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Business Wire (Mar 4, 2014)
Business Wire (Mar 4, 2014)
Business Wire (Feb 28, 2014)
Business Wire (Feb 18, 2014)
Access Midstream Partners, L.P. Increases Distribution to $0.555 Per Unit for the 2013 Fourth QuarterBusiness Wire (Jan 28, 2014)
ACMP vs. ETF Alternatives
Saturday, Apr 128:25 AM
Saturday, Apr 128:25 AM| 129 Comments
- Ohio geologists for the first time have linked earthquake activity in the Marcellus Shale to fracking, a new connection that could have implications for oil and gas drilling in the state and beyond.
- As a result, Ohio is setting new permitting conditions in quake-sensitive areas and has halted drilling indefinitely at the site of five quakes last month in the Youngstown area.
- Earthquakes recently rattled residents in Oklahoma, putting that state on track for record quake activity this year, which some seismologists say may be tied to oil and gas exploration.
- Among companies drilling in the Marcellus and Utica shales: RRC, CHK, COG, ACMP, APC, ATLS, CVX, CNX, DTE, EOG, EQT, XCO, XOM, MWE, NBL, RGP, REXX, RICE, RDS.A, RDS.B,SWN, STO, SXL, TLM, WMB, WPX.
Monday, Mar 105:03 PM|Monday, Mar 105:03 PM| Comment!
Friday, Mar 712:11 PM
Friday, Mar 712:11 PM| Comment!
- Two energy investors presenting at Capital Link's MLP stress the desirability of crude oil and natural gas liquids over natural gas, and the importance of geographic diversity in suggesting six MLPs to buy now.
- Kyri Loupis, head of energy and infrastructure at Goldman Sachs, likes Oiltanking Partners (OILT), Lehigh Gas Partners (LGP) and EQT Midstream Partners (EQM) - smaller MLPs with strong growth prospects, healthy balance sheets and small distribution obligations to general partners.
- Dan Spears, a portfolio manager at Swank Capital, prefers larger pipeline players Access Midstream Partners (ACMP), Energy Transfer Equity (ETE) and NGL Energy Partners (NGL).
Monday, Mar 33:39 PM
Monday, Mar 33:39 PM| Comment!
- Access Midstream Partners (ACMP +1%) is upgraded to Buy from Hold with a $64 price target, raised from $56, at Wunderlich ahead of the MLP's May analyst day.
- The firm expects ACMP to provide solid guidance for 2016 EBITDA along with a continuation of 15% distribution growth, which should lead to consensus estimate revisions.
- While some MLPs under coverage have provided lower than expected growth outlooks, the firm thinks ACMP offers good visibility on 15%-plus growth through 2016 underpinned by its diverse asset base, contractual model and strong coverage/balance sheet.
Friday, Feb 289:11 AM
Friday, Feb 289:11 AM| 1 Comment
- Chesapeake Energy (CHK) announces two agreements to sell midstream compression assets for a combined $520M, as it continues to streamline its portfolio towards improving its balance sheet with "minimal impact" on 2014 cash flow guidance.
- Access Midstream Partners (ACMP) will purchase 103 compression units with a combined capacity of ~200K hp from CHK subsidiary MidCon Compression for $160M, and Exterran Partners (EXLP) will purchase 334 compression units with a combined capacity of ~440K hp for $360M.
- CHK +0.4% premarket.
Tuesday, Feb 184:12 PM|Tuesday, Feb 184:12 PM| Comment!
Tuesday, Feb 1812:10 AM
Monday, Feb 175:35 PM
Tuesday, Jan 73:59 PM
Tuesday, Jan 73:59 PM| Comment!
- Credit Suisse assumes coverage on Access Midstream Partners (ACMP +0.2%) with an Outperform rating and $63 price target as a best-in-class MLP with well-positioned assets, fully fee-based contracts, and a solid management team at the helm that should continue rewarding holders over the near and long term.
- The firm says ACMP is the best way to gain exposure to the Northeast, with the best line of sight especially compared to peers that have had to lower previously aggressive outlooks; units aren't cheap, but solid EBITDA/distribution growth to come for many years supports further upside.
Monday, Dec 302013, 3:53 AM
Monday, Dec 302013, 3:53 AM| 7 Comments
- Chesapeake Energy (CHK) is paying tens of millions of dollars in services it's not using and on other seemingly wasteful costs as a result of asset sales it made to plug a $25B hole in its finances.
- For example, as part of a number of deals to sell its pipeline business for over $4B last year, Chesapeake agreed to transport a certain amount of natural gas on lines that Access Midstream Partners (ACMP) now owns. The problem is that because Chesapeake is cutting back on drilling for new wells, the company isn't using the capacity it has reserved. It could now have to pay $400M to Access over the next five years to cover the shortfall.
Wednesday, Dec 42013, 3:29 PM
Wednesday, Dec 42013, 3:29 PM| Comment!
- Access Midstream Partners (ACMP -3.9%) is lower after the pipeline company priced its 6M-unit secondary public offering at $51.45 each, a 4.7% discount to yesterday's closing price.
- Separately, Wunderlich initiated coverage of ACMP with a Hold rating and a $56 price target; while the firm views ACMP's business model as best in class with limited downside risk and top-tier distribution growth, it believes these factors are adequately reflected in the current valuation.
Tuesday, Dec 32013, 5:38 PM
Tuesday, Dec 32013, 4:29 PM
Tuesday, Dec 32013, 4:29 PM| Comment!
- Access Midstream Partners (ACMP) -1.7% AH after announcing a secondary public offering of 6M common units representing limited partner interests owned by Global Infrastructure Partners II.
- ACMP will receive no proceeds from the offering, and the number of outstanding common units will remain unchanged.
Tuesday, Nov 122013, 2:58 PM
Tuesday, Nov 122013, 2:58 PM| 5 Comments
- Deutsche Bank's MLP analysts point to significant trends shown in Q3 reports it says indicate an improved outlook for the natural gas and MLP sectors; the annualized rate of dividend growth among the nat gas companies rose to 13.9% from ~12% earlier this year, and the MLPs’ annualized rate of distribution growth rose to 8.7% from 7%.
- The firm's top MLP names to buy: Enterprise Products Partners (EPD), Energy Transfer Partners (ETP), Kinder Morgan Partners (KMP), Plains All American Pipeline (PAA), Western Gas Partners (WES), Access Midstream Partners (ACMP).
Thursday, Oct 312013, 5:57 PM
Thursday, Oct 312013, 5:57 PM| 9 Comments
- MLPs face dangerous headwinds despite the U.S. energy production boom as borrowing coasts rise, Ned Davis Research says, so the firm unveils an MLP Bond Bear Survival Portfolio containing six recommended names with the ability to produce aggressive growth in distributions.
- MLPs with strong distribution growth in the next 12 months should outperform other MLPs by 15% per year, the report concludes.
- Magellan Midstream (MMP), Plains All American Pipeline (PAA) and Sunoco Logistics (SXL) boast the best overall traits, the report says, but Access Midstream (ACMP), Enterprise Products (EPD) and Williams Partners (WPZ) also make the grade.
Tuesday, Oct 292013, 4:28 PM|Tuesday, Oct 292013, 4:28 PM| Comment!
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