Energy earnings season is right around the corner, with Kinder Morgan (KMI) kicking off midstream earnings on July 22. With 2Q representing the brunt of COVID-19 impacts on energy markets, quarterly results may be an opportunity for some midstream names to showcase their resilience, while names with a less-advantaged asset base or fewer contract protections may have their weaknesses on display. At a high level, investors likely understand the macro headwinds in 2Q and may be willing to overlook lackluster results given more solid footing for oil prices and the return of previously shut-in