A Look At Two High-Yield Transport MLPs

Published Tue, 18 Dec 2012 07:07:11 -0500 on Seeking Alpha

The entire universe of master limited partnerships (MLP) in the transportation of liquefied natural gas (LNG), crude oil, refined petroleum products, other chemicals, dry-bulk shipping and other marine transportation services comprises just five names: Capital Products Partners LP (CPLP), Golar LNG Partners LP (GMLP), Navios Maritime Partners LP (NMM), Teekay LNG Partners LP (TGP) and Teekay Offshore Partners LP (TOO). We'll start our discussion with the highest-yielding member of the group. Capital Products Partners transports oil, refined oil products and chemicals by sea. Its current fleet consists of 18 product tankers (13 of which are Ice Class, which means their hulls are strengthened to enable them to navigate through sea ice), six crude tankers and one Capesize vessel. The company operates its vessels on a mixture of short- and long-term time charters. The product tanker market softened over the course of the... Read more


Stock name                                 ISIN Last trade   P/E Earnings/Share Dividend/Share Dividend yield
NAVIOS MARITIME PARTNERS
MHY622671029 1.58   3.3 0.48 0.85 49.71
CAPITAL PRODUCT PARTNERS
MHY110821078 2.74   7.6 0.36 0.95 35.46
NAVIOS MARITIME
MHY621961033 1.19   0.0 -1.42 0.24 18.46
GOLAR LNG PARTNERS LP
MHY2745C1021 17.56   5.0 3.55 2.31 12.81
TEEKAY OFFSHORE PARTNERS LP
MHY8565J1010 6.17   8.9 0.69 0.44 6.70
TEEKAY LNG PARTNERS LP
MHY8564M1057 13.87   6.3 2.21 0.56 3.99
CHENIERE ENERGY
US16411R2085 38.62   0.0 -4.29 0.00 0.00
MAUI LAND & PINEAPPLE
US5773451019 5.54   15.8 0.35 0.00 0.00