23 Nov

Dominion Midstream Partners: Top Midstream MLP Gainer

WRITTEN BY Kurt Gallon

Top gainers

In the last part, we saw the top five midstream MLP losers on Friday, November 20. In this part, we’ll discuss the top five midstream MLP gainers on the same day.

Dominion Midstream Partners: Top Midstream MLP Gainer

Dominion Midstream Partners

Dominion Midstream Partners (DM) was the top gainer among midstream MLPs at the end of trading on Friday, November 20. With this gain, Dominion Midstream Partners’ YTD (year-to-date) returns improved to -16.6%. Dominion Midstream was formed by Dominion Resources (D) to provide natural gas transportation, storage, and regasification services.

Western Refining Logistics

Western Refining Logistics (WNRL) is next on our list of the top midstream MLP gainers. It rose 2.3% on Friday. It has returned -21.8% since the beginning of this year. Western Refining (WNR) formed Western Refining Logistics to own, operate, and develop pipelines, storage tanks, terminals, and other logistics assets.

 Other gainers

The next three MLPs on the list of the top five midstream MLP gainers on November 20 are JP Energy Partners (JPEP), Genesis Energy (GEL), and Columbia Pipeline Partners (CPPL). They rose 2.1%, 0.94%, and 0.76%, respectively. JP Energy Partners and Genesis Energy have returned -44.2% and -6.2% YTD. Columbia Pipeline Partners started trading in February 2015. Since then, the stock has returned -45.9%.

Genesis Energy has been one of the best performing MLPs during the turmoil in the midstream energy sector. For an in-depth overview of Genesis Energy, read Genesis Energy: An Overview of One of the Best-Performing MLPs.

The Alerian MLP ETF (AMLP) and the JPMorgan Alerian MLP ETN (AMJ) have returned -30% and -33.3% YTD. Genesis Energy accounts for 3.9% of AMLP. For context, the upstream energy company heavy SPDR S&P Oil & Gas Exploration & Production ETF (XOP) returned -24.1% YTD.

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