Many MLPs have a degree of insulation from commodity price volatility thanks to long-term deals with customers for leasing out storage facilities and pipeline deals that are based on volume of throughput rather than the price of it.

FORBES: Pump Up Yields In Master Limited Partnerships

Selman Akyol at Stifel Nicolaus has become critical of some partnerships in natural gas storage because the flatness in natgas pricing makes it difficult for some customers to profit from the volatility of the commodity.

FORBES: Pump Up Yields In Master Limited Partnerships