Alerian updates on companies joining indexes

Alerian

Alerian has provided an update on additions to the Alerian Energy Infrastructure Index (CME: AMEI) and the Alerian Natural Gas MLP Index (NYSE: ANGI).

Following the close of business on March 21, DTE Energy Co. (NYSE: DTE), EnLink Midstream LLC (NYSE: ENLC), and Genesis Energy LP (NYSE: GEL) will be added to the Alerian Energy Infrastructure Index.

DTE Energy is a diversified energy company involved in the development and management of energy-related businesses and services nationwide.

EnLink Midstream LLC owns and operates gathering and transportation pipelines, processing plants, and fractionators, as well as barge and rail terminals, product storage facilities, brine disposal wells, and a crude-oil trucking fleet.

Genesis Energy manages a portfolio of customers, operations, and assets, including refinery-related plants, pipelines, storage tanks and terminals, marine operations, and trucks and truck terminals.

Boardwalk Pipeline Partners LP (NYSE: BWP), New Jersey Resources Corp. (NYSE: NJR), and SemGroup Corp. (NYSE: SEMG) will be removed from the index following the close of business on March 21.

The 30 constituents of the index will be rebalanced in accordance with the existing index methodology. Constituent additions to, and deletions from, the index do not reflect an opinion by Alerian on the investment merits of the respective securities.

The Alerian Energy Infrastructure Index is a composite of North American energy infrastructure companies. The tier-weighted index, whose 30 constituents engage in the transportation, storage, and processing of energy commodities, is disseminated in real time on a price-return basis (CME: AMEI) and on a total-return basis (CME: AMEIX).

Alerian also announced that, following the close of business on March 21, QEP Midstream Partners LP (NYSE: QEPM) and Summit Midstream Partners LP (NYSE: SMLP) will be added to the Alerian Natural Gas MLP Index.

QEP Midstream Partners owns, operates, acquires, and develops midstream energy assets in Wyoming, Colorado, Utah, and North Dakota.

Summit Midstream Partners owns and operates midstream energy infrastructure assets that are located in the core producing areas of unconventional resource basins, primarily shale formations, in North America.

Boardwalk Pipeline Partners LP (NYSE: BWP) and PVR Partners LP (NYSE: PVR) will be removed from the index following the close of business on March 21.

The 20 constituents of the index will be rebalanced on an equal-weighted basis in accordance with the existing index methodology. Constituent additions to and deletions from the index do not reflect an opinion by Alerian on the investment merits of the respective securities.

The Alerian Natural Gas MLP Index is a composite of natural gas infrastructure master limited partnerships. The equal-weighted index, whose 20 constituents earn the majority of their cash flow from the transportation, storage, and processing of natural gas and natural gas liquids, is disseminated in real time on a price-return basis (NYSE: ANGI) and end-of-day on a total-return basis (NYSE: ANGIX).

 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...