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Company overview Altus Midstream ( ALTM ) is a midstream company with a C-Corp structure. This structure avoids the typical IDR overhang (incentive distribution rights give a General Partner an increasing share of the distributions), common in MLPs. The company was founded in November 2018 b...
Compression Misconception There's seems to be a general misconception about the compression leasing business and how it works. In particular people don't seem to understand how significantly it differs from the rest of the energy services industry. First, the major demand driver for compre...
Risk was definitively off this week across energy stocks, commodities and the broader stock market. Naturally, utilities and REITs caught a bid, and midstream did not. Within midstream, Canada held up well and helped AMNA outperform the AMZ and AMUS. Despite MLPs posting their second worst wee...
Energy companies have drilled so many new wells into the Permian Basin in recent years that it has unleashed a torrent of oil and gas supplies. This gusher has overwhelmed the region's infrastructure, which pushed down prices. Natural gas has been especially hard hit, with prices at two reg...
Kinder Morgan (NYSE: KMI ) says its 448-mile Gulf Coast Express Pipeline from the Permian Basin to the Texas Gulf Coast will be placed into service tomorrow , ahead of schedule. More news on: Kinder Morgan, Inc., Altus Midstream Company, DCP Midstream, LP, Energy stocks news, Rea...
Midstream stocks traded up amid a strong backdrop for energy stocks and for income stocks. Oil prices spiked, then settled down, finishing up more than 5% on the week. Interest rates dropped 18 bps on the week, pushing utilities to new heights and providing a tailwind for midstream stocks. The...
Midstream stocks outpaced the S&P 500 and utilities this week in the face of falling oil prices and rising interest rates. MLPs were the best performers within midstream, benefiting from the "value rally" and also from Friday's MLP index re-balance announcement that essentially spreads aro...
Image Courtesy: Reuters - Permian Basin. Investment Thesis The Houston-based Apache Corp. ( APA ) owns oil and gas assets in three different regions and has earned $856 million in consolidated operating cash flow from operations during the second quarter of 2019. Oil and Gas revenues come ...
It was a short, but steady week for midstream, helped by strong Canadian midstream performance that more than offset weakness from MLPs. Midstream stocks underperformed utilities and the S&P 500, both of which finished the week up 18.8% YTD on a price basis. On the macro, a sub-50 ISM numb...
Midstream broke out of its 6-week slump this week, helped by a private equity bid lobbed in Tuesday night, but also helped by risk-on broad market action and rebounding commodity prices. Even with a 30% gain from a 3.5% weight in the AMZ, the AMNA with less than 1% weight in that same name, ...
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Arcadium Lithium Announces Date for Second Quarter 2024 Earnings Release and Webcast Conference Call PR Newswire PHILADELPHIA and PERTH, Australia , July 11, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium") today announced ...