Midstream and Upstream MLP Gainers and Losers on October 16
Williams Partners (WPZ) was the top gainer among midstream MLPs at the end of trading on Friday, October 16. It rose 3.7% on Friday.
Williams Partners has returned -33.4% YTD. Its stock performance has been volatile since the Energy Transfer Equity (ETE)-Williams Companies (WMB) merger announcement. For an in-depth overview of the merger read, A Complete Guide to the Energy Transfer–Williams Merger.
Western Refining Logistics
Western Refining Logistics (WNRL) is next on our list of the top midstream MLP gainers. It rose 3% on Friday. It has returned -21.1% YTD. Western Refining Logistics was formed by Western Refining (WNR) to own, operate, and develop pipelines, storage tanks, terminals, and other logistics assets.
The next three MLPs on the list of the top five midstream MLP gainers on October 16 are Shell Midstream Partners (SHLX), Plains All American Pipeline (PAA), and Delek Logistics Partners (DKL). They rose 2.6%, 2.4%, and 2.2%, respectively. They have returned -8.0%, -35.8%, and 1.1% YTD.
Delek Logistics was formed by Delek US Holdings (DK) in 2012 to own, operate, acquire, and construct crude oil and refined products logistics and marketing assets. Read Energy MLPs: How Did 6 Logistics Subsidiaries Perform in 2Q15? for a comparative analysis of six refining logistics MLPs, including Delek Logistics.
The Alerian MLP ETF (AMLP) and the UBS ETRACS Alerian MLP ETN (AMU) rose 0.57% and 0.65% on Friday, respectively. Together, Williams Partners, Plains All American Pipeline, and Shell Midstream Partners account for 15.3% of AMLP. For context, the upstream energy company heavy SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 0.38% on the same day.
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