Antero Midstream Partners: Top Midstream MLP Gainer on August 20

Kurt Gallon - Author

Aug. 25 2015, Updated 7:12 a.m. ET

Top gainers

In the last part of this series, we saw the top five midstream MLP losers on August 20. In this part, we’ll discuss the top five midstream MLP losers on the same day.

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Antero Midstream Partners

Antero Midstream Partners (AM) was the top gainer among midstream MLPs at the end of trading on Thursday, August 20. It rose 2.07% in a single trading session yesterday. Antero Midstream has fallen -19.24% YTD (year-to-date). It provides gathering and compression services to Antero Resources (AR) under long-term, fixed-fee contracts. Antero Resources holds a general partner interest in Antero Midstream.

Transmontaigne Partners

Transmontaigne Partners (TLP) is next on our list of the top midstream MLP gainers. It rose 0.88% yesterday. With yesterday’s gain, its YTD returns improved to -1.94%. The company provides petroleum products, crude oil, chemicals, fertilizers, and other liquid products transportation, storage, and terminaling services.

Other gainers

The next three stocks on the list of the top five midstream MLP gainers on August 17 are Enable Midstream Partners (ENBL), World Point Terminals (WPT), and Holly Energy Partners (HEP). They rose 0.63%, 0.63%, and 0.55%, respectively. They’ve returned -17.23%, -28.23%, and -1.71% YTD. The Alerian MLP ETF (AMLP) and the UBS ETRACS Alerian MLP ETN (AMU) fell 1.24% and 2.09% yesterday, respectively.

Holly Energy Partners’ units have performed better than most midstream MLPs since the beginning of this year mainly due to its lower commodity price exposure. Its 2Q15 distributable cash flow grew by 9% YoY (year-over-year) compared to 2Q14. It declared a quarterly cash distribution of $0.5450 per common unit for 2Q15. This represents a 6% YoY increase over 2Q14 and a 1.30% sequential increase over the distribution of $0.5375 in 1Q15.

Holly Energy Partners provides petroleum product and crude oil transportation, terminaling, storage, and throughput services to the petroleum industry. HollyFrontier (HFC) is an independent petroleum refiner and marketer. It owns the general partner of Holly Energy Partners.


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