USD Partners (USDP) was the top gainer among midstream MLPs at the end of trading on Thursday, August 13. It rose 3.20% yesterday.
USD Partners has risen ~18.12% since its ex-dividend date on August 6, 2015. With the rise, USD Partners’ YTD (year-to-date) return has improved to -22.72%. USD Partners was formed by US Development Group to acquire, develop, and operate energy-related rail terminals and other midstream infrastructure assets and businesses.
Niska Gas Storage Partners
Niska Gas Storage Partners (NKA) is next on our list of the top midstream MLP gainers. It rose 1.79% yesterday. Niska has risen 161.06% since the announcement of its acquisition on June 14, 2015. The company will be acquired by Brookfield Infrastructure (BIP) in an all-cash transaction valued at $911.9 million.
According to the company’s press release, “Brookfield will acquire all of Niska’s outstanding common units for $4.225 per common unit in cash and will acquire the managing member and the incentive distribution rights in Niska.”
After the acquisition of Niska’s natural gas storage assets, Brookfield Infrastructure’s energy infrastructure presence will grow significantly in the US. According to Brookfield Infrastructure, currently its “business consists of the ownership and operation of premier utilities, transport, energy and communications infrastructure assets in North and South America, Australia, and Europe.”
The next three stocks on the list of the top five midstream MLP gainers on August 13 are Columbia Pipeline Partners (CPPL), Delek Logistics Partners (DKL), and Enable Midstream Partners (ENBL). They rose 1.21%, 1.20%, and 1.05%, yesterday. Delek Logistics Partners and Enable Midstream Partners have returned 11.67% and -15.94% YTD, respectively. Columbia Pipeline Partners started trading in February 2015. Since then, the stock has returned -25.23%
The Alerian MLP ETF (AMLP) and the JPMorgan Alerian MLP Index ETN (AMJ) fell 1.16% and 1.46% yesterday, respectively. For context, the upstream energy company heavy SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 2.83% on the same day.