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.
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.