| Tallgrass Energy: Top Midstream MLP Gainer on September 22 | |
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Midstream and Upstream MLP Gainers and Losers on September 22 Top gainers
Tallgrass Energy Partners (TEP) was the top gainer among midstream MLPs at the end of trading on Tuesday, September 22. It rose 2.77% yesterday.
Tallgrass Energy Partners
With yesterday’s gain, Tallgrass Energy Partners’ YTD (year-to-date) returns improved to -1.14%. One of the most important drivers of Tallgrass Energy Partners’ stable YTD market performance is its strong distribution growth. It declared a quarterly cash distribution of $0.58 per common unit for 2Q15, or $2.32 on an annualized basis. This represents a huge 52.6% YoY (year-over-year) rise compared to the level in 2Q14. It’s an 11.50% sequential rise from the distribution of $0.52 in 1Q15.
Midcoast Energy Partners
Midcoast Energy Partners (MEP) is next in our list of the top midstream MLP gainers. MEP rose 2.60% yesterday. It has returned -19.23% YTD (year-to-date). Midcoast Energy Partners was formed by Enbridge Energy Partners (EEP) to own and grow its natural gas and NGL (natural gas liquid) midstream business in the US. Both of the partnerships are part of Enbridge (ENB). Currently, Midcoast Energy Partners operates the following two businesses:
- natural gas gathering, processing, and transportation
- logistics and marketing
For an in-depth analysis of Midcoast Energy Partners’ recent operating and market performance, read Midcoast Energy Partners’ Year-to-Date Returns Exceed Industry Average.
Other gainers
The next three MLPs on the list of the top five midstream MLP gainers on September 22 are USD Partners (USDP), Enable Midstream Partners (ENBL), and World Point Terminals (WPT). They rose 1.90%, 1.51%, and 0.77%, respectively. These three MLPs have returned -32.04%, -26.97%, and -28.18% YTD.
The Alerian MLP ETF (AMLP) and the UBS ETRACS Alerian MLP ETN (AMU) fell 1.72% and 1.97%, respectively. For context, the upstream energy company heavy SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 1.48% on the same day.
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Enbridge Energy Partners LP
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CODE : EEP |
ISIN : US29250R1068 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Enbridge Energy is a and oil producing company based in United states of america. Enbridge Energy holds various exploration projects in USA. Its main exploration property is LAKEHEAD in USA. Enbridge Energy is listed in United States of America. Its market capitalisation is US$ 3.4 billions as of today (€ 3.0 billions). Its stock quote reached its lowest recent point on June 22, 2018 at US$ 10.00, and its highest recent level on December 19, 2018 at US$ 10.43. Enbridge Energy has 326 517 110 shares outstanding. |