DMLP, LNG, and NGL: Top MLP and Midstream Losses Last Week

In the week ending October 5, the MLPs that fell the most were a diverse mix. Royalty interest owner Dorchester Minerals (DMLP), midstream MLP NGL Energy Partners (NGL), downstream player CVR Refining (CVRR), and frac sand company Hi-Crush Partners (HCLP) were among the top losses last week. Other MLPs that fell last week included Calumet Specialty Products Partners (CLMT) and Suburban Propane Partners (SPH).

The above graph shows the top MLP and midstream losses last week. A downgrade by Barclays caused CVR Refining to fall last week. Similarly, Hi-Crush Partners saw two downgrades last week.

Cheniere Energy (LNG) fell 4.2% for the week. Cheniere Energy has risen ~22% year-to-date. To learn more about the stock’s recent performance, read Cheniere Energy Reached a 52-Week High. Hoegh LNG Partners (HMLP) fell 0.5% last week.

All of the top losses last week, except Cheniere Energy, were small-cap stocks with market caps less than $3.5 billion.

Next, we’ll discuss key MLP and midstream rating updates last week.