Top MLP Losses in the Week Ending May 25

Kurt Gallon - Author

Nov. 20 2020, Updated 4:50 p.m. ET

Legacy Reserves

Legacy Reserves (LGCY), the upstream MLP involved in crude oil, natural gas, and NGLs (natural gas liquids) production, was the top MLP loss last week. Legacy Reserves fell 36.2% mainly due to the weakness in crude oil prices. Although Legacy Reserves has fallen significantly from its YTD highs, it’s still up 217.4% in 2018. The stock might continue to see high volatility in the near term due to strong movements in crude oil prices.

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Seadrill Partners

Seadrill Partners (SDLP), the MLP formed by Seadrill Limited (SDRL) to own, operate, and acquire offshore drilling rigs, was the second-highest MLP loss last week. Seadrill Partners fell 9.9%. Overall, Seadrill Partners has lost 8.5% since the beginning of 2018. For a recent update on the US offshore drilling industry, read Week 20: Offshore Drilling Industry Update.

American Midstream Partners

American Midstream Partners (AMID), the MLP mainly involved in natural gas gathering, processing, and compression, was the third-highest MLP loss last week. American Midstream Partners ended the week 9.9% lower. Overall, American Midstream Partners has lost 24.7% since the beginning of 2018. American Midstream Partners is among the top seven MLPs that offer high distribution yields. To learn more, read These 7 MLPs Offer Yields above 12%.

Other top MLP losses

Sanchez Midstream Partners (SNMP), Hi-Crush Partners (HCLP), Dominion Midstream Energy Partners (DM), Southcross Energy Partners (SXE), CSI Compressco (CCLP), Buckeye Partners (BPL), and Plains All American Pipeline (PAA) were among the top ten MLP losses last week.

Next, we’ll discuss the top MLP gainers last week.


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