What Enterprise Products Partners (EPD)'s Permian Gas Build-Out Plan Means For Shareholders
Enterprise Products Partners (EPD) presented its Permian Basin gas build-out plan, which includes adding multiple 300 million cubic feet per day processing plants through 2029 to capture more fee-based revenue. This strategy aligns with the company's investment narrative of attracting volumes and contracts to its midstream system, but investors should also consider its sizeable debt load and interest rate sensitivity. Forecasts project significant revenue and earnings growth for EPD by 2029, suggesting a potential 7% upside to its current price.
Phillips 66 stock hits 52-week high as pipeline deal adds to rally
Phillips 66 (PSX) stock reached a new 52-week high of $242.98, trading around $240.86 on Tuesday. The stock has been on an upward trend for seven consecutive sessions, gaining 7.53% in the past week and an impressive 85.02% year-to-date, significantly outperforming the broader market. This rally is attributed, in part, to a recent pipeline deal.
ExxonMobil's Targa deal includes 3 new gas plants—when will they operate?
Targa Resources announced new 20-year, fee-based integrated midstream agreements with ExxonMobil subsidiaries for natural gas gathering, processing, and NGL transportation and fractionation across the Permian Delaware and Permian Midland. To support anticipated volume growth, Targa plans to build three new Permian Delaware processing plants (Wrangler, Ranger, and Ranger II) with a combined capacity of approximately 825 MMcf/d, and a new 70-mile Bull Run II natural gas pipeline, all targeted for service in the first half of 2028. The company also updated its full-year 2026 net growth capital estimate to about $5.0 billion to reflect these new projects.
PIPELINE ASSURANCE NEEDED: Canada’s South Bow Delays Keystone XL Restart Until US Presidential Permit is Assured
South Bow, a Canadian pipeline operator, has decided to delay a partial restart of the Keystone XL pipeline project until it receives a "durable" U.S. presidential permit. CEO Bevin Wirzba stated this at the Energy Roundtable conference in Calgary, emphasizing the need for certainty. If approved, the Alberta-to-Wyoming pipeline could significantly boost Canada's crude exports to the U.S.
Should Investors Hold Enbridge as Growth Faces a Premium Valuation?
Enbridge Inc. (ENB) offers long-term contracted cash flows, a significant backlog, and a 5.4% dividend yield, with management foreseeing substantial organic growth opportunities through 2030. However, the company faces a premium valuation compared to its industry, the S&P 500, and its historical median, alongside high leverage and potential headwinds from U.S. interest rates. Investors considering ENB must weigh its visible growth path against the need for consistent execution and timely project conversion to justify its current valuation.
Enterprise Products Stock: Attractive Valuation, But Is It Time to Buy?
Enterprise Products Partners LP (EPD) is trading at an attractive valuation compared to its industry peers, with its business model protected by inflation-resilient contracts and ongoing growth projects. Despite a strong track record of returning capital to unitholders and distribution increases, the article suggests caution due to potential oversupply in LPG export capacity, recommending existing investors retain the stock but advising against immediate new investments.
Jefferies Adjusts Price Target on Phillips 66 to $242 From $207, Maintains Hold Rating
Jefferies has increased its price target for Phillips 66 (NYSE: PSX) to $242 from $207, while maintaining a "Hold" rating on the stock. This adjustment reflects a revised valuation perspective for the oil and gas refining and marketing company. The article also provides a company profile, highlighting Phillips 66's operations in petroleum product trading, refining, processing, and renewable fuels.
SWS Partners Takes Position in Phillips 66 $PSX
SWS Partners has recently acquired a new position in Phillips 66 (NYSE:PSX), purchasing 19,349 shares valued at approximately $3.27 million. This move comes as other institutional investors have also adjusted their holdings in the company, which maintains a "Moderate Buy" consensus rating from analysts with an average price target of $206.56. Phillips 66 has also demonstrated strong financial performance, beating earnings estimates and approving a $10 billion stock repurchase program, alongside paying a $1.27 quarterly dividend.
