KYN - MLP Distribution Coverage: How And Why It's Changed
While we recap distribution growth quarterly (2Q18 recap), two quarters have passed since we last discussed distribution coverage (click here). In today's post, we show historical quarterly coverage ratios for current constituents of the Alerian MLP Infrastructure Index (AMZI) for 4Q16 and the three most recent quarters. While the data shows improvement for the group, there are some nuances in the changes to coverage ratios for certain constituents, including improvement following distribution cuts or improvement due to the pursuit of equity self-funding. Others have seen coverage ratios decrease as their distributions