| The Yield Hunter Let's make some money and sleep well at night |
| Master Limited Partnerships (MLP's) |
Master Limited Partnerships have the same liquid trading characteristics of common stocks---yet they are very different from common stocks, The most obvious difference to you, the investor, is that they 'pass through' their income. They are called 'pass through securities' because they are NOT taxed at the corporate level, but instead pass the income on to the unitholders where taxes are paid by the unitholder. Because of the pass though nature of the security the more normal 'double taxation' of income is avoided (normally the corporation pays taxes on the net income and they pay you, the investor, dividends and you are taxed again) meaning there is more income available for dividends MLP's mainly operate in oil and gas related businesses. This would include propane distribution and retailing. They may also operate in the fuel storage or distribution (pipeline) business. The balance of the MLP's available operate in timber, minerals, real estate or other miscellaneous businesses (for instance Cedar Fair -- Amusement Parks) Listed below is our Master List of MLP's. |
These are NOT recommended purchases, but are just informational. You must
do additional due diligence to find investments suitable to your needs and style.
do additional due diligence to find investments suitable to your needs and style.
Copyright 2006-2008 SGM Publishing |
| Updated 4/27/2008 |
| Alliance Resource Partners Financials for Period Ending 12/31/2007 Alliance Resource Partners, L.P. engages in the production and marketing of coal primarily to utilities and industrial users in the United States. It offers low-sulfur coal, medium-sulfur coal, and high-sulfur coal. It produces steam coals with varying sulfur and heat contents. Alliance Resource Partners, through its subsidiaries, leases land and operates a coal loading terminal on the Ohio River at Mt. Vernon, Indiana; and resells coal directly and indirectly to utility customers. In addition, the company provides mine products and services, including design and installation of underground mine hoists for transporting employees and materials in and out of the mine; design of systems for automating and controlling various aspects of industrial and mining environments; and design and sale of mine safety equipment, such as its miner and equipment tracking system. Further, it provides ash and scrubber sludge removal, coal yard maintenance, and arranging alternate transportation services. As of December 31, 2007, the company had approximately 712.8 million tons of coal reserves in Illinois, Indiana, Kentucky, Maryland, Pennsylvania, and West Virginia. Alliance Resource Management GP, LLC is the general partner of Alliance Resource Partners, L.P. The company was founded in 1971 and is headquartered in Tulsa, Oklahoma. Yield As Of 4/25/2008 6% |
| Amerigas Partners Financials for Period Ending 12/31/2007 AmeriGas Partners, L.P., through its subsidiary, AmeriGas Propane, L.P., operates as a retail propane distributor in the United States. As of September 30, 2007, it served approximately 1.3 million residential, commercial, industrial, agricultural, and motor fuel customers from approximately 650 district locations in 46 states. The company also sells, installs, and services propane appliances, including heating systems. In addition, it installs and services propane fuel systems for motor vehicles in certain markets. AmeriGas Propane, Inc. serves as the general partner to the company. AmeriGas Partners was founded in 1994 and is based in King of Prussia, Pennsylvania. Yield As Of 4/25/2008 7.5% |
| Atlas Pipeline Holdings Financials for Period Ending 09/30/2007 Atlas Pipeline Holdings, L.P., an energy services provider, together with its subsidiaries, engages in the transmission, gathering, and processing of natural gas and natural gas liquids in the United States. The company owns and operates a 565-mile interstate natural gas pipeline system that extends from southeastern Oklahoma through Arkansas and into southeastern Missouri; and 7 natural gas processing plants and 1 treating facility in Oklahoma and Texas. It also operates a 7,870 miles of active natural gas gathering systems in Oklahoma, Arkansas and Texas, which transport gas from wells and central delivery points in the Mid-Continent region to the company's natural gas processing plants or Ozark Gas Transmission. In addition, the company owns and operates 1,600 miles of active natural gas gathering systems in eastern Ohio, western New