Principal Financial Group Inc. Has $75.86 Million Stock Holdings in Kinder Morgan, Inc. $KMI
Principal Financial Group Inc. significantly reduced its stake in Kinder Morgan, Inc. by 18.1% in the second quarter, selling over 523,000 shares but still retaining holdings valued at $75.86 million. Despite this reduction, institutional investors collectively own 62.52% of Kinder Morgan, which analysts generally rate as a "Hold" with a consensus price target of $35.50. Kinder Morgan recently surpassed earnings expectations, reporting $0.37 EPS and $4.48 billion in revenue, and declared a quarterly dividend of $0.2975 per share.
Worth Financial Advisory Group LLC Buys Shares of 5,085 Phillips 66 $PSX
Worth Financial Advisory Group LLC acquired 5,085 shares of Phillips 66 (NYSE:PSX) in the second quarter, valued at approximately $860,000. Institutional investors now own 76.93% of the company's stock, while insiders have recently sold over 100,000 shares worth about $21.8 million. Phillips 66 reported strong Q2 earnings, exceeding revenue and EPS estimates, and announced a $10 billion share buyback program and a $1.27 quarterly dividend.
Williams Companies (NYSE:WMB) stock in focus today as midstream expansion advances
Williams Companies (NYSE:WMB) is drawing attention due to its ongoing midstream expansion, which is advancing its natural gas infrastructure to connect major production regions with growing demand from export terminals and power generation. The company, a significant natural gas handler, benefits from a stable fee-based, volume-oriented business model, making it less sensitive to commodity price fluctuations than producers. Its strategic acquisitions and network expansions are positioning it to capitalize on the increasing demand for natural gas, including from the expanding data center industry.
Swiss Life Asset Management Ltd Buys 7,330 Shares of Phillips 66 $PSX
Swiss Life Asset Management Ltd increased its stake in Phillips 66 (NYSE:PSX) by 10.7% in the second quarter, acquiring an additional 7,330 shares to own a total of 75,839 shares valued at $12.8 million. Phillips 66 recently reported strong quarterly earnings of $9.41 EPS, surpassing analyst estimates, and authorized a $10 billion share-repurchase program. While the stock has performed well and analysts maintain a "Moderate Buy" rating, some insider selling and failed merger talks could impact future sentiment.
Phillips 66, Kinder Morgan, and HF Sinclair announce FID for Western Gateway Pipeline
Phillips 66, Kinder Morgan, and HF Sinclair have formed a joint venture and approved a final investment decision for the Western Gateway Pipeline system. This 1300-mile refined products pipeline will provide a new fuel supply path from the Gulf Coast to Arizona and California, aiming to enhance supply reliability and cost-effectiveness for markets in the Western US. The project, valued at approximately US$5.0 billion, is expected to be completed in 2029.
Winners And Losers Of Q2: DHT Holdings (NYSE:DHT) Vs The Rest Of The Infrastructure Stocks
The article analyzes the Q2 earnings performance of several infrastructure stocks, focusing on DHT Holdings (NYSE:DHT) in comparison to its peers. It highlights DHT Holdings' strong revenue growth and impressive beat of analyst estimates, while also examining the results of other companies like Genesis Energy, Kodiak Gas Services, Expand Energy, and Kinder Morgan. The broader market context, including shifts in perceived risks from AI to geopolitics, is also discussed.
Golar Sees Strong Demand For Additional Argentina LNG Volumes Beyond 2 Million-Ton SEFE Deal
Golar LNG reports strong offtaker interest for additional LNG volumes from its Argentina export project, beyond the existing 2 million tonnes annually contracted with SEFE. Southern Energy (SESA), a consortium including Golar, has initiated a bidding process for these additional volumes. The project involves Golar's FLNG Hilli and FLNG Esperanza vessels, which are slated to begin operations in Argentina in 2027 and 2028, respectively, supported by significant infrastructure development.
Phillips 66 left California. Now it's betting billions on selling fuel there.
Phillips 66, after closing its Los Angeles refinery in 2025, is now partnering with Kinder Morgan and HF Sinclair to propose the multibillion-dollar Western Gateway Pipeline. This project aims to transport up to 230,000 barrels of oil daily over 1,300 miles to California, addressing the state's fuel supply crisis and high prices. Experts suggest this move reflects the attractive economics of accessing California's market despite Phillips 66's prior exit from refining operations in the state.
