Capital One initiates coverage on US midstream companies, sees favorable tailwinds

** Capital One Securities initiates coverage on US midstream companies and says the Middle East conflict has put a spotlight on the relative safety and security of US infrastructure

** Brokerage adds several favorable industry tailwinds remain in place and believes investors should buy any material pullback in the stocks

** With Permian egress coming online, we expect fewer concerns around curtailments and regional pricing near-term, although issues could resurface as early as 2028 — Capital One Securities

** Brokerage says inventory depth and quality, peak production timing, gas-to-oil ratios, improved recoveries and new horizons will remain key topics going forward

Brokerage initiates coverage on the following companies: