Core Viewpoint - DT Midstream, Inc. has achieved investment grade ratings from all three major credit rating agencies, reflecting the strength of its balance sheet and business quality, positioning the company for continued growth [1][3]. Company Overview - DT Midstream is involved in the ownership, operation, and development of natural gas pipelines, storage, and gathering systems, providing services across the Southern, Northeastern, and Midwestern United States and Canada [2]. - The company is committed to transitioning towards net zero greenhouse gas emissions by 2050, with a target of achieving a 30% reduction in carbon emissions by 2030 [2]. Credit Rating Upgrades - Fitch Ratings upgraded DT Midstream's credit rating to BBB- with a stable outlook on October 3, 2024 [3]. - Moody's Ratings upgraded the credit rating to Baa3 with a stable outlook on May 16, 2025 [3]. - S&P Global Ratings upgraded the credit rating to BBB- with a stable outlook on July 8, 2025 [3].

Key Takeaways Energy Transfer earns nearly 90% of its income from fee-based contracts, ensuring stable cash flows. ET's infrastructure in key basins secures long-term deals, aiding visibility into future earnings. ET's units trade at 10.17X EV/EBITDA TTM, a discount to the industry average of 11.39X.Energy Transfer LP (ET) , a U.S. midstream operator, benefits significantly from its reliance on fee-based contracts across the diversified asset portfolio. These contracts, which form the backbone of its reve ...

Company Performance - Enbridge closed at $45.02, reflecting a -2.07% change from the previous day, which is less than the S&P 500's daily loss of 0.03% [1] - Over the last month, Enbridge's shares increased by 0.79%, underperforming the Oils-Energy sector's gain of 5.57% and slightly outperforming the S&P 500's gain of 0.6% [1] Earnings Forecast - Enbridge is expected to report an EPS of $0.42, indicating no change from the same quarter last year, with a revenue forecast of $8.97 billion, representing an 8.3% growth year-over-year [2] - For the entire fiscal year, earnings are projected at $2.12 per share and revenue at $37.6 billion, reflecting changes of +6% and -3.54% respectively from the previous year [3] Analyst Revisions and Rankings - Recent revisions to analyst forecasts for Enbridge are important as they often indicate changes in near-term business trends, with positive revisions seen as favorable for the business outlook [3] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Enbridge at 3 (Hold) [5] Valuation Metrics - Enbridge has a Forward P/E ratio of 21.65, which is higher than the industry average of 17.24, indicating that Enbridge is trading at a premium [6] - The company has a PEG ratio of 4.33, compared to the industry average PEG ratio of 2.62, suggesting a higher valuation relative to expected earnings growth [7] Industry Context - The Oil and Gas - Production and Pipelines industry, which includes Enbridge, has a Zacks Industry Rank of 148, placing it in the bottom 40% of over 250 industries [8]

Energy Transfer (ET -1.21%) has changed a lot over the past five years. In 2020, the master limited partnership's (MLP) financial profile had weakened to the point that it needed to slash its distribution by 50% to retain additional cash to fund its expansion projects and repay debt. Energy Transfer is working on securing customers for phase two, which would increase its capacity to 2.2 billion cubic feet per day. The combined cost for both phases is $2.7 billion. Energy Transfer is also building more natur ...

Core Insights - Enbridge Inc. (ENB) is trading at a premium valuation of 15.36x trailing 12-month EV/EBITDA compared to the industry average of 14.05x, indicating strong market positioning [1][7] - The company has a substantial C$28 billion project backlog that is expected to generate incremental cash flows through 2029, enhancing its revenue stability [6][7] Company Overview - Enbridge is a leading midstream energy player in North America, operating the world's longest crude oil and liquids transportation network, spanning 18,085 miles, and a gas transportation pipeline network of 71,308 miles [4] - The company transports 20% of the total natural gas consumed in the United States, generating stable, fee-based revenues from long-term contracts, which minimizes exposure to commodity price volatility [5][9] Financial Stability - 98% of ENB's EBITDA is supported by regulated or take-or-pay contracts, providing a buffer against market volatility [7][9] - More than 80% of the company's profits come from activities that allow automatic price or fee increases, ensuring protection against rising costs and inflation [9] Market Performance - Over the past year, ENB's stock has gained 42.6%, outperforming the industry composite's 38.3% and other competitors like Enterprise Products Partners LP (EPD) and Kinder Morgan (KMI) [13] - The stock's performance reflects positive developments in the company's operations and market conditions [13] Integration Challenges - Enbridge's recent acquisitions of large U.S. gas utility companies are still in the integration phase, which may pose risks if the integration does not meet expectations [16]

