ETRN - MLP Monthly Report: May 2020
The May MLP Monthly Report can be found here offering insights on MLP industry news, the asset class's performance, yields, valuations, and fundamental drivers.
Summary
News:
1) Certain midstream companies were forced to cut distributions this quarter due to the challenging macro environment and upstream energy sector concerns. Notable distribution cuts included those from NuStar Energy ([[NS]]), Holly Energy Partners ([[HEP]]), NGL Energy Partners ([[NGL]]), Western Midstream Partners ([[WES]]), Plains GP Holdings ([[PAGP]]), EQM Midstream Partners ([[EQM]]), Equitrans Midstream Corp. ([[ETRN]]) and CNX Midstream ([[CNXM]]).
2) A number of midstream companies released Q1 earnings, with