Workflow
Oil & Gas Midstream
icon
Search documents
Hess Midstream Cuts Outlook As Chevron Scales Back Bakken Drilling
Yahoo Finance· 2025-09-19 14:06
Core Viewpoint - Hess Midstream LP has revised its financial and operational outlook for the upcoming years due to a slowdown in drilling activity by Chevron in the Bakken region, projecting oil throughput volumes to plateau while gas throughput is expected to grow through 2027 [1][2]. Financial Outlook - The company anticipates Chevron will reduce its rig count in the Bakken from four to three by the fourth quarter of 2025, leading to a plateau in oil throughput volumes in 2026 [2]. - Adjusted EBITDA for 2026 is projected to be flat compared to 2025, with growth expected to resume in 2027 driven by increasing gas volumes and inflation-linked provisions in commercial contracts [3]. - The long-term leverage target remains at three times Adjusted EBITDA, with capital spending reduced due to the removal of the Capa gas plant project from the forward plan [4]. Capital Return Strategy - Hess Midstream aims for targeted annual distribution growth of at least 5% through 2027, with flexibility for potential share repurchases as part of incremental shareholder returns [5]. - Lower capital expenditures combined with EBITDA growth in 2027 are expected to result in higher adjusted free cash flow [4]. Gas Throughput Guidance - For 2025, the company has cut its full-year gas throughput guidance due to adverse weather, scheduled maintenance, and reduced third-party volumes [5]. - Gas gathering volumes are now expected to average between 455 and 465 million cubic feet (MMcf) per day, while gas processing volumes are projected between 440 and 450 MMcf per day, down from earlier expectations [6].
Is Targa Resources Stock Underperforming the Nasdaq?
Yahoo Finance· 2025-09-16 10:01
Core Insights - Targa Resources Corp. (TRGP) is a leading U.S. midstream energy company with a market cap of $35.8 billion, operating in Gathering & Processing and Logistics & Transportation segments [1][2] - The company benefits from fee-based contracts that mitigate exposure to commodity price fluctuations, while ongoing expansion projects enhance growth potential [2] - TRGP shares are currently trading 25.3% below their 52-week high, with a recent decline of 6.6% over the past three months, underperforming the Nasdaq Composite [3][4] Financial Performance - In Q2, TRGP reported a revenue increase of 20% year-over-year to $4.26 billion, driven by higher NGL volumes and stronger natural gas prices [5] - Net income attributable to common shareholders more than doubled to $629.1 million from $298.5 million in the prior year, with adjusted EBITDA rising 18% to $1.16 billion [5] - The company reaffirmed its full-year 2025 adjusted EBITDA guidance of $4.65–$4.85 billion, anticipating growth in Permian gathering and processing operations [6]
Plains All American: Buy This 9% Yield Before The Market Wakes To Income
Seeking Alpha· 2025-09-15 16:47
Group 1 - The article emphasizes that now is an opportune time for income investors, provided they focus on the right asset classes [2] - It highlights the current state of tech stocks, suggesting they are nearing bubble territory, which may prompt investors to seek more defensive investment options [2] - The service offered by iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] Group 2 - The article does not provide specific financial data or performance metrics related to the companies or sectors discussed [5] - There is no detailed analysis of individual companies or sectors within the context of the income investment strategy [4]
Enterprise Products (EPD) Announces Seaway Oil Pipeline System Fully Restored After Leak
Yahoo Finance· 2025-09-11 15:32
Core Viewpoint - Enterprise Products Partners L.P. (NYSE:EPD) has successfully restored the Seaway crude oil pipeline system after a leak, which is a positive development for the company and its operations in the midstream sector [1][3]. Group 1: Pipeline Restoration - The Seaway pipeline was shut down on August 12 due to a leak in southeast Houston, disrupting crude oil flow [1]. - Shipments resumed gradually, with operations restarting on the evening of August 14, although the company did not disclose the extent of the oil impact from the leak [2]. - The price of WTI crude at MEH in East Houston was $1.25 above WTI at Cushing on August 14, reflecting a 45-cent increase compared to the price before the leak [3]. Group 2: Company Overview - Enterprise Products Partners L.P. is a Texas-based provider of midstream services for natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products [5]. - The Seaway pipeline connects Cushing, Oklahoma, to Freeport, Texas, linking to the Enterprise Crude Houston (ECHO) terminal, which serves as a hub for Midland crude in Houston [1][4]. - ECHO stores oil for customers and connects them to major Texas Gulf Coast refineries and marine terminals for local and international distribution [4].