Oil Is Up 86% in 2026. The 4% Toll-Collector Fund Beats Chasing Crude
While the United States Oil Fund (USO) saw an 86% increase in 2026, investors seeking energy exposure without direct oil price volatility might consider midstream funds. The article suggests that direct investment in pipeline operators like Enterprise Products Partners (EPD) or Kinder Morgan (KMI) can offer better returns and higher yields than concentrated ETFs like VanEck Energy Income ETF (EINC), due to lower fees and specific tax advantages. EPD offers a mid-5% yield with 27 consecutive distribution raises and no fund fees, while KMI provides a C-corp structure for IRA simplicity.
Phillips 66 and Kinder Morgan greenlight $5B Texas-Arizona pipeline
Phillips 66 and Kinder Morgan Inc. have made a final investment decision on the $5 billion Western Gateway Pipeline. This joint venture will transport gasoline and other refined products from Texas to Arizona and California, with Phillips 66 owning 49.9%, Kinder Morgan 35.1%, and HF Sinclair Corp. 15%. The pipeline, first announced in October 2025, aims to connect Phillips 66's refineries to Kinder Morgan's terminals across several states, bringing refined products to California for the first time.
LNG Q2 Earnings Beat Estimates on Higher Volumes and Margins
Cheniere Energy, Inc. (LNG) reported strong second-quarter 2026 results, surpassing earnings and revenue estimates due to higher LNG volumes and improved margins. The company's adjusted earnings per share were $3.02, and total revenues reached $5.73 billion, driven by increased production from new capacity and operational reliability. LNG also raised its full-year 2026 financial and production guidance, reflecting continued growth and strong cash generation.
Zacks Industry Outlook Highlights Kinder Morgan, Williams Companies and MPLX
The Zacks Oil and Gas - Production and Pipelines industry faces challenges due to conservative spending by upstream companies and a global shift towards renewables, despite midstream operations being less vulnerable to price fluctuations. The industry carries a gloomy outlook with a low Zacks Industry Rank, yet companies like Kinder Morgan, The Williams Companies, and MPLX are highlighted as well-positioned due to their stable, fee-based revenues and strategic assets. The article examines the industry's debt, renewable energy transition, and explorers' capital spending, concluding with an analysis of its performance against the S&P 500 and sector, along with current valuation metrics.
TC Energy Number of Employees 2026 | Employee Count & Headcount Data
As of March 2026, TC Energy Corp. (TRP) has approximately 6,725 employees worldwide, representing a 10.2% decline since 2023. Despite this, the company is actively hiring, with 165 active job postings in 2026, a 50% increase from 2025. The workforce is primarily concentrated in North America, with an average salary of $105,215, and overall employee sentiment is neutral but improving.
Zacks Industry Outlook Highlights Kinder Morgan, Williams Companies and MPLX
Zacks Equity Research highlights Kinder Morgan, Inc. (KMI), The Williams Companies Inc. (WMB), and MPLX LP (MPLX) as strong pipeline stocks despite a gloomy outlook for the oil and gas production and pipelines industry. The sector faces headwinds from high debt, the shift to renewables, and conservative spending by upstream companies. These three companies are positioned to navigate these challenges due to their stable fee-based revenues, strategic assets, and diversified portfolios.
Zacks Industry Outlook Highlights Kinder Morgan, Williams Companies and MPLX
The Zacks Oil and Gas - Production and Pipelines industry faces a gloomy outlook due to conservative spending by upstream companies, despite midstream assets being less vulnerable to price fluctuations. However, Kinder Morgan (KMI), MPLX LP (MPLX), and The Williams Companies (WMB) are highlighted as well-positioned to navigate these challenges. These companies benefit from stable fee-based revenues and, in some cases, exposure to increasing LNG demand and natural gas transportation, which are crucial for future energy needs.
Phillips 66, Kinder Morgan, HF Sinclair sanction Western Gateway pipeline
Phillips 66, Kinder Morgan, and HF Sinclair have sanctioned the Western Gateway project, a 1,300-mile refined products pipeline system designed to link St. Louis and Gulf Coast supply points to markets in Arizona and California. The project, with an enterprise value of about $5 billion, includes new construction and the reversal of existing pipelines, aiming for completion in 2029 to improve affordability and assurance of supply for the Western United States.
