NYSE Pickens Core Midstream™ Index


Core Midstream Energy Exposure

The NYSE Pickens Core MidstreamTM Index (NYPYPE) is a modified free-float market capitalization weighted Index designed to objectively identify and select common stocks of corporations and units of MLPs which best represent U.S. midstream energy fundamentals.

The Index was designed with the intent of reflecting midstream energy operating fundamentals, agnostic of each company's legal structure. The Index addresses the trend of midstream companies shifting to C-corporations away from the MLP structure, leading to those companies being excluded completely from various existing benchmarks.

The Index selects constituents that reflect direct midstream energy exposure, with the aim of getting as close as possible to the underlying assets and operating results, and limiting the potential effect of financial engineering via General Partners' (GPs) Incentive Distribution Rights (IDRs).

The NYSE Pickens Core MidstreamTM Index specifically identifies companies directly involved in the following activities:

  • Gathering & Processing
  • Liquefaction
  • Pipeline Transportation
  • Rail Terminaling
  • Storage

Index Characteristics

Index Symbol (Price Return) NYPYPE
Index Symbol (Total Return) NYPYPET
Maximum Number of Constituents 30
Market Capitalization $366B
Float Adjusted Market Capitalization $260B
Rebalancing Quarterly

Index Yield

As of: May 31, 2019
Source: ICE Data Indices, Inc. & FactSet Research Systems Inc.
As of: May 31, 2019
Source: ICE Data Indices, Inc. & FactSet Research Systems Inc.


Current Performance

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