DENVER, July 9, 2025 /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream" or the "Company") today announced that the Board of Directors of Antero Midstream declared a cash dividend of $0.225 per share for the second quarter of 2025. The Company also repurchased approximately 1.0 million shares during the second quarter. In addition, Antero Midstream announced plans to issue its second quarter 2025 earnings on Wednesday, July 30, 2025 after the close of trading on the New York Stock Ex ...

Core Insights - Energy Transfer LP's systematic capital-expenditure strategy significantly enhances its long-term growth outlook through investments in high-return projects across its midstream network [1] - The company is focusing on pipeline expansions, fractionation units, and export terminals to improve asset integration and drive volume growth [2] - Disciplined capital deployment supports long-term cost efficiencies and margin expansion, with a planned investment of $5 billion in 2025 [3][8] - The capital expenditure strategy underpins the ability to generate resilient cash flows and sustain distributions to unitholders [4] Capital Expenditure Strategy - Energy Transfer's capital expenditure enhances midstream operations by expanding pipeline infrastructure, increasing storage capacity, and boosting system reliability [5] - The company invested $955 million in the first quarter of 2025 and plans to invest $5 billion for the full year to strengthen its infrastructure [3][8] Earnings Estimates - The Zacks Consensus Estimate for Energy Transfer's earnings per unit indicates an increase of 2.86% for 2025 and 4.26% for 2026 over the past 60 days [7][8] Price Performance - Energy Transfer's trailing 12-month return on equity (ROE) is 11.47%, lower than the industry average of 13.95% [9] - Units of Energy Transfer have risen 2.3% in the past month, contrasting with a decline of 0.5% in the Zacks Oil and Gas - Production Pipeline - MLB industry [10]

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 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].

Enterprise Products Partners (EPD -1.67%) has been one of the most consistent growers in the energy midstream sector. The master limited partnership (MLP) has increased its cash distribution (which yields 6.8%) for 26 straight years. That's due to the durability of its cash flow and its investments to expand its extensive midstream system.While the MLP tends to grow relatively steadily, this year will be a bit of an outlier. It has $6 billion of growth capital projects on track to enter service through the ...

Forward-Looking Statements This presentation contains forward-looking statements based on the beliefs of the company, as well as assumptions made by, and information currently available to our management team (including information published by third parties). When used in this presentation, words such as "anticipate," "project," "expect," "plan," "seek," "goal," "estimate," "forecast," "intend," "could," "should," "would," "will," "believe," "may," "scheduled," "pending," "potential" and similar expression ...

Targa Resources Corp. (NYSE:TRGP) Q4 2024 Earnings Conference Call February 20, 2025 11:00 AM ET Company Participants Tristan Richardson - Vice President, Investor Relations & Fundamentals Matt Meloy - Chief Executive Officer & Director Jen Kneale - President of Finance & Administration Will Byers - Executive Vice President & Chief Financial Officer Scott Pryor - President of Logistics & Transportation Pat McDonie - President of Gathering & Processing Bobby Muraro - Chief Commercial Officer Conference Call ...