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This includes vital energy infrastructure assets like pipelines, storage, transportation, and processing facilities. In other words, Enterprise gets paid for the use of its irreplaceable assets. billion worth of capitalinvestment projects. Should you invest $1,000 in Enterprise Products Partners right now?
These are vital assets, like pipelines and storage, that help move oil, natural gas, and the products into which they get turned around the world. For the most part, the partnership charges fees for the use of its assets, which creates fairly reliable cash flows over time. In 2023, capital spending is projected to be around $2.3
AT&T If you're looking for stocks that can grow their high-yield dividends, you might have overlooked AT&T because it reduced its dividend payout by 47% in 2022 to compensate for the spinoff of its media assets. times adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) last year, from 3.19
It owns physical assets, like pipelines , that help move oil and natural gas from where they are extracted to where they are consumed and/or processed. This is largely a fee-based operation, which means the company is being paid for the use of its assets. The core of the business Enbridge is classified as a midstream company.
An elite income investment Energy Transfer checks all the boxes for me. Roughly 90% of its adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) come from stable, fee-based sources. The MLP also has a well-balanced asset mix. With growth in capital spending expected to be about $3.1
But when Wheaton provides upfront cash, the check can represent a fairly large percentage of the capitalinvestment. The payment it made covered around 78% of the capitalinvestment Vale was making in the Salobo mine. Wheaton already put in as much capital as it intended to.
These deals are expected to be completed by the end of the year and will increase the Enbridge's exposure to natural gas utilities from 12% of earningsbeforeinterest, taxes, depreciation, and amortization (EBITDA) to 22%. billion in proceeds from asset sales this year. billion of liquidity to invest in growth.
Kinder Morgan continues to deliver Over the last few years, Kinder Morgan has posted solid results and made multiple small- to medium-sized acquisitions in legacy oil and gas infrastructure assets, liquefied natural gas (LNG), and renewable natural gas (RNG). Kinder Morgan has done a good job of balancing investments and financial discipline.
One factor driving that view is the company's ability to continue expanding its portfolio of income-producing energy infrastructure assets. Adding another $500 million to the growth engine Enbridge recently enhanced its already solid long-term growth profile by making three new accretive capitalinvestments to advance its U.S.
That said, only around 75% of Enbridge's business is tied to midstream assets. The rest comes from regulated natural gas utilities and renewable power assets backed by long-term contracts. times before the deal to around 1.5 These businesses also provide reliable cash flows. times at the end of 2025. Data by YCharts.
At one point, midstream companies were rapidly building new assets and growing their businesses at a fairly swift pace. That all changed about a decade ago when it became harder to find attractive opportunities to build new assets. But here's the interesting thing: Enterprise and Enbridge are basically toll takers.
While it owns energy infrastructure in both the oil and natural gas spaces, it also owns a natural gas utility and clean energy assets. These are fairly boring assets, but regulated utilities have predictable investment needs and returns set by regulators. billion and has identified 740 megawatts of wind projects to repower.
For Waste Management, asset internalization, mainly waste disposal within its own facilities, is central. Its continuous investments in renewable energy projects further bolster its financial trajectory, indicating optimism with consistent growth despite potential regulatory compliance hurdles.
Don't be put off by a recent lack of dividend growth AT&T slashed its dividend payout in 2022 to adjust for the sale of its unpredictable media assets and pay down an enormous debt load. times adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ). in the first half of next year.
billion by essentially swapping out unsecured notes with new notes secured by the company's assets. Moreover, Carvana will save $455 million on interest expenses in each of the next two years. Then, company assets could be given up. That's a risky place to put your hard-earnedcapital. Where are the profits?
At its core, Enbridge charges fees to companies that are moving oil and natural gas through its system of infrastructure assets. For example, oil pipelines account for about half of adjusted earningsbeforeinterest, taxes, depreciation, and amortization (EBITDA). Image source: Getty Images. But that's today.
That deal will also shift its earnings more toward lower-carbon energy: Image source: Enbridge. As that slide shows, Enbridge will get half of its annual earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) from lower-carbon energy after closing those deals.
It has shed non-core assets like its media division and stake in DIRECTV. It has used its cash flow to invest in expanding its mobile and broadband businesses while directing any excess free cash flow after dividends to repaying debt. Instead, the telecom company plans to start buying back boatloads of its stock.
Those assets include a group of pipelines connecting Texas' Eagle Ford basin to the growing Gulf Coast and Mexican markets. This capitalinvestment will pay off for investors for years with the majority of business underpinned by take-or-pay contracts and average contract lengths of over eight years. That includes its $1.8
AT&T In late 2022, AT&T slashed its dividend payout to compensate for the spinoff of its media assets. Now that most of AT&T's 5G network is already built, capitalinvestments are declining. In the first quarter, adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) rose 4.3%
It charges fees for the use of the physical assets it owns, which creates a reliable stream of cash flows. But Enterprise actually stands out from its closest peers because its debt-to-EBITDA ( earningsbeforeinterest, taxes, depreciation, and amortization ) ratio is roughly 3.1 That's the lowest of the group today.
Roughly 75% of its adjusted earningsbeforeinterest, taxes, depreciation, and amortization (EBITDA) is derived from its oil and natural gas pipeline operations. However, they also provide a clear view of future growth because of government involvement in the capitalinvestment process.
And management expects even faster growth in the quarters ahead as its big capitalinvestments in data centers come on line later this year. The Berkshire CEO stipulates the Gates foundation must disseminate the entirety of his donation each year, plus an additional 5% of its net assets.
EBITDA = Earningsbeforeinterest, taxes, depreciation, and amortization. Understanding Marriott International's Business Model At its core, Marriott International operates an asset-light business model, emphasizing management, franchising, and licensing rather than direct ownership. YOY = Year over year.
EBITDA = Earningsbeforeinterest, taxes, depreciation, and amortization. Operating in nearly 50 markets around the world, it manages a robust portfolio of storage assets and solutions, reflecting its leadership in the sector. YOY = Year over year. pps = Percentage points. billion to $3.7 billion (down from $3.6
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