HOUSTON, Dec. 11, 2025 /PRNewswire/ -- EOG Resources, Inc. (EOG) today announced the appointment of John D. Chandler to its Board of Directors, effective December 10, 2025. Chandler served as Senior Vice President and Chief Financial Officer of The Williams Companies, Inc. (Williams), a publicly traded energy infrastructure provider focused on the gathering, processing, transportation and storage of natural gas, from 2017 until his retirement in 2022. Chandler also serves as a director of Matrix Services Co ...

Core Insights - The proposed Constitution natural gas pipeline could generate up to $11.6 billion in energy savings for consumers and support nearly 2,000 jobs annually over a 15-year period [1][8] - The pipeline is expected to stimulate up to $4.4 billion in additional gross state product across Connecticut, Massachusetts, New York, and Rhode Island, along with generating $432 million in federal and state tax revenues [2][8] Economic Impact - The construction of the 135-mile pipeline could alleviate persistent pipeline constraints in the Northeast, where winter gas prices are nearly three times the national average [3] - The pipeline could reduce local gas prices by up to 6% during peak demand months, providing consistent savings throughout the project's lifespan [4][8] Market Dynamics - The region experiences extreme winter price spikes due to overwhelming demand and limited pipeline capacity, with prices soaring to as much as 36 times the annual average on peak days [5] - The analysis indicates that without additional pipeline capacity, severe market dislocations and seasonal price spikes will continue, even with increased renewable energy sources [5][6] Environmental Considerations - Improved gas supply and price stability from the pipeline could lower greenhouse gas emissions by facilitating a shift from heating oil to natural gas, which has a 28% lower emissions intensity [6] Summary of Key Findings - The Constitution Pipeline is projected to provide up to $11.6 billion in energy savings, with $8.5 billion net savings after service costs, and support nearly 2,000 jobs annually [8] - The total revenue for businesses across the four states could reach up to $8.5 billion [8]

Core Insights - Kayne Anderson Energy Infrastructure Fund, Inc. reported its net assets as of September 30, 2025, totaling $2.4 billion, with a net asset value per share of $13.91 [2][4] - The company's asset coverage ratio under the Investment Company Act of 1940 was 687% for senior securities and 505% for total leverage [2][4] Financial Summary - Total assets amounted to $3,256.3 million, with long-term investments primarily in Midstream Energy Companies (94%), Power Infrastructure (3%), and Other (3%) [4][5] - Total liabilities were reported at $326.4 million, with total leverage of $577.2 million [4][5] Investment Holdings - The ten largest holdings by issuer included: 1. The Williams Companies, Inc. - $356.6 million (11.0%) 2. Enterprise Products Partners L.P. - $318.2 million (9.9%) 3. Energy Transfer LP - $313.5 million (9.7%) 4. MPLX LP - $287.1 million (8.9%) 5. Cheniere Energy, Inc. - $269.4 million (8.3%) 6. Kinder Morgan, Inc. - $256.4 million (7.9%) 7. TC Energy Corporation - $219.3 million (6.8%) 8. ONEOK, Inc. - $192.5 million (6.0%) 9. Enbridge Inc. - $181.9 million (5.6%) 10. Targa Resources Corp. - $130.5 million (4.0%) [5][6] Company Overview - Kayne Anderson Energy Infrastructure Fund, Inc. is a non-diversified, closed-end management investment company focused on providing high after-tax total returns with an emphasis on cash distributions to stockholders [7]

Core Points - Kayne Anderson Energy Infrastructure Fund, Inc. reported its net assets as of July 31, 2025, totaling $2.4 billion, with a net asset value per share of $13.93 [2][4] - The asset coverage ratio under the Investment Company Act of 1940 was 746% for senior securities representing indebtedness and 535% for total leverage [2][4] - The company’s total assets amounted to $3.24 billion, with total liabilities of $347.5 million, resulting in net assets of $2.36 billion [4][5] Financial Summary - Total investments were reported at $3,218.6 million, with cash and cash equivalents at $9.4 million, and total assets at $3,241.1 million [4] - Total leverage, which includes debt and preferred stock, was $538.3 million, with liabilities including a credit facility of $20 million and notes of $368.2 million [4][5] - The company had 169,126,038 common shares outstanding as of the reporting date [4] Investment Composition - Long-term investments were primarily in Midstream Energy Companies (94%), with smaller allocations in Other (4%) and Power Infrastructure (2%) [5] - The ten largest holdings included significant investments in companies such as The Williams Companies, Inc. ($356.3 million, 11.1%) and Energy Transfer LP ($329.6 million, 10.2%) [5][11]

