If you’re a US taxpayer, chances are you’ve used a handy online calculator to estimate the...

There’s an amazing song by Rihanna, about someone owing her money, that perfectly encapsulates...

MLPs are on track to have their third worst year in history and unlike all the other bad years,...

President Trump released a framework for his tax reform in late September. This nine-page...

With MLPs returning 0.7% on a total return basis in September, it’s hardly something we would...

MLPs were down 4.9% in August on a total return basis, marking the worst month since January...

The frantic hysteria over MLPs is fading. This isn’t 2014 when we were obsessed with the ice...

Most people invest in an S&P 500 fund because they want broad exposure to the US stock...

Whoever first quipped that “Americans are benevolently misinformed about Canada” was pretty on...

President Trump has so far only released an outline of his plan, and the Republican plan...

Just as early snowmelt or increased rainfall in the Rocky Mountains will swell the Colorado...

MLPs have secondary equity offerings like I buy new plants—in other words, every time I see an...

The first few months of 2017 were full of transformational MLP announcements. Large-scale...

Incentive distribution rights (IDRs) are one of those often-confusing, MLP-specific quirks that...

Alerian has always cautiously taken the wait-and-see approach to politics. In the last hours of...

DCP Midstream Partners (DPM) started the year off with a bang announcing a simplification...

I spent last week talking to Canadian investors interested in MLPs. Since energy is such a large...

One could argue, President-elect Trump has already added value to MLPs. For midstream names,...

Investors have long favored those energy infrastructure MLPs considered dropdown stories. A...

One might have thought the most interesting energy infrastructure news last week was that Energy...

What to know about KMI’s $350 million write-down of MEP:

1. Potential for ETP, the other 50%...

Everyone loves Buffett and his advice to look for stocks with a large moat. A moat is really...

The opposite of a blue moon (two full moons in a month) is a black moon, which is the second new...

When I attended the Enercom Conference for a little cross-training, I did not expect to hear all...

Earlier this year, MLPs and other energy infrastructure companies were making sweeping financial...

The Montney shale is rarely given much time in the U.S. media, and yet it is a major natural gas...

Multiple days of whirlwind meetings and learning so much (and fast-thumbs Thelma googling so...

As MLPs exit the energy downturn, JVs have become a popular method not just of...

In a world of wildcatting oil men, MLP management teams run unsexy, predictable business models....

Sometimes we get so caught up in the day to day news and concerns that we neglect to notice that...

If you haven’t heard about Pokémon Go, you either know no children, work an insane amount of...

Which Companies Are Building Where?

Last week, we examined how MLPs spend and categorized the cash necessary to maintain their...

Life costs money, and so does running an MLP. To buy or build a new asset, there is an...

Let’s be honest: the Alerian team is a bunch of stat nerds. We spend a lot of time, even our...

As a child, I told the same joke every spring: If April showers bring May flowers, what do...

They say no one rings a bell at the top or the bottom of a market, but have you ever heard an...

For MLPs and energy infrastructure companies, April was spent getting ready. MLPs, as measured...

Let’s face it: investors are obsessed with MLP distributions and distribution growth. This...

Last week, we discussed how some of the CEOs of the MLPs with the highest distribution growth in...

Wanna Make a Minimum of $500,000 Per Year?
Americans are pretty tight-lipped about how much they...

The basic energy infrastructure investment thesis generally runs as follows: North America is an...

Over the past two years, as crude prices fell, upstream MLPs were hurt the worst, but gathering...

Correlation is a slippery beast. It varies drastically depending on the time period and time...

Moody’s Ratings for All Energy MLPs

When it comes to valuing midstream MLPs, many valuation lessons have already been learned....

February is the sort of brutal month where everyone starts to be convinced that winter will...

Kanye West is $53 million in debt, and Kim Kardashian (incredible business woman and also Kanye’...

Expected bad news, even pain, is easier to bear than uncertainty. An annual car insurance bill...

Last year, I wrote an article about MLP investor fears for 2015; looking back over the year,...

Kinder Morgan (KMI) has been making headlines for the past few weeks. First, cryptically holding...

It’s no secret that things are rough out there. MLPs and millennials have a lot in common these...

Thanksgiving is a dramatic family holiday. In Rockwell’s America, we sit down with our loving...

I don’t know what I was thinking when I pitched this article to my editor. The unique corporate...

The best costume I saw this year was Jon Snow White. Go ahead, google it. It’s fabulous, and...

Credit for the popularity of the Dogs of the Dow theory goes to Michael B. O’Higgins. The claim...

I’m dating a pediatrician, and statistics is pretty much the only place our jobs overlap....

In last quarter’s installment, we examined how an MLP in the high splits would pay increasing...

Did you know it’s not safe to wear a seat belt? If you’re driving across a frozen lake and the...

In our conversations this year with management teams, sell-side analysts, portfolio managers,...

