Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for DT Midstream, driven by higher revenues, with a focus on how actual results will compare to estimates [1][2]. Earnings Expectations - DT Midstream is expected to report quarterly earnings of $1.07 per share, reflecting an 8.1% increase year-over-year [3]. - Revenue projections stand at $283.86 million, indicating an 18.3% rise from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 1.67% higher in the last 30 days, indicating a positive reassessment by analysts [4]. - The Most Accurate Estimate for DT Midstream is higher than the Zacks Consensus Estimate, suggesting a bullish outlook from analysts [10]. Earnings Surprise Prediction - The Earnings ESP for DT Midstream is +0.84%, indicating a likelihood of beating the consensus EPS estimate [11]. - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [8]. Historical Performance - In the last reported quarter, DT Midstream exceeded the expected earnings of $0.91 per share, achieving $0.94, resulting in a surprise of +3.30% [12]. - Over the past four quarters, the company has surpassed consensus EPS estimates three times [13]. Conclusion - DT Midstream is positioned as a compelling candidate for an earnings beat, but investors should consider additional factors before making investment decisions [16].

Core Viewpoint - Kinder Morgan maintains an optimistic outlook on natural gas demand, driven by liquefied natural gas (LNG) exports and emerging demand from artificial intelligence data centers [1][2]. Investment Landscape - The Trump administration has announced nearly $7 trillion in new investments, which could significantly boost natural gas demand if realized [2][3]. - Major companies, including Apple, Softbank, OpenAI, and Oracle, are committing substantial investments, with Apple alone pledging $500 billion [3][5]. Infrastructure and Growth Opportunities - Kinder Morgan has a backlog of $8.8 billion in projects, with 91% supporting natural gas, indicating strong growth potential [7]. - The company is expanding its Elba Express pipeline, which will deliver 325 million cubic feet of natural gas per day, with potential future expansion to 1 billion cubic feet per day [7]. Market Position - Kinder Morgan is strategically positioned to capture a significant share of the growing natural gas market, supported by its extensive pipeline network and storage capacity [8]. - The company is actively pursuing over 5 billion cubic feet per day of opportunities in the natural gas power generation sector [8]. Future Outlook - Natural gas demand is expected to grow steadily, bolstered by catalysts such as LNG and AI data centers, alongside the influx of $7 trillion in investment pledges [9]. - This growth presents Kinder Morgan with further opportunities to expand its gas infrastructure and maintain its high-yielding dividend [9].

TC Energy Corporation (TRP) has reaffirmed its commitment to the Canadian Mainline, one of its most critical infrastructure assets, amid rising geopolitical risks and a renewed focus on energy security. It will neither sell nor convert the natural gas pipeline, citing its crucial role in the company’s portfolio and its fully contracted status.TC Energy anticipates that natural gas and electricity demand is expected to grow by 75% by 2035, fueled by expanding LNG exports and rising electricity needs from AI ...

Core Viewpoint - NGPL PipeCo LLC has received the necessary consents from holders of its Senior Notes to amend the terms of the Indentures related to the 2027 and 2031 Notes, allowing for a significant transaction involving the sale of a 25% interest in NGPL Holdings LLC to ArcLight Capital Partners, LLC [1][4][5] Group 1: Consent and Amendments - The Company announced that consents were validly delivered exceeding the requisite threshold for the Proposed Amendments to the Indentures for both Series of Notes [3] - The Proposed Amendments will redefine "Change of Control" in the Indentures, ensuring that the upcoming Transaction will not trigger a Change of Control under the Indentures [5] - A supplemental indenture will be executed for each Series of Notes to formalize the Proposed Amendments, which will become enforceable upon execution but will not be operative until the consent fee is paid [5] Group 2: Transaction Details - The Transaction involves Brookfield Infrastructure US Holdings I selling its 25% interest in NGPL Holdings to ArcLight, with both ArcLight and Kinder Morgan, Inc. having equal rights to elect 50% of the board members post-transaction [4] - Upon completion of the Transaction, ArcLight funds will hold a 62.5% economic interest in NGPL Holdings, while Kinder Morgan will retain a 37.5% economic interest and continue to operate the pipeline assets [4] - The Transaction is anticipated to close in the second quarter of 2025, subject to customary closing conditions [4] Group 3: Company Overview - NGPL PipeCo LLC is a Delaware limited liability company and the issuer of the Senior Notes, with its subsidiary being a major transporter of natural gas in the Chicago area and across the U.S. [10] - The subsidiary operates approximately 9,100 miles of pipeline and has significant natural gas storage capacity, providing access to major supply basins [10] - Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America, operating extensive pipeline and terminal networks [12]

