DCP - 19 For '19: Midstream EBITDA Guidance Reflects Strong Outlook
We tend to spend a lot of time talking about the strong fundamentals for midstream given record-high and growing US oil and natural gas production, as well as rising energy exports. This combination creates growth opportunities for midstream due to increased demand for infrastructure assets like pipelines, processing facilities, and terminals. While robust fundamentals are well and good, investors understandably want to know what they mean for midstream bottom lines.
Today, we focus on adjusted EBITDA growth for both MLPs and midstream corporations that have provided 2019 guidance. Regardless of structure, adjusted EBITDA is a