Richest MLP People in America

Source: Hinds Howard, MLP Hindsight (9/22/11)

"The new rich list is out, the one that lists the 400 richest Americans."

The new rich list is out, the one that lists the 400 richest Americans (see here). Gates, Buffett and Ellison top the list, but the biggest movers this year were the Koch brothers, who are now tied for 4th richest Americans at $25 billion (B) each. The rest of the top 20 are combination of money managers (Soros, Paulson), Entrepreneurs (Bloomberg, Zuckerberg, Brin/Page, Bezos, Dell), and Heirs (four Waltons and a Mars).

Were he still alive, Dan Duncan, founder of the largest MLP, Enterprise Products Partners ($EPD), would have probably made the top 20 at around $15B, but instead, his four most significant heirs made the list at $3.4B each.

Others who made the list this year that are affiliated or have been affiliated with MLPs include:

Harold Hamm ($7.5B) – Chairman of defunct MLP Hiland Partners, now owns lots of acreage in the Bakken shale in North Dakota

Rich Kinder ($6.4B) – MLP visionary and CEO of Kinder Morgan Energy Partners ($KMP), the second largest MLP

Rod Lewis ($2.8B) – South Texas E&P guy, sold his midstream business to $EPD for mostly stock in 2006, now is single largest holder of EPD units, owns significant stake in Vanguard Natural Resources ($VNR) also as a result of asset sales

George Lindemann ($2.1B) – CEO of Southern Union ($SUG), which is currently being fought over by Energy Transfer Equity ($ETE) and Williams ($WMB)

Kelcy Warren ($2B) – CEO of $ETE

Ray Davis ($1.4B) – co-founder with Kelcy Warren of what would become $ETE, now owns most of the Texas Rangers

Joe Craft ($1.3B) – CEO of Alliance Resource Partners ($ARLP), coal mining MLP

There are others as well on the periphery of MLPs, like Paul Allen ($13.2B), whose Vulcan Capital owns around 50% of the GP of Plains All American ($PAA), and Phil Anshutz ($7.0B), who at one point owned 25% of the general partner of Pacific Energy Partners, before it was bought by Lehman Brother Private Equity and then sold to $PAA in 2006.

One final note on all of this rich-gazing, in the race for richest Houstonian, Jeff Hildebrand ($5.3B this year) is gaining fast on Kinder, and if $KMI continues to trade like it has been, expect Hildebrand to eclipse him next year. . .

NGL Energy Shares Rise 21% as It Seeks to Raise $2.05 Billion from Senior Secured Note Offering
Source: Streetwise Reports (01/21/2021)

Shares of NGL Energy Partners LP traded higher after the firm made a series of announcements over the past three days regarding an update on financial operations, a settlement with a customer in bankruptcy, a quarterly Class D unit distribution and a $2.05 billion senior secured debt offering.

Western Midstream Posts 99% YoY Increase in Q3 Earnings, Announces $250 Million Buyback Program
Source: Streetwise Reports (11/10/2020)

Shares of Western Midstream Partners traded 23% higher after the company reported Q3/20 financial results that included a nearly 100% growth in Net income. The firm also provided FY/21 guidance and announced a $250 million buyback program.

Altus Midstream Shares Flow Higher on Q3 Earnings and Plans for $1.50/Share Dividend in Q1/21
Source: Streetwise Reports (11/05/2020)

Shares of Altus Midstream Co. traded 170% higher after the firm reported Q3/20 financial results and announced plans to pay a quarterly dividend of $1.50 per share beginning in March 2021.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

NGL Energy Partners Shares Rise 80% as the Firm Confirms 2020 Guidance
Source: Streetwise Reports (03/19/2020)

Shares of NGL Energy Partners traded higher after the company confirmed its fiscal 2020 EBITDA guidance and provided an update on current operations and capital expenditure reductions.

Tallgrass Energy Shares Rise 20% on Blackstone Partners Acquisition Deal
Source: Streetwise Reports (12/17/2019)

Shares of Tallgrass Energy LP traded 20% higher after the firm advised that it entered into a definitive merger agreement with Blackstone Infrastructure Partners to acquire all of the company's publicly held outstanding class A shares for $22.45 per share in cash.

Analyst: Outlook Positive for 'Water-Driven Turnaround Story'
Source: Streetwise Reports (01/04/2019)

This master limited partnership's presentation to analysts provided Raymond James with multiple reasons for long-term investment.

Simplification: A Positive Change for MLP Industry, Investors
Source: Adam Karpf for The Energy Report (05/30/2017)

The master limited partnership (MLP) industry, focused on energy infrastructure, is in the process of a major transformation known as "simplification," where limited partners have merged with or acquired the interests of the general partner. Adam Karpf, portfolio manager for MLP strategies at CIBC Atlantic Trust Private Wealth Management, discusses the trend toward simplification and the benefits for management teams and investors.

A Year of Tips for Winning the Natural Resource Investment War
Source: The Energy Report Staff (12/29/2015)

Energy investors are no strangers to boom-and-bust cycles. In fact, a number of the experts interviewed by The Energy Report in 2015 took a certain amount of glee in the opportunities they knew would open up in low-price markets for oil and gas, uranium and lithium.

Three Upstream MLPs with the Discipline to Succeed in the Coming Recovery: RBC Analyst John Ragozzino
Source: JT Long of The Energy Report (04/29/2015)

RBC's John Ragozzino is anticipating an oil price recovery that could bode well for upstream master limited partnerships, and knows which had the strength to hedge at the right times and which are liquid enough to take advantage of growth opportunities that could be right around the corner.