TRP - Massive Midstream Month
Midstream had another strong week, outpacing the S&P 500 with a 2.9% total return, although MLPs underperformed broader midstream. Tailwinds from higher oil prices, Exxon's (XOM) strong results, and support for income securities in the broad market helped midstream this week.
Now that the bell-weathers [[EPD]] and [[KMI]] have announced results, we enter the next stage of 4Q earnings season that will include more potential for surprises in either direction. [[PAA]], [[MPLX]], [[ANDX]], [[PSXP]], [[BPL]] and [[APU]] are notable reporters this week. MPLX could announce a strategic plan for its step-brother MLP ANDX. APU could