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...
US Oil Fundamentals Trending in the Right Direction
While hard to believe, it’s been almost four months since WTI oil prices traded in negative territory as demand was troughing and producers scrambled to shut in wells. Much has changed for the better...
Framing Current Midstream/MLP Yields with Stress Tests
After several cuts in 1Q20 payouts, midstream dividends today seem much more durable, but yields remain elevated given ongoing weakness in equity performance. Today’s piece frames current midstream...
FERC 2020 Oil Pipeline Index Review: Nonevent or Headache?
While the impact of the Federal Energy Regulatory Commission’s (FERC) notorious policy revision from March 2018 has largely played out, there is one item still outstanding – the impact to the oil...
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...