Andeavor Logistics Reports Good 2Q, Accelerates Drop-Downs
Narrow-moat Andeavor Logistics reported a good second quarter, and we may boost our $43 fair value estimate modestly to reflect higher EBITDA in the near term after factoring in a more aggressive drop-down schedule. The partnership reported EBITDA of $289 million compared with $240 million last year, with the increase mainly attributable to drop-downs and the addition of Western Refining Logistics assets.Andeavor Logistics also announced that it has agreed to drop down $1.6 billion of assets, s...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.