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Rose Rock Midstream: Top Midstream MLP Gainer on September 17

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Sep. 18 2015, Published 2:57 p.m. ET

Top gainers

Rose Rock Midstream (RRMS) was the top gainer among midstream MLPs at the end of trading on Thursday, September 17. It rose 4.16% yesterday.

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Rose Rock Midstream

Rose Rock Midstream lost 40.46% of its equity value since the beginning of this year. It provides crude oil gathering, transportation, storage, and marketing services. According to the company, “The partnership own and operate a network of more than 1,900 miles of crude oil pipelines and 10.1 million barrels of crude storage.” Its general partner is held by SemGroup (SEMG).

VTTI Energy Partners

VTTI Energy Partners (VTTI) is next on our list of the top midstream MLP g. It rose 3.24% yesterday. With yesterday’s gain, VTTI’s YTD (year-to-date) returns improved to -15.08%. The partnership mainly provides crude oil and refined products terminaling services.

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Other gainers

The next three MLPs on the list of the top five midstream MLP gainers on September 17 are Cone Midstream Partners (CNNX), ONEOK Partners (OKS), and Targa Resources Partners (NGLS). They rose 3.15%, 2.89%, and 2.84%, respectively. These three MLPs have returned -53.81%, -15.44%, and -31.83% YTD.

The rout in Targa Resources Partners’ market performance can be attributed to its natural gas and NGL (natural gas liquid) price exposure. For a detailed overview of its commodity price exposure, read An Investor’s Guide to Targa Resources.

The Alerian MLP ETF (AMLP) and the First Trust North American Energy Infrastructure Fund (EMLP) rose 0.14% and 0.96%, respectively. Together, ONEOK Partners and Targa Resources Partners account for 9.75% of AMLP. For context, the upstream energy company heavy SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 0.68% on the same day.

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