As fourth-quarter 2019 earnings begin to be announced, it seems as though the midstream sector has crossed a milestone with solid dividend growth across the board. This is quite a change from a few years ago when a sizable number of MLPs cut dividends in the midst of the oil and natural gas price downturn.

Many companies in the MLP sector responded to the downturn by reevaluating their operations when it comes to distributions, which they felt weren’t being properly rewarded by investors.

These changes involved not just distribution cuts, but saw several MLPs exit the space by converting to C corps. Those companies that remained in the space also shifted to a more self-funding model.

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