No matter who becomes the U.S. president, midstream executives are optimistic about the upcoming year given the improved price outlook for natural gas and the level of activity that has been spurred by producer customers, particularly in the Haynesville Shale.

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Speaking early Tuesday on the third quarter earnings call, Plains All American LP CEO Willie Chiang said the company recognizes that a potential change in the administration could “create headwinds” for the industry. “However, it could also bring benefits, particularly for those with pipe in the ground.”

“Alternative sources of energy will continue to grow and will be an important addition to meeting global energy needs,” Chiang said, “but we also firmly believe that hydrocarbons will be needed for decades...