MLPs Draw Record Investment
Master Limited Partnerships are tax-exempt, publicly traded companies that own pipelines, storage tanks and other cash-generating energy infrastructure and give practically all their income to investors. Their performance has been bolstered by the U.S. energy boom.
Number of Tax-Free Energy Companies Almost Doubles in Four Years
Note: As of March 14, 2014
How a Master Limited Partnership Works
MLPs attract investors by promising to increase assets and payouts, but critics warn that the system stops working if investor confidence falters.
Source: Data compiled by Bloomberg
GRAPHIC: CHLOE WHITEAKER / BLOOMBERG VISUAL DATA; ISAAC ARNSDORF / BLOOMBERG NEWS