BUZZ-Capital One initiates coverage of U.S. midstream companies for the first time, viewing them as facing favorable growth momentum.

September 22 - ** Capital One Securities initiates coverage on US midstream companies, noting that Middle East conflicts highlight the relative safety and reliability of US infrastructure.

** The broker adds that there are still several favorable factors in the industry and believes investors should buy on any significant pullback in share prices.

** With the new pipelines exporting from the Permian Basin coming online, we expect short-term market concerns around production cuts and regional pricing to ease, although related issues could resurface as soon as 2028 — Capital One Securities

** The broker states that inventory depth and quality, peak production timing, gas-oil ratio, enhanced recovery rates, and new exploration prospects will remain key topics going forward.

The broker initiates coverage on the following companies:

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