Transmontaigne Partners: Worst Midstream Performer on September 30


Nov. 20 2020, Updated 1:55 p.m. ET

Worst performers

In the last part, we saw the top five midstream MLP performers on Wednesday, September 30. In this part, we’ll discuss the top five worst midstream MLP performers on the same day.

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Transmontaigne Partners

Transmontaigne Partners (TLP) was the worst performer among midstream MLPs at the end of trading on Wednesday, September 30. It lost 2.16%. With yesterday’s loss, Transmontaigne Partners’ YTD (year-to-date) returns fell to -13.68%. The partnership mainly provides crude oil and refined products terminaling services.

Crestwood Midstream Partners

Crestwood Midstream Partners (CMLP) is next on our list of the top five worst midstream MLP performers on September 30. It fell 0.32% yesterday. At the same time, Crestwood Midstream Partners’ general partner, Crestwood Equity Partners (CEQP), fell 3.40%. Crestwood Midstream has lost 59.29% of its market value since the beginning of this year. The poor market can be attributed to lower NGL (natural gas liquid) and crude oil prices affecting its crude 0il and NGL services segment. For an in-depth analysis of Crestwood Midstream’s recent operating and market performance, read Crestwood Midstream’s 2Q15 Results: Highlights for Investors.

Other worst performers

The next three stocks on the list of the top five worst midstream MLP performers on September 30—including World Point Terminals (WPT), Delek Logistics Partners (DKL), and American Midstream Partners (AMID)—were actually gainers. This shows how well the entire midstream sector did yesterday. They rose 0.07%, 0.37%, and 1.56%, respectively. They have returned -33.40%, -14.86%, and -43.78% YTD.

The Alerian MLP ETF (AMLP) and the JPMorgan Alerian MLP ETN (AMJ) have returned -28.77% and -30.42% YTD. For context, the upstream energy company heavy SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has returned -31.38% YTD.


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