Antero Midstream: Top Midstream Loser on Friday, July 31


Nov. 20 2020, Updated 12:35 p.m. ET

Top losers

In the last part of this series, we saw the top five midstream MLP gainers on Friday, July 31. 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 loser among midstream MLPs at the end of trading on Friday, July 31. It fell 5.02%. The stock has returned -2.98% YTD (year-to-date). Antero Midstream 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.

Western Refining Logistics

Western Refining Logistics (WNRL) is next on our list of the top five midstream MLP losers on July 31. It fell 4.66%. The company may bounce back given its strong 2Q15 distribution growth. In a press release published on Friday, Western Refining Logistics declared a quarterly cash distribution of $0.365 per common unit for 2Q15, or $1.46 on an annualized basis. This represents a 27% rise over the minimum quarterly distribution and a 5% sequential rise over the 1Q15 distribution per unit of $0.3475.

Other losers

Enbridge Energy Partners (EEP), Crestwood Midstream Partners (CMLP), and Williams Partners (WPZ) were among the top five midstream MLP losers on Friday, July 31. They fell 4.15%, 3.57%, and 2.41% in the last trading session, respectively. They’ve returned -21.23%, -34.19%, and -9.65% YTD, respectively.

Enbridge Partners and Williams Partners released their 2Q15 earnings on July 30. We’ll discuss their fall after the earning announcement in a separate post-earnings analysis series. So, keep an eye on Market Realist’s Master Limited Partnerships page.

The Alerian MLP ETF (AMLP) has returned -12.04% YTD. Together, Crestwood Midstream Partners, Williams Partners, and Enbridge Partners account for ~12.84% of AMLP. For context, the upstream energy company heavy SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has returned -19.87% YTD.


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