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A Look at the Top-Performing MLPs in May 2017


Jun. 7 2017, Updated 9:07 a.m. ET

Top MLP gainers of May 2017

Alon USA Partners (ALDW), a downstream MLP involved in crude oil refining, was the best-performing MLP in May. ALDW’s rally during the month could be attributed to the decline in crude oil prices, which could boost the refining margins of downstream companies.

Similarly, ALDW’s peer Calumet Specialty Products Partners (CLMT) was among the top-performing MLPs during the month.

ALDW is followed by PennTex Midstream Partners (PTXP). PTXP stock jumped after Energy Transfer Partners (ETP) announced the acquisition of the outstanding units in PTXP through a tender offer priced at $20 per unit. ETP currently owns 32.4% of PTXP.

Following the successful completion of the tender offer, the partnership would own more than 80% in the Permian-based natural gas gatherer.

Seadrill Partners (SDLP) and Star Gas Partners LP (SGU) were among the top-performing MLPs in May 2017. In the next article, we’ll look at the worst-performing MLPs during the month.

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