Latest news with #NGLs
Yahoo
30-06-2025
- Business
- Yahoo
ONEOK Second Quarter 2025 Conference Call and Webcast Scheduled
TULSA, Okla., June 30, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will release second quarter 2025 earnings after the market closes on Aug. 4, 2025. Members of ONEOK's management team will participate in a conference call the following day. What: ONEOK second quarter 2025 earnings conference call and webcast When: 11 a.m. Eastern, Aug. 5, 202510 a.m. Central Where: 1) Phone conference call dial 877-883-0383, entry number 97069042) Log on to the webcast at If you are unable to participate in the conference call or the webcast, the replay will be available on ONEOK's website, for one year. A recording will be available by phone for seven days. The playback call may be accessed at 877-344-7529, access code 4363302. At ONEOK (NYSE: OKE), we deliver energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation, storage and marine export services. Through our approximately 60,000-mile pipeline network, we transport the natural gas, natural gas liquids (NGLs), refined products and crude oil that help meet domestic and international energy demand, contribute to energy security and provide safe, reliable and responsible energy solutions needed today and into the future. As one of the largest integrated energy infrastructure companies in North America, ONEOK is delivering energy that makes a difference in the lives of people in the U.S. and around the world. ONEOK is an S&P 500 company headquartered in Tulsa, Oklahoma. For information about ONEOK, visit the website: For the latest news about ONEOK, find us on LinkedIn, Facebook, X and Instagram. Analyst Contact: Megan Patterson918-561-5325 Media Contact: Alicia Buffer918-861-3749 View original content to download multimedia: SOURCE ONEOK, Inc. Sign in to access your portfolio
New Indian Express
18-06-2025
- Business
- New Indian Express
Why Strait of Hormuz, Iran matter for global oil prices
Iran's central role in the global oil ecosystem is back in sharp focus as escalating tensions with Israel push crude oil prices to their highest levels since September 2023. Brent crude futures surged to $76.74 per barrel on Wednesday, while West Texas Intermediate traded at $73 per barrel by 11:30 PM IST. The spike in prices is driven by fears that the intensifying conflict could disrupt oil flows through the Strait of Hormuz — a maritime chokepoint critical to global energy markets. Iran, a key oil producer in the region, has long threatened to block the Strait if provoked. Even a temporary disruption could send shockwaves across global supply chains. Roughly one in every four barrels of global oil — including exports from Saudi Arabia, the UAE, Kuwait, Iraq, and Iran itself — passes through the Strait of Hormuz. This narrow waterway also serves as the primary route for much of the world's spare production capacity, amplifying the potential global impact of any blockade or military activity. Recent reports of two tankers catching fire near the Strait, later confirmed as a result of a collision, have only deepened market unease. The incident underscores the region's vulnerability to disruptions, both accidental and intentional. According to the International Energy Agency (IEA), Iran currently produces around 4.8 million barrels per day (mb/d) of crude oil, condensates, and natural gas liquids (NGLs), and exports about 2.6 mb/d. Despite stepped-up US sanctions, its crude and condensate exports have held steady at approximately 1.7 mb/d this year, with the bulk going to China. Iran is also a major player in the oil products market, shipping nearly 800,000 barrels per day of fuel oil, LPG, and naphtha since January 2025. Any disruption in Iranian output — whether from military strikes or operational shutdowns — has a direct and immediate bearing on global prices. The IEA confirmed that Iran has partially suspended operations at the South Pars gas field, the world's largest, following an Israeli airstrike-induced fire. It's unclear whether output from Phase 14, which includes 75,000 barrels per day of condensate and comparable volumes of ethane and LPG, has been impacted. Additionally, the Shahran oil depot and refinery near Tehran were reportedly targeted, although initial assessments suggest no significant damage. Meanwhile, Israel has preemptively shut down over 60% of its natural gas production, including the offshore Leviathan field, citing security concerns. Iranian strikes have also reportedly damaged infrastructure at Israel's Haifa refinery. As the region inches closer to a broader confrontation, oil markets remain on edge. For now, flows from Iran remain stable, but with every escalation, the risk premium on crude prices climbs — a stark reminder of why Iran's geopolitical position and energy exports are so crucial to global stability.
