I try to avoid all stocks that are MLP or REIT because of the additional tax reporting. But I don’t know how to identify if a company is a MLP or REIT by reading their description. I use Yahoo Finance. For example, EMES is Emerge Energy Services LP. Their description is below. Does LP stand for “Limited Partner”? Does this mean it’s an MLP?
Emerge Energy Services LP acquires, owns, operates, and develops a portfolio of energy service assets in the United States. The company operates in two segments, Sand and Fuel. The Sand segment is involved in the production and sale of various grades of industrial sand primarily used in the extraction of oil and natural gas, as well as in the production of building products and foundry materials. The Fuel segment operates two terminals and two transmix processing facilities located in the Dallas-Fort Worth, Texas area and Birmingham, Alabama. This segment also engages in the sale of wholesale petroleum products; provision of third-party terminaling services; blending of renewable fuels; and provision of reclamation services, such as tank cleaning services, as well as other complementary products and services. Emerge Energy Services GP, LLC operates as a general partner of the company. Emerge Energy Services LP was founded in 2012 and is based in Southlake, Texas.
Please let me know if there is a way of typing in a stock ticker and having somewhere say it’s a MLP or REIT.