20% Distribution Growth Through 2021, Guidance Up Again, Record Earnings, 8.6% Yield

The yield is 8.6%, with strong 1.19x trailing coverage, and robust distribution coverage guidance of 1.6X to 1.7X in 2019. Management reaffirmed 20% annual distribution growth through 2021. Management raised EBITDA guidance again to 65% growth in 2019. It's -16% below analysts' lowest price target and -23% below the consensus price target.

Looking for strong distribution growth in the high-yield space? Coupled with good trailing coverage and robust forward distribution coverage guidance? How about rising EBITDA guidance? And maybe a side of fries and a milk shake with your order? The fact is, you can have it all with Oasis Midstream Partners LP (OMP), a one-year old MLP whose management has reaffirmed its guidance for 20% annual distribution growth through 2021.

Source: Seeking Alpha

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