TYG - Insights At A Glance: Framing Current MLP And Midstream Valuations Against History And Past Downturns
March was a historically tough month for midstream given the start of an oil price war and continued coronavirus uncertainty that together have lowered equity valuations in the space. While uncertainty remains, investors may be seeking further clarity on midstream investment considerations, including valuations. The chart below includes updated EV/EBITDA metrics for the MLPs of the Alerian MLP Infrastructure Index (AMZI) and the MLPs and North American midstream corporations of the Alerian Midstream Energy Select Index (AMEI) as of the end of March, in addition to long-term averages and data from recent energy downturns for