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Summary Recent U.S. legislation alters the trajectory of GHG emissions and expands the opportunity set for midstream issuers. The bill enhances and expands the incentives for a diverse array of investments, enabling decarbonization across the U.S. economy. The strength of IRA ...
Summary Oil prices have seen three straight months of price declines and are down more than 30% from their relative high in June, but energy stocks have been relatively resilient, particularly MLPs. Much of the weakness in oil prices has been driven by demand concerns related to t...
Summary Following the hawkish comments from Jackson Hole, it seems like the dynamic seen for much of 2022 is set to continue. Less sensitivity to interest rates may also work in energy’s favor. Positive changes in recent years to the financial positioning of midstream c...
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...
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...
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...
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...
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First Trust MLP and Energy Income Fund of Beneficial Interest Company Name:
FEI Stock Symbol:
NYSE Market:
First Trust Advisors L.P. (“FTA”) announced today that the mergers of First Trust Energy Income and Growth Fund (NYSE American: FEN), First Trust MLP and Energy Income Fund (NYSE: FEI), First Trust New Opportunities MLP & Energy Fund (NYSE: FPL), and First Trust Energy Infrastru...
First Trust Advisors L.P. (“FTA”) announced today that the mergers of First Trust Energy Income and Growth Fund (NYSE American: FEN), First Trust MLP and Energy Income Fund (NYSE: FEI), First Trust New Opportunities MLP & Energy Fund (NYSE: FPL) and First Trust Energy Infrastruc...
2024-03-12 10:18:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...