Best performers

JP Energy Partners (JPEP) was the best performer among midstream MLPs at the end of trading on Thursday, August 27. In fact, the entire midstream sector performed well yesterday due to the sharp rise in crude oil prices. WTI (West Intermediate Texas) crude rallied 10.30% yesterday—its biggest single-day gain since March 2019. We’ve discussed this in the last part of this series.

JP Energy Partners: Best Midstream MLP Performer on August 27

JP Energy Partners

JP Energy Partners rose 13% in a single trading session yesterday. However, the company is still way below its price levels from the beginning of the year. It has returned -35.32% YTD (year-to-date). The partnership mainly provides crude oil, refined products, and NGL (natural gas liquid) gathering, transportation, and storage services.

Midcoast Energy Partners

Midcoast Energy Partners (MEP) is next on our list of the top midstream MLP performers. It rose 10.12% yesterday. With yesterday’s gain, the company’s YTD return improved to -14.11%. Midcoast Energy Partners was formed by Enbridge Energy Partners (EEP) to own and grow its natural gas and NGL midstream business in the US. Both of the partnerships are part of Enbridge (ENB). Currently, Midcoast Energy Partners operates the following two businesses:

  • natural gas gathering, processing, and transportation
  • logistics and marketing

According to Midcoast Energy, its “Logistics and Marketing business markets natural gas, NGLs and condensate received from the gathering, processing and transportation business to wholesale customers.”

Other best performers

American Midstream Partners (AMID), Dominion Midstream Partners (DM), and Phillips 66 Partners (PSXP) were among the top five best midstream MLP performers on Thursday, August 27. They rose 7.62%, 7.20%, and 6.83% in the last trading session, respectively. These three stocks have returned -29.78%, -8.06%, and -10.59% YTD.

The Alerian MLP ETF (AMLP) and the JPMorgan Alerian MLP ETN (AMJ) rose 2.92% and 4.35% yesterday, respectively. For context, the upstream energy company heavy SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 6.45% on the same day.

Latest articles

After opening on a bearish note on Wednesday, Tesla (TSLA) was trading with 4.8% losses for the day, near $195.25 at 1:16 PM ET.

With voting conducted in seven phases panning six weeks, India’s (EPI) elections have been a grand affair—to say the least. Tomorrow is the day of the results.

Qualcomm (QCOM) stock fell more than 10% in the first half of trading on May 22 after it lost its licensing lawsuit with the US FTC (Federal Trade Commission).

Apple (AAPL) suffered a setback recently when the US Supreme Court allowed an antitrust lawsuit against the company to proceed.

Today doesn’t seem to be a good day for electric vehicle companies. Earlier today, NIO stock hit an all-time low of $4.00.

22 May

Cannabis Stocks Struggle to Find Direction


The cannabis sector has been struggling to find direction on May 22, with cannabis stocks trading on a largely mixed note in the first half.