Southwest Gas announces that indicative capacity requests show high demand for natural gas as Great Basin Gas Transmission Company 2028 Expansion Project Binding Open Season closes.LAS VEGAS, June 5, 2025 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas Holdings" or the "Company") today announced Great Basin Gas Transmission Company ("Great Basin"), a wholly owned subsidiary of Southwest Gas Corporation ("Southwest Gas") and part of Southwest Gas Holdings, Inc. has successfully close ...

Plains All American (NASDAQ: PAA ) is an American company dedicated entirely to the midstream business of oil and gas transportation. The company maintains a presence with its pipelines in both Canada and the United States, although it concentrates theI am an individual investor with over 10 years of trading. I have been developing as a stock analyst for the last five years. I am inclined to search for Value companies, mainly linked to the production of commodities. I mainly focus on companies that show sus ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 28th:Urban Outfitters (URBN) : This lifestyle specialty retailer that offers fashion apparel and accessories, footwear, home décor and gifts products, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days.Urban Outfitters’ shares gained 61.5% over the last three month compared with the S&P 500’s gain of 1.2%. Th ...

Core Viewpoint - DT Midstream, Inc. has achieved investment grade ratings from two credit agencies, which is expected to enhance liquidity and reduce interest expenses [1][6]. Company Overview - DT Midstream is involved in the ownership, operation, and development of natural gas pipelines, storage, and gathering systems, serving utilities, power plants, and large industrial customers across the U.S. and Canada [2]. - The company is committed to transitioning towards net zero greenhouse gas emissions by 2050, with a target of achieving a 30% reduction in carbon emissions by 2030 [2]. Credit Rating Details - Moody's upgraded DT Midstream's credit rating to Baa3 with a stable outlook on May 16, 2025 [6]. - Fitch Ratings upgraded DT Midstream's credit rating to BBB- with a stable outlook on October 3, 2024 [6].

Core Viewpoint - Enbridge Inc (ENB) is expected to report first-quarter 2025 results on May 9, with earnings estimated at 68 cents per share and revenues projected at $9.5 billion, reflecting a 16.4% increase from the previous year [1][5]. Earnings Performance - ENB has beaten consensus earnings estimates in two of the last four quarters, met once, and missed once, with an average surprise of 2.6% [2]. - The current Earnings ESP for ENB is -1.38%, indicating a lower likelihood of an earnings beat this quarter [3]. Operational Overview - Enbridge operates the longest and most complex crude oil and liquids transportation network globally, spanning 18,085 miles, along with a gas transportation pipeline network of 71,308 miles [5]. - The company transports 20% of the total natural gas consumed in the U.S., generating stable, fee-based revenues from long-term contracts, which mitigates commodity price volatility [6]. Stock Performance and Valuation - ENB's stock has increased by 33.9% over the past year, slightly underperforming the industry's composite stocks, which improved by 35.6% [7]. - The current trailing 12-month EV/EBITDA ratio for ENB is 15.75, which is higher than the industry average of 14.08 and exceeds ratios of major competitors like Kinder Morgan Inc. (14.10) and Enterprise Products Partners LP (9.85) [9]. Growth Prospects - Enbridge has a C$29 billion backlog of secured capital projects, including liquids pipelines, gas transmission, and renewables, with a maximum in-service date of 2029, indicating potential for future cash flows and shareholder dividends [14]. Industry Context - Recent earnings reports from competitors Kinder Morgan and Enterprise Products Partners showed mixed results, with both missing earnings estimates but exceeding revenue expectations [16][18].