York, and western Pennsylvania. It has an omnibus agreement and natural gas gathering agreements with Atlas America, Inc. to gather natural gas for its Appalachian Basin operations from wells operated by Atlas Energy Resources. The company also provides natural gas gathering services in the Anadarko, Arkoma, Golden Trend, and Permian Basins in the southwestern and mid-continent United States, and the Appalachian Basin in the eastern United States; natural gas processing services in Oklahoma and Texas; and interstate gas transmission services in southeastern Oklahoma, Arkansas, and southeastern Missouri. Atlas Pipeline Partners, L.P. operates as a general partner of Atlas Pipeline Holdings, L.P. Atlas Pipeline Holdings, L.P. was founded in 2000 and is based in Moon Township, Pennsylvania. Yield As Of 4/25/2008 4.5% |
| Atlas Pipeline Partners Financials for Period Ending 09/30/2007 Atlas Pipeline Partners, L.P. and its subsidiaries engage in the transmission, gathering, and processing of natural gas. The company primarily provides natural gas gathering services in the Anadarko, Arkoma, Golden Trend, and Permian Basins in the southwestern and mid-continent United States and the Appalachian Basin in the eastern United States. It also offers natural gas processing services in Oklahoma and Texas, as well as provides interstate gas transmission services in southeastern Oklahoma, Arkansas, and southeastern Missouri. Atlas Pipeline Partners owns and operates a 565-mile interstate pipeline system that extends from southeastern Oklahoma through Arkansas and into southeastern Missouri; 7,870 miles of active natural gas gathering systems located in Oklahoma, Arkansas, and Texas; and 1,600 miles of active natural gas gathering systems located in eastern Ohio, western New York, and western Pennsylvania. Atlas Pipeline Partners GP, LLC serves as the general partner of the company. Atlas Pipeline Partners was founded in 1999 and is based in Moon Township, Pennsylvania. Yield As Of 4/25/2008 9% |
| Boardwalk Pipeline Partners Financials for Period Ending 09/30/2007 Boardwalk Pipeline Partners, LP, through its subsidiaries, engages in the interstate transportation and storage of natural gas in the United States. The company owns and operates 2 natural gas pipeline systems to transport and store natural gas for local distribution companies, municipalities, interstate and intrastate pipelines, direct industrial users, electric power generation plants, marketers, and producers. As of December 31, 2007, the company owned and operated approximately 13,550 miles of pipeline directly serving customers in 11 states and indirectly serving customers in the northeastern and southeastern United States; and owned 11 underground storage fields in 4 states with working gas capacity of approximately 155.0 billion cubic feet. Boardwalk GP, LP serves as the general partner of the company. The company was founded in 2003 and is headquartered in Houston, Texas. Boardwalk Pipeline Partners, LP is a subsidiary of Boardwalk Pipelines Holding Corp. Yield As Of 4/25/2008 7.4% |
| Buckeye Partners Financials for Period Ending 09/30/2007 Buckeye GP Holdings L.P., through its general partner interests in Buckeye Partners, L.P., engages in the transportation, terminalling, and storage of refined petroleum products for integrated oil companies, refined products marketing companies, and end users of petroleum products. The company operates in three segments: Pipeline Operations, Terminalling and Storage, and Other Operations. The Pipeline Operations segment owns and operates petroleum products pipelines that transports refined petroleum products, including gasoline, jet fuel, diesel fuel, heating oil, kerosene and natural gas liquids, propane and butane, refinery feedstock, and blending components. As of December 31, 2007, the segment owned and operated approximately 5,400 miles of pipeline serving 17 states, and operated approximately 2,700 miles of other pipelines under agreements with oil and chemical companies. The Terminalling and Storage segment owns 50 terminals located in Illinois, Indiana, Massachusetts, Michigan, Missouri, New York, Ohio, Pennsylvania, and Wisconsin that provides bulk storage and throughput services and has the capacity to store an aggregate of approximately 19.6 million barrels of refined petroleum products. The Other Operations segment includes pipeline operation and maintenance services and pipeline construction services for third parties pursuant to contractual arrangements. It owns an approximately 23-mile pipeline located in Texas and leases a portion of the pipeline to a third-party chemical company. This segment also owned approximately 63% interest in a crude butadiene pipeline, as well as owns and operates an ammonia pipeline in Texas. In addition, it provides engineering and construction management services to chemical companies in the Gulf Coast area. MainLine Management LLC serves as the general partner of Buckeye GP Holdings L.P. The company was founded in 1986 and is headquartered in Breinigsville, Pennsylvania. Yield As Of 4/25/2008 7.4% |