Phillips 66, Kinder Morgan and HF Sinclair Announce Final Investment Decision for Western Gateway Pipeline
Phillips 66, Kinder Morgan, and HF Sinclair have finalized a joint venture agreement and made a final investment decision for the Western Gateway Pipeline system. This 1,300-mile refined products pipeline will create a new fuel supply path from St. Louis and the Gulf Coast to Arizona and California, with a design capacity of 230,000 barrels per day. The project, valued at approximately $5.0 billion, is expected to be completed in 2029 and aims to strengthen fuel supply reliability and deliver a more cost-effective solution for growing markets in the Western United States.
Murphy USA Q2 Earnings Beat Estimates on Strong Fuel Contribution
Murphy USA Inc. (MUSA) reported strong second-quarter 2026 earnings, surpassing analyst estimates due to robust fuel economics and increased retail volumes. The company's earnings per share rose significantly, driven by higher retail fuel margins and a solid merchandise contribution. MUSA also outlined its store growth plans and financial performance, including share repurchases and dividends, while providing an optimistic outlook for the remainder of 2026.
Phillips 66, Partners Sanction Texas to Arizona Oil Pipeline Project
Phillips 66, Kinder Morgan Inc, and HF Sinclair Corp have sanctioned the $5-billion Western Gateway pipeline project, which will transport refined oil products from Borger, Texas to Phoenix, Arizona. This 1,300-mile project aims to create a new fuel supply path to Arizona and California with a design capacity of 230,000 barrels per day. The venture is targeted for service in 2029 and involves a new 900-mile pipeline built by Phillips 66, with Kinder Morgan contributing and operating existing pipelines, forming a joint venture with Phillips 66 owning 49.9%, Kinder Morgan 35.1%, and HF Sinclair 15%.
Teekay Corp Ltd (TK) Earnings Forecast: Future EPS & Revenue Growth Estimates
This article provides an earnings forecast for Teekay Corp Ltd (TK), covering future EPS and revenue growth estimates. It also includes key financial metrics like market cap and P/E ratio, along with a peer comparison of other energy companies. The data was updated on August 12, 2026.
Fuel companies fund proposal for first pipeline carrying gasoline into California
Three energy companies—Phillips 66, Kinder Morgan, and HF Sinclair Corp.—have made a final investment decision to move forward with the Western Gateway Pipeline system. This pipeline aims to transport gasoline and other refined fuels from Texas into California, potentially ending the state's reliance on in-state refining or seaborne imports. The project marks a significant milestone in addressing California's historical "fuel island" status.
Phillips 66 and partners approve $5bn Western Gateway Pipeline
Phillips 66, Kinder Morgan, and HF Sinclair have approved the $5bn Western Gateway Pipeline project. This 1,300-mile system will transport up to 230,000 barrels of refined fuel products daily from the Midcontinent and Gulf Coast to the western US, enhancing supply reliability in Arizona and California. The project, expected to be operational by 2029, involves new construction by Phillips 66 and the integration of existing Kinder Morgan pipelines.
Phillips 66 (PSX) Is Up 9.0% After Expanding Buybacks And Greenlighting Western Gateway Pipeline Joint Venture
Phillips 66 (PSX) saw a 9.0% stock increase following its Q2 2026 results, which included revenue of US$52.04 billion, net income of US$3.85 billion, and an expanded share repurchase authorization to US$23.00 billion. The company also approved the US$5.00 billion Western Gateway Pipeline joint venture, signifying a significant investment in strengthening refined fuel logistics across the Western United States. This strategic move aims to reinforce Phillips 66's Midstream segment as a stabilizer and support future cash generation, despite potential risks from refining margin pressures and increased capital spending.
BERKLEY W R CORP Exits Aimei Health Technology (AFJK) Entirely: A Case Study in SPAC Risk Management
BERKLEY W R CORP fully divested its position in Aimei Health Technology Co Ltd (AFJK), a SPAC, on June 30, 2026, selling all shares at $30.30. This exit proved timely as AFJK's stock subsequently plummeted by over 60% to $12.01, validating the firm's disciplined risk management approach. The case highlights the firm's focus on fundamental value investing, contrasting with the speculative nature and lack of operational earnings characteristic of SPACs.
