MLPG News and Press, UBS AG Jersey FR SP REDEEM 09/07/2040 USD 25 - 902641620 From 06/22/22

The strength in LNG markets has spurred a resurgence in long-term offtake agreements, which are key to advancing LNG export projects towards Final Investment Decision (FID). The strong macro environment for LNG and improved outlook for projects has translated into strong equity perfor...

The length of midstream contracts can vary from a few years to 20+ years, but importantly, contracts help support stable cash flows used to pay the attractive dividends offered by many energy infrastructure companies. Contract tenures vary by company and asset type. At the longer end ...

Midstream MLPs, as measured by the Solactive MLP Infrastructure Index, increased 7.64% last month. The index increased by 25.39% since last May. The current yield on MLPs stands at 6.93%. MLP yields remained higher than the broad market benchmarks for Emerging Market Bonds (6.32%), Fi...

Several companies across the energy infrastructure landscape were active with their repurchase programs in 1Q22, albeit at mostly modest amounts. Energy infrastructure companies repurchased $370 million of their equity in aggregate during the first quarter of 2022. Combining the l...

Crew Energy has increased production rapidly over the last couple of years, and growth will now take a pause. Margin improvement will occur from lower costs from process improvements and reduced debt exposure. The company sells at discount to peers in EV/EBITDA, P/FB, and reserves...

For the energy sector, several years of underperformance over the last decade left many investors on the sidelines. In a survey of financial advisors in December 2021, more than half of the respondents were underweight energy. Investors that have been underweight energy may be looking...

Fundamentals are tightening, with demand surprising to the upside while supplies lag behind. Total gas demand is now +9 Bcf/d y-o-y while supplies are only up ~3 Bcf/d. Implied deficit in the market has now increased to nearly ~4 Bcf/d. Natural gas is going higher. Stay long A...

Natural gas prices are likely to keep going higher. Demand is starting to surprise to the upside now, with power burn leading the charge. There's no gas-to-coal switching this year, as coal stockpiles remain low. Lower 48 gas production is stubbornly around ~94 to ~95 Bcf/d, s...

Midstream dividend trends remained positive for 1Q22 with no cuts across Alerian’s midstream indexes for the third straight quarter and several examples of growth, including a handful of names raising their quarterly payouts by double-digit percentages. On a year-over-year basi...

Midstream MLPs, as measured by the Solactive MLP Infrastructure Index, increased 0.29% last month. The Enterprise Value to EBITDA ratio (EV-to-EBITDA), which seeks to provide more color on the valuations of MLPs, decreased by 1.11% last month. The Baker Hughes Rig Count increased ...