MLP Stats 12-31-13
Jan. 03, 2014 8:17 PM ET1 Comment
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I seek to liberate investors from the chains of borrowed opinions by teaching metric awareness that leads to the formation of your own opinions. I am a retail investor that gathers, processes and analyzes significantly more data than average. I share that data in my articles. I let the data do the talking. I am only taking dictation as the data tells its message.
Yields are based on the Q4-13 distribution. Under the 'year to date' header, the change in the distribution is actually the change since Q4-13 - or the change over the last twelve months. The change in the target, EPS, DCF and CAGR is the percentage change in the consensus 2013 projection that has happened since the beginning of the year.
| Current | Distrib/ | Q4 Dist | Dist/dcf | Dist/dcf | Year-to-Date Percent Change | |||||||||
| Price | Quarter | Yield | 2013 | 2014 | Price | Pr+Dist | EPS | Target | DCF | Dist* | cagr | |||
| Access | ACMP | 56.58 | 0.5350 | 3.78 | 79.85 | 67.72 | 68.69 | 75.07 | -24.85 | 45.96 | 12.61 | 22.99 | 6.67 | |
| American | AMID | 27.08 | 0.4525 | 6.68 | 125.69 | 80.09 | 98.53 | 111.80 | -84.85 | 13.64 | -30.77 | 4.62 | 50.00 | |
| Atlas Pipelines | APL | 35.05 | 0.6200 | 7.08 | 99.20 | 82.12 | 11.02 | 18.88 | -97.19 | 3.75 | -18.83 | 8.77 | -1.09 | |
| BlueKnight | BKEP | 8.51 | 0.1225 | 5.76 | 70.00 | 47.57 | 29.33 | 36.78 | 32.26 | 14.29 | -17.65 | 8.89 | -5.56 | |
| Buckeye | BPL | 71.01 | 1.0750 | 6.06 | 98.62 | 89.58 | 56.38 | 65.84 | -2.73 | 28.07 | 0.69 | 3.61 | 122.22 | |
| Boardwalk | BWP | 25.52 | 0.5325 | 8.35 | 104.93 | 104.93 | 2.49 | 11.04 | -19.05 | 1.58 | -10.18 | 0.00 | -28.57 | |
| Crestwood | CMLP | 24.89 | 0.4050 | 6.51 | 86.63 | 80.60 | 15.61 | 23.13 | -84.76 | -4.24 | -15.00 | 6.58 | 11.11 | |
| DCP Partners | DPM | 50.35 | 0.7200 | 5.72 | 101.05 | 86.23 | 20.60 | 27.50 | -16.36 | 12.45 | -11.49 | 5.88 | 6.35 | |
| El Paso | EPB | 36.00 | 0.6500 | 7.22 | 99.62 | 95.59 | -2.62 | 4.41 | -12.09 | -1.47 | -5.43 | 12.07 | -71.43 | |
| Enbridge | EEP | 29.87 | 0.5435 | 7.28 | 118.15 | 97.93 | 7.06 | 14.85 | -41.54 | -2.65 | -17.12 | 0.00 | -10.00 | |
| Enterprise | EPD | 66.30 | 0.6900 | 4.16 | 71.88 | 67.81 | 32.39 | 37.90 | 4.46 | 18.58 | 2.67 | 6.15 | 11.67 | |
| Energy Trans | ETP | 57.25 | 0.9050 | 6.32 | 90.50 | 78.87 | 33.36 | 41.79 | 19.39 | 21.06 | 2.04 | 1.26 | 16.67 | |
| EQT Mdstrm | EQM | 58.79 | 0.4300 | 2.93 | 67.98 | 53.92 | 88.73 | 94.25 | 5.00 | 19.64 | 1.20 | 22.86 | na | |
| Exterran | EXLP | 30.23 | 0.5275 | 6.98 | 77.29 | 79.03 | 49.14 | 59.55 | 62.82 | 18.60 | 5.81 | 3.94 | -25.00 | |
| Genesis | GEL | 52.57 | 0.5225 | 3.98 | 85.66 | 70.37 | 47.17 | 53.02 | -21.05 | 48.90 | 0.00 | 10.58 | 24.29 | |
| Holly | HEP | 32.33 | 0.4925 | 6.09 | 93.81 | 89.14 | -1.70 | 4.29 | -35.33 | -2.03 | -4.55 | 6.49 | 15.38 | |
| Kinder Morgan | KMP | 80.66 | 1.3500 | 6.69 | 100.93 | 94.41 | 1.09 | 7.86 | -3.19 | 0.36 | -5.31 | 7.14 | 0.00 | |