BERKLEY W R CORP Exits AMC Robotics Corp (AMCI) Position in Sold Out Transaction
BERKLEY W R CORP has fully divested its stake in AMC Robotics Corp (AMCI) as of June 30, 2026, selling all shares at $4.98 each. This exit aligns with BERKLEY W R CORP's value-oriented investment strategy, which favors stable, income-generating assets over speculative growth, especially given AMC Robotics' weak financial performance and "worst future performance potential" GF-Score. The transaction highlights concerns about AMC Robotics' negative revenue growth, poor profitability, and market sentiment since its IPO in December 2025.
W.R. Berkley Corp Exits Goldenstone Acquisition Ltd (GDSTU) in Complete Liquidation
W.R. Berkley Corp has fully divested its position in Goldenstone Acquisition Ltd (NASDAQ:GDSTU) by selling all remaining shares at $10.72 each. This move reduces the insurance holding company's portfolio weight in the SPAC to 0.00%, marking a strategic exit from a speculative investment. The decision aligns with W.R. Berkley's focus on value-oriented investments in established sectors like energy infrastructure, especially given Goldenstone Acquisition Ltd's weak financial fundamentals and "worst future performance potential" GF-Score.
W.R. Berkley Corp Exits Horizon Space Acquisition II Corp (HSPT) Stake Entirely
W.R. Berkley Corp has completely divested its stake in Horizon Space Acquisition II Corp (HSPT), selling 53,846 shares at $5.33 each on June 30, 2026. This strategic exit reflects the firm's focus on established, income-generating assets in sectors like energy, rather than speculative SPAC investments that have shown weak financial performance and growth prospects. HSPT, a blank check company, has faced significant stock volatility and underperformance since its IPO, aligning with W.R. Berkley's disciplined portfolio management strategy.
Phillips 66, Kinder Morgan, HF Sinclair Approve $5B Western Gateway Fuel Pipeline Project
Phillips 66, Kinder Morgan, and HF Sinclair have approved the $5 billion Western Gateway Pipeline system and finalized a joint venture agreement. This 1,300-mile refined products pipeline will establish a new fuel supply route from St. Louis and the Gulf Coast to Arizona and California, addressing the West Coast's isolated fuel market. The project, targeting completion in 2029, will involve Phillips 66 owning 49.9%, Kinder Morgan 35.1%, and HF Sinclair 15% of the venture.
Phillips 66 and Kinder Morgan's $5 billion Western Gateway Pipeline reaches final investment decision
Phillips 66, Kinder Morgan, and HF Sinclair have given their final investment decision for the $5 billion Western Gateway Pipeline, which will run from Texas to Arizona. The companies are currently finalizing the financial contributions and ownership splits for the project.
YPF Eyes Year-End LNG Green Light as Vaca Muerta Shale Expansion Advances
Argentina's national oil company, YPF, is pushing forward with natural gas midstream infrastructure development. The company is aiming for a final investment decision on a major LNG project by the end of the year as it continues to expand its Vaca Muerta shale operations. This move is part of YPF's strategy to offset conventional production declines with shale gas.
Phillips 66, Kinder Morgan, HF Sinclair greenlight Western Gateway pipeline
Phillips 66, Kinder Morgan, and HF Sinclair have finalized a joint venture to construct the $5 billion Western Gateway Pipeline. This 1,300-mile refined products system will connect the Midwest and Gulf Coast to Arizona and California, providing a new fuel supply route to the West Coast. The project aims to alleviate California's fuel market vulnerabilities and is expected to be completed in 2029.
Western Gateway reaches final investment decision
Phillips 66, Kinder Morgan, and HF Sinclair are advancing the Western Gateway Pipeline project, which has reached a final investment decision. This initiative aims to create a new refined products supply path from St. Louis and the Gulf Coast to western markets, including Phoenix, Arizona, and California, enhancing long-term fuel reliability and flexibility across the region. The project involves new pipeline construction and the reversal of existing lines, targeting completion in 2029 with an initial capacity of 230,000 barrels per day.
1,300-mi., $5-billion Western Gateway Pipeline approved by Phillips 66 joint venture
Phillips 66, Kinder Morgan, and HF Sinclair have approved the construction of the $5 billion, 1,300-mile Western Gateway Pipeline, a new refined products system for the western U.S. Phillips 66 will own 49.9%, Kinder Morgan 35.1%, and HF Sinclair 15% of the joint venture. The pipeline, aiming for completion in 2029, will transport 230,000 bpd of refined products, connecting St. Louis and Gulf Coast points to Arizona and California.
