USA Compression Partners (USAC) : 6-year performance

USA Compression's business involves compressing natural gas to move it in pipelines, and since NG production continues to increase, so is demand for USAC's services.
USAC has never cut its super-high distribution, even in a challenging macro environment (in 2015/16), and continually improving metrics give great comfort that the 12% distribution is safe.

• Forward Dividend & Yield 2.10 (12.04%)
• Sector: Energy
• Industry: Oil & Gas Equipment & Services
• http://www.usacompression.com

 

The Energy Information Administration (EIA) - the source of the above graph and of extensive data on energy in the US and abroad - states that domestic NG production averaged 83 BCF (billion cubic feet) per day in 2018, and EIA projects that NG production will average 90 BCF/day in 2019 and 92 BCF/day in 2020 (an 11% increase in US NG production between 2018 and 2020).

Note that the 2 BCF/day growth in NG production expected between 2019 and 2020 is a marked deceleration from the torrid (and unsustainable) growth rate of the past two years.

Tallgrass Energy (TGE) increases quarterly dash dividend to $0.54/share from $0.53/share

Tallgrass Energy increases quarterly dash dividend to $0.54/share from $0.53/share

• Forward Dividend & Yield 2.06 (10.09%)

Shell Midstream Partners (SHLX) increases quarterly distribution to $0.333/unit

• Shell Midstream Partners increases quarterly distribution to $0.333/unit from $0.318/unit

 

Hess Midstream Partners (HESM) began trading on the NYSE on 5 April 2017

Hess Midstream Partners LP is a fee-based, growth-oriented traditional master limited partnership that owns, operates and develops midstream infrastructure assets.
Hess Midstream Partners LP, an MLP formed by Hess and GIP to own gathering/processing assets in the Bakken, raised $340 million by offering 14.8 million shares at $23, above the range of $19 to $21. The company had originally planned to sell 12.5 million shares before upsizing the deal.

• Headquarters: Houston, TX
• Founded: January 17, 2014
• Div/yield 0.31/5.82
• hessmidstream.com

Description

Hess Midstream Partners LP is a fee-based, traditional master limited partnership formed to own, operate, develop and acquire a set of midstream assets to provide services to Hess and third-party crude oil and natural gas producers. The Company's assets are primarily located in the Bakken and Three Forks shale plays in the Williston Basin area of North Dakota (collectively referred as the Bakken). It operates its business through three segments: gathering; processing and storage; and terminaling and export. The Company’s gathering business consisted of its 20% controlling economic interest in Gathering Opco, which owns North Dakota natural gas, natural gas liquids and crude oil gathering systems. The Company’s processing and storage business consisted of its 20% controlling economic interest in the Tioga Gas Plant and its 100% interest in the Mentor Storage Terminal. The Company’s terminaling and export business consisted of its 20% controlling economic interest in Logistics Opco.

Key stats and ratios

	Q3 (Sep '17)	2016
Net profit margin	52.15%	40.47%
Operating margin	52.42%	40.47%
EBITD margin	-	60.02%
Return on average assets	11.73%	8.37%
Return on average equity	11.60%	9.52%
Employees	186

Alon USA Partners (ALDW) started trading on the NYSE on 20 Nov 2012

Alon USA Partners, LP (ALDW) is a November 20th initial public offering (IPO) with a first year distribution yield of 26.2%.  The company is a recent spinoff from its parent, Alon USA Energy, Inc. (ALJ). The company is benefiting from robust refinery gross profit margins.

The underwriters have been granted a 30-day option to purchase up to an additional 1,500,000 common units. Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC and Citigroup are acting as joint book-running managers, Jefferies & Company, Inc. is acting as lead managing underwriter and Macquarie Capital (USA) Inc. and Tudor, Pickering, Holt & Co. Securities, Inc. are acting as co-managers.

***
Alon USA Partners, LP (Alon USA) owns and operates refining and petroleum products marketing business. Its integrated downstream business operates primarily in the South Central and Southwestern regions of the United States. It owns and operates a crude oil refinery in Big Spring, Texas with total throughput capacity of approximately 70,000 barrels per day. The crude oil pipelines the Company utilizes consist of the Amdel, White Oil, Mesa Interconnect, Centurion and Centurion Interconnect. Its Big Spring refinery produces ultra-low sulfur gasoline, ultra-low sulfur diesel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt and other petroleum products. During the year ended December 31, 2011 and the six months ended June 30, 2012, sour crude, such as West Texas Sour, represented approximately 80.4% and 80.4% of its throughput, respectively, and sweet crude, such as West Texas Intermediate, represented approximately 15.8% and 17.1% of its throughput, respectively.

Address

Suite 1600, 12700 Park Central Drive
DALLAS, TX 75251