Report
Joe Gemino
EUR 100.00 For Business Accounts Only

Inter Pipeline offers an industry-leading dividend that existing and expected projects support.

No-moat Inter Pipeline reported first-quarter adjusted funds from operations of CAD 254 million, a 3% increase from the year-ago period and below our expectations. The increase from the prior year was driven by strong performance from the NGL processing business, which benefited from rising commodity prices. However, we expected higher cash flows from the company’s oil sands operations. Total oil sands throughput increased to a record high of 1,279 mbbl/d, but generated cash flow in line with th...
Underlying
Inter Pipeline Ltd.

Inter Pipeline is engaged in the business of of petroleum transportation, bulk liquid storage and natural gas liquids (NGL) extraction through the ownership and operation of energy infrastructure assets in western Canada, the U.K., Denmark, Germany, Ireland and Sweden. Co. has four operating business segments that are reportable segments: the oil sands transportation business segment; the conventional oil pipelines business segment; the bulk liquid storage business segment; and the NGL extraction business segment.

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
Joe Gemino

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