Why Yesteryear's Valuation Metrics Aren't Sufficient for Today's MLP

The MLP space has changed significantly in recent years with consolidations, distribution cuts, a shift away from raising equity, and a focus on positioning for sustainability instead of growth. The evolution of MLP business models requires a fresh approach to MLP valuation metrics. This piece explores historical valuation metrics and the valuation tools that are expected to become more prevalent going forward as MLPs increasingly compete with other sectors for generalist investor dollars.