OKE - Pipeline Earnings Good; Investors Skeptical
We’re in the middle of earnings season, and last week several companies provided 1Q reports. The energy sector continues to struggle to excite investors. Although pipelines stocks delivered very strong performance through March, in recent weeks investors have started to question the rally’s resilience.
As a result, sentiment could use a boost from strong earnings. Of the companies we follow, results so far have been at or ahead of expectations. Enterprise Products Partners (EPD) generated almost $2BN in EBITDA during 1Q19, handily beating forecasts. On the earnings call they discussed the conversion of