Summary

• For the quarter, master limited partnerships, as measured by the Alerian MLP Index (AMZ), rose 14.80% on a price basis and returned 16.86% when including distributions.
• During the quarter, 63% of midstream sector participants reported fourth quarter results in line with or better than consensus.
• We estimate MLP-focused investment vehicles had approximately $1.4 billion of net inflows during the quarter.

Key takeaways

1. MLPs total return outperformed the broader equity market For the quarter, master limited partnerships (MLPs), as measured by the Alerian MLP Index (AMZ), rose 14.80% on a price basis and returned 16.86% when including distributions. The S&P 500 Index was