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The Daley Note 3/11/2021

The Daley Note 3/11/2021

  • Summit Lightens the Load: Recent debt management moves have improved Summit Midstream’s financial position from previous East Daley forecasts, though we still expect earnings to decline in half of SMLP’s eight operating areas in 2021. SMLP
  • Crude Storage Up, Refined Products Down: U.S. crude oil stockpiles rose sharply in the most recent week according to the Energy Information Administration, but refined product inventories continue to fall as Gulf Coast operations remain disrupted following the mid-February Arctic blast.
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