GMZ News and Press, Goldman Sachs MLP Income Opportunities Fund From 08/10/22

Midstream dividend trends remained positive for 2Q22, with a few examples of growth and no cuts. Comparing 2Q22 payouts with 2Q21, more than 80% of the Alerian Midstream Energy Index (AMNA) and Alerian MLP Index (AMZ) by weighting have grown their payouts. Combining the strong yea...

The Permian’s abundant resources, favorable economics, established infrastructure, and relative proximity to end markets will result in continued volume growth. While some of the largest public Permian producers are only growing modestly, the integrated majors and private explo...

AMCC includes midstream companies based in the US and Canada that are taxed as corporations. AMZ and AMCC index-level data is useful for making generalizations about MLPs and corporations as a group. AMZ and AMCC also differ in their subsector exposure, with the MLP index providin...

OPEC+ sticks to its planned oil output hike of 648,000 bpd in August and averted discussing its production plans for September even as oil prices soared due to tight global supplies. Williams reached a final investment decision on its clean energy project, the Louisiana Energy Gateway...

Steady cash flows and a meaningful reduction in growth capital spending plans should support strong free cash flow (FCF) generation from midstream companies for years to come. Midstream’s abundance of FCF has supported debt reduction, a proliferation of buyback programs, and wi...

The energy market is a tug-of-war between fundamentals in the energy industry which is pretty tight. The energy sector has been driving a lot of performance in the S&P/TSX Index since the recovery from the Covid-19 pandemic. In the short term, I do expect the integrated compan...

Despite volatile equity trading, the fundamentals for many energy companies have not changed. This is particularly true for energy infrastructure. Oil’s move from ~$120/bbl a month ago to $96/bbl at the intra-day low last week has not altered producer plans, and the outlook for...

Midstream MLPs, as measured by the Solactive MLP Infrastructure Index, increased 5.49% last month. The index is down by 27.54% since last January. The current yield on MLPs stands at 11.08%. The Enterprise Value to EBITDA ratio (EV-to-EBITDA), which seeks to provide more color on ...

As President Biden took office, the reflation trade that had boosted energy broadly gave way to regulatory concerns, as his administration largely delivered on campaign promises that were well telegraphed in the past. Given TC Energy was the sole midstream company with ownership inter...

Broadly for energy, 2020 was the story of demand destruction for oil from the virus, and while midstream saw weakness, it was more defensive than other sectors of energy. Capturing headlines this week as it related to midstream was the halting of the Keystone XL pipeline. Alerian'...