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  • Roger S. Conrad

What We’ve Learned from Early Reporters

By Elliott H. Gue on May. 5, 2021

This is the second in our series of roundtable Q&A discussions focusing on Q1 results and guidance updates from management teams for 2021 and beyond. For more individual company analysis, see this issue’s Portfolio section.

Q: Now that energy sector bellwethers have reported Q1 numbers and guidance, what stands out most to you?

RC: As I did in the previous roundtable, I’ll focus my answer on midstream companies. So far, we have numbers and updated guidance on five we hold either in our Model Portfolio or on the High Yield Energy List. Those are Crestwood Equity Partners (NYSE: CEQP), Hess Midstream (NYSE: HESM), Kinder Morgan Inc (NYSE: KMI), Magellan Midstream (NYSE: MMP) and ONEOK Inc (NYSE: OKE).

All but Magellan have a strong midstream oil and especially natural gas presence in the Bakken. Many analysts have questioned just how durable production volumes in that shale basin are, given at least some producers appear to be shifting resources to the Permian Basin of West Texas.

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    Elliott and Roger on May. 26, 2021

  • Portfolios & Ratings

    • Model Portfolios

      Balanced portfolios of energy stocks for aggressive and conservative investors.

    • Producers and Drillers

      Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.

    • MLPs and Midstream

      Our assessment of every energy-related master limited partnership.

    • International Coverage

      Roger Conrad’s coverage of more than 70 dividend-paying energy names.

    Experts

    • Elliott H. Gue

      Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor

    • Roger S. Conrad

      Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor