TGE - Insights At A Glance: Updating MLP Yield Scenario Analysis And Midstream Insider Buying
By Bryce Bingham
Since our initial stress test of the Alerian MLP Infrastructure Index’s (AMZI) yield (read more), the index underwent its quarterly rebalancing with related constituent changes, and a few MLPs announced distribution cuts. In terms of constituent changes, Holly Energy Partners ([[HEP]]) and CNX Midstream ([[CNXM]]) were added to the index, while Tallgrass Energy ([[TGE]]) was removed. The chart below incorporates1 recently announced 50% distribution cuts from DCP Midstream ([[DCP]]) and EnLink Midstream ([[ENLC]]) and the 73% cut from Noble Midstream Partners ([[NBLX]]). The scenario analyses assume distribution cuts