Golar LNG Partners
Golar LNG Partners (GMLP), an MLP mainly involved in LNG (liquefied natural gas) transportation and regasification, was the top MLP loss last week. Golar LNG Partners fell 24.1%. The company’s shares saw a massive decline following its first-quarter earnings announcement and a downward target price revision. To learn more, read Why Golar LNG Stock Is Down after First-Quarter Earnings.
Overall, Golar LNG Partners has lost 33.6% since the beginning of this year.
Höegh LNG Partners
Höegh LNG Partners (HMLP) was the second-highest MLP loss last week with a fall of 7.4%. Overall, Höegh LNG Partners has lost 6.2% since the beginning of this year.
Viper Energy Partners
Viper Energy Partners (VNOM), a royalty and mineral interest owner MLP, was the third-highest MLP loss last week. The company ended the week 6.3% lower. Viper Energy Partners’ sharp decline could be attributed to weakness in crude oil prices. Overall, Viper Energy Partners has lost 30.3% since the beginning of this year. Viper Energy Partners is among the top MLP gainers this year. To learn more, read 7 MLPs That Have Generated Handsome Returns in 2018.
Other top MLP losses
Dominion Midstream Energy Partners (DM), Teekay LNG Partners (TGP), Spectra Energy Partners (SEP), Sanchez Midstream Partners (SNMP), Ferrellgas Partners (FGP), Capital Product Partners (CPLP), and Gaslog Partners (GLOP) were among the top ten MLP losses last week.
Next, we’ll discuss the MLP rating updates last week.