Company Overview - South Bow Corp. operates 4,900 kilometres (3,045 miles) of crude oil pipeline infrastructure, connecting Alberta crude oil supplies to U.S. refining markets in Illinois, Oklahoma, and the U.S. Gulf Coast [6] - The company is based in Calgary, Alberta, and is an investment-grade spinoff of TC Energy, having become a standalone entity on October 1, 2024 [6] Financial Results Announcement - South Bow Corp. will release its second-quarter 2025 financial and operational results after the close of markets on August 6, 2025 [1] - A conference call and webcast to discuss these results will be held on August 7, 2025, at 8 a.m. MT (10 a.m. ET) [2] Conference Call Details - Participants can register for the conference call via a provided link to receive a unique PIN for access [3] - The conference call can be accessed by telephone or through an automated call option [3] - A replay of the event will be available on the company's investor relations website [4]

Group 1: Ares Capital - Ares Capital is the largest publicly traded business development company (BDC) with over $17 billion invested since 2004, focusing on middle-market companies with annual revenues between $10 million and $1 billion [3][4] - The company offers a forward dividend yield of 8.63% and has maintained or grown its dividend for 63 consecutive quarters [3][4] - Ares Capital targets a total addressable market of approximately $5.4 trillion, benefiting from a shift towards private capital, and has a diversified portfolio with strong industry relationships and risk management [4][5] Group 2: Enterprise Products Partners - Enterprise Products Partners is a master limited partnership (MLP) leading the North American midstream energy industry, operating over 50,000 miles of pipeline [6][7] - The company has a forward distribution yield of 6.81% and has increased its distribution for 26 consecutive years [7][8] - Demand for oil and gas, particularly natural gas, is expected to grow for decades, ensuring strong demand for Enterprise Products Partners' pipelines [8][9] Group 3: Verizon Communications - Verizon Communications is a major telecommunications company serving millions globally, with a forward dividend yield of 6.22% and a history of increasing dividends for 18 consecutive years [10][11] - The company is expected to maintain its relevance in the market due to the high capital requirements for new competition in wireless services [11][12] - With the upcoming 6G technology, Verizon is anticipated to be a significant player, potentially leading to impressive growth opportunities in the future [12]

Core Viewpoint - The article discusses the renewed focus on "Made in America" as a significant investment theme, driven by geopolitical tensions and a push for domestic manufacturing and energy independence [2]. Group 1: Companies Highlighted - Cleveland-Cliffs Inc. is North America's largest flat-rolled steel producer, operating fully integrated steelmaking facilities in the U.S. and supplying steel to various domestic sectors [5][6]. - Newell Brands Inc. produces iconic American household products and maintains substantial U.S. manufacturing despite some global sourcing. The company is focusing on streamlining operations and has a forecasted 19% earnings growth in the next 12 months [10][11]. - Energy Transfer LP operates over 125,000 miles of pipelines for transporting crude oil and natural gas, positioning itself as a key player in U.S. energy security. The stock has a consensus price target of $22.64, indicating a 26% upside potential [13][15]. Group 2: Stock Performance and Market Indicators - Cleveland-Cliffs stock is trading around $8.71, showing a strong rebound and surpassing key moving averages, with a potential upside target of $10 [7][8]. - Newell Brands stock has seen a decline of over 40% in 2025 but has recently increased by about 17% in the last 30 days, nearing its 100-day moving average [12]. - Energy Transfer stock is currently at $17.91, just below its 100-day moving average, with analysts predicting a bullish trend and a dividend yield of 7.31% [16].

It's always nice to see the prices of your stock appreciate, but that's not the only way to make a good amount of money in the stock market. There are also dividends, which are more predictable and can significantly contribute to your total returns.As of June 30, the S&P 500's dividend yield is just under 1.3%, but there's an ultra-high-yield dividend stock that offers a yield over 5.5 times that amount: Energy Transfer (ET 0.51%).It hasn't been the best year for Energy Transfer, down over 7% through June 3 ...

Core Viewpoint - The article emphasizes the growing interest in dividend stocks, particularly for investors approaching retirement, highlighting the appeal of regular income and reinvestment opportunities. Group 1: Ares Capital - Ares Capital is the largest publicly traded business development company (BDC) and provides direct loans to private middle-market companies in the U.S. [3] - The stock is affordable with a share price under $22 and a forward price-to-earnings ratio of 10.7 [3][4]. - Ares Capital has a forward dividend yield of 8.95% and has paid stable to growing dividends for 63 consecutive quarters [4]. - The total addressable market for Ares Capital is estimated at $5.4 trillion, positioning the company well for market growth [5]. Group 2: Enbridge - Enbridge is a leading player in the midstream energy industry, operating extensive crude and natural gas pipelines, and is the largest natural gas utility in North America [6]. - The company's diversified operations make it resilient across economic cycles, with less than 1% of EBITDA linked to commodity prices and approximately 80% protected from inflation [7]. - Enbridge has increased its dividend for 30 consecutive years, with a forward dividend yield of 6.07% and a distributable cash-flow payout ratio between 60% and 70% [8]. Group 3: Enterprise Products Partners - Enterprise Products Partners is another midstream energy leader, operating over 50,000 miles of pipeline and owning various energy assets [11]. - The company has a strong resilience, with around 90% of long-term contracts protected from inflation, and has consistently generated strong distributable cash flow [12]. - Enterprise Products Partners has increased its distribution for 26 consecutive years, with a forward distribution yield of 6.93% [13].