Core Viewpoint - Many companies have reduced their focus on paying dividends, resulting in a low dividend yield of around 1.3% for the S&P 500, but several companies still offer higher yields around 4% for investors seeking dividend income [1] Group 1: Agree Realty - Agree Realty has a dividend yield of 4% and focuses on owning single-tenant net lease and ground lease retail properties, providing stable cash flow [2] - The REIT emphasizes tenant credit quality, with 68.2% of its rent coming from clients with investment-grade credit ratings, and regularly upgrades its portfolio by replacing lower-quality tenants [2][3] - Over the past decade, Agree Realty has grown its payout at a 5.6% compound annual rate, supported by a low dividend payout ratio and a conservative balance sheet, allowing for continued investment in income-generating properties [3] Group 2: Chevron - Chevron offers a dividend yield of 4.1% and generates significant cash flow through its integrated business model, which includes oil and gas production, midstream assets, and refining operations [4] - The company produced $15 billion in free cash flow last year, easily covering its $11.8 billion in dividend payments, and has a strong record of dividend growth with its 38th consecutive annual increase this year [5] - Chevron expects to generate an additional $10 billion in annual free cash flow by 2026, driven by expansion projects and cost-saving initiatives [5] Group 3: Kinder Morgan - Kinder Morgan has a dividend yield of 4.1% and generates nearly $5.9 billion of cash flow from operations, sufficient to cover its capital expenditures and dividend payments [6] - The company has increased its dividend for seven consecutive years and plans to raise its payout later this year, supported by $8.1 billion in growth capital projects [7] - Kinder Morgan's growth capital spending is expected to enhance its ability to pay dividends, with visible cash flow growth anticipated through the end of the decade [7] Group 4: Rexford Industrial Realty - Rexford Industrial Realty currently has a dividend yield of 4.4% and focuses on owning industrial buildings in Southern California, benefiting from strong demand and constrained supply [8] - The REIT has grown its dividend at an 18% compound annual rate over the past five years, driven by increasing rental income and an expanding portfolio [9] - Rexford expects its net operating income to surge 40% in the coming years, supported by annual rental increases, new leases at higher rates, and ongoing redevelopment projects [10] Conclusion - Agree Realty, Chevron, Kinder Morgan, and Rexford Industrial Realty are highlighted as excellent dividend stocks with above-average yields and a history of steady increases, making them attractive options for dividend income [11]

NEW YORK, March 31, 2025 /PRNewswire/ -- NGPL PipeCo LLC, a Delaware limited liability company (the "Company"), has announced that it has commenced solicitations of consents (each, a "Consent Solicitation") from holders ("Holders") of the Company's 4.875% Senior Notes due 2027 (the "2027 Notes") and 3.250% Senior Notes due 2031 (the "2031 Notes" and, together with the 2027 Notes, the "Notes" and each a "Series of Notes") to certain amendments (the "Proposed Amendments") to the Indenture, dated as of August ...

