AMTR - Insights At A Glance: Midstream/MLP Buyback Update
- Since proliferating the midstream/MLP space in the second half of 2020, buyback programs have provided a tailwind not seen in past recoveries.
- Spurred by strong cash flow generation, midstream management teams are incorporating buybacks into their capital allocation mix to support equity performance and return value to shareholders beyond generous payouts.
- Despite a growing number of authorizations, repurchase activity in 1Q21 slowed to a combined $182 million following the $322 million spent on repurchases in 4Q20.
For further details see:
Insights At A Glance: Midstream/MLP Buyback Update