master limited partnership

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Master limited partnership (MLP)

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Master Limited Partnership

A limited partnership with ownership units that may be traded on an exchange. A limited partnership consists of a general partner, who manages the venture, and limited partners, who simply provide capital. A master limited partnership allows limited partners to buy and sell units of the venture as if they were shares in a publicly-traded company. Limited partners often receive cash distributions, which are similar to dividends, on a regular basis. This business form combines the tax advantages of a partnership, which does not pay tax on its profit, with the liquidity of a publicly-traded company. It is also called a publicly traded partnership.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

master limited partnership (MLP)

A limited partnership that provides an investor with a direct interest in a group of assets (generally, oil and gas properties). Master limited partnership units trade publicly like stock and thus provide the investor significantly more liquidity than ordinary limited partnerships. See also roll-up.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Previously, he served as vice president and chief financial officer of the general partner of LRR Energy, L.P., a publicly traded exploration and production master limited partnership, from 2011 until its sale in 2015, and as vice president and chief financial officer of Laredo Energy, a privately held oil and gas company, from 2009 to 2011.
Kimbell Royalty Partners is an oil and gas mineral and royalty variable rate master limited partnership based in Fort Worth, Texas.
19 April 2017 - A subsidiary of US-based US-based energy logistics master limited partnership PBF Logistics LP (NYSE: PBFX) has acquired the Toledo, Ohio, refined products terminal assets of US-based Sunoco Logistics LP for USD 10m in cash, the company said.
Atlas Resource Partners LP (NYSE: ARP), an exploration and production master limited partnership, has announced its monthly distribution for the month of February 2016.
Morgan Stanley analyst Tom Abrams upgraded MPLX to Overweight from Equal Weight and updated his price target on shares to $40 from $41 following the Federal Energy Regulatory Commission policy revision, in which FERC no longer will allow master limited partnership interstate natural gas and oil pipelines to recover an income tax allowance in cost-of-service rate filings.
Buckeye is a publicly traded master limited partnership and owns and operates a network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage, and marketing of liquid petroleum products.
(NASDAQ: APLP), a master limited partnership and the provider of natural gas compression services to customers in the oil and natural gas industry throughout the United States.
The notes have been designed to provide investors with exposure to the Master Limited Partnership (MLP) market.
EV Energy Partners, LP (NASDAQ: EVEP), a master limited partnership engaged in acquiring, producing and developing oil and natural gas properties in association with certain institutional partnerships managed by EnerVest, Ltd, has completed acquisition of the Barnett Shale oil and natural gas property from Talon Oil & Gas LLC.
In a Williams and Williams Partners joint news release on 16 March, Williams and Williams Partners indicated the potential for a corporate restructuring in response to the Federal Energy Regulatory Commission's 15 March 2018, issuance of a revised policy statement that reversed the FERC's 2005 income tax policy that permitted master limited partnership interstate oil and natural gas pipelines to maintain an income tax allowance in cost-of-service rates.