Equity offerings, earnings releases, distribution announcements, and some M&A…busy week for MLPs. I’m still digesting it all, and if my son didn’t throw up all over himself (and the car-seat) on the way to school and if my mother in law didn’t break my kitchen sink this afternoon, I might have had more time to read today, and have more thoughts. Earnings have been pretty good as far as I can tell, distribution announcements very encouraging as well.
Generally, MLPs had a good week and a good month, but in both cases, underperformed the S&P 500, and had the benefit of interest rate tailwinds.
So happy Spring is finally here, feels good to shoot hoops in the backyard without a sweatshirt on…have a good weekend everyone.
Disclosure: The information in this article is not meant to be financial advice, we are not your financial advisor and I am posting my comments for informational purposes only.