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In the United States, a master limited partnership ( MLP) or publicly traded partnership ( PTP) is a publicly traded entity taxed as a partnership. It combines the tax benefits of a partnership with the liquidity of publicly traded securities . To obtain the tax benefits of a pass through, MLPs must generate at least 90% or more of their income ...
Summary There are two types of MLP funds – those structured as RICs, which own up to 25% MLPs, and those structured as corporations, which tend to be 90-100% MLPs. Similar to direct MLP ...
For many years until 2017, Oneok was an MLP and issued its holders a K-1 every year. That year it became a regular company (C-corporation) and it issues its stockholders a yearly 1099 summarizing their income from the company. In May 2023, Oneok agreed to acquire Magellan Midstream Partners.
Enterprise Products Partners L.P. (NYSE: EPD) is an American midstream natural gas and crude oil pipeline company with headquarters in Houston, Texas. It acquired GulfTerra in September 2004. The company ranked No. 105 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. [7]
To calculate P/DCF you take the market cap of the MLP and divide it by a full year of distributable cash flow. Let's use Enterprise Products Partners as our first example.
Enterprise Products Partners to Participate in RBC Capital Markets MLP Conference HOUSTON--(BUSINESS WIRE)-- Enterprise Products Partners L.P. (NYS: EPD) today announced that W. Randall Fowler ...
Medical Properties Trust, Inc., based in Birmingham, Alabama, is a real estate investment trust that invests in healthcare facilities subject to NNN leases. The company owns 438 properties in the United States, Australia, Colombia, Germany, Italy, Portugal, Spain, Switzerland, Finland, and the United Kingdom. [1]
Energy Transfer LP is an American company engaged in the pipeline transportation, storage, and terminaling for natural gas, crude oil, NGLs, refined products and liquid natural gas. It is organized under Delaware state laws and headquartered in Dallas, Texas. It was founded in 1996 by Ray Davis and Kelcy Warren, who remains Executive Chairman.