Midstream Mergers and the Anime Analogy The news of Kinetik Holdings Inc. 's exploration of strategic alternatives, including a potential sale, sent shockwaves through the financial community last week.
Analysts point to the company's improving financial performance and attractive midstream assets, but there's more to this story than just the numbers.
The midstream sector has become increasingly appealing to infrastructure and energy buyers in recent years. This trend bears some resemblance to the anime industry's consolidation phase of the 2010s.