ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers.
U.S. energy production remains robust, with oil, natural gas and natural gas liquids production up double digits year over year.
Infrastructure bottlenecks are beginning to clear as midstream projects are adding new takeaway capacity, primarily in the Permian Basin of West Texas.
Despite higher cash flow growth and higher yields, MLP stocks trade at lower EV/EBITDA multiples than the broader U.S. equity market, utility stocks and REIT stocks.