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Lowest-Performing MLPs in Week Ended July 27

Kurt Gallon
Lowest-Performing MLPs in Week Ended July 27

American Midstream Partners (AMID), a midstream MLP involved in natural gas gathering, processing, and compression, was the lowest-performing MLP in the week ended July 27. AMID stock plunged 41.1% last week. It saw a sharp correction following its announcement of a capital allocation strategy, which includes the sale of non-core assets and a distribution cut.