| Cedar Fair Partners Financials for Period Ending 09/30/2007 Cedar Fair, L.P. owns and operates amusement and water parks primarily in the United States. The company owns 11 amusement parks, including Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Kings Island near Cincinnati, Ohio; Canada's Wonderland near Toronto, Canada; Dorney Park & Wildwater Kingdom located near Allentown in South Whitehall Township, Pennsylvania; Valleyfair located near Minneapolis/St. Paul in Shakopee, Minnesota; Michigan's Adventure located near Muskegon, Michigan; Kings Dominion near Richmond, Virginia; Carowinds in Charlotte, North Carolina; Worlds of Fun located in Kansas City, Missouri; Knott's Berry Farm located near Los Angeles in Buena Park, California; and California's Great America located in Santa Clara, California. It also owns and operates the Castaway Bay Indoor Waterpark Resort in Sandusky, Ohio; six separate-gated outdoor water parks; and five hotels. Cedar Fair Management, Inc. operates as a general partner of the company. Cedar Fair, L.P. was founded in 1983 and is based in Sandusky, Ohio. Yield As Of 4/25/2008 8.3% |
| Copano Energy Partners Financials for Period Ending 06/30/2008 Copano Energy, L.L.C. owns and operates natural gas gathering and intrastate transmission pipeline assets, and natural gas processing facilities in central and eastern Oklahoma, Texas, Wyoming, and Louisiana. It provides natural gas gathering, compression, dehydration, treating, transportation, processing, and conditioning services to natural gas producers. As of December 31, 2007, the company operated approximately 6,000 miles of natural gas gathering and transmission pipelines, as well as 6 natural gas processing plants, with approximately 1 billion cubic feet per day of combined processing capacity. It also operated 150 miles of NGL pipelines and 67-mile crude oil pipeline, as well as owned approximately 600 miles of natural gas pipelines and the Southern Dome plant. The company also holds a 37% stake in Fort Union Gas Gathering LLC, which operates 106 miles of natural gas pipelines in Wyoming's Powder River Basin, and a 51% stake in Bighorn Gas Gathering LLC, which includes approximately 238 miles of natural gas gathering pipelines and transports gas into the Fort Union system. The company serves third-party pipelines, processing plants, distribution companies, power generation facilities, and industrial consumers. Copano Energy was founded in 2001 and is based in Houston, Texas. Yield As Of 4/25/2008 5.8% |
| Crosstex Energy Partners Financials for Period Ending 09/30/2007 Crosstex Energy, L.P., through its subsidiaries, operates as an independent midstream energy company. The company operates in two segments, Midstream and Treating. The Midstream segment focuses on the gathering, processing, transmission, and marketing of natural gas and natural gas liquids in Texas Gulf Coast in the north Texas Barnett Shale area, and in Louisiana and Mississippi. It also offers natural gas marketing services on behalf of producers for natural gas. As of December 31, 2007, this segment had approximately 5,000 miles of pipeline, 12 natural gas processing plants, and 4 fractionators. The Treating segment focuses on the removal of impurities, such as carbon dioxide and hydrogen sulfide from natural gas prior to delivering the gas into pipelines in the Texas and Louisiana gulf coast. It also involves in dew point control business. This segment had approximately 225 natural gas amine-treating plants and 55 dew point control plants. Crosstex Energy GP, L.P. serves as the general partner for Crosstex Energy, L.P. The company was founded in 1992 and is based in Dallas, Texas. Yield As Of 4/25/2008 7.5% |
