uploads///top gainers

ENLK, BPL, and CEQP: The Top MLP Gainers Last Week

By

Nov. 20 2020, Updated 11:23 a.m. ET

Top gainers

EnLink Midstream Partners (ENLK) rose 7.7% last week. The stock has gained substantially since its strong second-quarter results and is up 18% year-to-date. ENLK’s general partner, EnLink Midstream (ENLC), rose 3.4% last week. Buckeye Partners (BPL) and Crestwood Equity Partners (CEQP) were the other top MLP gainers for the week, rising 4.2% and 3.1%, respectively.

Western Gas Partners (WES) and GP Western Gas Equity Partners (WGP) rose 2.1% and 2.7%, respectively. WES has risen ~1% so far in 2018, and WGP has fallen ~11%. The above graph shows the top MLP gainers last week. The Alerian MLP Index ended flat for the week.

Article continues below advertisement

DM and TCP

Dominion Energy Midstream Partners (DM) and TC Pipelines (TCP), the two MLPs that were hit hard by the FERC’s (Federal Energy Regulatory Commission) tax allowance policy revision, rose 2.4% and 1.6%, respectively, last week. Dominion Midstream Partners has fallen 45%, and TC Pipelines has fallen 37% year-to-date.

Cheniere Energy Partners (CQP) and Hi-Crush Partners (HCLP) rose 2% and 1.7%, respectively, last week. Cheniere Energy Partners has risen ~29% so far in 2018, and Hi-Crush Partners has risen 11%.

In the next part, we’ll look at the MLPs and midstream companies that fell last week.

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.