New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 10, 2013
08:00 EDTPAA, PAA, RGP, RGP, SUSP, SUSP, LINE, LINE, ARP, ARP, MMLP, MMLP, NGLS, NGLS, MMP, MMP, APL, APL, ACMP, ACMP, MWE, MWE, EPD, EPDWells Fargo to hold a symposium
2013 Energy Symposium is being held in New York on December 10-11 with webcasted company presentations to begin on December 10 at 8:05 am; not all company presentations may be webcasted. Webcast Link
News For EPD;MWE;ACMP;APL;MMP;NGLS;MMLP;ARP;LINE;SUSP;RGP;PAA From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
February 5, 2016
08:10 EDTLINELINN Energy downgraded to Underperform at Raymond James
Subscribe for More Information
07:57 EDTLINELinnCo downgraded to Sell from Hold at Stifel
Stifel downgraded LinnCo (LNCO) to Sell after it downgraded the shares of its subsidiary, Linn Energy LLC (LINE) , to Sell.
07:55 EDTLINELINN Energy downgraded to Sell from Hold at Stifel
Subscribe for More Information
07:05 EDTLINELINN Energy downgraded to Sell from Neutral at Ladenburg
Subscribe for More Information
06:19 EDTLINELINN Energy downgraded to Underperform from Market Perform at Raymond James
February 4, 2016
19:49 EDTLINELINN Energy to explore strategic alternatives, draws remaining credit facility
LINN Energy (LINE) and LinnCo (LNCO) announced earlier that LINN has initiated a process to explore strategic alternatives to "strengthen its balance sheet and maximize the value of the company." CEO Mark Ellis commented, "Given commodity pricing pressure and the impact that market challenges are expected to have on our industry and the long-term financial outlook of our company, we believe it is prudent to explore opportunities to strengthen our balance sheet and ensure we have adequate financial flexibility to manage through prolonged commodity price headwinds... We currently have adequate resources to continue the efficient operations of our assets with the support of all our vendors, suppliers and partners while we work through these strategic alternatives." The company disclosed that it recently borrowed approximately $919M from its credit facility, which represented the remaining undrawn amount that was available.
08:34 EDTMMPMagellan Midstream committed to goal of increasing cash distribution by 10%
Management remains committed to its goal of increasing annual cash distributions by 10% for 2016 and currently expects to generate annual DCF of $900 million in 2016, resulting in 1.2 times the amount needed to pay cash distributions for 2016. Current DCF guidance assumes an average crude oil price of approximately $35 per barrel for 2016, with each $1 change in the price of crude oil estimated to impact Magellan's 2016 financial results by approximately $3 million, primarily related to the partnership's butane blending activities and the value of its pipeline tender deductions and product overages. Management is targeting annual distribution growth of at least 8% for 2017 while maintaining distribution coverage of at least 1.2 times the amount needed to pay cash distributions for 2017. Distribution growth guidance specific to 2017 has not been provided previously.
08:34 EDTMMPMagellan Midstream sees FY16 EPS $3.20, consensus $3.67
08:34 EDTMMPMagellan Midstream sees Q1 EPS 70c, consensus 87c
Subscribe for More Information
08:33 EDTMMPMagellan Midstream to spend $800M in 2016 to complete construction projects
Subscribe for More Information
08:32 EDTMMPMagellan Midstream reports Q4 DCF $256.9M
Subscribe for More Information
08:32 EDTMMPMagellan Midstream reports Q4 non-GAAP EPS 86c, consensus 91c
Subscribe for More Information
February 2, 2016
06:53 EDTPAAPBF Logistics acquires four east-coast refined terminal from Plains All American
Subscribe for More Information
February 1, 2016
18:21 EDTNGLSTarga Resources' acquisition of Targa Resources Partners receives recommendation
Targa Resources (TRGP) announced that three proxy voting advisory firms, Institutional Shareholder Services, Glass, Lewis & Co. and Egan-Jones Proxy Services, have recommended that their clients vote in favor of the proposals related to TRC acquiring all of the outstanding common units of Targa Resources Partners (NGLS) that it does not already own. The Board of Directors of TRC, the Conflicts Committee of the Board of Directors of the general partner of TRP and the Board of Directors of the General Partner of TRP unanimously approved the merger agreement. Special meetings for TRC stockholders and TRP common unitholders will be held on February 12. Subject to the voting approvals, and certain other customary closing conditions, the merger is expected to close on February 17.
17:50 EDTMMP, PAABridgeTex Pipeline extends open season to Feb 15 for new Eaglebine origin
Subscribe for More Information
January 28, 2016
06:07 EDTEPDEnterprise Products expects to invest $2.5B-$2.8B for growth projects in 2016
Subscribe for More Information
06:06 EDTEPDEnterprise Products: Q4 NGL Pipelines & Services segment gross margin up 4%
Subscribe for More Information
06:05 EDTEPDEnterprise Products retained $302M of distributable cash flow for Q4
Subscribe for More Information
06:04 EDTEPDEnterprise Products reports Q4 EPS 34c, consensus 34c
Reports Q4 revenue $6.16B, consensus $8.01B.
January 26, 2016
16:19 EDTMMPMagellan Midstream increases dividend 3% to 78.5c
Magellan Midstream Partners has increased the partnership's quarterly cash distribution to 78.5c per unit for the period October 1 through December 31, 2015, representing the 55th distribution increase since its initial public offering in 2001. Q4 distribution is 13% higher than the Q4 FY14 distribution of 69.5c per unit and represents a 3% increase over the Q3 distribution of 76.25c.
1 | 2 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use