| DCP Midstream Financials for Period Ending 09/30/2007 DCP Midstream Partners, LP engages in gathering, compressing, treating, processing, transporting, and selling natural gas. It also produces, transports, stores, and sells propane and other natural gas liquids. The company's Natural Gas Services segment consists of North Louisiana system, an integrated pipeline system located in northern Louisiana and southern Arkansas. This system comprises the Minden processing plant and gathering system that includes a cryogenic natural gas processing plant supplied by approximately 725 miles of natural gas gathering pipelines; the Ada processing plant and gathering system, which includes a refrigeration natural gas processing plant supplied by approximately 130 miles of natural gas gathering pipelines; and the Pelico Pipeline, LLC system, an intrastate natural gas gathering and transportation pipeline, as well as the Lindsay, a gathering system that consists of approximately 225 miles of natural gas pipeline. The company's Wholesale Propane Logistics segment comprises six owned propane rail terminals in the Midwest and northeastern United States; one leased propane marine terminal in Providence, Rhode Island; one propane pipeline terminal in Midland, Pennsylvania; and access to various open access pipeline terminals. The company's NGL Logistics segment includes Seabreeze pipeline, an approximately 68-mile intrastate NGL pipeline; and Wilbreeze pipeline, an approximately 39-mile intrastate NGL pipeline in Texas. This segment also holds a 45% interest in the Black Lake Pipe Line Company that owns an approximately 317-mile interstate NGL pipeline in Louisiana and Texas. In addition, the company has interests in natural gas gathering and compression assets located in Grady, Garvin, and McClain Counties in Oklahoma; the Piceance Basin, western Colorado; and the Powder River Basin, Wyoming. DCP Midstream GP, LP serves as a general partner for the company. The company was founded in 2005 and is based in Denver, Colorado. Yield As Of 4/25/2008 7.9% |
| Dorchester Minerals Financials for Period Ending 09/30/2007 Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and non-producing, royalty, overriding royalty, net profits, and leasehold interests in oil and natural gas properties in the United States. The company owns royalty properties located in 573 counties and parishes in 25 states. Dorchester Minerals Management LP serves as the general partner of the company. Dorchester Minerals, L.P. was founded in 1982 and is based in Dallas, Texas. Yield As Of 4/25/2008 9.2% |
| Enbridge Energy Management Financials for Period Ending 06/30/2008 Enbridge Energy Management, L.L.C., through its partnership interests in Enbridge Energy Partners, L.P., owns and operates crude oil and liquid petroleum transportation and storage assets in the United States. It also owns natural gas gathering, treating, processing, transportation, and marketing assets. Enbridge Energy Company, Inc. serves as the general partner of the company. The company was founded in 2002 and is based in Houston, Texas. Yield As Of 4/25/2008 7.5% |
| Enbridge Energy Partners Financials for Period Ending 09/30/2007 Enbridge Energy Partners, L.P. owns and operates crude oil and liquid petroleum transportation and storage assets, and natural gas gathering, treating, processing, transmission, and marketing assets in the United States. It operates in three segments: Liquids, Natural Gas, and Marketing. The Liquids segment includes Lakehead system, which consists of crude oil and liquid petroleum pipeline comprising approximately 3,300 miles; Mid-Continent system consisting of approximately 480 miles of crude oil pipelines and approximately 16.7 million barrels of storage capacity; and North Dakota system comprising approximately 330 miles of crude oil gathering lines. The Natural Gas segment comprises East Texas system, including approximately 3,800 miles of natural gas gathering and transportation pipelines, 8 natural gas treating plants, and 7 natural gas processing plants; Anadarko system consisting of approximately 1,700 miles of natural gas gathering and transportation pipelines, 1 natural gas treating plant, and 6 natural gas processing plants; and North Texas system comprising approximately 4,500 miles of natural gas gathering pipelines and 10 natural gas processing plants, as well as includes trucks, trailers, and railcars for transporting natural gas liquids, crude oil, and carbon dioxide. The Marketing segment provides natural gas supply, transportation, balancing, storage, and sales services to industrial, utility, and power plant end use customers with a focus on Texas, Oklahoma, Alabama, Mississippi, and Louisiana areas. Enbridge Energy Company, Inc. serves as the general partner of the company. Enbridge Energy Partners was founded in 1991 and is based in Houston, Texas. Yield As Of 4/25/2008 7.8% |
