Midstream Marvels: An ETF Strategy for the Low-Rate Landscape Webinar Recap
Tuesday, May 04, 2021
In today’s market, midstream is one of the few asset classes that continues to provide high yields—significantly higher than the broader market, traditional income-equity sectors such as utilities and REITS, corporate bonds, or treasuries.
Midstream energy companies are yielding over four-times the S&P 500’s yield, a wide spread relative to most of history.
The yield in midstream is also higher than its own history, although it has come in since the volatile 2020 period, which is to be expected. Given trends towards financial discipline in the sector, we believe today’s high yield is well supported. We also view midstream energy’s high yield as diversifying within a client’s income portfolio.
In the recent webcast, Midstream Marvels: An ETF Strategy for the Low-Rate Landscape, John Cusick, Portfolio Manager and Research Analyst, discusses:
- What is midstream energy?
- How does midstream’s high current income compare to other asset classes?
- How is midstream benefiting from financial discipline and better alignment with shareholder interests?
- How can Miller/Howard be an ESG manager in the energy sector?
- What is the outlook and opportunity in midstream energy?
John R. Cusick, CFA, focuses on midstream energy including master limited partnerships (MLPs). Before joining Miller/Howard in 2013, he was a senior vice president and research analyst at Wunderlich Securities Inc. in New York, covering energy in North America including midstream companies focused on natural gas, liquids, and exploration & production. Prior to that, John spent more than a decade at Oppenheimer & Co. beginning his career as a junior analyst on the energy team, covering major oil companies, refiners, and exploration & production companies, and then as a senior research analyst specializing in the midstream sector. He earned his BA in Finance and Marketing from Temple University, and an MBA in Finance from Fordham University School of Business in New York City.