The evolving (or shrinking) MLP universe continues to be a common topic of discussion in conversations with investors, even as widely expected transactions are largely behind the space. News in May of two more MLPs being acquired - one in an anticipated streamlining transaction and one in a comparatively surprising buyout - has revived the consolidation conversation. Additionally, recent uncertainty around the strategic plans of some MLP parents has called into question the future of other MLPs. Consolidation has been the focus, but May also witnessed the first MLP IPO since October 2017, albeit an