NBLX - Q3 2018 MLP Distribution Recap: With Q3 Cuts Behind Us How Will Current Trends Affect Future Distributions?
By Michael Laitkep
Mixed quarter of distribution growth
For context, 3Q18 distributions refer to the distributions that will be paid in 4Q18 as a result of operational performance in 3Q18. The pie charts below reflect the quarter-over-quarter (Q/Q) changes to distributions, comparing 3Q18 with 2Q18. Notably, there were five cuts among Alerian MLP Index (AMZ) constituents, which includes two cuts from MLPs that are also in the Alerian MLP Infrastructure Index (AMZI).
AMZ and AMZI constituent Buckeye Partners (BPL) cut its distribution by 41% with the conclusion of its strategic review. Along with other actions,