Plains All American, DCP Midstream, and EnLink Midstream all exceeded first quarter earning expectations as their plans paid off early.
Analysts with Raymond James believe the midstream space will perform more strongly overall with top picks including Enterprise Products Partners, Energy Transfer and Plains All American.
The dropdown acquisition will increase Shell Midstream Partners’ interest in the Explorer and Colonial systems, which have the capacity to deliver some 3 million barrels per day of refined products.
IFM Investors agreed to acquire Buckeye Partners in an all-cash transaction valuing the Houston-based company, which roots trace back over a century, at $10.3 billion.
American Midstream Partners CEO Lynn Bourdon to depart amid the Houston company’s buyout by private-equity firm ArcLight Capital Partners announced last month.