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How Do These MLPs Look in 2018?

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Series overview

MLPs had a strong start to the new year. The Alerian MLP Index rose 5% in the first week of 2018. For details, read MLP Weekly Roundup: Week Ended January 5.

However, MLPs were trading at a significant discount to their historical valuation at the end of 2017. That indicates that most MLPs still have strong upside potentials despite the recent rally.

In this series, we’ll look at the MLPs that could be the top performers in 2018 based on their valuations, financial positions, earnings growth, distribution growth, and analyst recommendations.

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Which MLPs could be top performers in 2018?

Below are 12 MLPs that could have promising futures in 2018:

  • Noble Midstream Partners (NBLX)
  • EQT Midstream Partners (EQM)
  • Viper Energy Partners (VNOM)
  • Hi-Crush Partners (HCLP)
  • TransMontaigne Partners (TLP)
  • Rice Midstream Partners (RMP)
  • Phillips 66 Partners (PSXP)
  • Antero Midstream Partners (AM)
  • EQT GP Holdings (EQGP)
  • CVR Refining (CVRR)
  • Shell Midstream Partners (SHLX)
  • Alon USA Partners (ALDW)

EQT Midstream Partners, Rice Midstream Partners, Antero Midstream Partners, Shell Midstream Partners, and Phillips 66 Partners are among the constituents of the Alerian MLP ETF (AMLP). EQM, RMP, AM, SHLX, and PSXP together form 10.7% of AMLP. In the next part, we’ll look at the fundamentals of Noble Midstream Partners.

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