Top MLP Losses in the Week Ending June 22

Alliance Resource Partners (ARLP), an MLP involved in coal mining and production, was the top MLP loss in the week ending June 22. Alliance Resource Partners fell 8.5%. The recent weakness could be attributed to a strong increase in the natural gas demand from US utilities, which could impact the overall coal demand. Alliance Resources Partners has lost 7.4% since the beginning of this year.

Southcross Energy Partners (SXE), a midstream MLP mainly involved in natural gas gathering, processing, and compression, was the second-highest MLP loss last week. Southcross Energy Partners fell 8.3%. Overall, Southcross Energy Partners has fallen 14.8% YTD (year-to-date). Southcross Energy Partners’ weak YTD performance could be attributed to its weak earnings and high leverage.

Blueknight Energy Partners (BKEP), a midstream MLP mainly involved in liquid transportation, terminaling, and storage, was the third-highest MLP loss last week. Blueknight Energy Partners fell 6.1%. Overall, Blueknight Energy Partners has lost 31.9% since the beginning of this year.

EnLink Midstream Partners (ENLK), Valero Energy Partners (VLP), CNX Coal Resources (CNXC), Calumet Specialty Products Partners (CLMT), Foresight Energy (FELP), CVR Refining (CVRR), and EQT Midstream Partners (EQM) were among the top ten MLP losses last week.