Northwind Midstream could be the next big energy infrastructure deal, as MPLX circles a $2.3 billion acquisition https://t.co/iuuXIZGhyV ...

In the last reported quarter, Enbridge's adjusted earnings of 72 cents per share beat the Zacks Consensus Estimate of 68 cents, driven by higher Adjusted EBITDA contributions from its major business segments like Liquids Pipelines, Gas Transmission, and Gas Distribution and Storage. Key Takeaways Enbridge Inc. (ENB) is set to report second-quarter 2025 results on Aug. 1, before the opening bell. Highlights of Q1 Earnings & Surprise History Earnings surpassed the Zacks Consensus Estimate in two of the traili ...

Core Viewpoint - Transocean Ltd. (RIG) is expected to report a loss of 1 cent per share with revenues of $968.1 million for Q2 2025, reflecting a year-over-year growth of 12.44% from the previous year's $861 million in revenues [1][3]. Group 1: Q1 Performance and Surprise History - In the last reported quarter, RIG had an adjusted net loss of 10 cents per share, which was better than the Zacks Consensus Estimate of a loss of 12 cents. Adjusted revenues were $906 million, surpassing the estimate of $886 million [2]. - RIG has beaten the Zacks Consensus Estimate in two of the last four quarters, with an average negative surprise of 242.7% [2]. Group 2: Revenue and Cost Projections - RIG's revenues are projected to improve due to strong performance in its segments, particularly the Ultra-Deepwater Floaters segment, which is expected to grow by 16.1% year-over-year to $703.5 million, and the Harsh Environment Floaters segment, anticipated to rise by 5.1% to $267.9 million [5]. - Total costs and expenses for RIG are expected to increase by 11% year-over-year to $862.7 million, driven by a 15% rise in Operating and Maintenance (O&M) costs to $614.3 million and a 10.5% increase in depreciation and amortization expenses to $203.3 million [6][7]. Group 3: Earnings Expectations - The Zacks Consensus Estimate for RIG's second-quarter earnings has remained unchanged over the past 30 days, indicating a significant year-over-year growth of 93.33% [3]. - RIG's Earnings ESP is 0.00%, suggesting that the model does not predict an earnings beat for this quarter [10].

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Core Insights - Petrobras has initiated drilling of a new well, 9-BUZ-103D-RJS, in the Buzios Field at a water depth of 1,700 meters, showcasing its ambition in the pre-salt frontier [1][9] - The company is a dominant player in Brazil's oil and gas sector, producing most of the country's crude oil and natural gas, and holding nearly all refining capacity [2] - The aggressive development of the Buzios field, projected to reach 2 million barrels per day by 2030, positions Petrobras for significant long-term growth [3] Drilling Operations - The Atlantic Zonda drillship, under a three-year contract with Petrobras, is leading the deepwater drilling campaign and features Managed Pressure Drilling capabilities [4][9] - Recent discoveries, including a new oil accumulation in the Buzios field, validate the area's untapped potential [5] - Petrobras is also increasing drilling activities in the Agua Marinha block and the Aram block of the Santos Basin, indicating a broader focus on the pre-salt zone [6] Strategic Importance - The ongoing drilling campaigns reflect Petrobras' confidence in the pre-salt layer, which continues to yield promising results both technically and commercially [7] - As the company expands its drilling efforts across the Campos and Santos basins, it sets the stage for further discoveries that could enhance Brazil's energy dominance globally [7]

Group 1 - The article discusses a comparison between MPLX LP and Western Midstream to determine which MLP is a better investment choice [1] - The author, Roberts Berzins, has over a decade of experience in financial management and has contributed to the development of financial strategies for top-tier corporates [1] - Berzins has also worked on institutionalizing the REIT framework in Latvia to enhance the liquidity of pan-Baltic capital markets [1] Group 2 - The article does not provide any specific financial data or performance metrics for MPLX LP or Western Midstream [1] - There is no mention of any recent events or news that could impact the performance of these companies [1]

