CVR Refining (CVRR), a downstream MLP involved in crude oil refining, was the top MLP gainer last week. CVR Refining rose 17.1%. Overall, CVR Refining has gained 36.0% in the past month. The partnership’s recent rally could be attributed to its rating upgrade by Citigroup and strong earnings in the first quarter. To learn more, read This Week’s Rising Refining and Marketing Energy Stocks.
Williams Partners (WPZ), a midstream MLP subsidiary of Williams Companies (WMB), was the third-highest MLP gainer last week. Williams Partners ended 10.0% higher. Williams Partners stock rallied following the announcement of its merger into Williams Companies. To learn more, read Williams Partners Up 7% on Merger Announcement with GP.
Other top MLP gainers
Cypress Energy Partners (CELP), Southcross Energy Partners (SXE), American Midstream Partners (AMID), Noble Midstream Partners (NBLX), Hi-Crush Partners (HCLP), Foresight Energy (FELP), and Ferrellgas Partners (FGP) were among the top MLP gainers last week.
Next, we’ll discuss the top MLP losses last week.