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Quotes of the quarter: Pipeline execs defend MLP model

Feb 28, 2019 - SNL Energy Finance Daily
Financial Results

Oil and gas pipeline executives used fourth-quarter earnings conference calls to re-focus on balance sheet preservation after a year of industry-wide consolidation put the spotlight on the struggling master limited partnership model.

Executives of remaining MLPs also fielded questions about efforts to reorganize either through ditching the partnership structure altogether or abandoning quarterly cash distributions to general partners.

S&P Global Market Intelligence listened to a wide...