Alternatives SteelPath commentary on the midstream energy infrastructure industry

July 9, 2026
Latest SteelPath commentary on the Midstream energy infrastructure industry

Each month, the Invesco SteelPath team provides an update and insight on the most recent midstream industry happenings. Each monthly commentary provides:

  • Market performance update
  • Recent news
  • Chart of the month

Midstream equities modestly outperformed the broader markets in June as the conflict in the Middle East continued to drive volatility, particularly in commodity prices.1 In this month’s Chart of the Month we look at the considerable expansion of liquified natural gas (LNG) export capacity over the next several years that is likely to help fill the void of damaged Middle Eastern export capacity. There is more than 17 billion cubic feet per day (bcf/d) of additional capacity estimated to be placed into service by the end of 2031, much of which is concentrated along the U.S. Gulf Coast.2

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  • 1

    Midstream MLPs, as measured by the Alerian MLP Index (AMZ), ended June down 0.04% from both a price perspective and after distributions are considered. The AMZ outperformed the S&P 500 Index’s 0.95% total return loss for the month. The best performing midstream subsector for June was the Natural Gas Compression group, while the Other Energy subsector underperformed, on average.

    For the year through June, the AMZ is up 14.47% on a price basis, resulting in an 18.48% total return. This compares to the S&P 500 Index’s 9.55% and 10.19% price and total returns, respectively. The Water Handling and Services group has produced the best average total return year-to-date, while the Diversified Midstream subsector has lagged.
  • 2

    U.S. Energy Information Administration (EIA) as of June 2026.