Midstream/MLP Credit Ratings Largely Stable in Tough Tape
Debt is an important component of midstream capital structures, and monitoring debt markets is instructive for understanding the health of midstream companies. While there have been some downgrades...
NGL Update: How Are Macro Headwinds Impacting Midstream?
Natural gas liquids (NGLs) have grown in importance for midstream in recent years as US production has accelerated, but how does declining energy production in the US impact the outlook for NGLs? Are...
Midstream MLPs and Corporations: Prepared for Energy’s Perfect Storm
While a virus outbreak was probably not on their radars, midstream management teams have been improving their businesses based on lessons learned in the oil downturn from 2014-16. Today, we explore...
Midstream Malaise: What’s Wrong (and Right) with Midstream?
Although midstream remains defensive, the sector has not been immune to the general malaise in energy. This piece provides an update on what has been plaguing broader energy, what is weighing on...
The Knock-On Effects of Low Natural Gas Prices for MLPs and Midstream
With natural gas at multi-year lows and producers focused on capital discipline, slowing upstream activity can have implications for midstream growth, particularly for names involved in gas gathering...
Water in the [Mid]Stream: How Water Flows Generate Cash Flows
You were probably taught that oil and water don’t mix, but as oil production grows, water will play an increasingly important role. Today, we look at the water services opportunity for midstream.