KMF News and Press, Kayne Anderson Midstream Energy Fund Inc From 03/08/23

2023-03-08 08:00:00 ET Summary Ten energy infrastructure companies collectively spent over $1.4 billion on buybacks in 4Q22, bringing the total buyback spend for the year to approximately $4.5 billion. Over 76% of constituents in the Alerian Midstream Energy Index by weighting cur...

HOUSTON, March 02, 2023 (GLOBE NEWSWIRE) -- Kayne Anderson NextGen Energy & Infrastructure, Inc. (the “Fund”) (NYSE: KMF) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Compa...

Summary Generally, midstream companies are forecasting modest EBITDA growth in 2023 consistent with the stability of fee-based businesses. Some companies have provided positive long-term outlooks for EBITDA growth, which add important context to the strong dividend trends in midstream. ...

HOUSTON, Feb. 24, 2023 (GLOBE NEWSWIRE) -- Kayne Anderson NextGen Energy & Infrastructure, Inc. (the “Fund”) (NYSE: KMF) announced today that it has entered into a $45 million unsecured revolving credit facility (the “Credit Facility”) with a syndicate of lenders. ...

Summary Midstream/MLPs are using their free cash flow to increase their dividends and repurchase equity. On a year-over-year basis, there are more constituents in the broad Alerian Midstream Energy Index that have raised their payouts compared to last year than maintained. Importantly, ...

Summary The oil macro in 2023 will likely be heavily influenced by headlines related to Russian supply and Chinese demand as the country reopens. US production growth is expected to be modest, as companies practice capital discipline and grapple with service cost inflation. Traditio...

Summary Midstream/MLPs tend to outperform the broader market in years of high inflation, and though it has cooled from its mid-2022 peak, inflation is likely to remain elevated in 2023. Energy infrastructure companies largely provide services for fees under long-term contracts, which ty...

HOUSTON, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Kayne Anderson NextGen Energy & Infrastructure, Inc. (the “Fund”) (NYSE: KMF) announced today that it reached a conditional agreement with institutional investors relating to a private placement of $40 million of senior unsecured notes ...

HOUSTON, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Kayne Anderson NextGen Energy & Infrastructure, Inc. (the “Fund”) (NYSE: KMF) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Compan...

Summary After a record-setting 2022, energy sector earnings are likely to generally decline in 2023, though forecasts point to another strong year by historical standards. Even with a year-over-year earnings decline, energy companies can continue to execute on free cash flow generation ...