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EPD - Hess Midstream Partners LP: 15% Distribution Growth In 2019 No Debt 6.7% Yield 122% Coverage
Enterprise Products Partners L.P.
"The times, they are a changin'" wrote Bob Dylan, some 55 years ago. You could apply that to recent changes in the midstream energy space during the past 2-plus years.
Led by veteran firms like Enterprise Products Partners LP (EPD), some midstream companies have been adopting a "self-funding" approach to their growth projects, via retaining a portion of their cash flow to fund growth projects.
This is in sharp contrast to earlier times, when they'd just take on more debt, and/or issue more units in the market, to cover the costs of