Featured stocks in this article include Capital Product Partners LP (NSDQ: CPLP), CrossAmerica Partners (NYSE: CAPL), Kinder Morgan Inc (NYSE: KMI) and Pembina Pipeline (TSX: PPL, NYSE: PBA).

Q2 earnings season is upon us with the first Portfolio reporters already in the books. That means it’s time to lay out what we’re looking for in companies’ numbers and guidance to answer the following:

• Do underlying businesses of our recommended companies demonstrate sufficient strength to merit fresh money buys, or should we move on to something with a better risk/reward?
• What can individual company results and especially guidance updates tell us about the macro environment, mainly where we are in the energy price cycle and by extension what we should be betting on?