DISTRIBUTION HIKES, EARNINGS,
AND MORNING IDEAS
Lots of breaking news this morning. Lets start with Teppco Earnings which missed on earnings by a penny but beat revenue estimates...The company already boosted its distribution by a penny last week. Then we have Enterprise Products Partners (EPD) which also missed by a penny but revenues were in line with expectations. Duncan Partners (DEP) also posted its earnings numbers and they also missed by a penny. Must be a Dan Duncan thing that all three of his interests missed by a penny.
We have distribution hikes from Global Partners (GLP) which upped by three quarters of a cent! (who loves you baby!). Hiland Partners (HLND) and Hiland Holdings (HPGP) were slightly more generous with their distribution increases. And finally this morning Terra Nitrogen(TNH) posted good earnings numbers and more than doubled its distribution from a year ago. Their business is more seasonal so their distributions vary from quarter to quarter but thats what happens when your business is shit...literally!
This morning we have higher energy and high stock futures. Good day yesterday for MLPS as they were higher all day and closed near the highs of the day. So we'll work through the open and see how the corporate news impacts. No upgrades or downgrades this morning.
Lots of breaking news this morning. Lets start with Teppco Earnings which missed on earnings by a penny but beat revenue estimates...The company already boosted its distribution by a penny last week. Then we have Enterprise Products Partners (EPD) which also missed by a penny but revenues were in line with expectations. Duncan Partners (DEP) also posted its earnings numbers and they also missed by a penny. Must be a Dan Duncan thing that all three of his interests missed by a penny.
We have distribution hikes from Global Partners (GLP) which upped by three quarters of a cent! (who loves you baby!). Hiland Partners (HLND) and Hiland Holdings (HPGP) were slightly more generous with their distribution increases. And finally this morning Terra Nitrogen(TNH) posted good earnings numbers and more than doubled its distribution from a year ago. Their business is more seasonal so their distributions vary from quarter to quarter but thats what happens when your business is shit...literally!
This morning we have higher energy and high stock futures. Good day yesterday for MLPS as they were higher all day and closed near the highs of the day. So we'll work through the open and see how the corporate news impacts. No upgrades or downgrades this morning.
joseph cioffi's Source Page - Associated Content
4 comments:
Just a comment to let you know how much I appreciate your site. I have a shortcut set up to your blog on all three of my computers.
It is the first think I check, before I go to my brokerage accounts.
"THANKS"
Joe,
I also want to thank you for your site. You have really helped me!!!
Bruce Sherman
thanks guys...but i'm taking tomorrow off!!!! Breeders Cup
Hi,
I'm new to this site and MLPs in general. While these (MLPs) sound great my one big concern is any liability issue to the holder. Years ago the Canadian income trusts had an issue with liability that was eventually resolved with specific legislation being issued to limit same. Any help on this would be greatly appreciated. Thanks.
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