InvestingDaily.com

Account Information

  • My Account

    Manage all your subscriptions, update your address, email preferences and change your password.

  • Help Center

    Get answers to common service questions, ask the analyst or contact our customer service department.

  • My Stock Talk Profile

    Update your stock talk name and/or picture.



Close
FEATURED STRATEGY

A rare opportunity to collect more government cash

A rare opportunity to collect more government cashIf you’re over the age of 18, you’re eligible to collect up to $1,003 a month in extra government cash. That’s not an exaggeration! My research proves that every single person who ever applied to the program I’d like to show you today had the chance to receive a check. Better still, all it took was about 90 seconds of their time and a small membership fee of about $20. Get the details here.

 

Refiners Shine in Ugly Year for MLPs

By Robert Rapier on January 6, 2016

Two thousand fifteen is mercifully in the books. The year saw the Alerian MLP Index, a composite of the 50 largest energy MLPs, drop 32.6% — its second worst annual performance on record. Among the 128 MLPs in my MLP database, the average return for those in business during all of 2015 was -29.7%.

Nevertheless, there were winners in the space. Here are 2015’s best performing MLPs, ranked in descending order of total return last year:

160106MLPIIbestmlpstable

  • 2015 Return = Total 2015 unit price return including dividends
  • EV = Enterprise value in millions as of Jan. 4, 2016
  • EBITDA = Earnings before interest, tax, depreciation and amortization for the trailing 12 months (TTM), in millions
  • Debt/EBITDA = Net debt at the end of the most recently reported fiscal quarter divided by TTM EBITDA
  • FCF = Levered free cash flow for TTM in millions
  • Yield = Annualized yield based on the most recent quarter’s distribution

Alon USA Partners (NYSE: ALDW) was the runaway winner. No other MLP came close, but the next two strongest performers also happened to be fuel refiners. In fourth place was Star Gas Partners (NYSE: SGU), a home heating oil distributor and services provider. Coming in fifth was the amusement parks operator Cedar Fair (NYSE: FUN), which was added to the MLP Profits Aggressive Portfolio in January 2015.

The list of losers was much longer. Here are the 10 worst-performing MLPs of 2015, all of which are either involved in oil and gas production, or in mining the sand used in hydraulic fracturing:

160106MLPIIworstmlpstable

I omitted the yields from this table because they were either zero because the partnership has cut the distribution, or astronomical (in some cases above 100%) because the partnership hasn’t yet announced an expected distribution cut.

Lest you be tempted into bottom fishing too early, note that the worst overall performer, New Source Energy Partners (OTC: NSLP) is actually making its second straight appearance in the bottom 10, after ranking as the 5th worst performer last year. Also appearing in the bottom 10 for the second straight year were Mid-Con Energy Partners (NASDAQ: MCEP), Legacy Reserves (NASDAQ: LGCY), and Linn Energy (NASDAQ: LINE).   

The dust is far from settled in the energy sector, but there should be some clear winners following the recent passage of the federal spending bill. Join us at MLP Profits this year as we identify the partnerships that are poised to thrive — as well as those to avoid in 2016.

(Follow Robert Rapier on Twitter, LinkedIn, or Facebook.)

 

 

 


You might also enjoy…

 

Boost Your Annual Income By As Much As $12,036

We’ve uncovered a unique income-boosting opportunity that allows you to collect up to $1,003 a month in extra government cash. 

This plan is available to everyone over the age of 18.

The amount you make isn’t dependent upon your marital status…

How much money you currently make…

Or even how much money you made in the past.

Best of all, because of the way Uncle Sam views the money that comes from this plan, your current—or future—Social Security benefits won’t be affected, either. 

There’s still time to get your name on the list for the next check run. 

I’ll show you how here.

Stock Talk — Post a comment Comment Guidelines

Our Stock Talk section is reserved for productive dialogue pertaining to the content and portfolio recommendations of this service. We reserve the right to remove any comments we feel do not benefit other readers. If you have a general investment comment not related to this article, please post to our Stock Talk page. If you have a personal question about your subscription or need technical help, please contact our customer service team. And if you have any success stories to share with our analysts, they’re always happy to hear them. Note that we may use your kind words in our promotional materials. Thank you.

You must be logged in to post to Stock Talk OR create an account.

Create a new Investing Daily account

  • - OR -

* Investing Daily will use any information you provide in a manner consistent with our Privacy Policy. Your email address is used for account verification and will remain private.

Stock Talk

  1. avatar
    Robert Simmermon Reply January 9, 2016 at 12:08 PM EDT

    Any chance I could see these same relevant statistics on the only MLP I own, namely LNCO ?? I would be very appreciative. Thank you. RGS