Dominion Midstream Partners (DM) was the top gainer among midstream MLPs at the end of trading on Wednesday, October 14. It rose 4.6% yesterday.
Dominion Midstream Partners
Dominion Midstream has returned -18.4% YTD (year-to-date). It 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 21.1%.
Spectra Energy Partners
Spectra Energy Partners (SEP) is next on our list of the top midstream MLP gainers. It rose 3.4% yesterday. At the same time, its general partner, Spectra Energy (SE) fell 0.28%. Spectra Energy Partners’ gain can be attributed to its recent rating upgrade by a major investment bank. It has returned -22.2%. The partnership mainly provides natural gas and crude oil transportation and storage services.
The next three MLPs on the list of the top five midstream MLP gainers on October 14 are American Midstream Partners (AMID), Delek Logistics Partners (DKL), and Holly Energy Partners (HEP). They rose 2.9%, 2.6%, and 2.5%, respectively. These three MLPs have returned -42.5%, -1.2%, and 12.4% YTD.
Holly Energy Partners’ solid YTD performance can be attributed to its strong annual distribution growth guidance and recent ratings upgrades. It gave a distribution growth guidance of 8% for 2015–2017. Holly Energy Partners was formed by HollyFrontier (HFC) to provide petroleum product and crude oil transportation, terminaling, storage, and throughput services to the petroleum industry.
The Alerian MLP ETF (AMLP) and the UBS ETRACS Alerian MLP ETN (AMU) rose 0.22% and 0.62% yesterday, respectively. For context, the upstream energy company heavy SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 1.1% on the same day.