AGEdwards put out a "recent development" report on NRGY and NRGP today, lowering their forecasts somewhat. No change in overall ranking (buy/aggressive).
Here are their bullet summary points for the NRGY report.
"Revising Estimates due to Warmer than Expected Weather .. We are revising our fiscal 2007 estimates for NRGY due to temperatures during November and December (NRGY's F1Q07) that were approximately 15% warmer than normal and 12% warmer than last year. .. Our FY07 distribution estimate is revised slightly to $2.30 per unit from $2.33 per unit, which still represents a 7.5% increase over FY06. .. Over the next two years distribution growth should benefit from $287 million of midstream projects and acquisitions coming on stream. .. Despite the weather risk, we rate NRGY a Buy based on its growth potential in the natural gas segment in 2H07/08, coupled with an attractive yield of 7.5%."