MLP’s best friend

16 January 2013 By Christopher Swann

Three master limited partnerships, one led by Carl Icahn, are poised to kick off the year’s new listings. Higher taxes on the rich make the sector more appealing to some buyers. That’s why MLPs are expanding beyond pipelines – and why they won’t reflect broad investor sentiment.

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Three master limited partnerships are set to make their market debut during the week of Jan. 14. They are USA Compressions Partners, which compresses natural gas for use in vehicles; CVR Refining, a petroleum refiner owned by billionaire investor Carl Icahn; and SunCoke Energy Partners, a miner of metallurgical coke used in steelmaking.
In 2012, 14 master limited partnerships raised $4.9 billion, according to Dealogic. Over the past three years the Alerian index of MLPs has returned 17.5 percent compared to 11 percent for the S&P 500 Index.

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