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MLPs Are Yielding More Than 11%: What That Means


Mar. 8 2018, Updated 1:10 p.m. ET

MLPs trading at high yields

In this part of the series, we’ll see which MLPs are currently offering the highest yields. We’ll be looking at oil and gas MLPs but not shipping and coal MLPs. The top MLPs trading at the highest yields are NuStar Energy (NS), its general partner NuStar GP Holdings (NSH), Sanchez Midstream Partners (SNMP), Martin Midstream Partners (MMLP), and CVR Refining (CVRR).

NuStar Energy, which has announced a distribution cut effective in 1Q18, would yield ~11.7% at the current price, considering the expected distribution of $0.60 per share. NuStar GP Holdings will cease to trade as a separate entity after a merger with NuStar, announced in February 2018. The merger is expected to be completed in 2Q18. Sanchez Midstream Partners is trading at a 16% yield, and Martin Midstream Partners is trading at a yield of 14%.

The above graph compares the yields of the 20 highest-yielding MLPs with the Alerian MLP Index. They’re currently trading at yields equal to or higher than 11%.

You can learn how MLPs fared in the last week by reading MLPs’ Sluggishness Continued in the Week Ending March 2.

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Top MLPs offering high yields

Of the 20 MLPs offering the highest yields, the top seven by market capitalization are as follows:

We’ll discuss these MLPs in more detail in the next few parts of this series.


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