Top MLP Gainers in the Week Ending October 13

Navios Maritime Midstream Partners (NAP), an MLP involved in the marine transportation of crude oil, refined products, and NGLs, was the highest MLP gainer in the week ending October 13. Navios Maritime Midstream Partners rose 11.4% during the week. Its recent rally could be attributed to the rise US crude oil exports. For US crude oil tankers’ recent performance drivers, read Crude Oil Tanker Update: Week 40.

CVR Refining (CVRR), an MLP involved in refined products production and marketing, was the second-highest MLP gainer last week. CVR Refining rose 11.3% during the week. Its rally last week despite crude oil’s strength could be attributed to J.P. Morgan increasing the target price. For details on what drove US integrated energy and refining and marketing stocks last week, read This Week in Integrated Energy and Refining and Marketing Sectors.

USD Partners (USDP), an MLP involved in the movement of crude oil by rail, was the third-highest MLP gainer last week. USD Partners, which was among the top MLP losers in the week ending October 6, rose 8.6% last week. It has lost 27.8% since the beginning of this year.  

Alliance Resource Partners (ARLP), Legacy Reserves (LGCY), Teekay Offshore Partners (TOO), Sanchez Production Partners (SPP), Capital Product Partners (CPLP), EnLink Midstream (ENLC), and Global Partners (GLP) were among the top ten MLP gainers last week.

In the next part, we’ll discuss the rating updates last week.