So far, 2019 has been a case of déjà vu for the midstream with a strong start for publicly traded companies, but industry executives are hoping that the rest of the year doesn’t follow the previous year’s sharp decline.

The Alerian MLP Index has experienced double-digit growth so far in January, much like what we saw in the early going of 2018. However, the index closed out 2018 down nearly 19%, which erased these gains from the start of the year.

There is cause for optimism this year, though with Raymond James noting strong tailwinds for the midstream in the form of strong domestic crude production and increasing demand for domestically produced crude, gas and liquids.