Midstream at the Midpoint: Where We’ve Been and What’s Next
Despite the downturn in both energy and broader markets in the first quarter, midstream has rallied significantly in the last few months off all-time lows seen in mid-March. Today’s research note...
1Q20 MLP/Midstream Dividend Recap: Putting Cuts in Context
Amid commodity price volatility and depressed demand related to COVID-19, what happened to midstream distributions and dividends for 1Q20? Today’s piece details 1Q20 dividend trends across midstream...
Midstream 2020 EBITDA Guidance Updates Highlight Stability
For midstream investors, updated 2020 financial guidance has been highly anticipated – much more than actual 1Q20 results. With producers dropping rigs and curtailing production in the current oil...
Midstream Tightens Belt with Lower Capex, Project Deferrals
Well before COVID-19 and oil's price collapse, midstream was on a path to moderating capital spending from elevated levels in past years. The trend toward restrained capital spending has only...
How Bad is Oil Demand? Assessing Views Across Energy
While there has been much discussion around oil supply, the problem facing oil markets is first and foremost a demand issue. With energy earnings season underway, several companies have provided...
Midstream Dividend Update: More Maintaining Than Cutting
“What’s happening with dividends?” continues to be a topic of widespread interest from midstream investors. Given most dividends for 1Q20 have now been announced, today’s piece discusses how midstream...