Group 1 - BP plc has agreed to divest its U.S. onshore wind business to LS Power as part of a strategic reset to focus on traditional oil and gas operations [1][10] - The divestment is aimed at improving shareholder returns and addressing investor concerns due to BP's underperformance compared to rivals [2] - BP's U.S. onshore wind business, bp Wind Energy, consists of 10 operational projects across seven states with a cumulative capacity of nearly 1.7 GW, of which BP owns 1.3 GW [3][10] Group 2 - The transaction is expected to conclude by the end of this year, with bp Wind Energy becoming part of LS Power's subsidiary, Clearlight Energy, increasing LS Power's total capacity to about 4.3 GW [4] - The acquisition by LS Power is intended to expand its renewable energy capacity to meet growing energy demands in the U.S. [5] - The financial details of the deal have not been disclosed [4]

Core Insights - SLB reported Q2 2025 earnings of 74 cents per share, exceeding the Zacks Consensus Estimate of 73 cents, but down from 85 cents in the same quarter last year [1][10] - Total quarterly revenues reached $8.55 billion, surpassing the Zacks Consensus Estimate of $8.49 billion, but decreased from $9.14 billion year-over-year [1][10] - The positive quarterly results were mainly driven by international growth, strong digital revenues, and increased demand for production systems [2] Segment Performance - Digital & Integration unit revenues totaled $995 million, a 5% decline from the previous year, with pre-tax operating income slightly up to $327 million, missing the Zacks estimate of $330 million [3] - Reservoir Performance unit revenues decreased by 7% to $1.69 billion, with pre-tax operating income down 16% to $314 million, but beating the Zacks estimate of $297 million [4] - Well Construction segment revenues fell 13% to $2.96 billion, with pre-tax operating income down 26% to $551 million, aligning with the Zacks estimate [5] - Production Systems segment revenues increased slightly to $3.04 billion, with pre-tax operating income up 5% to $499 million, exceeding the Zacks estimate of $488 million [6] Financials - SLB reported free cash flow of $622 million for Q2 2025 [7] - As of June 30, 2025, the company had approximately $3.75 billion in cash and short-term investments, with long-term debt at $10.89 billion [7] Outlook - SLB's full-year 2025 capital investment guidance is approximately $2.4 billion, lower than the 2024 level of $2.6 billion [8] Stock Performance - SLB currently holds a Zacks Rank 5 (Strong Sell) [9]

Core Insights - Transocean, Inc. added approximately $199 million to its contract backlog in Q2 2025, securing four new contracts and extensions with various customers [1][8] - The total contract backlog reached approximately $7.2 billion as of July 16, 2025, indicating strong demand for the company's advanced fleet and drilling management services [6][8] Contract Extensions and New Contracts - The Transocean Spitsbergen rig secured a contract extension with Equinor for offshore work in Norway, with a dayrate of $395,000 [2] - Transocean Equinox received a contract extension from an undisclosed client in Australia, with a dayrate of $540,000, scheduled to begin drilling for ConocoPhillips in September 2025 [3] - A new contract was secured for the Deepwater Skyros drillship with Murphy Oil, involving drilling three wells in Ivory Coast at a dayrate of $361,000, starting in December 2025 [4] - The Deepwater Mykonos drillship received a 60-day extension with Petrobras, with an option for an additional 120 days [5]

Group 1 - Enterprise Products Partners (EPD) is advancing a $7.6 billion capital project slate, with $6 billion in assets expected to enter service in 2025, including major infrastructure projects like two Permian gas processing plants and the Bahia NGL pipeline [1][9] - EPD generates a significant portion of its revenues from fixed-fee contracts, providing a stable cash flow base and insulating the partnership from commodity price volatility [2] - Approximately 80% of EPD's gross operating margin in the last reported quarter came from fee-based sources, allowing for consistent distribution growth over 26 consecutive years [3] Group 2 - A significant portion of EPD's planned 2026 capital expenditure ($1.8-$1.9 billion) has already been allocated to projects that have received clearance, indicating that construction is underway [4][9] - EPD's units have gained 5.6% over the past year, outperforming the 4.6% growth of the composite stocks in the industry [8] - EPD currently trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 10.18X, which is below the broader industry average of 11.45X [12]