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ET Stock Outperforms its Industry in 3 Months: Time to Buy or Hold?
ZACKS· 2025-07-18 16:31
Key Takeaways ET units rose 1.5% in three months, topping the industry's 0.2% growth over the same period. ET benefits from 140,000 miles of pipeline and 90% fee-based earnings shielding from volatility. Strategic acquisitions and $5B in 2025 capex aim to boost volume, scale, and operational efficiency.Units of Energy Transfer LP (ET) have rallied 1.5% in the past three months compared with the Zacks Oil and Gas - Production Pipeline - MLB industry’s growth of 0.2%. The oil and gas midstream firm owns a w ...
Petrobras Plans Retail Fuel Comeback to Fight Pump Price Hikes
ZACKS· 2025-07-17 13:05
Key Takeaways PBR may revise its 2026-2030 plan to resume direct control over fuel retail and distribution. CEO Chambriard and president Lula back the move amid criticism of retailers' pricing practices. A Vibra deal review and retail brand overhaul may be needed to restore PBR's downstream control.Petrobras (PBR) , Brazil's state-controlled oil giant, is evaluating a strategic re-entry into the retail fuel sector as part of its broader plan to combat escalating pump prices and restore consumer trust, acc ...
原油系板块跌多涨少 液化石油气、原油跌逾1%
Jin Tou Wang· 2025-07-16 04:24
石油沥青厂库期货仓单39350吨,环比上个交易日持平;石油沥青仓库期货仓单42950吨,环比上个交易 日持平; 液化石油气期货仓单8304手,环比上个交易日持平; 7月16日,国内期市原油系板块跌多涨少,液化石油气、原油跌逾1%。具体来看,截止目前,液化石油 气主力下跌1.37%,报4103.00元/吨;原油主力下跌1.28%,报515.50元/桶;燃料油主力上涨0.28%,报 2875.00元/吨;沥青主力下跌0.22%,报3623.00元/吨。 7月16日原油系期货价格行情 | 合约名称 | 开盘价 | 昨收价 | 昨结价 | | --- | --- | --- | --- | | SC原油 | 520.20 | 518.20 | 522.20 | | 燃料油 | 2852.00 | 2840.00 | 2867.00 | | 沥青 | 3626.00 | 3617.00 | 3631.00 | | 液化石油气 | 4120.00 | 4111.00 | 4160.00 | | 低硫燃料油 | 3656.00 | 3639.00 | 3647.00 | 7月15日,商品仓单数据显示: 中质含硫原油期货仓单 ...
Dorian LPG (LPG) Earnings Call Presentation
2025-06-25 12:54
Capital Link Webinar January 2024 1 Disclaimer Forward-Looking Statements This presentation contains certain forward-looking statements including analyses and other information based on forecasts of future results and estimates of amounts not yet determinable and statements relating to our future prospects, developments and business strategies. Forward-looking statements are identified by their use of terms and phrases such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," ...
Better Dividend Stock: MPLX vs. Enterprise Products Partners
The Motley Fool· 2025-06-25 07:13
Core Viewpoint - Enterprise Products Partners and MPLX are leading master limited partnerships (MLPs) in the energy midstream sector, known for their stable cash flows and growing distributions [1][2]. Financial Profiles - Enterprise Products Partners generated $2 billion in distributable cash flow in Q1, a 5% year-over-year increase, while MPLX produced $1.5 billion, an 8.5% increase [4]. - Enterprise's payout is nearly 7%, covered 1.7 times, while MPLX's 7.5% payout is covered about 1.5 times, indicating strong coverage levels for both MLPs [4]. - Enterprise Products Partners has a leverage ratio of 3.1, supporting its A-/A3 bond ratings, while MPLX has a leverage ratio of 3.3, below the 4.0 range supported by its BBB/Baa2 credit rating [5]. Growth Profiles - Enterprise Products Partners has raised its distribution for 26 consecutive years, including a 3.9% increase last year [7]. - MPLX has increased its payout every year since its inception in 2013, with a compound annual growth rate of over 10% since 2021 [8]. - Enterprise has $7.6 billion in major capital projects under construction, expecting cash flow growth through 2027, while MPLX has several expansion projects with visible growth through the end of the decade [9][10]. Income Options - Both MLPs are attractive for investors seeking growing passive income streams, with MPLX currently viewed as the better option due to its higher yield and growth visibility [11].
