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UMI - Midstream/MLPs: Buybacks Accelerated In Q3'21
USCF Midstream Energy Income Fund ETF
Strong free cash flow generation has made the mainstream adoption of buyback programs possible for energy infrastructure companies.
Buyback activity ramped in 3Q21 as midstream companies purchased more than $804 million of their equity during the quarter, representing a more than two-fold increase relative to the $302 million spent in 2Q21.
With midstream continuing to offer attractive income, buybacks further enhance shareholder returns and add to the total return potential of the space.