MLPs offering high yields
MLPs are performing well in 2019. In this series, we’ll take a look at MLPs trading at a yield higher than 7%. These MLPs all have a market capitalization of more than $5 billion. Our list comprises MPLX (MPLX), Energy Transfer (ET), Andeavor Logistics (ANDX), Western Gas Equity Partners (WGP), Tallgrass Energy (TGE), Enable Midstream Partners (ENBL), and EQM Midstream Partners (EQM). Energy Transfer is trading at an attractive yield of 8.3%, and Tallgrass Energy is trading at a yield of 8.8%.
Learn more about Energy Transfer’s recent performance in Energy Transfer’s Charts, Valuation, and Target Prices.
MPLX and ANDX
More than three months after Marathon Petroleum (MPC) acquired Andeavor, MLP Andeavor Logistics is trading at a high yield of 11.1%.
Marathon Petroleum’s MLP MPLX is trading at an attractive yield of 7.6%. Learn more in EPD, KMI, WMB, and MPLX: Comparing the Top Midstream Giants.
Western Gas Equity Partners
Western Gas Equity Partners is expected to close its merger transaction with Western Gas Partners (WES) in the first quarter of 2019. WGP is trading at a yield of ~7.7%.
ENBL and EQM
Enable Midstream Partners, an MLP formed by CenterPoint Energy (CNP) and OGE Energy (OGE), is trading at a yield of 8.6%. EQM Midstream Partners, an MLP of Equitrans Midstream (ETRN), is trading at a yield of 9.7%. Equitrans Midstream completed its acquisition of all units of EQGP Holdings on January 10.
Next in this series, we’ll see what analysts recommend for these MLPs offering high yields.