Week Thoughts: Surprisingly Active

Midstream momentum builds into Fall

Midstream won a largely negative week across the market. Higher oil and natural gas prices, lower interest rates helped. Beyond that, perhaps there was a little sentiment improvement as investor position for the Fall conference season after a long summer where midstream stocks were largely ignored and drifted lower.

Midstream companies were surprisingly active in terms of news, with a big asset sale, a new natural gas pipeline FID, a water infrastructure IPO filing, and reports of a crude pipeline nearing a sale. Here’s wishing you all a surprisingly active Labor Day weekend and good vibes as we enter the final stretch of 2025.