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VNOM, EEQ, OKE, LNG: Top MLP and Midstream Gains Last Week

Rekha Khandelwal, CFA - Author

Sep. 25 2018, Updated 7:34 a.m. ET

Top gainers

Royalty interest owner partnership Viper Energy Partners (VNOM) and Enbridge Energy Management (EEQ) were among the top gainers in the MLP and midstream space last week, rising 7.9% and 7.8%, respectively. Viper Energy Partners has risen 77% so far in 2018. Enbridge Energy Partners (EEP) rose 2.4% for the week. Both Enbridge Energy Management and Enbridge Energy Partners were boosted by the acquisition agreement with Enbridge (ENB) that we discussed in the last part of this series.

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Midstream C-corps ONEOK (OKE) and Cheniere Energy (LNG) rose 4.1% and 2.1%, respectively. ONEOK has risen 26% year-to-date. Learn more about ONEOK’s outperformance in KMI, WMB, and OKE: Which S&P 500 Midstream Stock Looks the Best? and TRGP and OKE Have Outperformed the Energy Sector in 2018.

On September 17, Cheniere Energy announced a 15-year agreement to supply liquified natural gas to Vitol Group. Cheniere Energy’s subsidiary Cheniere Energy Partners (CQP) rose 2.4% last week and has risen 33% so far in 2018.

The above graph shows the top ten MLP and midstream gains of the last week. Holly Energy Partners (HEP) rose 6.1%.

Let’s next take a look at the biggest MLP and midstream losses last week in the next part of this series.


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