Top MLP Losers in the Week Ending October 13



EV Energy Partners  

EV Energy Partners (EVEP) continued to be among the top MLP losers in the week ending October 13. EV Energy Partners fell 17.8% during the week despite the slight recovery in crude oil and natural gas prices. It has lost 78.0% since the beginning of this year. The partnership is on the verge of announcing bankruptcy due to its weak earnings and liquidity position.

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NuStar GP Holdings

NuStar GP Holdings (NSH), the general partner of NuStar Energy (NS), was the second-highest MLP loser last week. Its shares fell 9.9% during the week. NuStar GP Holdings has lost 32.4% since the beginning of this year. The fall could be attributed to NuStar Energy’s flat distribution, low distribution coverage, and relatively high crude oil exposure.

Calumet Specialty Products Partners

Calumet Specialty Products Partners (CLMT), an MLP involved in the production of specialty fuels and other refined products, was the third-highest MLP loser last week. It fell 8.1% during the week. Calumet Specialty Products Partners’ weak performance could be attributed to crude oil’s strength. However, Calumet Specialty Products Partners is still trading 97.5% above the levels at the beginning of this year. To learn more, read Calumet Specialty Products Has Doubled in 2017.

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Genesis Energy

Genesis Energy (GEL) shares fell by the end of last week after it announced a distribution cut and plans to strengthen its balance sheet. Genesis Energy fell 7.8% during the week. For details on Genesis Energy’s new distribution and future plans, read Analyzing Genesis Energy’s Distribution Cut.

Other top MLP losers

NuStar Energy, Southcross Energy Partners (SXE), Archrock Partners (APLP), Buckeye Partners (BPL), CrossAmerica Partners (CAPL), and Plains GP Holdings (PAGP) were among the top ten MLPs losers. In the next part, we’ll discuss last week’s top ten MLP gainers.


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