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OMP - Steady Midstream EBITDA Outlooks Contrast With Performance
Oasis Midstream Partners LP
With 2Q20 midstream earnings season wrapping up last week, the focus has been primarily on the outlooks for MLPs and midstream companies with investors keyed in on the ongoing recovery in energy demand. Today's piece compares forward EBITDA estimates for midstream against other sectors of energy and discusses company guidance revisions announced with 2Q releases. After an admittedly turbulent few months, these updates highlight the resilience of midstream and help to clarify expectations for the space for the remainder of this year.
Modest midstream EBITDA revisions contrast with broader energy, highlight stability of cash flows.