Things are looking up for the harried midstream sector, two senior executives with careers that have persevered through multiple energy cycles, told attendees at the MLP & Energy Infrastructure Conference on May 23.

“The MLPs have gone through a tough cycle but they have turned around,” Randy Fowler, president of Enterprise Products Partners LP, said in a panel discussion with EnLink Midstream President and CEO Michael Garberding. “We’re in a rehabilitation phase now; it’s important not to overreact,” Fowler added.

Garberding agreed, adding midstream managers “need to have a long-term strategic plan and be ready to turn that strategy into short-term execution” as business improves.