Risk-to-Price Commentary: Plains All American Pipeline L.P. Nov 11
Standard & Poors, November 2011
Abstract
When the third-quarter earnings season soon draws to an end, the energy sector will very likely trump all other sectors in terms of profit and revenue growth. With only one S&P 500 energy company left to report (Helmerich & Payne Inc., Nov. 17), analysts polled by S&P Capital IQ estimate third-quarter year-over-year growth of nearly 62% in earnings per share and 31.8% in revenues for the sector. Strong drilling activity and higher realized crude and natural gas prices supported companies' results. Analysts currently expect energy companies to report year-over-year profit growth of 24.4% for the fourth quarter and 40.2% for 2011. In addition, analysts expect year-over-year revenue growth of 9.5% in the fourth quarter and 23.1% for 2011. The 2011...
Companies mentioned in this report are:
- Panhandle Eastern Pipe Line Co LP
- Southwestern Energy Co.
- Buckeye Partners L.P.
- Kinder Morgan Energy Partners L.P.
- Maritimes & Northeast Pipeline LLC
- Plains All American Pipeline L.P.
- Sunoco Logistics Partners Operations LP
- Magellan Midstream Partners L.P.
- Rockies Express Pipeline LLC
- Midcontinent Express Pipeline LLC
- DCP Midstream Operating L.P.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
- Panhandle Eastern Pipe Line Co LP
- Southwestern Energy Co.
- Buckeye Partners L.P.
- Kinder Morgan Energy Partners L.P.
- Maritimes & Northeast Pipeline LLC
- Plains All American Pipeline L.P.
- Sunoco Logistics Partners Operations LP
- Magellan Midstream Partners L.P.
- Rockies Express Pipeline LLC
- Midcontinent Express Pipeline LLC
- DCP Midstream Operating L.P.
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