25 Straight Hikes, 8% Yield, Big Growth, Big Deal Closing In 2019, 15% Below Price Target

The yield is 8.36%, with strong 1.39X coverage. Revenue grew 16%, EBITDA rose 22%, DCF grew 25%, and net income rose 19% in Q1 '19. Management signed a major deal that will close in the second half of 2019, which will grow DCF by 40%. The stock is 15% below analysts’ lowest price target.

Looking for a high-yield vehicle with strong growth? MPLX LP (MPLX) could fit the bill. MPLX has reported robust growth in every quarter of 2018 and in 2017 due to new assets coming online. They kept the ball rolling in Q1 '19, with more strong growth numbers across the board. This growth was backed by strong throughput volume increases, with Q1 '19 gathering volumes in the northeast up 26%, processing throughput up 18%, and fractionation up 17% vs. Q1 '18.

Source: Seeking Alpha

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