In the previous article, we saw the top five worst midstream MLP performers on Thursday, October 22, 2015. In this article, we’ll talk about the top five best midstream MLP performers on the same day.
JP Energy Partners
JP Energy Partners (JPEP) was the best performer among midstream MLPs at the end of trading on Thursday, October 22. JP Energy rose 2.6%. It has returned -34.9% YTD (year-to-date).
Its poor YTD market performance can be attributed to its stagnant distribution growth, volatile cash flows, and low distribution coverage. The partnership is mainly involved in natural gas and NGL (natural gas liquids) transportation and storage.
Niska Gas Storage Partners
Next in our list of top midstream MLP performers is Niska Gas Storage Partners (NKA). Niska rose 1.5%. With yesterday’s gain, the partnership’s YTD returns improved to 13.2%. Niska mainly provides natural gas storage in North America.
Other best performers
Delek gained 0.42%, while TransMontaigne and Holly Energy fell 0.16% and 0.24%, respectively. This shows how badly the entire midstream sector did yesterday. The partnerships have returned -6.1%, 1.4%, and 12.5%, respectively, YTD.
The Alerian MLP ETF (AMLP) and the UBS ETRACS Alerian MLP ETN (AMU) have returned -24.1% and -29.6%, respectively, YTD. For context, the upstream energy company heavy SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has returned -22.4% YTD.
For more such company and industry analyses on master limited partnerships, visit Market Realist’s Master Limited Partnerships page.