Report
Charles Fishman
EUR 101.80 For Business Accounts Only

Andeavor Reports Strong 2Q

Andeavor Logistics (formerly known as Tesoro Logistics) reported a strong second quarter, and we plan to maintain our $59 fair value estimate and narrow moat rating. The company continued to benefit from strong terminaling performance, given high refining and crude inventory levels, while gathering and processing remained relatively weak due to lower levels of completion activity and planned maintenance. However, improved volumes and lack of maintenance so far in the third quarter point to a bet...
Underlying
Andeavor Logistics LP

Provider
Morningstar
Morningstar

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.

Analysts
Charles Fishman

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch