Phillips 66 Partners: Top Midstream Loser on Friday, July 17


Aug. 18 2020, Updated 5:19 a.m. ET

Top losers

In the last part of this series, we saw the top five midstream MLP (master limited partnership) gainers on Friday, July 17. In this part, we’ll discuss the top five midstream MLP losers on the same day.

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Phillips 66 Partners

Phillips 66 Partners (PSXP) was the top loser among midstream MLPs at the end of trading on Friday, July 17. It fell 4.44%. The stock fell 13.51% during the last week. This pulled down its YTD (year-to-date) returns to -14.20%. Its market performance has been negatively affected due to negative investor sentiment surrounding energy logistics businesses’ growth prospects. Phillips 66 owns and operates primarily fee-based crude oil, refined petroleum product, and NGL (natural gas liquid) pipelines and terminals.

Southcross Energy Partners

Next on our list of the top five midstream MLP losers on July 17 is Southcross Energy Partners (SXE). Its losing streak continued on Friday after it fell 3.23% the day before. On Friday, the stock fell 3.69%. With this loss, the stock came closer to its 52-week low of $10.71. Southcross Energy has lost a massive 29.50% YTD.

Other losers

DCP Midstream Partners (DPM), Holly Energy Partners (HEP), and TC Pipelines (TCP) were among the top five midstream MLP losers on Friday, July 17. They fell 3.46%, 3.40%, and 3.29% in the last trading session, respectively. They’ve returned -29.98%, 8.26%, and -19.45% YTD, respectively.

The Alerian MLP ETF (AMLP) is comprised of 25 midstream MLPs. It has returned -11.70% YTD. Together, DCP Midstream and TC Pipelines account for ~4.48% of AMLP. For context, the upstream energy company heavy SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has returned -12.70% YTD.


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