The Stability Score allows for investors to determine the quality and consistency of income on a broad-based level. By looking at distribution cuts across the MLP Universe, investors can get a feel for whether the fundamentals are intact or deteriorating on an asset class basis.
For the quarter, the Yorkville Distribution Stability Score came in at 8.4. This means 84% of all MLPs either maintained or grew their distributions versus last year. This figure excludes variable distribution MLPs and any other MLPs that cut their distribution for non-operating reasons.
The Yorkville Distribution Stability Score quantifies the stability of distributions across the MLP asset class by looking at the number of MLPs which increased, maintained, or cut payouts.