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...
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...
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...