In the last part, we saw the top five midstream MLP losers on Monday, October 26. In this part, we’ll discuss the top five midstream MLP gainers on the same day.
Transmontaigne Partners (TLP) was the top gainer among midstream MLPs at the end of trading on Monday, October 26. It rose 3.1% yesterday. With yesterday’s gain, Transmontaigne Partners’ YTD (year-to-date) returns improved to 1.1%. The partnership mainly provides crude oil and refined products terminaling services.
PBF Logistics (PBFX) is next on our list of the top midstream MLP gainers. It rose 1.2% yesterday. It has returned -2.6% YTD. PBF Logistics was formed by PBF Energy (PBF) to own, operate, develop, and acquire crude oil and refined products terminal, storage, pipeline, and other logistics assets. Read Energy MLPs: How Did 6 Logistics Subsidiaries Perform in 2Q15? for a comparative analysis of six US logistics subsidiaries, including PBF Logistics.
The next three MLPs on the list of the top five midstream MLP gainers on October 26 are Dominion Midstream Partners (DM), Enable Midstream Partners (ENBL), and World Point Terminals (WPT). They rose 0.60%, 0.49%, and 0.28%, respectively. These three MLPs have returned -18.4%, -36%, and -29.9% YTD.
The Alerian MLP ETF (AMLP) and the Global X MLP & Energy Infrastructure ETF (MLPX) have returned -26.60% and -22.64% YTD. For context, the upstream energy company heavy SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has returned -24.7% YTD.
For more company and industry analysis on MLPs, visit Market Realist’s Master Limited Partnerships page.