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Swank Capital and Cushing® Asset Management Announce a Rebalance of The Cushing® MLP Market Cap Index

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Swank Capital and Cushing® Asset Management Announce a Rebalance of The Cushing® MLP Market Cap Index

PR Newswire

DALLAS, Oct. 11, 2018 /PRNewswire/ -- Swank Capital, LLC and Cushing® Asset Management, LP announce an upcoming interim rebalance of The Cushing® MLP Market Cap Index (the "Index"). On August 1, 2018, Index constituents Energy Transfer Equity, L.P. (NYSE:ETE) and Energy Transfer Partners, L.P. (NYSE:ETP) announced a merger agreement wherein ETE would acquire ETP, subject to the approval of ETP unitholders. A special meeting of ETP unitholders is scheduled for October 18, 2018, for the purpose of voting on the merger agreement. Per the Index's methodology guide, after the market closes on October 18, 2018, and effective on October 19, 2018, ETP will be removed as a constituent of the Index.

Because ETP is expected to have a weight in the Index in excess of 3.5% at the time of its removal, per the Index's methodology guide, the Index will be rebalanced and all constituent weightings will be adjusted effective on October 19, 2018, as shown below.

Cushing® MLP Market Cap Index constituents, effective October 19, 2018:

Company Name

Ticker

Index Weight

Status

Enterprise Products Partners, L.P.

EPD

7.50%

Existing

Magellan Midstream Partners, L.P.

MMP

7.50%

Existing

The Williams Companies, Inc.

WMB

7.50%

Existing

Kinder Morgan, Inc.

KMI

7.50%

Existing

ONEOK, Inc.

OKE

7.50%

Existing

Cheniere Energy, Inc.

LNG

7.50%

Existing

Energy Transfer Equity, L.P.

ETE

7.07%

Existing

Targa Resources Corp.

TRGP

6.59%

Existing

Plains All American Pipeline, L.P.

PAA

5.77%

NEW

MPLX LP

MPLX

5.30%

Existing

Buckeye Partners, L.P.

BPL

2.78%

Existing

Western Gas Partners, L.P.

WES

2.43%

Existing

EQT Midstream Partners, LP

EQM

2.43%

Existing

Andeavor Logistics LP

ANDX

2.25%

Existing

DCP Midstream, LP

DCP

2.03%

Existing

Tallgrass Energy, LP

TGE

1.89%

Existing

Plains GP Holdings, L.P.

PAGP

1.84%

NEW

EnLink Midstream Partners, LP

ENLK

1.54%

Existing

Antero Midstream Partners LP

AM

1.53%

Existing

Phillips 66 Partners LP

PSXP

1.48%

Existing

AmeriGas Partners, L.P.

APU

1.44%

Existing

Shell Midstream Partners, L.P.

SHLX

1.40%

Existing

Enbridge Energy Partners, L.P.

EEP

1.27%

Existing

Crestwood Equity Partners LP

CEQP

0.97%

Existing

Alliance Resource Partners, L.P.

ARLP

0.94%

Existing

SemGroup Corporation

SEMG

0.87%

Existing

Sunoco LP

SUN

0.83%

Existing

Western Gas Equity Partners, LP

WGP

0.82%

Existing

Enable Midstream Partners, LP

ENBL

0.77%

Existing

Black Stone Minerals, L.P.

BSM

0.76%

Existing

 

Constituents removed, effective October 19, 2018:

Company Name

Ticker

Antero Midstream GP LP

AMGP

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