Short-Term Gas Price Weakness Overshadows DT Midstream’s (DTM) Long-Term Power & LNG Upside

Reaves W H & Co Inc released its third-quarter 2026 investor letter for “Reaves Dividend Income Strategy”. The letter can be downloaded here. The strategy fell 9.98% (net) in the quarter, underperforming the MSCI USA Infrastructure benchmark’s 5.73% decline. Year-to-date net returns were 2.48%, ahead of the benchmark. Portfolio companies’ cash distributions grew 5.0% over the past 12 months. In the third quarter, rising Treasury yields, inflation risks, and tighter monetary policy...