Midstream/MLPs: 2020 Cost Discipline Has Benefits Into 2021

For midstream/MLPs, cost management and asset optimization helped partially offset macro headwinds in 2020, contributing to stable EBITDA and allowing excess cash flow to be used for debt reduction and in some cases, buybacks.
BY SARAH GRIECO

Summary

  • Cost management and asset optimization helped partially offset macro headwinds in 2020, contributing to stable EBITDA and allowing excess cash flow to be used for debt reduction and in some cases, buybacks.
  • While controlling costs helped many companies navigate market headwinds, some companies elected to reduce their distributions in order to further improve financial flexibility and reduce leverage.
  • A continued focus on controlling costs and optimizing assets should benefit the space into the future as some savings prove sustainable and new efficiencies are realized.

Read now

Other posts

C8 Weekly Bulletin: Europe performs well in ‘long only’ recovery

BY ROBERT MINIKIN
The new calendar year has begun with an explosive extension of the 'long only' asset rally which has been underway since last October’s Fed signal of smaller rate hikes. The positive case for European asset markets specifically been reinforced by a new slide in regional natural prices – to levels last seen ahead of the Ukraine invasion. In this Weekly Bulletin, we take a look at how investors can build European asset market exposure on the C8 platform. Read more →

C8 Weekly Bulletin; No, that is not AI

BY ROBERT MINIKIN
This week's issue is guest edited by one of our index providers, Axyon AI. Based in Italy, Axyon AI is a fintech company with a mission to bring AI-powered predictive value to the investment management industry. Using C8 Studio, the performance of Axyon AI's equity indices are then compared with classic market-cap weighted benchmarks. Read more →

Day Hagan/NDR Smart Sector® with Catastrophic Stop Strategy March 2023 Update

BY BRIAN SANBORN
Day Hagan/Ned Davis Research Smart Sector® with Catastrophic Stop strategy, model and allocations update. Read more →
Back to all posts →