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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valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
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.
Recently in 2020, Master Limited Partnerships (MLPs) experienced quite significant volatility, following multiple years of above average volatility for the space.
Midstream MLPs, as measured by the Alerian MLP Index (AMZ), ended July down 4.8% on a price basis and down 3.6% once distributions are considered.
Midstream and utilities both tend to appeal to investors with their attractive income and diversification benefits.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.