Midstream Buybacks Picked Up in 2Q23
August 22, 2023 at 10:30 AM EDT
Summary Nine constituents in the broad Alerian Midstream Energy Index (AMNA) spent a combined $1.1 billion on equity repurchases in 2Q23. Corporations were more active with buybacks this quarter than MLPs, with some companies prioritizing other uses of capital over equity repurchases. As companies continue to generate excess free cash flow, buybacks remain an important [...] The post Midstream Buybacks Picked Up in 2Q23 appeared first on ETF Trends .