The Biggest MLP Losses Last Week


Nov. 20 2020, Updated 2:06 p.m. ET

Sprague Resources

Sprague Resources (SRLP), which is involved in refined products and natural gas terminalling and marketing, recorded the biggest loss last week. SRLP fell 7.2% during the week. SRLP’s weak performance last week could be due to weakness in gasoline prices despite hurricanes Irma and Harvey. The partnership owns 19 refined product terminals with ~14.1 million barrels of total storage capacity. Moreover, it provides natural gas to 45 utilities in 12 US states. The partnership has lost 13.2% YTD (year-to-date).

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Capital Product Partners

Capital Product Partners (CPLP), an MLP mainly involved in the marine transportation of refined products and crude oil, was the second-highest MLP loser last week. CPLP fell 3.3%. However, the partnership is still trading above the levels we saw at the beginning of the year. It has risen 11.3% YTD.

SunCoke Energy Partners

SunCoke Energy Partners (SXCP), an MLP involved in coal mining and processing, was the third-highest MLP gainer last week. SXCP fell 1.8%. It’s lost 14.5% in 2017 so far. For a recent update on coal indicators, see Key Takeaways from Coal Indicators for Week Ended September 8.

Other big MLP losses

Valero Energy Partners (VLP), Cheniere Energy Partners Holdings (CQH), Blueknight Energy Partners (BKEP), Energy Transfer Equity (ETE), Western Refining Logistics (WNRL), USA Compression Partners (USAC), and PBF Logistics (PBFX) were among the top ten MLPs declines last week.

In the next article, we’ll look into the recent technical indicators for NGL Energy Partners (NGL).


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