I think August is a great month for vacations. In the Northern Hemisphere, it’s too hot to work...

In a previous post, we examined how MLPs remain uncorrelated to commodity prices, even in this...

August 26th isWomen’s Equality Day, but that’s just my excuse for this article. Does the gender...

I grew up in rural America, and despite my Irish/German/Slovakian community, my parents were...

If you’ve been following MLPs and energy infrastructure at all in July, you already know what...

Traditionally, Alerian does not comment on intraday performance as we believe that MLPs should...

I hate to bring up tax time in July, but for those of you who filed for an extension, hopefully...

Hopefully, you’ve already read the previous installments of this series. MLPs Making the Grade,...

Up until the past few years, every MLP presentation I gave was an MLP 101 presentation. One of...

Pembina Pipeline (TSX: PPL, NYSE: PBA) had a roller coaster year. The stock price remained...

After college, a small group of us made a point of attending girls’ weekends at least once or...

In Part 1, we discussed why an equity investor in a particular MLP might care about how its debt...

Prevailing wisdom says that an investment grade company is a generally safer investment. If you...

Why do you invest? Is it to earn as much money as possible? Is it to use your capital in a way...

The commodity price environment is tough right now. No one—including MarkWest Energy Partners...

When you work with energy MLPs, and your girlfriend is a pediatrician, there’s not much overlap...

On April 8th, Cheniere—that is, Cheniere Energy Inc (LNG), Cheniere Energy Partners (CQP), and...

Part of this analyst day included a tour of their Midland facility. Now, Midland might not be...

Perhaps it’s due to my history as a college cheerleader for a football teamknown for its losing...

MLPs have traded basically sideways for the majority of 2015. Some months they’re down; some...

We weren’t able to attendthe Sempra Energy (SRE) Analyst Day (slides available here), and...

My mother and I look just like each other. So much so that if you hold up pictures of us when...

Our CEO’sepic March Madness bracket aside, this month, quarter, and year all got off to a...

The Martin Midstream Partners (MMLP) Analyst Day (slides available here) was pretty packed with...

February can be a month for haters. There are those who ignore the Hallmark holiday, and those...

Alerian was built on the idea that a really smart, friendly, willing-to-pitch-in person is an...

On February 2nd, the Obama Administration released its budget for 2016. Since 2009, the...

January may not be a crystal ball for the rest of the year, but it’s still an important month....

If you called or emailed Alerian with a question about commodity prices over the past several...

Being the first of the year, the Kinder Morgan Analyst Day (presentation available here) had a...

What fears are keeping MLP investors pacing their bedrooms at 2am?

You mean besides commodity...

When we finally got to the eponymous part of the day, the format switched a bit. For Energy...

The original cotillion was an 18th century social dance that involved four couples dancing...

Together with our President and CEO, Kenny Feng, I attended the second day of analyst days for...

While unable to attend the AltaGas (TSX: ALA) Analyst Day in person, I still appreciate that it...

While not a traditional MLP, Emerge Energy Services (EMES) has caught the eye of many an MLP...

Our Dallas office is less than a mile from Dealey Plaza,the grassy knoll, and the Sixth Floor...

Global Partners (GLP) chose the unusual location of Portland, OR for its analyst day this year...

How will a GOP-controlled Senate affect the approval of Keystone XL?

Yesterday, the Senate...

Did you think this October was the scariest October yet? (You’d be wrong about that—2008 was...

We took a couple of extra days this week on the Monday Mailbag to give everyone time to submit...

Talk about a roller coaster of time. Not only during the month of October, but even in the past...

For football fans across the country, September is perceived as a fresh start. Every team has an...

Like Teekay Corporation (TK), Calgary-based Enbridge Inc (ENB)is a parent company with several...

It’s been a busy week for big MLP news. While we didn’t attend the Teekay Corporation (TK)...

I’m out of the office right now at a conference in Palm Beach,so I’ve been getting all my news...

With the Treasury Department reviewing potential tax issues, what effect do you expect this to...

I heard that the government is no longer allowing new MLPs. Is this true?

A lot of people write...

What does it mean that Enterprise is the largest MLP? How much larger is it? What’s the next...

When does Alerian enter its quiet period?

We enter our quiet period beginning at market close...

The Big Idea:

The 2005-2006 time period saw a sudden rise in MLP GP IPOs. Why?

Then, in...

We get a lot of questions about how to pronounce the names of particular MLPs. I figured that...

Please see Part 1 and Part 2 for an introduction to the study as well as an examination of price...

Since moving to Dallas almost four years ago, I have uttered the phrase, “I’m not a native...

Everyone seems intent on continuing to ask about the Kinder Morgan transaction. We love that you...

There are 120 MLPs currently trading and 84 investment products designed to give investors...

The search for yield has led many adventurers into our fertile lands. With Treasury rates still...