Is Kinder Morgan Stock Outperforming the S&P 500?
Yahoo Finance· 2025-09-10 07:04
Core Insights - Kinder Morgan, Inc. (KMI) is a significant player in the North American midstream energy infrastructure sector, with a market cap of $58.8 billion and operations spanning natural gas, crude oil, and refined petroleum products [1][2] Company Overview - Kinder Morgan operates approximately 82,000 miles of pipelines and 139 terminals, categorizing it as a large-cap stock due to its substantial size and influence in the oil & gas midstream industry [2] Stock Performance - KMI stock has experienced a decline of 15.4% from its five-year high of $31.48 on January 21, and a 3.2% drop over the past three months, underperforming the S&P 500 Index, which gained 8.4% in the same period [3] - Year-to-date, KMI stock has dipped 2.8%, but has surged 26.1% over the past 52 weeks, although it has underperformed the S&P 500's 10.7% surge in 2025 [4] Financial Performance - In Q2 2025, Kinder Morgan reported revenues of $4 billion, a 13.2% year-over-year increase, surpassing expectations by 7.8%, driven by a favorable regulatory environment [5] - Adjusted net income for the quarter was $619 million, reflecting a 13% year-over-year increase, with adjusted EPS of $0.28 meeting consensus estimates [5] - Free cash flows decreased by 9.4% year-over-year to $1 billion, which may have contributed to a 1.5% drop in stock prices following the earnings release [5]
Williams Companies Stock: Is WMB Outperforming the Energy Sector?
Yahoo Finance· 2025-09-09 14:37
Core Insights - The Williams Companies, Inc. (WMB) is a significant player in the energy infrastructure sector, focusing on connecting hydrocarbon resources to markets for natural gas, NGLs, and olefins, with a market cap of $69.7 billion [1][2] Company Overview - WMB is categorized as a large-cap stock due to its market capitalization exceeding $10 billion, highlighting its influence in the oil & gas midstream industry [2] - The company has a robust asset portfolio, including key pipeline systems like Transco and Northwest, and has expanded its capacity through strategic acquisitions [2] Stock Performance - WMB's stock has experienced a decline of 10.4% from its 52-week high of $63.45, reached on June 30, and has fallen 6.1% over the past three months, underperforming the Energy Select Sector SPDR Fund (XLE) which gained 4.5% in the same period [3] - Year-to-date, WMB shares have risen by 5% and increased by 28.5% over the past 52 weeks, outperforming XLE's YTD gains of 1.8% and 1.3% over the last year [4] Trading Trends - WMB has been trading below its 200-day moving average since mid-August and below its 50-day moving average since early May, indicating a bearish trend [4] Financial Performance - The company's strong performance is attributed to higher service revenues, product sales, and gains from commodity derivatives, alongside key pipeline expansions and strategic acquisitions [5] - In Q2, WMB reported an adjusted EPS of $0.46, missing Wall Street expectations of $0.49, with revenue of $2.8 billion, below forecasts of $3.1 billion [6] - WMB anticipates full-year adjusted EPS in the range of $2.01 to $2.19 [6]
ONEOK Stock: Is OKE Underperforming the Energy Sector?
Yahoo Finance· 2025-09-09 07:20
Company Overview - ONEOK, Inc. is a leading midstream energy company based in Tulsa, Oklahoma, with a market cap of $45.7 billion, focusing on processing, transportation, and storage of crude oil, natural gas, and natural gas liquids [1] - The company connects oil and gas producers with end markets across North America, categorizing it as a large-cap stock due to its substantial size and influence in the industry [2] Stock Performance - ONEOK's stock has experienced a significant decline, dropping 39.6% from its all-time high of $118.07 on November 22, 2024, and 12.7% over the past three months, underperforming the Energy Select Sector SPDR Fund's (XLE) 4.5% gains during the same period [3][4] - Year-to-date, the stock has plunged 28.9% and 21.6% over the past 52 weeks, while XLE has seen a 1.8% uptick in 2025 and 1.3% gains over the past year [4] Recent Financial Results - Following the release of Q2 results on August 4, ONEOK's stock dropped 5.2% in a single trading session, despite a 68.4% year-over-year surge in commodity sales to $6.7 billion and a 61.2% increase in overall topline to $7.9 billion, which missed expectations by 7.9% [5] - The company's EPS for the quarter increased by 75 basis points year-over-year to $1.34, matching consensus estimates [5] Peer Comparison and Analyst Ratings - ONEOK has underperformed compared to its peer, Kinder Morgan, Inc., which saw a 3.4% decline year-to-date and a 25.3% surge over the past 52 weeks [6] - Among 18 analysts covering ONEOK stock, the consensus rating is a "Moderate Buy," with a mean price target of $96.47, representing a 35.2% premium to current price levels [6]
ET Stock Trades Above 50-Day SMA: Is it Time to Add to Your Portfolio?
