Inflation, oil prices and interest rates have all remained higher for longer than conventional wisdom anticipated. We explore a scenario in which this environment persists and its implications for energy investments. OUR HIGHER-FOR-LONGER STANCE: Midstream companies enter this environment from a position of strength. Balance sheets are stronger, returns on invested capital have improved, and companies are generating meaningful free cash flow after capital expenditures. This a

FIRESIDE CHAT WITH EQT CFO, JEREMY KNOP On August 6th, we hosted a fireside chat with Jeremy Knop, Chief Financial Officer (CFO) of EQT Corporation (NYSE: EQT), to discuss the outlook for natural gas and EQT’s transformation from a traditional exploration and production (E&P) company into a vertically integrated natural gas company designed to generate durable cash flow across commodity cycles. The conversation reinforced a central theme of our natural gas thesis: near-term c

WILLIAMS COMPANIES FIRESIDE CHAT RECAP The Street is bullish on The Williams Companies, Inc. (NYSE: WMB), and we concur. The market’s favorable sentiment is captured by the title of Barron’s recent article “Williams Is No AI Pipe Dream. The Stock Is A Winner”. On July 7, we hosted a Fireside Chat with John D. Porter, Executive Vice President and Chief Financial Officer of The Williams Companies. Williams operates more than 33,000 miles of pipeline and delivers roughly one-t