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LNG, TRGP, SEMG: Last Week’s MLP and Midstream Gains and Losses


Nov. 20 2020, Updated 3:35 p.m. ET

Top gains

Cheniere Energy (LNG) rose 3.6% last week on news of a possible deal to supply liquefied natural gas to China Petroleum & Chemical or Sinopec. Learn about the rising US natural gas exports in Natural Gas Prices: What to Expect in 2019. Cheniere Energy has risen ~14% year-to-date.

Other top gains included EQM Midstream Partners (EQM), Golar LNG Partners (GMLP), Crestwood Equity Partners (CEQP), and TC PipeLines (TCP), which rose 3.6%, 4.1%, 6.0%, and 7.2%, respectively, last week.

EQM Midstream Partners has fallen ~4% year-to-date while Golar LNG Partners is up ~16%. Crestwood Equity Partners has risen ~22%, and TC PipeLines is up ~12%.

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Biggest losses

The above graph shows last week’s top MLP and midstream gains and losses. Among the MLPs and midstream stocks that lost the most last week were SemGroup (SEMG), Targa Resources (TRGP), and Antero Midstream GP (AMGP), which fell 7.5%, 5.6%, and 5.0%, respectively, last week.

BP Midstream Partners (BPMP) fell 5.0%, and DCP Midstream (DCP) fell 4.9%.

SemGroup is up ~5% year-to-date while Antero Midstream is up ~10%. Targa Resources has risen ~12% so far in 2019. Meanwhile, BP Midstream Partners has fallen ~3%.

For the latest coverage on energy sector stocks, check out Market Realist’s Energy and Power page.


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