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Dominion Midstream: Top Midstream MLP Loser on October 27

Kurt Gallon

Midstream and Upstream MLP Gainers and Losers on October 27

Top losers

Dominion Midstream Partners (DM) was the top loser among midstream MLPs at the end of trading on Tuesday, October 27. It fell 6.7%. At the same time, Dominion Midstream Partners’ sponsor Dominion Resources (D) fell 0.66%.

Dominion Midstream Partners

With yesterday’s loss, Dominion Midstream’s YTD (year-to-date) return fell to -23.8%. Dominion Midstream was formed by Dominion Resources to provide natural gas transportation, storage, and regasification services.

Rice Midstream Partners

Rice Midstream Partners (RMP) is next on our list of the top five midstream MLP losers on October 27. It fell 6.20% yesterday. It has returned -22.4% YTD. Rice Midstream Partners was formed by Rice Energy (RICE) to own, operate, acquire, and develop midstream assets in the Appalachian Basin. It mainly provides natural gas gathering and compression services. It operates as a toll-road business with very limited commodity price exposure. However, it depends on its sponsor for throughput volumes.

Other losers

Columbia Pipeline Partners (CPPL), Crestwood Equity Partners (CEQP), and Tallgrass Energy Partners (TEP) were among the top five midstream MLP losers on Tuesday, October 27. They fell 6.2%, 6%, and 5.4% in the last trading session, respectively. Crestwood Equity Partners and Tallgrass Energy Partners have returned -69.0% and -11.4% YTD, respectively. Columbia Pipeline Partners started trading in February 2015. Since then, the stock has returned -53.6%.

The Alerian MLP ETF (AMLP) and the UBS ETRACS Alerian MLP Infrastructure ETN (MLPI) fell 1.6% and 2.0% yesterday, respectively. For context, the upstream energy company heavy SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 2.9% on the same day.

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