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PAA: cash flow sustainability analysis for Plains All American Pipeline
By: Ron Hiram Published: Dec 20, 2011 In periods where a large portion of a master limited partnership’s net cash from operations is the result of changes in working capital rather than ongoing...
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EPD: Closer look at Enterprise Products Partners’ cash flows
By: Ron Hiram Published: Dec 22, 2011 In periods where a large portion of net cash from operations is the result of changes in working capital rather than ongoing operations, I take a close look...
View ArticleETP: Are Energy Transfer Partners’ distributions sustainable?
By: Ron Hiram Published:Dec 27, 2011 ETP has not raised distributions to its limited partners since 2Q 2008 but offers a high (~7.80%) yield relative to some other large cap master limited partnerships...
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NRGY: Closer Look at the cash flow sustainability of Inergy, L.P.
By: Ron Hiram Published: Dec 29, 2011 With a distribution yield of 11.65%, a stock price down ~43% from its 52-week high, and recent purchases by insiders, an evaluation of the potential risks and...
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NGLS: Targa Resources’ cash flow sustainability
By: Ron Hiram Published: Jan 2, 2012 How does NGLS’ distributable cash flow (DCF) as reported compare with sustainable DCF? My analysis begins with the table below: 9 months ended:9/30/20119/30/2010...
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EPB: Closer Look at the cash flows of El Paso Pipeline Partners
By: Ron Hiram Published: Jan 10, 2012 The announcement of KMI’s acquisition of El Paso Corporation (EP) resulted in a marked decline in EPB’s unit price. This reflected investor concerns that...
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WPZ: Closer Look at Williams Partners’ Distributable Cash Flow
By: Ron Hiram Published: Jan 24, 2012 WPZ: Closer Look at Williams Partners’ Distributable Cash Flow In prior articles I reviewed a variety of factors causing distributable cash flow (DCF) as reported...
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RGP: Closer Look at Regency Energy Partners’ Distributable Cash Flow
By: Ron Hiram Published: Feb 6, 2012 In an article titled “Distributable Cash Flow (“DCF)” I present the definition of DCF used by Regency Energy Partners LP (RGP) and provide a comparison to...
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RGP: Regency Energy Partners LP – Quarterly DCF Data
A breakdown by quarter of the 9 month numbers in the report titled “RGP: Closer Look at Regency Energy Partners’ Distributable Cash Flow” is presented below: Period:3Q113Q111Q11 3Q103Q101Q10...
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KMP: A Closer Look at Kinder Morgan Energy Partners’ Distributable Cash Flow...
Author: Ron Hiram Published: November 3, 2012 In an article titled Distributable Cash Flow (“DCF”) I present the definition of DCF used by Kinder Morgan Energy Partners LP (KMP) and provide a...
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