What are the best master limited partnerships?

7 Best MLP Stocks to Buy Now

• Enviva Partners L.P. (NYSE:EVA)
• Magellan Midstream Partners L.P. (NYSE:MMP)
• Westlake Chemical Partners L.P. (NYSE:WLKP)
• Delek Logistics Partners L.P. (NYSE:DKL)
• Shell Midstream Partners L.P. (NYSE:SHLX)

Do you pay taxes on master limited partnerships?

MLPs are pass-through entities, meaning they don’t pay taxes on their earnings as long as they pass the vast majority of them on to investors as distributions.

When was the first master limited partnership created?

The History of Master Limited Partnerships MLPs were created in 1981 to allow certain business partnerships to issue publicly traded ownership interests. The first MLP was Apache Oil Company, which was quickly followed by other energy MLPs, and then real estate MLPs.

Can you buy units in a master limited partnership?

These are businesses that are organized as partnerships but act like corporations. You can buy units in an MLP just as easily as buying shares of stock in a corporation. Most, but not all, MLPs are involved in resource production. Granddaddies of the genre: Enterprise Products Partners and Kinder Morgan,…

Who are the master limited partnerships of Marathon Petroleum?

MPLX, LP is a master limited partnership that was formed by the Marathon Petroleum Corporation (MPC) in 2012. The business operates in two segments: Logistics and Storage – which relates to crude oil and refined petroleum products – and Gathering and Processing – which relates to natural gas and natural gas liquids (NGLs).

What’s the average yield of a master limited partnership?

MLPs usually yield between five and seven percent. When you combine this factor with low volatility and a tax advantage, MLPs look appealing. Furthermore, when a limited partner eventually sells all of their shares, it will be treated as capital gains, not ordinary income.