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ENP, NRGY and EVEP

Three of my favorite MLP's came through!

ENP released earnings and distribution information on 10/27 and pleased its shareholders with a nice distribution increase. The distribution for the present quarter was raised from $0.513 to $0.5375, or 4.8%. Distributable cash flow was $34.4 million and the distribution coverage ratio rose to 1.40. Hard to complain about these type results in today's economy.

NRGY, while not scheduled to release earnings until 11/30 announced its 32nd consecutive quarterly distribution increase. The distribution was increased from $0.665 to $0.675, or 6.3% above the same quarter last year.

EVEP on 10/27 announced a quarterly distribution of $0.754, only a marginable increase ($0.001) over the previous quarter. However, at today's price of $24.36, this represents an annualized yield of 12.38%. EVEP continues to rate high among the exploration and production MLP's.

Keep your eyes on these, as with oil and NG having the potentials to continue to rise, they are money in the bank.

Disclosure: I am long ENP, NRGY and EVEP.