It works a lot like real estate; however,
midstream pipeline companies, unlike REITs, don't have an industry - approved metric that can replace EPS, so the best we can do is rely on available cash flow from operations (ACFFO) per share.
One major leg up that Magellan has over other
midstream pipeline companies is that a majority of its business is delivering refined products like gasoline and diesel to end markets.
Now, because of Enbridge's business model (
a midstream pipeline company), Enbridge's reported EPS numbers are largely impacted by depreciation on assets that may not be depreciating at the reported rate (many of these pipelines actually become worth a lot more over time).
Not exact matches
The
pipeline's owners, Plains
Midstream Canada, said that loose soil and a bad weld were to blame for the spill, but now that the
company has applied to reopen the pipe, scientists are looking for more information.
D.E. Shaw, another hedge fund and EQT shareholder, had contended the Rice acquisition would benefit shareholders if EQT also separated its
pipeline business and added independent directors with
midstream experience, which the
company announced in October.
• Total SA (Paris: FP) has agreed to sell a gas
pipeline and gas terminal in the North Sea to North Sea
Midstream Partners, a portfolio
company of ArcLight Capital Partners, for approximately $ 905 million.
But that volatility, as Ghosh likes to note, is the upside of the integrated nature of the
company, which gives it a continued hedge against the differential in world oil prices through its downstream and
midstream assets — on the
midstream side, Husky operates a 2,000 - kilometre crude - oil
pipeline system, and its downstream operations include upgrading and refining crude oil, and marketing gasoline, diesel, jet fuel, asphalt and ethanol in Canada and the United States.
One of the reasons, because of it, is in their development, like, their project
pipeline and a lot of the existing business they have right now is in what is called the demand pull side of the
midstream business, which is rather than being the
company that gathers from the field, which is from the well and things like that.
A final investment decision has been made to move forward with a 1.9 Bcf / d
pipeline being jointly developed by Kinder Morgan, DCP
Midstream and Targa Resources that would allow more shale gas to move from the Permian Basin to the Texas Gulf Coast after the project secured long - term shipper commitments for about 85 % of its capacity, the
companies said Thursday.
Kinder Morgan Inc. is a
midstream energy
company that provides crucial infrastructure, owning and operating more than 80,000 miles of
pipeline and 155 terminals.
The
company was formed to own, operate, develop and acquire primarily fee - based crude oil, refined petroleum product and natural gas liquids
pipelines and terminals and other transportation and
midstream assets.
Representation of a North American natural gas
pipeline, storage and power
company in connection with its acquisition, commercial contracts, and subsequent sale of a U.S.
midstream company and natural gas liquids marketing assets, including five gas processing plants, two liquids
pipelines and a salt dome storage facility.