Group 1: Industry Overview - Higher-yielding dividend stocks are typically slower-growing companies that pay out a significant percentage of cash flow in dividends due to limited attractive growth opportunities [1] - The pipeline industry has experienced slowed growth in recent years but is now seeing a resurgence in demand, leading to increased investment rates and potential for faster growth [2] Group 2: Kinder Morgan Insights - Kinder Morgan has added $5 billion in new large-scale natural gas pipeline projects, with a backlog now at $8.1 billion, a 60% increase over the past quarter [4] - The company anticipates that these investments will drive earnings growth, allowing for an acceleration in dividend growth starting in 2027 [5] - CEO Kim Dang projects an overall growth in the natural gas business of approximately 28 billion cubic feet per day by 2030, compared to last year's U.S. gas consumption of 110 billion cubic feet per day [7] Group 3: Williams Insights - Williams offers a higher dividend yield of 3.5% and has been increasing its payout at about 5% annually over the past five years [8] - The company has announced a $1.6 billion investment in a new gas-powered project, which will increase its 2025 growth capital project budget to between $2.6 billion and $2.9 billion [10] - Williams has a backlog of projects expected to enter service through the end of the decade and has 30 potential projects under development, representing $11.8 billion in investment potential through 2032 [10] Group 4: Future Outlook - The resurgence in natural gas demand is expected to accelerate growth for pipeline companies like Kinder Morgan and Williams, enabling them to grow their high-yielding dividends more rapidly in the future [12]

Financial Data and Key Metrics Changes - The company expects its expansion capital program to be around $2 billion, with potential variations between $2 billion and $2.4 billion, indicating a stable financial outlook for future investments [49] - Current leverage is around four times, with expectations for it to drift lower over time as new projects come online, creating capacity for further share repurchases [51] Business Line Data and Key Metrics Changes - Kinder Morgan moves 40% of U.S. natural gas and serves about 20% of the power demand across the U.S., with 40% of the power demand within the Texas market, highlighting its significant market position [7] - The company has signed 1.2 Bcf per day of commitments for the Southern Natural Gas expansion project, which is a three Bcf per day project, indicating strong demand in the Southeast markets [11] Market Data and Key Metrics Changes - Wood Mackenzie projects natural gas demand to grow from 108 Bcf per day to 128 Bcf per day by 2030, with significant contributions expected from LNG and exports to Mexico [12] - The peak power demand in Texas increased from 70 gigawatts in 2018 to 86 gigawatts in 2023, reflecting a 16 gigawatt increase and indicating robust growth in power demand [6] Company Strategy and Development Direction - The company is focusing on expanding its natural gas infrastructure to meet increasing power demand driven by population migration and industrial growth in states like Texas and Arizona [4] - Kinder Morgan is also investing in renewable diesel and RNG assets, with ongoing projects aimed at enhancing its renewable fuel infrastructure [44][46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth of power demand, particularly from data centers and AI, and believes that the overall power demand is underestimated by some analysts [13][15] - The company is optimistic about the regulatory environment, noting recent positive rulings that could facilitate future projects [33][34] Other Important Information - The company has completed a 5 Bcf storage project and is looking at additional storage opportunities, indicating a proactive approach to increasing storage capacity amid growing market volatility [30] - The company is exploring both brownfield and greenfield storage projects, with expectations that greenfield storage will become viable as storage rates remain high [31] Q&A Session Summary Question: Can you provide insights on the macro backdrop for natural gas demand? - Management highlighted ongoing commercial discussions related to over five Bcf per day of opportunities, with 1.6 Bcf per day specifically tied to data center demand [2][3] Question: What is the status of the Southern Natural Gas expansion? - The company confirmed binding commitments of 1.2 Bcf per day for the expansion project, with an expected in-service date in late 2028 [11] Question: How does the company view the supply picture in the near and long term? - Management provided projections for supply growth from various regions, indicating a strong position to meet demand, particularly from the Eagle Ford and Permian basins [18][20] Question: What are the expectations regarding regulatory developments? - Management noted positive recent rulings and expressed optimism about navigating the regulatory landscape effectively [33][34] Question: Can you update on the renewable diesel and RNG projects? - The company reported progress in renewable diesel capacity and ongoing challenges in ramping up RNG facilities, with expectations for improved performance in the near future [44][46]