Enable Midstream Partners (ENBL) was the top gainer among midstream MLPs at the end of trading on Friday, August 7. It rose 6.10% in a single trading session on Friday.
Enable Midstream Partners
Enable Midstream fell 5.48% after its weak 2Q15 earnings were announced on Wednesday, August 5. It has rallied in the last two trading sessions. This reflects the tug-of-war between bullish and bearish traders in Enable Midstream’s stock. Recently, Enable Midstream breached its 52-week low. It has returned -18.36% YTD (year-to-date). The partnership provides natural gas gathering, processing, transportation, and storage services.
Dominion Midstream Partners
Dominion Midstream Partners (DM) is next on our list of the top midstream MLP gainers. It rose 2.95% on Friday. The stock has returned -14.46% YTD. Dominion Midstream was formed by Dominion Resources (D) to provide natural gas transportation, storage, and regasification services. It started trading in October 2014. Since then, the stock has returned 26.96%.
The next three stocks on the list of the top five midstream MLP gainers on August 7 are DCP Midstream (DPM), Enterprise Product Partners (EPD), and ONEOK Partners (OKS). They rose 2.05%, 1.97%, and 1.73%, respectively. These three stock have returned -39.69%, -26.83%, and -21.22% YTD. Enterprise Product Partners has fallen 10.16% since its 2Q15 earnings were released on July 29, 2015. For an in-depth analysis of Enterprise Product Partners’ 2Q15 earnings, read Enterprise Products’ 2Q15 Results: Key Takeaways for Investors.
The Alerian MLP ETF (AMLP) is comprised of 25 midstream MLPs. It fell 0.07% on Friday. Together, ONEOK Partners, DCP Midstream, and Enterprise Product Partners account for ~17.09% of AMLP. Enterprise Product Partners is the largest holding of AMLP. It accounts for 10.21% of the ETF. For context, the upstream energy company heavy SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 3.02% on the same day.