Exterran Partners overview: Recent success and key trends (Part 6 of 6)
The below table shows key statistics for Exterran Partners (EXLP) compared to select midstream MLPs. Exterran’s closest comp is USA Compression Partners (USAC), another pure-play natural gas compression company. Regency Energy (RGP) also engages in some natural gas compression services, though it only makes up a fraction of the company’s total operations. These companies affect the Oppenheimer SteelPath MLP Funds Trust (AMLP).
Exterran Partners’ stock is up significantly since 2012, as the company has been able to improve its financial position both through acquisitions and through organic growth through improved market conditions.
Exterran Partners represents a pure-play natural gas compression name that provides contract natural gas compression services and is the largest independent provider of compression in the U.S. EXLP has a special relationship with its general partner, Exterran Holdings (EXH). Several other midstream companies, such as Access Midstream (ACMP) and Regency Energy (RGP), perform natural gas compression among a suite of other services. Several other midstream companies, such as Access Midstream (ACMP) and Regency Energy (RGP), perform natural gas compression among a suite of other services.
Exterran Partners recently announced a major acquisition of natural gas compression assets from Chesapeake Energy. To read more about that, please see the Market Realist series Why Chesapeake Energy’s asset sale is positive for all parties.
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