Core Viewpoint - Enterprise Products Partners (EPD) has generated a total return of approximately 45% over the past two years, which is lower than the S&P 500's return of 56% during the same period, but the company is recognized for its strong distribution yield and consistent performance [1][8]. Distribution and Income - Enterprise Products Partners is characterized as an income investor's dream stock, currently offering a forward distribution yield of 6.7% [3]. - The company has a remarkable track record of increasing its distribution for 26 consecutive years and has paid $1.2 billion in "invisible" distributions through unit buybacks since its IPO in 1998 [4]. Resilience and Performance - Despite facing significant challenges such as the financial crisis (2007-2009), oil price collapse (2015-2017), and the COVID-19 pandemic (2020-2022), Enterprise has consistently generated strong cash flow per unit to support its distributions [5]. - Unlike some competitors that had to sell assets to maintain distributions, Enterprise has managed to grow its adjusted cash flow from operations (CFFO) per unit and reduce unit count without significant asset sales [6]. Operational Scale - The company operates over 50,000 miles of pipeline, owns 43 natural gas processing trains, and 26 fractionators, with the capacity to store over 300 million barrels of liquids and 20 deepwater docks [7]. Market Trends and Demand - The rising demand for U.S. hydrocarbons, particularly natural gas liquids (NGLs), is expected to continue, with production of oil, NGLs, and natural gas projected to increase steadily through the end of the decade [9][10]. - Artificial intelligence (AI) is identified as a key driver for higher natural gas demand, particularly for powering data centers, and LNG demand in Asia and Europe is anticipated to rise by approximately 30% by 2030 [10]. Growth Opportunities - Enterprise has $7.6 billion in major capital projects underway, with $6 billion expected to come online this year, and the company is actively seeking to enhance export growth through international outreach [11]. Valuation - The units of Enterprise Products Partners trade at 11.2 times forward earnings, which is the lowest in its peer group and significantly below the S&P 500 energy sector's forward price-to-earnings ratio of 15.9, indicating an attractive valuation for potential investors [12].

Core Insights - Enbridge has become one of the largest publicly traded energy companies with a market cap exceeding $100 billion and offers a dividend yield of nearly 6% [1] - The company possesses significant competitive advantages, including the longest pipeline network in North America [2] - Enbridge transports approximately 90% of Canada's crude oil exports to the U.S. and about 40% of all crude oil produced in North America, making it a dominant player in the industry [3] Competitive Advantages - Pipelines are the most cost-effective and efficient method for transporting hydrocarbons over land, which enhances Enbridge's infrastructure value [4] - The high upfront costs and lengthy permitting processes for pipeline construction create barriers to entry, allowing Enbridge to enjoy high cash flow once projects are operational [5] - Due to increasing regulations, some of Enbridge's pipelines may face little to no competition in the future [5] Market Considerations - There are potential headwinds for hydrocarbon demand due to climate change and pollution concerns, which could impact Enbridge's revenue model that charges by volume [6] - Despite these challenges, Enbridge remains a viable investment for two main reasons: its substantial dividend yield and stability during bear markets [8][10] Investment Rationale - The company offers a dividend yield of 5.8%, with a history of consistent increases, supported by its toll-like business model that generates strong cash flows [8][9] - Enbridge's stock tends to be less volatile during bear markets, with a beta of around 0.87, indicating relative stability [10] - While the long-term demand for hydrocarbons may be uncertain, Enbridge is still suitable for retirees seeking income and investors looking to preserve capital [11]

Core Viewpoint - Energy Transfer is positioned as a strong investment opportunity due to its significant growth potential, solid financial health, and attractive valuation, especially as its stock is currently trading down nearly 20% from its recent high [1] Group 1: Growth Opportunities - Energy Transfer has established one of the largest integrated midstream systems in the U.S., which allows it to capitalize on rising volumes and price spreads across the energy value chain [2] - The company is focusing on growth, planning to spend approximately $5 billion in capital expenditures this year, up from $3 billion in 2024, with major projects like the Hugh Brinson pipeline aimed at meeting increasing natural gas demand [5] - Energy Transfer is also ready to make a final investment decision on its Lake Charles LNG facility, having signed a deal to fund 30% of the construction costs [6] Group 2: Financial Position - The company has improved its financial standing significantly, with its distribution now above pre-2020 levels and a leverage ratio at the low end of its target range of 4 to 4.5 times adjusted EBITDA [8] - Approximately 90% of Energy Transfer's EBITDA is expected to come from fee-based services this year, providing insulation from commodity price fluctuations [9] - The current quarterly distribution is $0.3275 per share, yielding 7.3%, with management targeting annual growth of 3% to 5% in distributions [10] Group 3: Valuation - Energy Transfer is trading at a forward enterprise-value-to-EBITDA multiple of just 8, significantly lower than the historical average of 13.7 for midstream MLPs between 2011 and 2016 [11]

Although the midstream energy sector is less vulnerable to oil and gas prices, the outlook for the Zacks Oil and Gas - Pipeline MLP industry remains uncertain. Conservatism in capital expenditures by upstream companies could lower the utilization of midstream assets. Additionally, a significant debt burden continues to hinder the ability of midstream energy companies to fund new projects and weather economic downturns.Despite the challenges, pipeline players are in a stronger position than upstream and down ...

CALGARY, Alberta, May 15, 2025 (GLOBE NEWSWIRE) -- South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) announces that its shareholders approved all resolutions at the Company's annual general meeting held on May 15, 2025 (the Meeting). During the business proceedings of the Meeting, South Bow's shareholders approved the following resolutions: 1. Resolution to appoint 11 board members, with 96.51% to 99.83% of shares represented at the Meeting voting in favour of the individual directors as follows ...