EINC News and Press, VanEck Vectors High Income MLP ETF From 09/07/22

Summary With free cash flow generation becoming more meaningful since 2020, many companies have used excess cash flow to reduce debt, while EBITDA growth has also contributed to lower leverage ratios. With improved balance sheets, midstream companies have been able to execute on d...

A dozen energy infrastructure companies spent a combined $1.4 billion on equity repurchases in 2Q22. Four names spent $100+ million in the quarter led by Cheniere Energy (LNG). Constituents with buyback programs account for over 75% of the Alerian Midstream Energy Index (AMNA) by weig...

Last quarter, we discussed the ongoing trends of sticky inflation and a hawkish Federal Reserve. These trends accelerated in Q2 as the U.S. Consumer Price Index rose again to 9.1% in June. Equity volatility remains elevated, but strategies such as covered calls can offer compelling op...

Summit Midstream Partners continues to see its debt dwarf its market capitalization as its share price struggles to perform. The company continues to generate substantial DCF; however, it continues to struggle to pay down debt. EBITDA growth can generate stronger DCF growth given ...

Midstream dividend trends remained positive for 2Q22, with a few examples of growth and no cuts. Comparing 2Q22 payouts with 2Q21, more than 80% of the Alerian Midstream Energy Index (AMNA) and Alerian MLP Index (AMZ) by weighting have grown their payouts. Combining the strong yea...

Oneok has a respectable portfolio of NGL assets well positioned in some of the highest margin markets in the country. The company's substantial spare capacity represents a low cost potential source of growth. We expect the company to maintain its dividend yield of just over 6%, wi...

The Permian’s abundant resources, favorable economics, established infrastructure, and relative proximity to end markets will result in continued volume growth. While some of the largest public Permian producers are only growing modestly, the integrated majors and private explo...

Enbridge has invested in its first LNG plant for more than $1 billion while adding additional midstream opportunities. The company has continued to invest heavily against its business priorities and is one of the largest investors in the renewable industry. Enbridge has a massive ...

AMCC includes midstream companies based in the US and Canada that are taxed as corporations. AMZ and AMCC index-level data is useful for making generalizations about MLPs and corporations as a group. AMZ and AMCC also differ in their subsector exposure, with the MLP index providin...

OPEC+ sticks to its planned oil output hike of 648,000 bpd in August and averted discussing its production plans for September even as oil prices soared due to tight global supplies. Williams reached a final investment decision on its clean energy project, the Louisiana Energy Gateway...