尽管价格低廉,但节俭、高效的勘探与生产仍能保持分销畅通

即使大宗商品价格较低,由于并购、钻井效率和资本纪律,生产商仍通过股息和回购保持了健康的股东回报。

即使大宗商品价格较低,由于并购、钻井效率和资本纪律,生产商仍通过股息和回购保持了健康的股东回报。(来源:Shutterstock.com

勘探与生产部门正在努力通过给予投资者他们想要的东西——现金来赢回投资者。

他们通过强劲的自由现金流实现了这一目标,并通过股息和股票回购等方式将这些自由现金流返还给股东。

Piper Sandler 董事总经理 Doug Reynolds(来源:Piper Sandler)

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Despite Low Prices, Thrifty, Efficient E&Ps Keep Distributions Flowing

Even with lower commodity prices, producers have maintained healthy shareholder returns through dividends and buybacks thanks to M&A, drilling efficiencies and capital discipline.

Even with lower commodity prices, producers have maintained healthy shareholder returns through dividends and buybacks thanks to M&A, drilling efficiencies and capital discipline. (Source: Shutterstock.com)

The E&P sector is working to win back investors by giving them what they want—cold, hard cash.

They’re doing so with robust free cash flows, which are being returned to shareholders through a medley of dividends and stock buybacks.

Doug Reynolds, managing director, Piper Sandler (Source: Piper Sandler)

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