CALGARY, Alberta, July 17, 2025 (GLOBE NEWSWIRE) -- South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) announces the extension of the expiration date for the previously announced exchange offers relating to certain outstanding notes of South Bow Canadian Infrastructure Holdings Ltd. (the Canadian Exchange Offer) and South Bow USA Infrastructure Holdings LLC (the U.S. Exchange Offer). South Bow Canadian Infrastructure Holdings Ltd. exchange offer South Bow Canadian Infrastructure Holdings Ltd., a ...

This growing midstream company still has a bright future.Energy Transfer (ET -1.22%) is considered by many to be a reliable income investment. It's a midstream company that operates over 135,000 miles of pipeline across 44 states, and it charges upstream and downstream companies to use its infrastructure with its "toll road" business model.The business operations are well-insulated from volatile commodity prices. As long as its customers keep their crude oil, natural gas, liquefied natural gas (LNG), and ot ...

CORAL GABLES, Fla., June 17, 2025 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that Paul DiMarco, its Executive Vice President and CFO, will be participating in a fireside chat with our covering analyst at the J.P. Morgan 2025 Energy, Power, Renewables & Mining Investor Conference on Tuesday, June 24th at approximately 10:55 a.m. Eastern Time. Additionally, one-on-one meetings with institutional investors and MasTec's senior management are also being arranged as a part of the conference.The audi ...

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $1,989 million for Q1 2025, reflecting a 3% increase compared to Q1 2024, with adjusted EBITDA excluding the marketing business up 5% [17][22] - The adjusted EBITDA guidance for 2025 was raised from a midpoint of $7,650 million to $7,700 million, indicating a projected 9% growth over 2024 [22][24] - The company received an S&P credit rating upgrade to BBB+ during the quarter, along with a positive outlook from Moody's [13][24] Business Line Data and Key Metrics Changes - The Transmission and Gulf business improved by $23 million or 3%, setting an all-time record due to higher revenues from expansion projects [18][19] - The Northeast gathering and processing business improved by $10 million or 2%, primarily due to higher revenues from gathering and processing rates [20] - The West segment saw an increase of $26 million or 8%, driven by strong margins and pipeline volumes [20] Market Data and Key Metrics Changes - The company noted a 12% increase in Gulf gathering volumes and a 42% increase in NGL production [19] - The demand for natural gas pipeline capacity and volumetric demand is expected to grow, with the company well-positioned to benefit from this trend [24] Company Strategy and Development Direction - The company is focused on capitalizing on the growing demand for natural gas, particularly in the power generation market, industrial reshoring, and LNG exports [25][26] - The company is pursuing high-return projects, including the Socrates project, which is expected to generate earnings consistent with a five times EBITDA build multiple [8][13] - The leadership transition is aimed at maintaining the company's strategic focus on natural gas while leveraging new opportunities in emerging markets [26][29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued growth, citing a strong base business performance and a robust project pipeline [7][24] - The company anticipates accelerating growth rates throughout the remainder of 2025, with expectations for strong contributions from new projects [18][22] - Management highlighted the resilience of the business model against commodity price swings, particularly in the context of natural gas demand [24] Other Important Information - The company successfully placed two projects into service during the quarter, contributing to earnings growth [10][12] - The quarterly dividend was increased by 5.3% to $0.50 per share, reflecting a commitment to a well-covered dividend program [16] Q&A Session Summary Question: Can you help us understand the size and returns for the new power projects? - Management expects the new projects to have attractive returns similar to the Socrates project, with full commercialization anticipated throughout the year [32][34] Question: What is the strategic rationale for the Cogentrix investment? - The investment is seen as a way to position the company in the changing Northeast power market, focusing on gas supply rather than entering the merchant power generation space [36][38] Question: What competitive advantages does Williams have in the market? - The company emphasizes collaboration across its organization and strong relationships with suppliers, which have been key to its success in delivering solutions [43][45] Question: How does the company view the gas market unfolding? - Management sees a strong call for gas, particularly in dry gas basins, and expects to see a rotation of rigs into gas areas as oil prices soften [50][52] Question: What is the outlook for capital spending and project backlog? - The company anticipates elevated CapEx due to a strong project backlog, with a focus on maintaining high return profiles [55][60] Question: Can you provide an update on the Transco Power Express project? - The project is a 950 million cubic feet per day expansion, primarily sourcing from Station 165, and is scalable without dependence on the Mountain Valley Pipeline expansion [92][94]

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $1,989 million for Q1 2025, representing a 3% increase compared to Q1 2024 [15][20]. - Adjusted EBITDA guidance for 2025 was raised from a midpoint of $7,650 million to $7,700 million, reflecting a projected 9% growth over 2024 [20][21]. - The company received an S&P credit rating upgrade to BBB+ during the quarter, along with a positive outlook from Moody's [12]. Business Line Data and Key Metrics Changes - The Transmission and Gulf segment achieved a record EBITDA of $1,034 million, up 3% year-over-year, driven by higher revenues from expansion projects [16][17]. - The Northeast Gathering and Processing business improved by $10 million or 2%, primarily due to higher revenues from gathering and processing rates [18]. - The West segment saw an 8% increase, driven by strong margins and contributions from the Rimrock acquisition [19]. Market Data and Key Metrics Changes - The company is experiencing robust demand for natural gas pipeline capacity, particularly in the power generation market and LNG exports [24][23]. - The demand for gas supply is expected to increase as oil prices soften, leading to a potential shift in drilling focus towards gas [48]. Company Strategy and Development Direction - The company is focused on capitalizing on the growing demand for natural gas, particularly in the power generation and industrial sectors [24][23]. - The company is pursuing high-return projects, including the Socrates project, which is expected to generate earnings consistent with a five times EBITDA build multiple [7][12]. - The leadership transition is aimed at maintaining the company's strategic focus on natural gas while leveraging new opportunities in emerging markets [25][26]. Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued growth, citing a strong backlog of fully contracted projects and a resilient business model [24][23]. - The company anticipates accelerating growth throughout 2025, with expectations for higher growth rates in subsequent quarters [15][20]. - Management highlighted the importance of legislative reform to improve project permitting timelines and reduce litigation risks [100][101]. Other Important Information - The company successfully placed two projects into service during the quarter, contributing to earnings growth [9][10]. - The quarterly dividend was increased by 5.3% to $0.50 per share, reflecting the company's commitment to its dividend program [14]. Q&A Session Summary Question: Can you help us understand the size and returns for the new power projects? - Management expects the new projects to have returns similar to the Socrates project, with full commercialization anticipated throughout the year [31][32]. Question: What is the strategic rationale for the Cogentrix investment? - The investment is aimed at positioning the company to better serve the changing power market dynamics, particularly in the Northeast [34][35]. Question: What competitive advantages does Williams have in the market? - The company emphasizes collaboration across its organization and strong relationships with suppliers, which enhance its ability to deliver solutions [40][41]. Question: How is the gas market expected to unfold given current dynamics? - Management noted a strong call for gas supply, particularly in dry gas basins, and expects to see growth in demand [48]. Question: What is the outlook for capital spending and project backlog? - The company anticipates elevated CapEx due to a strong project backlog, with a focus on maintaining high return profiles [51][56]. Question: Can you provide an update on the Transco Power Express project? - The project is a 950 million cubic feet per day expansion, primarily sourcing from Station 165, and is scalable without dependence on the Mountain Valley Pipeline [89][90].