Plains All American Pipeline, L.P. (NASDAQ:PAA) is one of the Cheap NASDAQ Stocks To Buy in 2026. On February 6, Plains All American Pipeline, L.P. (NASDAQ:PAA) released its fiscal Q4 2025 earnings. The company missed Wall Street estimates; however, the stock has gained more than 7% since the release. ​The company posted a revenue of $10.57 billion in revenue, reflecting a 14.81% year-over-year decline and also missed estimates by $1.31 billion. The EPS of $0.40 also fell short of the consensus by $0.10. ...

Wall Street analysts forecast that Pembina Pipeline (PBA) will report quarterly earnings of $0.50 per share in its upcoming release, pointing to a year-over-year decline of 24.2%. It is anticipated that revenues will amount to $1.12 billion, exhibiting a decrease of 27.2% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this t ...

Core Viewpoint - Energy Transfer presents a high total return potential driven by a strong dividend yield and ongoing expansion projects [1][2][9] Expansion Projects - Energy Transfer, in partnership with Kinder Morgan, has approved two significant expansion projects on the Florida Gas Transmission pipeline, investing $535 million in FGT Phase IX and $110 million in the South Florida Project, with completion expected in 2028 and 2030 respectively [4][5] - The company plans to invest between $5 billion and $5.5 billion in growth capital projects this year, supporting various projects including the $2.7 billion Hugh Brinson natural gas pipeline and the $5.6 billion Transwestern Pipeline expansion, anticipated to be operational by 2029 [6][7] Financial Performance - Energy Transfer expects a 9% to 12% growth in adjusted EBITDA this year, a significant increase from the previous year's 3% growth, which supports plans to increase its distribution by 3% to 5% annually [8][9] - The company has a market capitalization of $65 billion and a current dividend yield of 7.03%, indicating strong income potential for investors [6]

Core Insights - Energy Transfer (ET) reported fourth-quarter 2025 adjusted earnings of 25 cents per unit, missing the Zacks Consensus Estimate of 34 cents by 26.5% and decreasing 13.8% from the previous year's figure of 29 cents [1] - Full-year 2025 adjusted earnings were $1.21 per share, down 5.5% from the previous year's reported figure of $1.28 [1] Revenue Performance - Total revenues for ET were $25.32 billion, lagging the Zacks Consensus Estimate of $26.02 billion by 2.7%, but rose 29.6% from the year-ago figure of $19.54 billion [2] - Full-year 2025 revenues totaled $85.54 billion, up 3.5% from the previous year's level of $82.67 billion [2] Cost and Expenses - Total costs and expenses were $23.24 billion, up 34.7% year over year, attributed to higher costs of products sold, operating expenses, and other factors [3] - Operating income totaled $2.08 billion, down 8.9% year over year [3] - Interest expenses, net of interest capitalized, amounted to $910 million, up 12.8% from the prior-year level [3] Strategic Developments - In November 2025, ET entered into a 20-year firm natural gas transportation agreement with Entergy Louisiana, involving the expansion of the Tiger Pipeline with a capacity of 250,000 million British thermal units per day [4] - In December 2025, ET expanded the transportation capacity of the Transwestern Pipeline's proposed Desert Southwest expansion, increasing capacity to 2.3 billion cubic feet per day and raising project costs to approximately $5.6 billion [5] - ET has begun construction of the Mustang Draw II natural gas processing plant in the Midland Basin, with a capacity of 275 million cubic feet of gas per day, expected to enter service in Q4 2026 [6] Financial Position - As of December 31, 2025, ET had current assets of $18.23 billion, compared to $14.20 billion as of December 31, 2024 [7] - Long-term debt, less current maturities, was $68.31 billion as of December 31, 2025, up from $59.75 billion as of December 31, 2024 [7] Capital Expenditures and Guidance - Growth capital expenditures in Q4 2025 totaled $1.4 billion, while maintenance capital expenditures amounted to $355 million [9] - ET raised its 2026 adjusted EBITDA outlook to between $17.45 billion and $17.85 billion, with planned growth capital investments of $5-$5.5 billion [10]

Core Viewpoint - South Bow Corp. is addressing the findings from an independent root cause analysis (RCA) related to an incident on the Keystone Pipeline, emphasizing its commitment to safety and system integrity improvements [1][2][3]. Root Cause Analysis Findings - The RCA revealed that the incident at Milepost 171 was due to a fatigue crack originating from the pipe's long-seam weld, with the seam weld geometry contributing to stress concentration [6]. - The pipe and welds met industry standards, and the pipeline was operating within design pressure at the time of the incident [2][6]. - The presence of hydrogen increased material brittleness and accelerated the crack growth during 15 years of normal operations [6]. Remedial Actions - South Bow has completed seven in-line inspection runs and 51 integrity digs, with preliminary results indicating no injurious issues [3]. - The company is modifying its in-line inspection process to improve data analysis and tool performance, with additional inspections scheduled for 2026 [3][4]. - A remedial work plan has been submitted to the Pipeline and Hazardous Materials Safety Administration (PHMSA) for approval, incorporating RCA recommendations [4]. Company Overview - South Bow operates 4,900 kilometers (3,045 miles) of crude oil pipeline infrastructure, connecting Alberta crude oil supplies to U.S. refining markets [11]. - The company is recognized as an investment-grade entity, with shares traded on both the Toronto Stock Exchange and the New York Stock Exchange under the symbol SOBO [11].

