Debt Maturities And Contract Re-Pricing Risk At MEP JV Put Pressure On Kinder Morgan And Energy Transfer [Seeking Alpha]
Energy Transfer LP Common Units (ET)
Last energy transfer lp common units earnings: 2/19 04:10 pm
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Source: Seeking Alpha
Summary Why Midcontinent Express Pipeline LLC matters to both Kinder Morgan, Inc. and Energy Transfer LP. MEP is a 50/50 JV between these midstream giants. $450 million of MEP's senior notes comes due in September 2019, and the JV doesn't retain cash to pay off those maturities. Major contract re-pricing risks forced Kinder Morgan and Energy Transfer to write down the value of their MEP stake. MEP equity earnings appear to be heading lower. Midcontinent Express Pipeline LLC is a 50/50 joint-venture between Kinder Morgan, Inc. (NYSE: KMI ) and Energy Transfer LP (NYSE: ET ), with the former acting as the operator of the JV. The primary purpose of this 510-mile -long natural gas pipeline is to carry gas produced from Oklahoma, Texas, and Arkansas to out-basin markets by interconnecting with numerous major pipeline networks, including Kinder Morgan's 12,000-mile-long Tennessee Gas Pipeline (100% interest) and its 7,000-mile-long Southern Natural Gas pipeline netwo
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News
- Energy Transfer Announces Increase in Quarterly Cash DistributionBusiness Wire
- Energy Transfer LP (ET) Ascends But Remains Behind Market: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
- Investors Heavily Search Energy Transfer LP (ET): Here is What You Need to Know [Yahoo! Finance]Yahoo! Finance
- How to Find Strong Oils-Energy Stocks Slated for Positive Earnings Surprises [Yahoo! Finance]Yahoo! Finance
- Energy Transfer LP Announces Cash Distribution on Series I Preferred UnitsBusiness Wire
ET
Earnings
- 2/14/24 - Beat
ET
Sec Filings
- 4/24/24 - Form 8-K
- 3/4/24 - Form 8-K
- 3/1/24 - Form S-3D
- ET's page on the SEC website