CNXM News and Press, CNX Midstream Partners LP representing limited partner interests From 06/01/20

It was a short week with not much news, so midstream and MLPs followed the broad equity market higher. The melt-up of the broader equity market continued, supported by stimulus and optimism that permeated the markets for most of the week as areas of the country opened back up. I still can't ...

The midstream/MLP space has always been about yield (setting aside recent talk about free cash flow, enterprise value multiples and buybacks) - and it always will be, Wells Fargo says. More news on: Crestwood Equity Partners LP, Energy Transfer LP, Oasis Midstream Partners LP, Energy stock...

COVID-19 challenges result in numerous sequential dividend cuts for midstream. The pie charts below show the quarter-over-quarter (Q/Q) changes to distributions/dividends for the constituents of the Alerian MLP Index (AMZ), Alerian MLP Infrastructure Index (AMZI), and Alerian Midstrea...

CNX Resources ( CNX ) gave a "poster child" demonstration as to how to manipulate free cash flow. Since there is no uniform standard of free cash flow, management felt free to dump in a lot of one time items to raise that free cash flow to the standards of Mr. Market. Today that got the applau...

The May MLP Monthly Report can be found here offering insights on MLP industry news, the asset class's performance, yields, valuations, and fundamental drivers. Summary News: 1) Certain midstream companies were forced to cut distributions this quarter due to the challenging macro env...

Moving into the late stages of 1Q20 earnings season for midstream, financial guidance updates have varied, but the overall outlook for midstream has been much better than other energy sectors, which have seen analysts' forward EBITDA estimates for 2020 and 2021 nearly halved ( read more ). Mid...

Article Thesis We recently looked at what buybacks mean for a stock and its future performance, and in a similar way, we will take a closer look at what insider buying activity, as well as insider selling, mean for a stock's performance. CNX Resources ( CNX ) and CNX Midstream ( CNXM ) ...

Midstream and MLPs ran their streak of positive weeks to 5, this time trading up with oil prices even as the broader equity market and utilities were negative. Late in the week, the market threw a couple of pails of cold water on the risk-on euphoria, sending midstream and MLPs lower Thursday ...

Given most midstream dividends for 1Q20 have now been announced, today's piece discusses how payouts are trending amid a challenging macro environment for energy. While there have been a number of dividend cuts to date, the majority of constituents by weighting in both the Alerian MLP Infrastr...

CNX Midstream ( CNXM ) is a "captive" division of CNX Resources ( CNX ). The attraction to investors was the low leverage and the well-covered dividend. Unfortunately, for the shareholders of CNX Midstream, CNX Resources management made a grab for both in the process of raising badly needed ca...