Alliance Holdings GP
Alliance Resource Partners (ARLP) and its general partner, Alliance Holdings GP (AHGP), were among the top MLP gainers in the week ending May 25. Alliance Holdings GP and Alliance Resource Partners rose 7.1% and 5.5%, respectively. Last week, the gains could be attributed to a positive rating update for Alliance Resource Partners.
Overall, Alliance Holdings GP has risen 4.8% since the beginning of 2018, while Alliance Resource Partners has fallen 3.3%.
Blueknight Energy Partners
Blueknight Energy Partners (BKEP), a midstream MLP mainly involved in crude oil and asphalt terminaling and crude oil transportation, was the second-highest MLP gainer last week. Blueknight Energy Partners rose 7.0% last week. Overall, the partnership has lost 25.5% since the beginning of 2018. The decline could be attributed to Blueknight Energy Partners’ weak quarterly earnings.
Dorchester Minerals (DMLP), a royalty and mineral interest owner MLP, was the third-highest MLP gainer last week. Dorchester Minerals ended the week 5.0% higher. Dorchester Minerals has risen 30.6% since the beginning of 2018.
Other top MLP gainers
Green Plains Partners (GPP), Cheniere Energy Partners (CQP), Foresight Energy (FELP), Crestwood Equity Partners (CEQP), Global Partners (GLP), and Hoegh LNG Partners (HMLP) were among the top MLP gainers last week.
Next, we’ll discuss the MLP rating updates last week.