Martin Midstream Partners
Martin Midstream Partners (MMLP), a midstream MLP involved in pipeline transportation, marine transportation, terminaling, and petroleum product storage, was the top MLP gainer last week. It rose 14.0% last week. However, Martin Midstream Partners is still trading 18.0% below the levels at the beginning of the year. Last week, its gains were mainly due to the recovery from its 52-week low.
Navios Maritime Midstream Partners
Marine transportation was the best performing MLP subsector last week. Four out of the top ten MLP gainers were marine transportation MLPs. The gainers included Navios Maritime Midstream Partners (NAP), Golar LNG Partners (GMLP), Teekay LNG Partners (TGP), and Teekay Offshore Partners (TOO). Navios Maritime Midstream Partners is mainly involved in the marine transportation of refined products, crude oil, and NGLs (natural gas liquids). It was the second-highest MLP gainer last week. Navios Maritime Midstream Partners ended the week 10.6% higher. For a recent update on the US tanker industry, read China’s November Data and the Crude Tanker Industry.
NuStar GP Holdings
NuStar GP Holdings (NSH) was among the top MLP losers in the week ending December 8, 2017. It bounced back last week. NuStar GP Holdings, the general partner of NuStar Energy (NS), was the fifth-highest MLP gainer last week with a gain of 7.9% week-over-week. However, NuStar GP Holdings is still trading 48% below the levels at the beginning of the year. NuStar GP Holdings is among the MLPs with the top upside potential. To learn more, read Ranking MLPs Trading at a DETP Discount to Target Prices.
Other top MLP gainers
Archrock Partners (APLP), Energy Transfer Partners (ETP), Shell Midstream Partners (SHLX), and Tesoro Logistics (TLLP) were among the top MLP gainers last week with gains of 7.0%, 6.3%, 6.0%, and 5.8%, respectively, week-over-week.
Next, we’ll discuss the top MLP losers last week.