BPMP - BP Midstream Partners: A 12% Distribution Yield With A Solid Base For Growth
- BP Midstream Partners has once again sustained their very high distribution yield of 12% by producing resilient financial results.
- They have strong distribution coverage, low leverage, and very strong liquidity, which all work together to provide a solid base for potential growth.
- Whether this will eventuate largely depends upon their parent, BP, who is currently undertaking an eco-friendly transition from being an oil and gas supermajor to an integrated energy company.
- Thankfully, the Whiting Refinery and offshore Gulf of Mexico oil and gas production will still sit in the core of their portfolio and, thus, support BP Midstream Partners.
- Whether this leads to growth remains unknown at the moment, but they are still worthy of a bullish rating due to their very high and sustainable distribution yield.
For further details see:
BP Midstream Partners: A 12% Distribution Yield With A Solid Base For Growth