Fusion Fuel Announces Over $1.2 Million in New Gas Engineering Projects for Subsidiary Al Shola Gas, Building on Strong 2025 Contract Momentum
Globenewswire· 2025-06-24 16:05
Core Viewpoint - Fusion Fuel Green PLC's subsidiary, Al Shola Al Modea Gas Distribution LLC, has secured additional engineering and utility projects worth AED 4.4 million (~$1.2 million USD) in Dubai, indicating strong demand and commercial momentum in the UAE's energy infrastructure market [1][2]. Summary by Sections New Engineering Projects - Al Shola Gas has secured over $2.7 million in engineering contracts and 1,800 new residential service contracts since the beginning of 2025 [2]. - The new projects will convert to recurring revenue through long-term utility service contracts [4]. Utility Business and Bulk LPG Supply - Al Shola Gas has surpassed 12,000 active customers and expects continued growth in recurring revenue as contracted assets are commissioned [5]. - Bulk LPG supply remains robust, with current volumes exceeding 600 metric tons per month, with a target of reaching 800 metric tons monthly by year-end [6]. Company Strategy and Market Position - The combination of engineering revenue and high-margin recurring utility income reflects the company's strategy to build durable, cash-generating infrastructure assets in the region [7]. - Al Shola Gas is positioned as a preferred partner for developers needing reliable and efficient LPG system delivery and service [5]. Specific Project Details - Dubai Marina Development: DBOM contract for 620 residential apartments and 5 retail outlets, total contract value AED 885,000 [9]. - Business Bay Tower: High-rise with 242 apartments and 3 retail outlets, contract value AED 395,000 [9]. - Satwa Mid-Rise Development: 240 apartments, total contract value AED 2.6 million [9]. - Additional Cluster Projects: Four smaller projects across Dubai, collectively valued at AED 520,000 [9].
原油系全线上涨 原油主力涨逾5%
Jin Tou Wang· 2025-06-16 04:57
Group 1 - The core viewpoint of the news is that domestic crude oil futures experienced a significant increase, with the main crude oil contract rising over 5% on June 16 [1] - As of June 16, the main crude oil contract rose by 5.68%, reaching 542.90 yuan per barrel, while fuel oil and liquefied petroleum gas also saw notable increases [1][2] - The price movements in the futures market indicate a bullish trend across various oil-related contracts, including fuel oil and low-sulfur fuel oil [1][2] Group 2 - On June 13, commodity warehouse data showed that the inventory of medium-sulfur crude oil futures remained stable at 4,029,000 barrels, while fuel oil futures inventory was unchanged at 24,750 tons [3] - The data also indicated a phenomenon of "backwardation" in the market for fuel oil, asphalt, and liquefied petroleum gas, where spot prices exceeded futures prices [3] - The basis data revealed that the basis rates for fuel oil, asphalt, and liquefied petroleum gas were 40.77%, 1.54%, and 13.11% respectively, indicating varying levels of market dynamics [3]
ONEOK Gains From Fee-Based Earnings and Strategic Investments
ZACKS· 2025-06-13 15:21
Core Insights - ONEOK Inc. (OKE) is benefiting from increased fee-based earnings and capital expenditures aimed at strengthening its position in high-production regions [1][8] - The company is exposed to competitive risks in its pipeline business [1][6] Positive Drivers for OKE - ONEOK is expected to gain from long-term fee-based commitments across its three segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines and Refined Products and Crude [2] - More than 88% of its 2024 earnings are fee-based, with over 90% of 2025 revenues anticipated to come from fees [2][8] - The annual growth rate for natural gas liquid volumes from the Rocky Mountain region has exceeded 20%, while natural gas processing volumes have grown at 10% over the past five years [2] Capital Expenditures and Expansion - The company is investing in organic-growth projects to expand its services for crude-oil and natural-gas producers, with capital expenditures expected to be between $2.8 billion and $3.2 billion in 2025 [3] - In February 2025, ONEOK and MPLX LP formed joint ventures to construct a new 400,000 barrel-per-day liquefied petroleum gas export terminal in Texas City, along with a new pipeline connecting to its Mont Belvieu storage facility [4] Headwinds for OKE - ONEOK does not own all the land for its pipelines, which poses risks of incurring higher costs and potential operational impacts if land rights are not renewed [5] - The natural gas and natural gas liquid pipeline industries are highly competitive, with many energy companies forming master limited partnerships to launch pipeline services [6] Stock Performance - Over the past year, OKE shares have increased by 6.1%, compared to the industry's growth of 14.1% [7]
