SteelPath August MLP Updates And News
By Brian Watson, CFA, Senior Portfolio Manager
2Q 2020 Earning season begins for midstream, along with more acquisitions in the sector.
July brought modest midstream equity price weakness despite positive commodity price movements. Quarterly earnings season kicked-off, the first to include meaningful impact from the ongoing battle with COVID-19 and the resulting impact on global demand for hydrocarbons.
MLP market overview
Midstream MLPs, as measured by the Alerian MLP Index (AMZ), ended Jul…