SEMG - MLPs: A Quiet Place
It was a quiet week across the market. Midstream, MLPs, utilities, the S&P 500 and oil prices were all plus or minus less than 1%. Midstream earnings season re-starts this week after a pause for the Kinder Morgan (KMI) analyst day last week. Enterprise Products Partners (EPD), Magellan Midstream Partners (MMP), Tallgrass Energy LP (TGE) and a few others report 4Q results late in the week. Expectations have come down with lower commodity prices since 3Q results, but Midstream results should still show progress on cash flow growth, self-funding and de-leveraging initiatives.
Midstream's bounce off