Most of the midstream companies we cover in our articles serve the oil and gas industry, but this company has a bit of a niche - its operations revolve around ethanol produced by its parent company. The stock yields 8.8%, with strong coverage of 1.27x in Q4 '16. Management has raised the distribution five straight quarters, and coverage also has increased each quarter. Q4 '16: Revenue grew 25%, net income 36%, EBITDA 33%, DCF 26% and EPS 35%.
Green Plains Partners LP (NASDAQ:GPP) is a fee-based, limited partnership formed by Green Plains Inc. to provide ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. GPRE owns 62.5% of GPP and public unit-holders hold 35.5%. GPP IPO'd in June 2015 and is headquartered in Omaha, Nebraska.
Source: Seeking Alpha
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