Core Viewpoint - Plains All American Pipeline, L.P. reported disappointing earnings for the fourth quarter, missing both earnings and sales estimates [1] Financial Performance - The company posted quarterly earnings of 40 cents per share, below the analyst consensus estimate of 41 cents per share [1] - Quarterly sales amounted to $10.565 billion, which also fell short of the analyst consensus estimate of $12.731 billion [1] - Following the earnings announcement, Plains All American shares declined by 1.6%, trading at $19.09 [1] Analyst Ratings and Price Targets - Wells Fargo analyst Michael Blum maintained an Equal-Weight rating and raised the price target from $20 to $21 [3] - Barclays analyst Theresa Chen maintained an Underweight rating and increased the price target from $17 to $18 [3] - Scotiabank analyst Brandon Bingham maintained a Sector Outperform rating and raised the price target from $22 to $23 [3]

Core Thesis - Genesis Energy, L.P. is undergoing a significant transformation that positions it favorably for future growth, particularly following the divestiture of its soda ash business and completion of a capital expenditure cycle [2][3]. Business Model and Financials - The company has simplified its business model, reducing earnings volatility and enhancing transparency in its balance sheet, supported by stable, infrastructure-like free cash flow [3]. - With declining capital intensity and rising earnings, Genesis Energy is entering a "flywheel" phase where improved fundamentals lead to higher free cash generation [3]. Key Value Drivers - The offshore pipeline business is the core value driver, featuring deepwater assets with high utilization, low lifting costs, and long-term take-or-pay contracts, which are expected to significantly boost free cash flow as new pipelines ramp up [4]. - The marine transportation segment benefits from regulatory advantages and a favorable supply-demand environment, while the onshore segment provides steady, fee-based logistics income, enhancing overall cash flow resilience [5]. Capital Allocation Strategy - Management is focused on deleveraging and retiring high-cost preferred equity rather than pursuing acquisitions, with a goal of gradually increasing distributions by 10-15% [6]. - This strategy aims to reposition the capital structure for a higher long-term payout, targeting a 75% payout ratio by 2027 [7]. Valuation and Future Outlook - Genesis Energy is perceived as undervalued at $16 per unit, trading at a significant discount compared to peers, with projections indicating distributions could rise to $2.00 per share, suggesting substantial upside potential [7].

Core Viewpoint - South Bow Corp. is set to release its fourth-quarter and year-end 2025 financial and operational results on March 5, 2026, followed by a conference call and webcast on March 6, 2026, at 8 a.m. MT (10 a.m. ET) [1][2]. Financial and Operational Results - The financial and operational results for the fourth quarter and year-end 2025 will be disclosed after market close on March 5, 2026 [1]. - A conference call and webcast will be held on March 6, 2026, to discuss these results [2]. Conference Call and Webcast Details - The conference call is scheduled for March 6, 2026, at 8 a.m. MT (10 a.m. ET) [2]. - Participants can register in advance to receive a unique PIN for telephone access or use the "Call Me" option for an automated call [3]. Company Overview - South Bow operates 4,900 kilometers (3,045 miles) of crude oil pipeline infrastructure, connecting Alberta crude oil supplies to U.S. refining markets [6]. - The company is recognized for providing safe and reliable transportation of crude oil to high-demand markets in North America [6]. - South Bow's common shares are traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol SOBO [6].

Core Viewpoint - Natural gas prices are experiencing a significant increase due to a severe winter storm in the US, and this trend is expected to continue, benefiting companies like Enbridge, which operates a substantial pipeline network in North America [3][4]. Company Overview - Enbridge is a major player in the natural gas and crude oil transportation sector, moving 20% of the natural gas consumed in the US and 30% of North American crude oil production [5]. - The company operates a "tollbooth" model, generating revenue from the volume of oil and gas transported through its pipelines rather than directly benefiting from price increases [6]. Market Dynamics - The Energy Information Administration (EIA) forecasts that natural gas prices will remain stable in 2026 but are expected to rise by 33% in 2027 due to increased demand from LNG exports and higher electricity consumption, particularly from data centers [4]. - Despite the growth of renewable energy, natural gas will continue to play a crucial role in the energy mix, as renewables cannot always meet demand [7]. Renewable Energy Initiatives - Enbridge is actively expanding its renewable energy portfolio, with over seven gigawatts of renewable power projects either operational or under construction, catering to major tech firms [8]. Oil Market Insights - Enbridge is expanding its Mainline system to increase crude oil capacity by 150,000 barrels per day starting in 2027, with a further increase of 250,000 barrels by 2030 [11]. - Concerns about competition from Venezuelan oil are unfounded, as the Venezuelan oil infrastructure is in disrepair, and US refiners have longstanding relationships with Canadian producers [12][13]. Dividend Performance - Enbridge has announced its 31st consecutive dividend increase, indicating strong financial health and potential for stock price appreciation as the market recognizes its undervaluation [14]. - The company's dividends are paid in Canadian dollars, which can be advantageous for US investors as the US dollar weakens [15]. Economic Outlook - With expectations of lower interest rates in 2026, the US dollar may decline further, providing additional incentive for investors to consider shares of Enbridge [16].

Core Viewpoint - In 2025, national infrastructure investment (excluding electricity, heat, gas, and water production and supply) is projected to decline by 2.2% compared to the previous year [1] Group 1: Infrastructure Investment Overview - The investment in pipeline transportation is expected to grow by 36.0% [1] - Investment in multimodal transport and freight forwarding is anticipated to increase by 22.9% [1] - Investment in water transportation is projected to rise by 7.7% [1]