ZACKS· 2025-08-22 17:55
Core Insights - Energy Transfer LP (ET) is currently trading above its 50-day simple moving average (SMA), indicating a bullish trend for the stock [1][7] - The company operates a vast network of pipelines across the United States and is focusing on expanding its capabilities to meet the growing demand for energy [1][10] - ET is a leading exporter of liquefied petroleum gas and is enhancing its natural gas liquids (NGL) export facilities to cater to increasing global demand [1][10] Price Performance - ET's stock closed at $17.46 on August 21, with a 1-year gain of 8.9%, outperforming the industry average of 2.7% [5] - The company's trailing 12-month Enterprise Value-to-EBITDA ratio is 9.29x, which is below the industry average of 10.65x, suggesting that ET is undervalued compared to its peers [14] Financial Strength and Growth - Nearly 90% of ET's earnings are derived from fee-based contracts, providing stable cash flows and insulation from commodity price fluctuations [7][13] - The Zacks Consensus Estimate indicates year-over-year earnings growth of 9.38% for 2025 and 10.71% for 2026 [17] - ET's current quarterly cash distribution rate is 33 cents per common unit, with management having raised distribution rates 16 times in the past five years [19] Operational Efficiency - The company invested $2.4 billion in the first half of 2025 and plans to invest a total of $5 billion for the year to enhance its infrastructure [12] - ET's extensive midstream infrastructure, covering nearly 140,000 miles, provides a competitive edge by connecting key basins to major demand markets [10][11] Comparative Analysis - Energy Transfer's return on equity (ROE) is 11.08%, which is lower than the industry average of 13.65% [20] - In comparison, ONEOK Inc. has a higher ROE of 14.59%, indicating better utilization of shareholders' funds [23]
3 Long-Term Dividend Buys You Can Get for Under $50
MarketBeat· 2025-08-15 12:35
Group 1: Value Investing Insights - Long-term value investing focuses on total return, which includes healthy, growing dividends, and requires discipline from investors to avoid overreacting to market fluctuations [1] - Many value investors are currently looking at high-yield dividend stocks priced under $50 per share [2] Group 2: Pfizer Inc. (PFE) - Pfizer has a dividend yield of 6.85% with an annual dividend of $1.72 and a dividend payout ratio of 91.49% [2] - Despite a negative total return of 13% over the last five years, Pfizer's long-term performance has been strong, supported by a diversified portfolio and a promising pipeline of new drugs [3][4] - Following a recent earnings report, Pfizer raised its full-year EPS expectations, contributing to a 1.4% increase in stock price [4][5] Group 3: Verizon Communications Inc. (VZ) - Verizon offers a dividend yield of 6.23% with an annual dividend of $2.71 and a payout ratio of 63.17% [6] - The company has experienced a total return of just over 1% in the last five years, primarily due to investments in 5G technology [7] - Recent earnings reports indicate that 5G adoption is leading to recurring revenue growth and improved margins, with stock up nearly 10% since mid-July [8][9] Group 4: Kinder Morgan Inc. (KMI) - Kinder Morgan has a dividend yield of 4.36% with an annual dividend of $1.17 and a payout ratio of 95.90% [10] - The company has delivered a total return of approximately 152% over the last five years, attributed to its extensive pipeline network and steady revenue model [10][11] - Analysts project a 17% upside for Kinder Morgan stock, supported by anticipated increases in oil and natural gas prices as the economy grows [12]
Energy Transfer Down Significantly From 2025 Highs - Opportunity For Income Investors
Seeking Alpha· 2025-08-15 12:15
Group 1 - The focus is on growth and dividend income as a strategy for retirement planning [1] - The portfolio is structured to generate monthly dividend income that grows through reinvestment and annual increases [1] Group 2 - The article expresses personal opinions and is not intended as investment advice [2] - It emphasizes the importance of conducting individual research before making investment decisions [2]