Beyond the Numbers: Midstream 3Q Earnings Highlights
- Midstream/MLP earnings results for the third quarter were largely in line with consensus expectations, which had generally come down heading into earnings season.
- Beyond results, select companies announced acquisitions, data center deals, and plans for dividend increases.
- The outlook for growth opportunities remains robust, particularly for natural gas infrastructure.
With the bulk of midstream names having reported third-quarter results, midstream/MLP earnings season saw mostly in-line reports. Estimates had been moderated heading into the results, with widespread expectations for a softer quarter. While there were some notable announcements, earnings generally didn’t provide much of a catalyst for the space. This note highlights a few key takeaways from various midstream companies and discusses what’s on the horizon for energy infrastructure.
Source: https://etfdb.com/energy-infrastructure-channel/midstream-3q-earnings-highlights/
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