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Holly Energy Partners: Best Midstream MLP Performer on August 24

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Aug. 25 2015, Published 3:00 p.m. ET

Best performers

In the last part in this series, we saw the top five worst midstream MLP performers on Monday, August 24. In this part, we’ll discuss the top five best midstream MLP performers on the same day.

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Holly Energy Partners

Holly Energy Partners (HEP) was the best performer among midstream MLPs at the close of trade on Monday, August 24. It rose 1.77% yesterday. The stock has returned 1.67% YTD (year-to-date). 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 rise over 2Q14 and a 1.30% sequential increase over the distribution of $0.5375 in 1Q15.

Summit Midstream Partners

Summit Midstream Partners (SMLP) is next on our list of the top best midstream MLP performers. It rose 0.91% yesterday. However, it has lost 41.42% of its market value since the beginning of this year. The partnership provides crude oil, natural gas, and produced water gathering services.

Other best performers

The next three stocks on the list of the top five best midstream MLP performers on August 24—including USD Partners (USDP), Antero Midstream Partners (AM), and Niska Gas Storage Partners (NKA)—were actually losers. This shows how badly the entire midstream sector did yesterday. They fell 0.72%, 1.14%, and 1.48%, respectively. They’ve returned -22.16%, -21.45%, and 12.16% YTD.

The Alerian MLP ETF (AMLP) and the Global X MLP ETF (MLPA) have returned -17.52% and -25.16% YTD. For context, the upstream energy company heavy SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has returned -30.42% YTD.

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