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Which MLP Stocks Were the Biggest Losers of 2016?


Jan. 6 2017, Updated 2:35 p.m. ET

Top MLP losers of 2016

Memorial Production Partners (MEMP), an upstream MLP, was the top MLP loser in 2016. MEMP has been battling weak liquidity and a poor balance sheet position for quite some time. The partnership is set to announce bankruptcy very soon.

For more details, please read Memorial Production Partners to File Bankruptcy: Key Highlights. Vanguard Natural Resources (VNR) is another upstream MLP among the top losers.

Calumet Specialty Products Partners (CLMT), a refining MLP, was the second-biggest loser of 2016. Refining MLPs, which benefited from lower crude oil prices and were among the top performers in 2015, were among the worst-performing MLP subgroups in 2016.

Refining MLPs were negatively impacted by the recovery in crude oil prices and lower refined product demand in 2016. Alon USA Partners (ALDW), a Texas-based refiner, was also among the worst-performing MLPs.

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