| Magellan | MMP | 63.27 | 0.5575 | 3.52 | 82.59 | 75.34 | 46.49 | 51.66 | 13.57 | 35.41 | 9.31 | 14.95 | 3.53 | |
| Mark West | MWE | 66.13 | 0.8500 | 5.14 | 93.41 | 72.03 | 29.64 | 36.31 | -63.43 | 29.29 | -15.35 | 4.94 | -2.25 | |
| Targa | NGLS | 52.30 | 0.7325 | 5.60 | 102.45 | 85.42 | 39.91 | 47.75 | -32.33 | 18.86 | -16.37 | 10.57 | -13.75 | |
| NuStar | NS | 50.99 | 1.0950 | 8.59 | 132.33 | 114.36 | 20.03 | 30.34 | -49.77 | -1.98 | -19.27 | 0.00 | -25.00 | |
| OneOK | OKS | 52.65 | 0.7250 | 5.51 | 99.32 | 87.35 | -2.48 | 2.89 | -15.02 | -9.44 | -9.60 | 5.84 | -18.29 | |
| Plains All-Am | PAA | 51.77 | 0.6000 | 4.64 | 73.62 | 71.64 | 14.43 | 19.74 | 13.33 | 21.08 | 9.03 | 10.60 | 41.67 | |
| Regency | RGP | 26.26 | 0.4700 | 7.16 | 96.91 | 88.68 | 21.13 | 29.80 | -31.82 | 11.57 | -3.96 | 2.17 | -16.67 | |
| Spectra | SEP | 45.35 | 0.5163 | 4.55 | 98.34 | 73.49 | 45.21 | 51.83 | 1.20 | 37.68 | -1.41 | 5.37 | 61.90 | |
| Sunco | SXL | 75.48 | 0.6300 | 3.34 | 55.38 | 54.08 | 51.78 | 56.85 | -0.88 | 33.40 | 34.22 | 21.74 | 30.88 | |
| TCPipelines | TCP | 48.43 | 0.8100 | 6.69 | 89.26 | 89.26 | 20.00 | 28.02 | -15.04 | 7.88 | 0.28 | 3.85 | -11.76 | |
| Transmontaigne | TLP | 42.50 | 0.6500 | 6.12 | 74.29 | 72.22 | 11.93 | 18.78 | -30.15 | 20.37 | -1.41 | 1.56 | 3.45 | |
| Western | WES | 61.69 | 0.5800 | 3.76 | 93.17 | 76.57 | 29.52 | 34.39 | -6.08 | 28.96 | -14.14 | 16.00 | 3.33 | |
| Williams | WPZ | 50.86 | 0.8775 | 6.90 | 110.38 | 99.15 | 4.52 | 11.73 | -32.66 | -7.38 | -16.75 | 8.67 | -16.92 | |
| Cross-Tex | XTEX | 27.60 | 0.3300 | 4.78 | 94.29 | 83.54 | 89.69 | 98.76 | 0.00 | 68.24 | -35.48 | 0.00 | 41.67 | |
| Pipeline Average | 5.74 | 92.50 | 80.94 | 31.58 | 38.93 | -18.33 | 17.11 | 11.22 | 7.68 | |||||
| Shipping | ||||||||||||||
| Navios | NMM | 19.12 | 0.4425 | 9.26 | 101.14 | 121.23 | 55.70 | 70.11 | -10.53 | 17.63 | 6.06 | 0.00 | 0.00 | |
| Martin | MMLP | 42.80 | 0.7825 | 7.31 | 95.43 | 88.67 | 37.80 | 47.88 | -25.00 | 33.51 | -4.09 | 1.62 | 6.45 | |
| TeeKay | TGP | 42.71 | 0.6750 | 6.32 | 93.43 | 95.74 | 13.05 | 20.20 | -1.35 | 6.70 | -6.17 | 0.00 | -60.00 | |
| Shipping Average | 7.63 | 93.52 | 35.52 | 46.06 | -12.29 | 19.28 | ||||||||
| MidStream Average | 5.91 | 92.87 | 82.78 | 31.93 | 39.56 | -17.79 | 17.30 | |||||||
| The (price change only) Alerian MLP index [the ^AMZ - which includes other MLP sectors] is 20.44% year to date. | ||||||||||||||
| The Alerian MLP index ETN AMJ is 20.51% and with dividends is 26.21%. | ||||||||||||||
| The S&P500 index ETF SPY is 29.69% and with dividends is 32.04%. | ||||||||||||||
| The Russell 2000 index ETF IWM is 36.81% and with dividend is 38.49%. | ||||||||||||||
| With the 10yr Treasury @ 3.03% & the sector average yield [on Q4 distrib's] at 5.91% - the spread is 288 bps. | ||||||||||||||
| With the JNK yielding 5.92% - spread to the Lehman U.S. High Yield Index is -1 bps. | ||||||||||||||
| With the HYG yielding 5.79% - the spread to the iBOXX High Yield Index is 11 bps. | ||||||||||||||
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