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.
Price pressures on commodities are likely to drive more deals and private equity will likely continue to invest.
The U.S. Federal Trade Commission granted Kinder Morgan Inc. early termination of the waiting period under the Hart-Scott-Rodino Act for its proposed acquisition of Kinder Morgan Energy Partners LP.
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.
ArcLight Capital Partners LLC is seeking $4 billion for a private equity fund to take advantage of rising demand for infrastructure to support the shale boom.
Ardmore Shipping Corp. filed a shelf registration statement on Form F-3 with the U.S. Securities and Exchange Commission (SEC).
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.