What were the reasons for: “The propane business faced a challenging operating environment producing results short of our expectations, ...”
DCF was 133.9M in the last 3 month compared to a year ago level of 130.4Mdistribution coverage over the last 6 months seems fine. 229.9m of DCF divided by 121.6M shares currently outstanding.
Yeah, it does seem like the dividend is covered and a distribution yield of 7.76% beats all of the MLPs that I follow. No where near maxing out my position in NRGY yet...
Clarification: Propane Division
Does not justify down 7%
Getting absolutely hammered @ the open.