Top midstream stocks
Midstream stocks ended mixed last week. The Alerian MLP Index fell 0.3% for the week. The ETF tracking the broader energy sector, the Energy Select Sector SPDR ETF (XLE) fell 0.5% for the week. Top midstream stocks Kinder Morgan (KMI) and Energy Transfer (ET) rose 2.8% and 2.1%, respectively, for the week. In comparison, Plains All American Pipeline (PAA) and MPLX (MPLX) fell 2.8% and 2.0%, respectively.
The S&P 500 Index rose 0.6% during the week. Crude oil prices rose ~3.0% for the week. To learn about the latest factors driving oil prices, read Energy Sector Is Isolated from Trade Talk Optimism.
Energy Transfer’s performance
Energy Transfer stock has risen ~16% year-to-date. The company reported its fourth-quarter results last week. To learn more, read Energy Transfer’s Strong Growth Continued in Q4 2018. Read What’s Ahead for Energy Transfer’s Mariner East 2 Project? for the latest on Energy Transfer’s Mariner East 2 project.
Kinder Morgan stock has risen ~26% in 2019. For a deeper analysis, read Analyzing Kinder Morgan’s Performance and Prospects.
Next, we’ll discuss the top gains and losses in the MLP and midstream sector last week.