Three partnerships have filed S-1 forms with the Securities and Exchange Commission since we last wrote about MLP IPOs. Read More

We expect our Portfolio holdings to build wealth for investors as long as the underlying businesses continue to perform. In this issue, we evaluate how our Portfolio holdings fared in the second quarter and analyze two of the latest MLPs to go public. Read More

With the majority of energy-focused master limited partnerships (MLP) having reported quarterly results, we have an opportunity to reflect one of the key trends that emerged from the deluge of financial data: the extent to which the dramatic decline in the price of natural gas liquids reduced firms’ distributable cash flow (DCF) and payout coverage. Read More

In the first of this two-part series, we explain why NGL prices will likely remain volatile in coming years. Next week's issue will focus on the extent to which fluctuations in the price of these commodities will impact the 17 publicly traded partnerships that own natural gas-processing assets. Read More

Thus far, second-quarter results from our favorite master limited partnerships have fallen short of expectations. But all indications suggest that these disappointments represent fleeting hiccups rather than a full-blown cold. Read More

Northern Tier Energy LP (NYSE: NTI) went public toward the end of July, but the number of prospective MLP IPOs remained at 15 after High-Crush Partners LP (NYSE: HCLP) filed its S-1 statement with the Securities and Exchange Commission. Read More

With fears of slowing global economic growth weighing on oil prices and rising US inventories pressuring the value of certain natural gas liquids, investors have expressed concern that units of upstream and even midstream master limited partnerships could be poised for a pullback. In this issue, we review our Portfolio holdings' exposure to fluctuations in commodity prices and the extent to which further weakness would damage their growth stories. Read More

What's driving the sudden surge in downstream MLP IPOs, especially those that own and operate wholesale fuel distribution assets? Read More

For income-seeking investors, initial public offerings of master limited partnerships can be a lucrative opportunity to buy into long-term growth stories at favorable valuations. Read More

Upstream MLP Legacy Reserves LP (NSDQ: LGCY) enjoyed a solid first quarter, growing production by about 5 percent sequentially, to 14,400 barrels of oil equivalent per day. Much of this uptick in production stemmed from elevated initial production rates on recently completed wells and a full quarter of output from $28 million… Read More

With the EU sovereign-debt crisis roiling the stock market and another growth scare weighing on oil prices, investors should expect the unit price of Mid-Con Energy Partners… Read More

More than 800 investors and analysts attended the National Association of Publicly Traded Partnerships' (NAPTP) MLP Investor Conference in Greenwhich, Conn. This record crowd is a testament to the rising popularity of this security class among retail and institutional investors. In this issue, Elliott Gue and Roger Conrad recap the presentations from the conference and revisit their buy targets and investment theses for their Portfolio holdings. Read More

DCP Midstream Partners LP (NYSE: DPM) in the first quarter benefited from robust production of natural gas liquids (NGL) in its service areas and the ongoing expansion of its fee-generating midstream infrastructure. In April, the master limited partnership (MLP) purchased a 10 percent interest in the Texas Express NGL Pipeline… Read More

Investors with a longer time horizon shouldn’t assume that the recent bout of fuel-switching marks the end for king coal. Read More

The 2011-12 winter that never was has depressed US natural gas prices to record lows. This issue analyzes the extent to which this challenging business environment will affect long-haul pipelines, gathering and processing operations, storage facilities and upstream operators. We also review the first batch of quarterly earnings from our Portfolio holdings. Read More

One of the most important trends underway in North American energy markets has been the shift of drilling activity to fields rich in oil and natural gas liquids (NGL) from plays that primarily produce natural gas. Robust drilling activity in these liquids-rich plays explains why US natural gas production has… Read More

Investors shouldn't worry about the federal government imposing restrictive regulations on hydraulic fracturing. Read More

Vanguard Natural Resources LLC (NYSE: VNR) will tackle the integration of Encore Energy Partners in 2012. Following the divestment of the oil and gas producer’s Appalachian assets–a deal that essentially cancelled units held by co-founder investor Majeed S. Nami–Encore Energy Partners’ acreage accounts for roughly 52 percent of the combined firm’s… Read More

Recent deal flow in the Marcellus Shale highlights a number of key trends. Read More

With many of our favorite MLPs trading above our buy targets, investors sitting on sizable gains should consider taking some money off the table and allocating the proceeds to names that offer better value. Newly listed MLPs sometimes offer investors an opportunity to establish positions in high-quality names before the herd bids up the stock price. However, investors must closely scrutinize these MLPs and spin-offs to make sure they're worthwhile, particularly as owners seek to take advantage of investors' enthusiasm for high-yielding fare to monetize less-attractive assets. Read More