Several companies across the energy infrastructure landscape were active with their repurchase programs in 1Q22, albeit at mostly modest amounts. Energy infrastructure companies repurchased $370 million of their equity in aggregate during the first quarter of 2022. Combining the last four quarters, energy infrastructure companies have spent $2.1 billion on equity repurchases. The energy infrastructureRead More
There have been many positive developments in recent years for the energy infrastructure space, including improvements to balance sheets, the shift to significant free cash flow generation, and progress with ESG metrics, but one of the most notable changes for midstream investors may be the proliferation of buyback programs.
During the fourth quarter, energy infrastructure companies repurchased $650 million of their equity in aggregate, with MLPs accounting for the bulk of activity.