Core Insights - Targa Resources Corp. (TRGP) has announced significant investments in its Permian Basin operations, including a new NGL pipeline and natural gas infrastructure [1][2] - The Speedway NGL Pipeline will have an initial capacity of 500,000 barrels per day, with potential future expansions to double this capacity, costing $1.6 billion and expected to be operational by Q3 2027 [1] - A new natural gas processing plant, the Yeti plant, will provide 275 million cubic feet per day processing capacity, aimed at transporting NGLs to the fractionation and storage complex in Mont Belvieu, Texas [1] Investment and Growth - The Buffalo Run project will enhance connections between Delaware and Midland natural gas assets, utilizing a mix of new and existing pipelines, expected to be completed by early 2028 [2] - TRGP's expected capital expenditures for 2025 have increased from $2.85-$3.05 billion to $3.3 billion due to these projects [2] - The company has experienced meaningful volume growth in its Permian Basin assets, with a robust outlook for continued growth in 2026 [2] Market Position - TRGP is recognized as a top-10 holding in the Alerian Energy Infrastructure ETF (ENFR), which tracks the Alerian Midstream Energy Select Index (AMEI) yielding 5.3% as of October 1 [2]

Core Viewpoint - David Tepper, founder of Appaloosa Management, emphasizes investing in undervalued stocks with strong fundamentals, disregarding market sentiment [1][2] Market Sentiment and Economic Outlook - Tepper expresses a cautious yet constructive outlook on the U.S. stock market, anticipating two more rate cuts by the Fed this year [2] - He highlights the importance of monitoring 10-year Treasury yields and 30-year mortgage rates, suggesting potential boosts for housing-related assets if rates decline [2] Investment Strategy - Tepper's investment strategy focuses on value and long-term growth, with a portfolio that includes energy stocks, Nvidia, and AI companies [3] - He encourages investors to remain engaged in the market, indicating ongoing opportunities despite economic challenges [3] Methodology for Stock Selection - The top 10 long-term stocks are derived from Appaloosa Management's Q2 2025 13F portfolio, focusing on companies held for at least five consecutive years [5] - Hedge fund sentiment is analyzed using Insider Monkey's database to rank stocks based on Appaloosa's stake percentage [5] Stock Highlights - **MPLX LP (NYSE:MPLX)** - Portfolio Holding Value: $29.80 million, representing 0.46% of Appaloosa's portfolio [8] - Expected Q3 2025 earnings per share: $1.10, with revenue estimated at $3.16 billion [9] - Average price target of $57 implies a 14.11% upside from current levels [11] - **Energy Transfer LP (NYSE:ET)** - Portfolio Holding Value: $89.87 million, representing 1.39% of Appaloosa's portfolio [12] - Wells Fargo maintains a Buy rating with a price target of $23, indicating a potential 34.03% upside [14] - Anticipated catalysts include new pipeline projects and expansions that could enhance growth [13]

Group 1: Industry Overview - The widespread adoption of artificial intelligence (AI) is significantly increasing the demand for data centers, which require sophisticated servers and infrastructure to process data and train models [1] - Data centers are driving higher electricity needs, which in turn raises the demand for natural gas due to its cleaner energy generation compared to other sources [2] Group 2: Company Insights - Antero Resources (AR) is a leading natural gas explorer and producer in the United States, with a strong presence in the Appalachian Basin, positioning it well to benefit from the rising energy demand driven by data centers [3] - Williams (WMB) is a midstream energy company that transports approximately 33% of the natural gas produced in the domestic market, indicating a positive outlook for the company [4] - Kinder Morgan Inc (KMI) also operates as a midstream energy major, responsible for transporting around 40% of the natural gas produced in the U.S., further highlighting its significant role in the market [4]

Group 1: Company Overview - Western Midstream Partners, LP (NYSE:WES) is a Texas-based midstream energy company with assets in Texas, New Mexico, and the Rocky Mountains, incorporated in 2007 and focused on improving lives through efficient energy delivery [4] Group 2: Financial Performance - The company has a solid dividend yield of over 9%, making it an attractive distribution play, particularly in the Delaware Basin [2] - Eagle Global Advisors LLC trimmed its stake in Western Midstream Partners by 18.8%, now holding 1,925,950 shares, reflecting an ownership of 0.51% and an investment of $74,534,000 [1] Group 3: Strategic Moves - Western Midstream Partners recently entered the water infrastructure market through the acquisition of Aris Water Solutions for $1.5 billion, expected to enhance offerings and contribute to free cash flow in the coming year [3] - The company is well-positioned to benefit from the surging demand for energy needs and data centers [3]

MPLX LP (NYSE:MPLX) is among the most profitable oil stocks to buy now. Analysts at Wells Fargo have reiterated their ‘Overweight’ rating on MPLX LP (NYSE:MPLX), while cutting the price target to $59.00 from $60.00, implying a potential surge of about 18%. This 1.67% price target reduction is driven by the company’s recent sale of its Rockies gathering and processing (G&P) assets. The research firm believes that this transfer of assets could impact the company’s future earnings, particularly the EBITDA. A ...

Enterprise Products Partners (NYSE: EPD ) offers an attractive distribution that has been growing annually since its IPO 27 years ago. I expect such growth to continue, and the current distribution offers an attractive 7% yield.With a professional background spanning multiple industries, from logistics, construction to retail, I bring a diverse perspective to investing. My international education and career experiences have provided me with a global outlook and the ability to analyze market dynamics from di ...

Core Insights - KKR is considering selling its 40% stake in Pembina Gas Infrastructure, valued at approximately $7 billion [1] - Pembina Gas Infrastructure, established in 2022, operates natural gas and natural gas liquids transportation, processing, and storage facilities in western Canada, with a processing capacity of around 5 billion cubic feet per day [2] - KKR has engaged Scotiabank to assess buyer interest, with potential buyers including infrastructure funds and alternative asset managers seeking stable returns [3] - If KKR proceeds with the sale at the proposed valuation, it would realize a significant profit, as the initial valuation at creation was C$11.4 billion ($8.17 billion) [4] - The potential sale aligns with increased deal activity in Canada's energy sector, driven by investor interest in infrastructure to meet rising demand [4]

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]

KKR is exploring a potential sale of its 40% stake in Pembina Gas Infrastructure, with its holding in the Canadian midstream operator expected to be valued at around $7 billion, four people familiar w... ...

Energy Transfer LP (NYSE:ET) is included among the 12 Best LNG Stocks to Buy According to Hedge Funds. Energy Transfer (ET): One of the Best LNG Stocks to Invest in Energy Transfer LP (NYSE:ET) made headlines this summer when it announced that it would supply Chevron with an additional 1 mtpa of liquefied natural gas from its Lake Charles LNG export facility, bringing the total volume of LNG supply contracted by Chevron to 3 mtpa under the 20-year agreement. In April, Energy Transfer LP (NYSE:ET) filed ...