PAGP - Midstream/MLPs 2024 Leverage Ratios On Target
2025-04-16 08:00:00 ET
Summary
- A combination of factors has contributed to a downward trend in midstream leverage ratios over the last several years.
- Large midstream MLPs and corporations generally have leverage ratios in line with their stated targets, which tend to fall between 3x and 4x.
- Improved leverage metrics arguably ease the path for companies to pursue shareholder returns, such as dividend growth and buybacks. Stronger balance sheets can also prove beneficial in an uncertain macro environment.
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Midstream/MLPs 2024 Leverage Ratios On Target