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IMLP (iPath S&P MLP ETN) is no longer actively trading.
This usually means the company was acquired and taken private, delisted from its exchange, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
See exactly how IMLP's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
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This index is designed to track prominent partnerships, all of which are listed on major U.S. stock exchanges and are categorized under the Global Industry Classification Standard (GICS) within the Energy Sector or Gas Utilities Industry. Its components include both Master Limited Partnerships (MLPs) and publicly traded Limited Liability Companies (LLCs) that possess a comparable legal framework and identical tax benefits to MLPs. The calculation, administration, and dissemination of this index are performed by S&P Dow Jones Indices LLC.
Midstream MLPs, as measured by the Alerian MLP Index, ended August down 1.3% on a price basis but up 0.5% once distributions were considered.
Distribution coverage for MLPs remains elevated relative to history after 1Q20 distribution cuts, implying that MLPs are better able to afford their distributions today than in the past, yet yields remain elevated compared to history.
Chevron Corp. announced it will acquire Noble Energy Inc.
While a continuation of the Trump administration would be more friendly to oil and gas companies, a potential Biden administration appears manageable for the industry.
The equity price performance and elevated yields for midstream and MLPs paint a different picture than what may be drawn from fundamentals.