Free Cash Flow: A Tailwind for Midstream/MLPs in 2021?
The midstream space has seen plenty of headwinds in 2020, from the demand impacts of COVID-19 to hurricanes to political risk. Looking to 2021, one important tailwind could be increased free cash flow...
What Could the Election Mean for MLPs/Midstream and Energy?
With election season in full swing, today’s note discusses the policies of the Trump administration and the proposals from the Biden campaign, as well as the potential implications of a change in the...
2Q Earnings Review: Politics, (E&P) Religion, and More
Earnings season was particularly eventful this quarter for midstream and broader energy. Operational outlooks were in focus as the macro recovery continues, but renewables and the election were other...
Midstream/MLP 2Q20 Dividends/Distributions Hold Steady
After a slew of cuts with 1Q20 payouts, the stability of midstream dividends and distributions for 2Q20 may have been a pleasant surprise to some, particularly in light of stubbornly high yields in...
Assessing the Threat of the Energy Transition Part 1: Power
Summary // While most would agree that renewables are a long-term threat to hydrocarbons, there is less agreement on what constitutes long term. Energy transitions likely take longer than one might...
Making the Case for Midstream with the AMNA Index
The Alerian Midstream Energy Index (AMNA) was launched in June 2018 to meet the needs of investors and industry stakeholders primarily concerned with sector representation. Today’s piece provides an...