Welcome to the National Association of Publicly Traded Partnerships

The National Association of Publicly Traded Partnerships, formerly the Coalition of Publicly Traded Partnerships, is a trade association representing publicly traded limited partnerships (PTPs)--commonly known as master limited partnerships (MLPs)--and those who work with them. The Association is an outgrowth of an informal lobbying organization which was formed in 1983. Both the current Association and its predecessor have been highly successful in representing the interests of PTPs in Washington D.C. and the states.

Publicly traded partnerships are limited partnerships or limited liability companies (LLCs) choosing partnerships taxation which are traded on public exchanges. A share in a PTP is called a “unit,” and PTP shareholders are known as “unitholders.” PTPs can be found on the New York, American, and NASDAQ exchanges, as well as many regional exchanges.

PTPs allow the affordability and liquidity of corporate stocks and bonds combined with the advantages of investing in a partnership. PTPs generally pay their investors regular cash distributions, and many offer growth potential as well. There are currently over 90 PTPs on the market, the majority in industries related to energy and natural resources. For more information on PTPs, click on the links to the left.