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TRP - Midstream/MLP Capex And Projects: Where's The Growth?
TransCanada Corporation
A key characteristic of the energy infrastructure space in recent years has been significant capital outlays in order to support the increase in US oil and gas production and drive cash flow growth. However, there has been a notable shift underway recently, accelerating in the wake of COVID-19, as projected capital budgets decline across the board in 2020 and beyond. With the completion of many major infrastructure projects and lower capex on the horizon, will midstream companies be able to grow going forward? Today's piece examines the landscape for midstream projects and spending outlook, while