- The combination of pressured equity performance and resilient EBITDA estimates has resulted in sizable discounts in forward EV/EBITDA multiples for midstream.
- Setting aside liquefaction, midstream companies focused on pipeline transportation of natural gas tend to trade at higher multiples than other midstream subsectors.
- Large-cap midstream companies trade at higher multiples than their smaller peers, and Canadian C-Corps enjoy premium valuations relative to their US peers.
For further details see:
Digging Deeper Into Discounted Valuations For Midstream/MLPs