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PAA, CNXM, and VNOM: Top MLP Gainers in a Down Sector

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Top MLP gainers

While energy MLPs have been broadly beaten down in 2018, some MLPs have posted handsome gains YTD (year-to-date). In this series, we’ll discuss some of these MLPs to determine what’s driving their outperformance. We’ll focus on oil and gas MLPs.

So far, Legacy Reserves (LGCY), CSI Compressco (CCLP), and Mid-Con Energy Partners (MCEP) are the top MLP gainers in 2018. Legacy Reserves has surged 186% YTD.

CSI Compressco has risen 31%, while Mid-Con Energy Partners is up 22% YTD. In comparison, the Alerian MLP Index has fallen 13% during the same period. The above graph shows the top MLP gainers in 2018.

Learn about the factors that might drive MLPs in 2018, read How Key Indicators for Energy MLPs Are Trending.

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Other MLPs

Plains All American Pipeline (PAA) is the only large-cap MLP that has made it on the list of the top gainers in 2018. Viper Energy Partners (VNOM), CNX Midstream Partners (CNXM), and USA Compression Partners (USAC) are the other top MLP gainers with a market capitalization of more than $1 billion. We’ll discuss these MLPs in more detail later in this series.

Legacy Reserves, CSI Compressco, Mid-Con Energy Partners, Kimbell Royalty Partners (KRP), and Oasis Midstream Partners (OMP) are the top gainers with a market capitalization of less than $500 million. Next, we’ll see if Wall Street analysts expect more upside for these MLPs.

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