原油系板块全线上行 原油主力涨近9%
Jin Tou Wang· 2025-06-13 04:01
Core Insights - The domestic futures market for crude oil saw a significant increase, with the main crude oil futures rising nearly 9% [1] - The main crude oil futures closed at 535.20 yuan per barrel, while fuel oil and low-sulfur fuel oil also experienced substantial gains [1] Price Movements - As of June 13, the main crude oil futures opened at 492.90 yuan, with a previous close of 495.70 yuan and a last settlement price of 491.10 yuan [2] - Fuel oil opened at 2979.00 yuan, with a previous close of 2997.00 yuan and a last settlement price of 2982.00 yuan [2] - Liquid petroleum gas opened at 4137.00 yuan, with a previous close of 4141.00 yuan and a last settlement price of 4148.00 yuan [2] - Low-sulfur fuel oil opened at 3629.00 yuan, with a previous close of 3645.00 yuan and a last settlement price of 3640.00 yuan [2] Inventory Data - As of June 12, the inventory data showed that the medium-sulfur crude oil futures warehouse held 4,029,000 barrels, remaining unchanged from the previous trading day [3] - Fuel oil futures warehouse held 24,750 tons, also unchanged from the previous trading day [3] - Liquid petroleum gas futures warehouse saw a decrease of 125 contracts, totaling 9,010 contracts [3] - Low-sulfur fuel oil warehouse futures held 0 tons, remaining unchanged from the previous trading day [3] Basis Data - The basis data indicated that fuel oil, asphalt, liquid petroleum gas, and low-sulfur fuel oil contracts experienced a 'backwardation' phenomenon, where spot prices exceeded futures prices [3] - For fuel oil, the spot price was 5,287.5 yuan, while the contract price was 2,509 yuan, resulting in a basis of 2,305 yuan and a basis rate of 43.59% [3] - The basis for liquid petroleum gas was 764 yuan, with a basis rate of 15.92% [3]
原油系板块集体飘红 原油、燃料油涨近3%
Jin Tou Wang· 2025-06-12 04:26
Core Viewpoint - The domestic futures market for crude oil and related products experienced a significant increase on June 12, with crude oil and fuel oil prices rising nearly 3% [1] Group 1: Price Movements - As of June 12, the main crude oil futures rose by 2.99% to 495.60 CNY per barrel [1] - Fuel oil futures increased by 2.85% to 3000.00 CNY per ton [1] - Low sulfur fuel oil futures rose by 2.27% to 3647.00 CNY per ton [1] - Asphalt futures saw a rise of 1.35% to 3523.00 CNY per ton [1] Group 2: Futures Price Data - The opening price for SC crude oil was 486.60 CNY, with a previous close of 478.10 CNY and a last settlement price of 481.20 CNY [2] - Fuel oil opened at 2952.00 CNY, with a previous close of 2912.00 CNY and a last settlement price of 2917.00 CNY [2] - Asphalt opened at 3493.00 CNY, with a previous close of 3461.00 CNY and a last settlement price of 3476.00 CNY [2] - Liquefied petroleum gas opened at 4154.00 CNY, with a previous close of 4130.00 CNY and a last settlement price of 4119.00 CNY [2] - Low sulfur fuel oil opened at 3617.00 CNY, with a previous close of 3563.00 CNY and a last settlement price of 3566.00 CNY [2] Group 3: Warehouse Data - As of June 11, the warehouse data showed that the medium-sulfur crude oil futures warehouse stood at 4,029,000 barrels, unchanged from the previous trading day [3] - Fuel oil futures warehouse was at 24,750 tons, also unchanged from the previous trading day [3] - Asphalt futures warehouse was at 36,350 tons, remaining stable from the previous trading day [3] - Liquefied petroleum gas futures warehouse decreased by 205 contracts to 9,135 contracts [3] - Low sulfur fuel oil warehouse reported 0 tons, down by 1,000 tons from the previous trading day [3] Group 4: Basis Data - The basis data indicated a phenomenon of 'backwardation' for fuel oil, asphalt, liquefied petroleum gas, and low sulfur fuel oil, where spot prices exceeded futures prices [3] - For fuel oil, the spot price was 5275 CNY, with a futures price of 2917 CNY, resulting in a basis of 2358 CNY and a basis rate of 44.70% [3] - For asphalt, the spot price was 3630 CNY, with a futures price of 3476 CNY, leading to a basis of 154 CNY and a basis rate of 4.24% [3] - For liquefied petroleum gas, the spot price was 4797.5 CNY, with a futures price of 4119 CNY, resulting in a basis of 678 CNY and a basis rate of 14.13% [3] - For low sulfur fuel oil, the spot price was 3648 CNY, with a futures price of 3563 CNY, leading to a basis of 85 CNY and a basis rate of 2.32% [3]