The Yorkville High Income MLP ETF (YMLP) rose 3.7% in the week ended August 14. YMLP tracks the Solactive High Income MLP Index, also called the YMLP index.
The Credit Suisse X-Links Cushing MLP Infrastructure ETN (MLPN) rose 5.1% in the week ended August 14. MLPN tracks the Cushing 30 MLP Index.
The JPMorgan Alerian MLP Index ETN (AMJ) rose 4.7% in the week ended August 14, 2015. Its underlying index is the Alerian MLP Index (AMZ).
The ETRACS Alerian MLP Infrastructure Index ETN (MLPI) rose 5.3% in the week ended August 14. It closely tracks the Alerian MLP Infrastructure Index (AMZI), its underlying index.
The Alerian MLP ETF seeks to track the performance of the Alerian MLP Infrastructure Index (AMZI). AMZI is a market capitalization–weighted index focused on energy infrastructure MLPs.
The Alerian MLP ETF (AMLP) traded at a yield of 8.0% at the end of the week ending August 14. The yield fell during the week from 8.05% at the end of the previous week.
WTI (West Texas Intermediate) crude oil prices continued to fall in the week ending August 14. WTI prices fell to close at $42.5 per barrel on Friday
According to data released on August 12, US crude oil inventories fell 0.4% in the week ending August 7 compared to the previous week.
Mont Belvieu ethane prices rose to 20 cents per gallon for the week ending August 14, 2015. The price was 19.75 cents per gallon for the week ending August 7.
The Henry Hub–Mont Belvieu fractionation spread fell marginally to $6.91 per barrel for the week ending August 14, 2015.
Benchmark Henry Hub natural gas prices remained flat at $2.80 per MMBtu (British thermal units in millions) in the week ended August 14.
AMLP gained almost as much as the VanEck Vectors Oil Services ETF (OIH) in the week ending August 14.
The biggest losers among upstream MLPs are Atlas Resource Partners, Legacy Reserves, BreitBurn Energy Partners, and Mid-Con Energy Partners.
World Point Terminals (WPT) was the top loser among midstream MLPs at the end of trading on Monday, August 17. It fell 2.51% yesterday.
Enterprise Product Partners (EPD) is currently the largest midstream MLP in terms of market capitalization. It rose 4.15% yesterday.
Of the analysts surveyed by Bloomberg, 76% rate Magellan Midstream Partners (MMP) a “buy” and 24% rate it a “hold.” There are no “sell” recommendations related to the MLP.
One of Magellan Midstream Partners’s key growth projects is the Saddlehorn Pipeline, in partnership with Plains All American (PAA) and Anadarko Petroleum (APC).
One of the reasons for Magellan Midstream Partners’ relatively lower distribution yield might be its strong distribution coverage ratio. At well above 1x, MMP is relatively less risky.
The Marine Storage segment contributed 10% of Magellan Midstream Partners’ EBITDA in the second quarter. The segment’s EBITDA increased 19% year-over-year.
Refined Products is Magellan Midstream Partners’ biggest segment. It contributed half of the company’s earnings before interest, tax, depreciation, and amortization in 2Q15.