The midstream has a good story to tell and it’s time for investors to pay attention again.
Paul Hart, Hart Energy
Fourth-quarter 2017 earnings have rolled in and the numbers, overall, look good—in contrast to some gruesome stuff in financials for the previous couple of years.
For example, Stifel noted in a report that Enterprise Product Partners LP (EPD) “posted fourth-quarter 2017 results well above our expectations … The quarter was supported by an early in-service of the Midland-to-Sealy [Pipeline] and management discussed a potential expansion to 550,000 barrels per day (Mbbl/d) from its current expected capacity of 450 Mbbl/d. EPD expects $3 billion of 2018 growth spending with limited equity needs.”