Phillips 66, Kinder Morgan, HF Sinclair Approve Western Gateway Pipeline Project
Phillips 66, Kinder Morgan, and HF Sinclair have finalized a joint venture to proceed with the $5 billion Western Gateway Pipeline system. Phillips 66 will hold 49.9%, Kinder Morgan 35.1%, and HF Sinclair 15% ownership. This project aims to address limited pipeline links to the U.S. West Coast and is expected to be completed in 2029.
Phillips 66, Kinder Morgan, HF Sinclair approve Western Gateway pipeline project
Phillips 66, Kinder Morgan, and HF Sinclair have finalized a joint venture agreement for the $5 billion Western Gateway Pipeline system. The project, expected to be completed in 2029, aims to address fuel supply vulnerabilities and price spikes on the U.S. West Coast by creating a new major fuel pipeline. Phillips 66 will hold 49.9%, Kinder Morgan 35.1%, and HF Sinclair 15% ownership in the venture.
Phillips 66, Kinder Morgan, HF Sinclair approve Western Gateway pipeline project By Reuters
Phillips 66, Kinder Morgan, and HF Sinclair have approved the proposed $5 billion Western Gateway Pipeline system and finalized their joint venture agreement. Phillips 66 will hold a 49.9% stake, Kinder Morgan 35.1%, and HF Sinclair 15%. This project aims to improve fuel supply to the U.S. West Coast, a region vulnerable to supply disruptions, with completion expected in 2029.
Phillips 66, Kinder Morgan, HF Sinclair to move forward with $5B Western Gateway Pipeline (KMI:NYSE)
Phillips 66, Kinder Morgan, and HF Sinclair have finalized a joint venture agreement and made a final investment decision to construct the proposed $5 billion Western Gateway Pipeline system. The pipeline is expected to be completed in 2029.
Is MPLX Worth Buying as Growth Projects Meet Higher Capital Risks?
MPLX is expanding its natural gas and NGL infrastructure, leading to increased capital spending and higher financial risks. While new projects are expected to boost cash flow and adjusted EBITDA in 2027, the company faces elevated leverage, rising financing costs, and a near-peak valuation. Investors are advised to exercise patience due to the increased importance of execution and financial discipline.
Phillips 66, Kinder Morgan, HF Sinclair approve US$5 billion Western Gateway project
Phillips 66, Kinder Morgan, and HF Sinclair have approved the US$5 billion Western Gateway Pipeline system, forming a joint venture to build it. The project aims to establish a new 1,300-mile fuel supply route from St. Louis and Gulf Coast to Arizona and California, with completion targeted for 2029. This pipeline is critical for supplying the U.S. West Coast and will involve reversing existing pipeline systems and significant financial contributions from the partners.
Phillips 66, Kinder Morgan and HF Sinclair Announce Final Investment Decision for Western Gateway Pipeline
Phillips 66, Kinder Morgan, and HF Sinclair have made a final investment decision for the Western Gateway Pipeline, a 1,300-mile refined products pipeline connecting St. Louis and Gulf Coast origins to Arizona and California. The $5.0 billion project, targeting completion in 2029, will be jointly owned with Phillips 66 holding 49.9%, Kinder Morgan 35.1%, and HF Sinclair 15%, aiming to enhance fuel supply reliability and cost-effectiveness in the Western United States.
Will Stronger Q2 Earnings and Completed Buyback Program Change Enterprise Products Partners' (EPD) Narrative
Enterprise Products Partners (EPD) recently announced stronger Q2 2026 earnings, with sales rising to US$18,269 million and net income to US$1,841 million, and completed a US$1,711.23 million share buyback program. These results reinforce the company's focus on cash generation and returns to unitholders, supporting its investment narrative around durable midstream cash flows. However, investors are still advised to monitor the company's significant debt load and the execution of new growth projects.
Everest Group, Ltd. (EG) Stock Forecasts
Argus has lowered its target price for Everest Group, Ltd. (EG) to $406.00 as of August 5, 2026. The Bermuda-based company operates in the reinsurance and insurance sectors, with its current stock price at $367.75. The report indicates a summary of the company's operations and offers premium content for detailed analysis.
