As has been well-established by this point, midstream insiders expected Kinder Morgan Inc. would need to do something big to manage its MLP’s distribution growth, which was doling out at least 5% each year, along with it general partner’s 50% take in profits.
In its second-quarter earnings call, American Midstream Partners’ executive chairman, president and CEO Stephen W. Bergstrom explained the company’s growth strategy.
Experts say not to expect a mass shift away from the tax-advantaged structure.
By talking up its $160 million in organic growth projects, executives at DCP Midstream Partners LP (DPM) sought to change the single-topic conversation of the company as drop-down beneficiary during its second-quarter conference call on Aug. 6.
Martin Midstream Partners LP (MMLP) announced Aug. 22 that it completed the sale of MMLP common units to Martin Resource Management Corp. (MRMC) for $45 million.
NGL Energy Partners LP and TransMontaigne Partners LP (TLP) announced Aug. 15 that the companies ended talks dealing with NGL's proposed acquisition of Denver's TLP due to the inability to settle on a price.
Vaquero Midstream LLC received a “substantial” equity commitment from the New York-based private investment firm Yorktown Energy Partners LLC, Vaquero said in an Aug. 21 statement.
Energy logistics company PennTex Midstream Partners announced that it is pursuing the formation of a midstream MLP and will confidentially submit a draft Registration Statement on Form S-1 to the U.S. Securities and Exchange Commission for an IPO of common units of the MLP.
Zenith Energy announced on Aug. 4 that an affiliate of global private equity firm Warburg Pincus agreed to lead a line-of-equity investment of up to $600 million in Zenith.
Ardmore Shipping Corp. signed agreements to upsize its existing senior loan facility with ABN Amro Bank NV, Nordea Bank Finland Plc and Skandinaviska Enskilda Banken AB.