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July 2020: Pipeline projects

July 14, 2020 By    

Each month, LP Gas provides updates on the U.S. propane market, as well as the latest trends. The data for July 2020 focuses on completed liquid pipeline projects. This month’s data comes from the U.S. Energy Information Administration.

Stock information for Ferrellgas and Suburban Propane is also provided.

PROPANE MARKET METRICS

From January 2019 through April 2020, 15 projects carrying hydrocarbon gas liquids (HGL) were brought online, according to the U.S. Energy Information Administration. HGL pipeline project listings in the database detail the types of products each pipeline carries, which can be one or more pure products (such as ethane or propane) or an unseparated mixture known as Y-grade. All HGL pipelines completed from January 2019 through April 2020 carry Y-grade, and most of these projects move the Y-grade from producing regions (primarily the Permian Basin in western Texas and eastern New Mexico) toward the Gulf Coast. At the destination, the unseparated Y-grade is fractionated – or refined – at a growing number of fractionation plants into pure products. New projects bringing HGL to the Gulf Coast include the Grand Prix pipeline, the Shin Oak pipeline and the EPIC pipeline.

Chart: U.S. Energy Information Administration

Chart: U.S. Energy Information Administration


STOCK WATCH

Company 12-month chart (as of June ’20) Price (6/17/20) Current Yield 52-Week Low 52-Week High YTD Price
Performance
Ferrellgas – FGP Please Fill Out The Following Fields. $0.43 0.0% 0.14 1.22 27.9%
Suburban Propane – SPH Please Fill Out The Following Fields. 15.51 15.5% 8.64 24.89 (29.0%)

Source: Company data, FactSet and Wells Fargo Securities LLC

Note: Ferrellgas delisted from the New York Stock Exchange in January and now trades on the OTC Markets.

*Featured image: iStock.com/MicroStockHub

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