Core Points - Kayne Anderson Energy Infrastructure Fund, Inc. reported its net assets as of June 30, 2025, totaling $2.4 billion with a net asset value per share of $14.10 [2][4] - The asset coverage ratio for senior securities representing indebtedness was 714%, while the total leverage asset coverage ratio was 521% [2][4] - The company’s total assets amounted to $3.2891 billion, with total liabilities of $341.6 million, resulting in net assets of $2.3843 billion [4][5] Financial Summary - Total investments were $3,279.5 million, with cash and cash equivalents at $6.0 million and accrued income at $2.8 million [4] - The company had a total leverage of $563.2 million, which includes a credit facility of $45.0 million and notes amounting to $368.2 million [4] - The company’s long-term investments were primarily in Midstream Energy Companies (94%), with smaller allocations in Power Infrastructure (3%) and Other (3%) [5] Major Holdings - The ten largest holdings by issuer included The Williams Companies, Inc. ($373.3 million, 11.4%), Energy Transfer LP ($331.3 million, 10.1%), and Enterprise Products Partners L.P. ($315.6 million, 9.6%) [5] - Other significant holdings included MPLX LP, Cheniere Energy, Inc., and Kinder Morgan, Inc., with respective investments of $311.7 million, $274.2 million, and $225.9 million [5] Company Overview - Kayne Anderson Energy Infrastructure Fund, Inc. is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940 [7] - The investment objective of the company is to provide a high after-tax total return with a focus on cash distributions to stockholders, investing at least 80% of its total assets in securities of Energy Infrastructure Companies [7]

Core Insights - Pembina Pipeline Corporation (PBA) reported fourth-quarter 2024 earnings per share of 66 cents, exceeding the Zacks Consensus Estimate of 59 cents, driven by strong performance in facilities and marketing & new ventures segments [1][2] - The company's quarterly revenues of $1.5 billion decreased by approximately 15.4% year over year, missing the Zacks Consensus Estimate of $1.8 billion [3] - Operating cash flow increased by 2.5% to C$902 million, while adjusted EBITDA reached a record C$1,254 million compared to C$1,033 million in the prior-year period [3] Financial Performance - PBA's facilities volume for the fourth quarter was 877 thousand barrels of oil equivalent per day (mboe/d), surpassing the consensus mark of 860 mboe/d [1][3] - Earnings from the pipelines segment decreased by about 21% year over year to C$534 million, attributed to the reversal of a previous impairment related to the Nipisi Pipeline [6] - Facilities segment earnings increased by 24% year over year to C$177 million, driven by unrealized gains on interest rate derivative financial instruments [7] - Marketing & New Ventures segment earnings rose by 20% year over year to C$245 million, also benefiting from unrealized gains on interest rate derivative financial instruments [8] Volume and Sales - Total volumes for the fourth quarter reached 4,016 mboe/d, up from 3,752 mboe/d in the prior-year quarter [3] - Natural gas liquids (NGL) sales volumes totaled 252 mboe/d, reflecting a 16% increase compared to the year-ago quarter, supported by higher sales of ethane, propane, and butane [9] Capital Expenditure and Balance Sheet - Pembina's capital expenditure for the quarter was C$242 million, an increase from C$177 million a year ago [11] - As of December 31, 2024, the company had cash and cash equivalents of C$141 million and long-term debt of C$10.5 billion, with a debt-to-capitalization ratio of 37.6% [11] Future Guidance - For 2025, Pembina expects adjusted EBITDA to be in the range of C$4.2 billion to C$4.5 billion and aims to maintain a debt-to-adjusted EBITDA ratio between 3.3 and 3.6 times [12]

Core Insights - The Williams Companies, Inc. (WMB) has announced a $1.6 billion agreement to develop onsite natural gas and power generation infrastructure for an undisclosed investment-grade company, expected to be completed in the second half of 2026 [1][4]. Group 1: Project Overview - This project represents Williams' first major step into power innovation, aimed at enhancing power availability in grid-constrained markets [2]. - The agreement includes a 10-year, primarily fixed-price power purchase agreement with an extension option, which helps mitigate risks associated with oil and natural gas price fluctuations [5]. Group 2: Financial Implications - Following this agreement, Williams has increased its 2025 growth capital expenditure (Capex) guidance by $925 million, raising the total range to $2.6-$2.9 billion [6]. - The anticipated investment is expected to push the company's 2025 leverage ratio midpoint to 3.65 [6]. Group 3: Market Position and Demand - WMB is strategically positioned to benefit from the rising demand for natural gas, particularly due to the energy needs of artificial intelligence and data centers [3]. - The company currently manages a third of the U.S. natural gas supply and has significant expansion projects underway, indicating favorable industry dynamics and growth prospects [3].