Safe and Sound – Midstreamers Stay Financially Stable Despite Reacceleration of Gas-Focused Capex
Thu Feb 05 2026
The U.S. midstream sector experienced a massive infrastructure buildout in the 2010s, followed by a sharp pullback after 2020, and then a new era of financial discipline and deleveraging. Now, AI-propelled power load growth and a wave of LNG export expansion are pushing midstream capex higher again.