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North American midstream M&A slows in 2026, focusing on bolt-ons and foreign investments in LNG and pipelines.

Market News
09 Jun 2026
ETF Trends
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Bullish
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Midstream mergers and acquisitions (M&A) activity in North America has slowed in 2026 compared to 2025, as companies prioritize organic growth and shareholder returns. Recent deals mainly involve smaller bolt-on acquisitions that improve operational efficiency at lower multiples. Foreign investors remain attracted to U.S. midstream assets, exemplified by a $2.25 billion pipeline purchase by Abu Dhabi's 2PointZero. While large deals were prominent in 2025, 2026 favors selective acquisitions and organic growth, with companies like Sunoco committing to multi-year bolt-on strategies. The sector continues to offer stable, fee-based cash flows and dividend growth potential.

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