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home / news releases / BP - BP Midstream Partners Can Afford A Distribution Increase

BP - BP Midstream Partners Can Afford A Distribution Increase

BP p.l.c.
  • BP Midstream Partners increased cash on the balance sheet in 2020 with no increase in debt and expects to do the same in 2021.
  • The partnership is being extra conservative coming out of the pandemic and could see an upside to this year's forecast.
  • BPMP is finally planning some growth capex which should deliver added cash for distribution in 2022.
  • The partnership gets no credit for its strong balance sheet and should trade at a higher valuation than peers like SHLX.

For further details see:

BP Midstream Partners Can Afford A Distribution Increase
Stock Information
Company Name: BP p.l.c.
Stock Symbol: BP
Market: NYSE
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