Midstream Performance Indexes Notch Growth for Third Quarter in a Row

More than 80% of companies on VettaFi’s lists raised their payouts on a year-over-year basis.

More than 80% of companies on VettaFi’s lists raised their payouts on a year-over-year basis, making this a bullish era for midstream investors. (Source: Hart Energy; Illus_man, LuckyStep/Shutterstock.com)

More than 80% of companies on VettaFi’s lists raised their payouts on a year-over-year basis, making this a bullish era for midstream investors. (Source: Hart Energy; Illus_man, LuckyStep/Shutterstock.com)

Midstream investors chalked up a third straight happy quarter in January-March as more than 80% of companies listed on VettaFi’s MLP and other benchmark indexes raised their payouts, both on a fourth-quarter 2021 to first-quarter 2022, and a year-over-year basis.

“We’ve seen three quarters with no cuts, growth returning more meaningfully and so the overall outlook for dividends from the midstream space has just gotten much better,” Stacey Morris, head of energy research for VettaFi, formerly Alerian, told Hart Energy.

Morris expects that investors will continue to enjoy healthy returns, though the rate of growth will likely be tempered.

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Joseph Markman

Joseph Markman, senior editor for Hart Energy, covers markets and provides data analysis for all Hart Energy editorial products.