Why Shares of These High-Yielding Pipeline Stocks Plummeted in March

Why Shares of These High-Yielding Pipeline Stocks Plummeted in March

Why Shares of the High-Yielding Pipeline Stocks Plummeted in March. Phillips 66 Partners saw its unit price (MLP-speak for share price) fall by an even 33%.. When oil prices go south, so do the share and unit prices of companies across the energy industry, whether such a drop is warranted or not.. For example, Enterprise Products Partners and Energy Transfer derive about 85% of their cash flow from reliable contracts.. A current figure isn't available for Phillips 66 Partners, but in past years it has derived more than 75% of its cash flow from reliable sources.. Low oil prices seem unlikely to directly affect these pipeline companies' operations.. With production dropping dramatically, the plug may have to be pulled on some of these growth projects, affecting midstream pipeline companies looking ahead..