- With earnings season in full gear and broad equity markets reaching record levels, we revisit valuation and put into context the relative value midstream offers during the ongoing economic recovery.
- As of last Friday, the Alerian MLP Infrastructure Index (AMZI) and the Alerian Midstream Energy Select Index (AMEI) were trading at a significant discount relative to both their historical average and current valuations across the utilities sector and the broad market.
- Discounted valuations complement midstream’s attractive income amid an expensive market where yield is becoming more scarce. Midstream companies remain well-positioned to continue benefiting from the economic recovery and a much-improved commodity environment.
For further details see:
Insights At A Glance: Midstream/MLP Valuation Update