09 0.00

Pipeline Average     5.39 80.69 75.12 3.28 4.68 -7.16 1.96 3.33 6.40  
Shipping
Navios (NYSE:NMM) 18.15 0.4425 9.75 104.12 98.33 -5.07 -2.76 -2.74 8.21 -2.86 0.00 0.00
Martin (NASDAQ:MMLP) 41.91 0.7850 7.49 90.23 73.02 -2.08 -0.25 -3.75 -0.90 0.00 1.95 0.00
TeeKay (NYSE:TGP) 43.17 0.6918 6.41 93.49 80.44 1.08 2.70 6.07 -1.07 0.34 2.49 0.00

Shipping Average     7.88 98.02   -2.03 -0.10 -0.14 2.08    

MidStream Average   5.60 81.96 75.85 2.84 4.28 -6.57 1.97    

The (price change only) Alerian MLP index [the ^AMZ - which includes other MLP sectors] is 2.76% year to date.
The Alerian MLP index ETN AMJ is 2.57% and with dividends is 3.79%.
The S&P500 index ETF SPY is -1.72% and with dividends is -1.28%.
The Russell 2000 index ETF IWM is -0.75% and with dividend is -0.49%.
With the 10yr Treasury @ 2.62% & the sector average yield [on Q1 distrib's] at 5.6% - the spread is 298 bps.
With the JNK yielding 5.80% - spread to the Lehman U.S. High Yield Index is -20 bps.
With the HYG yielding 5.81% - the spread to the iBOXX High Yield Index is -21 bps.