Commodity Earnings This Week: MLPs in Focus

As we near the end of earnings season there are still a few firms that have yet to disclose the results of their most recent fiscal quarter. Thus far, the season has been somewhat mixed; there have been some big misses and some big wins that have caught the Street’s attention. The coming week will see the energy space heat up, with a number of smaller MLPs slated to report in the coming five days [for more commodity news and analysis subscribe to our free newsletter].

  • MarkWest Energy Partners (MWE): This Denver-based MLP focuses all of its efforts on the natural gas space. This includes the gathering, processing, and transportation of the fossil fuel. The company will report earnings on Tuesday, and analysts will be looking for EPS of $0.25. Note that the company surprised on the upside with its last report.
  • NuStar Energy (NS): Another MLP, NuStar focuses on petroleum products primarily in the U.S. as well as the Netherlands. The company is based in San Antonio and owns nearly 5,500 miles of pipeline. NuStar will report earnings on Tuesday, where the Street will be looking to see EPS of $0.27.
  • MLPs in FocusSouthcross Energy Partners (SXE): This natural gas MLP is involved in the processing, treating, compressing, and transportation of the fossil fuel. It also handles natural gas liquids, an increasingly popular theme in the world of energy. As of October of this year, the company controls 2,740 miles of pipeline. Southcross will be reporting on Wednesday and it is expected to show EPS of -$0.01 [see also 25 Ways To Invest In Natural Gas].
  • American Midstream Partners (AMID): Another MLP hailing from Denver, American Midstream operates in the natural gas realm, including the gathering, processing, and transportation of the commodity. Its operations focus on the Gulf Coast and the Southeast regions of the United States. The firm will report on Wednesday and is expected to show EPS of -$0.40.
  • New Source Energy Partners (NSLP): New Source is an independent oil and gas firm that calls Oklahoma City home. This MLP takes a different approach than its peers, as it focuses on the acquisition and development of oil and gas properties throughout the country, as opposed to transporting and processing the actual commodity. The company is slated to report earnings on Wednesday where analysts expect to see EPS of $0.36 [see also How Crude Oil Traders Manipulate The Market].

The Bottom Line

As always, we caution investors to pay attention to the numbers as well as any commentary from the company. Strong numbers can be quickly negated by a poor outlook and vice versa. To properly anticipate a security’s reaction, be sure to take both parts of the equation into account.

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Disclosure: No positions at time of writing.

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