Texas-based midstream energy player Energy Transfer Partners, L.P. recently announced that the Federal Energy Regulatory Commission (FERC) has given its consent for the construction and operation of the Rover Pipeline project. FERC has also certified Rover’s proposed tariff rates without any alteration. Rover expects to meet its in-service goals for Phase 1 and 2 by July and November, respectively.
Rover Pipeline, LLC is a subsidiary of Energy Transfer Partners, established to safely transport low cost and clean natural gas in Ohio, Michigan, Gulf Coast, Virginia and Canada. This new interstate gas pipeline is expected to transport 3.25 billion cubic feet of natural gas per day.
Energy Transfer Partners is a master limited partnership which is headquartered in Dallas. The partnership is engaged in the intrastate transportation and storage business of natural gas in the U.S. Energy Transfer Equity, L.P. , is the partnership’s general partner and a 100% incentive distribution right in the partnership.
Energy Transfer Partners’ dismal track record of earnings surprise history points to its struggles to protect cash flows amid the ongoing commodity price weakness. The partnership’s deteriorating distribution coverage ratio in the tough business environment is also a concern. Energy Transfer Partners therefore currently carries a Zacks Rank #5 (Sell), which implies that the stock will underperform the broader U.S. equity market over the next one to three months.
Over the last six months, the Zacks categorized Oil and Gas Production Pipeline-MLP industry has registered 6.27% growth. However, units of Energy Transfer Partners have underperformed the industry by registering negative growth rate of 8.05%.
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Some of the better ranked players in the industry include Buckeye Partners L.P and Enable Midstream Partners, LP . Both these companies carry Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Buckeye posted positive earnings surprise in the last three of the four quarters, with an average positive earnings surprise of 8.84%.
Enable Midstream Partners is expected to post year-over-year growth of 8.39% on its revenue and 15% on earnings.
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Energy Transfer Partners Wins FERC Nod for Rover Project
Texas-based midstream energy player Energy Transfer Partners, L.P. recently announced that the Federal Energy Regulatory Commission (FERC) has given its consent for the construction and operation of the Rover Pipeline project. FERC has also certified Rover’s proposed tariff rates without any alteration. Rover expects to meet its in-service goals for Phase 1 and 2 by July and November, respectively.
Rover Pipeline, LLC is a subsidiary of Energy Transfer Partners, established to safely transport low cost and clean natural gas in Ohio, Michigan, Gulf Coast, Virginia and Canada. This new interstate gas pipeline is expected to transport 3.25 billion cubic feet of natural gas per day.
Energy Transfer Partners is a master limited partnership which is headquartered in Dallas. The partnership is engaged in the intrastate transportation and storage business of natural gas in the U.S. Energy Transfer Equity, L.P. , is the partnership’s general partner and a 100% incentive distribution right in the partnership.
Energy Transfer Partners’ dismal track record of earnings surprise history points to its struggles to protect cash flows amid the ongoing commodity price weakness. The partnership’s deteriorating distribution coverage ratio in the tough business environment is also a concern. Energy Transfer Partners therefore currently carries a Zacks Rank #5 (Sell), which implies that the stock will underperform the broader U.S. equity market over the next one to three months.
Over the last six months, the Zacks categorized Oil and Gas Production Pipeline-MLP industry has registered 6.27% growth. However, units of Energy Transfer Partners have underperformed the industry by registering negative growth rate of 8.05%.
Some of the better ranked players in the industry include Buckeye Partners L.P and Enable Midstream Partners, LP . Both these companies carry Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Buckeye posted positive earnings surprise in the last three of the four quarters, with an average positive earnings surprise of 8.84%.
Enable Midstream Partners is expected to post year-over-year growth of 8.39% on its revenue and 15% on earnings.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>