About this website

The website explains how distributable cash flow (DCF) is defined and why it is important to analyze it and derive a sustainable measure of DCF. Results reported by master limited partnerships (MLPs) are analyzed. comparisons of reported DCF to sustainable DCF are generated, and various coverage ratios and reports analyzing performance are generated. Simplified sources and uses of funds statements are presented to focus readers' attention on key cash flow items. The website also features general articles about MLPs and about other topics of interest to yield-focused investors.

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Disclaimer

The documents and opinions in this website are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the securities mentioned or to solicit transactions or clients. The information in this website is believed, but not guaranteed, to be accurate. All content on this website is presented as of the date published, is not updated and may be superseded by subsequent market events or for other reasons Under no circumstances should a person act upon the information contained within without first conducting his/her own independent research and consulting with his/her investment advisor and tax professional as to whether such action is suitable based on the investor’s investment objectives, personal and financial situation, and specific legal or tax situation.

RGP: A Closer Look at Regency Energy Partners' Distributable Cash Flow as of 2Q 2012

Author: Ron Hiram

Published: August 25, 2012

 

On August 7, 2012, Regency Energy Partners LP (RGP) reported results of operations for 2Q 2012. Revenues, operating income, net income and earnings before interest, depreciation & amortization and income tax expenses (EBITDA) were as follows:

[…]

ETP: A Closer Look at Energy Transfer Partners' Distributable Cash Flow as of 2Q 2012

Author: Ron Hiram

Published: August 19, 2012

On August 8, 2012, Energy Transfer Partners, L.P. (ETP) reported results of operations for 2Q 2012. Revenues, operating income, net income and earnings before interest, depreciation & amortization and income tax expenses (EBITDA) were as follows:

[…]

PAA: A Closer Look at Plains All American Pipeline’s Distributable Cash Flow as of 2Q 2012

Author: Ron Hiram

Published: August 16, 2012

On August 6, 2012, Plains All American Pipeline L.P. (PAA) reported results of operations for 2Q 2012. Revenues, operating income, net income and earnings before interest, depreciation & amortization and income tax expenses (EBITDA) were as follows:

[…]

MMP: A Closer Look at Magellan Midstream Partners' Distributable Cash Flow as of 2Q 2012

Author: Ron Hiram

Published: Aug 15, 2012

On August 1, 2012, Magellan Midstream Partners, L.P. (MMP) reported results of operations for 2Q 2012. Revenues, operating income, net income and earnings before interest, depreciation & amortization and income tax expenses (EBITDA) were as follows:

Period::2Q122Q111H121H11 Revenues450383943826 Operating income167129290245 Net income138103231193 EBITDA198159352305 Adjusted EBITDA177153343305 Weighted average units […]

BPL: A Closer Look at Buckeye Partners' Distributable Cash Flow as of 2Q 2012

Author: Ron Hiram

Published: Aug 13, 2012

On August 3, 2012, Buckeye Partners L.P.  (BPL) reported results of operations for 2Q 2012. Revenues, operating income, net income and earnings before interest, depreciation & amortization and income tax expenses (EBITDA) were as follows:

Period::2Q122Q111H121H11 Revenues9831,0772,2422,230 Operating income8286162178 Net income5694109161 EBITDA117150231271 Adjusted EBITDA120118235240 Weighted average units outstanding […]