Time of India
17-06-2025
- Automotive
- Time of India
Global oil demand to peak at 105.5 mb/d by 2030; EVs to displace 5.4 mb/d: IEA
New Delhi: Global oil demand is projected to rise by 2.5 million barrels per day (mb/d) between 2024 and 2030, reaching a plateau of around 105.5 mb/d by the end of the decade, according to the International Energy Agency's (IEA) latest medium-term outlook released on Tuesday. The report, Oil 2025, states that while demand growth continues, structural changes in global supply and consumption patterns are expected to reshape the oil market over the coming years. Production capacity is forecast to rise by more than 5 mb/d to 114.7 mb/d by 2030, led by growth in natural gas liquids (NGLs) and other non-crude liquids. Electric vehicles are projected to displace 5.4 mb/d of oil demand globally by 2030. Electric car sales reached a record 17 million in 2024 and are expected to surpass 20 million in 2025, the report noted. 'Based on the fundamentals, oil markets look set to be well-supplied in the years ahead – but recent events sharply highlight the significant geopolitical risks to oil supply security,' IEA Executive Director Fatih Birol said. 'The IEA remains deeply committed to working with energy producers and consumers to safeguard energy security.' China, which has been the largest driver of global oil demand for over a decade, is expected to see its consumption peak in 2027 due to increased electric vehicle adoption, high-speed rail expansion, and natural gas-powered trucks. On the supply side, while the US remains the largest contributor to non-OPEC output, its production growth is expected to slow as companies focus on capital discipline. Still, output from the US, Canada, Brazil, Guyana, and Argentina is expected to be sufficient to meet demand growth through 2030. The OPEC+ alliance has started to unwind production cuts, but in the absence of major supply disruptions, oil markets are expected to remain comfortably supplied. The report also indicates that demand for combustible fossil fuels—excluding petrochemical feedstocks and biofuels—could peak as early as 2027. Meanwhile, the petrochemical industry is expected to become the dominant driver of oil demand growth from 2026, consuming one in every six barrels of oil by 2030. The shift toward non-crude liquids is also expected to impact refining. With net refinery capacity projected to exceed demand for refined products by 2030, more shutdowns in refining capacity are likely. The replacement of oil with natural gas and renewables in power generation, particularly in the Middle East and especially Saudi Arabia, is expected to further weigh on oil demand. The IEA report provides a longer-term perspective compared to its monthly Oil Market Report, offering forecasts and trends in oil demand, supply, refining, and trade up to 2030.
Yahoo
14-06-2025
- Business
- Yahoo
Top Oil Stocks With Great Dividends: What Should I Invest In Right Now?
Key Points Enterprise Products Partners pays an attractive distribution and has a highly resilient business. Energy Transfer offers an especially juicy yield and has AI-related growth opportunities. Enbridge is a diversified energy company that has increased its dividend for 30 consecutive years. 10 stocks we like better than Enbridge › As always, The Motley Fool cannot and does not provide personalized investing or financial advice. This information is for informational and educational purposes only and is not a substitute for professional financial advice. Always seek the guidance of a qualified financial advisor for any questions regarding your personal financial situation. If you'd like to submit your question for feedback, you can do so here. Oil stocks have been longtime favorites for investors seeking income. With lower oil prices causing many oil stocks to decline in recent months, their dividend yields have risen. A user on Reddit recently asked which oil stocks with attractive dividends are the best picks right now. There are plenty of good answers to that question, but I think three oil stocks especially stand out. 1. Enterprise Products Partners I think the best oil stocks for income investors right now can be found in the midstream industry. And my favorite midstream stock is Enterprise Products Partners (NYSE: EPD). The limited partnership (LP) operates more than 50,000 miles of pipeline that transports crude oil, natural gas, natural gas liquids (NGLs), petrochemicals, and other refined products. Enterprise Products Partners' forward distribution yield is 6.67%. A high yield can sometimes be a warning sign about underlying business problems. However, that's not the case with this stock. Enterprise has increased its distribution for 26 consecutive years and should be in a great position to keep that streak going. Lower oil prices can cause lower revenue and profits for major oil producers such as Chevron and ExxonMobil. However, midstream leaders such as Enterprise Products Partners charge the same amount to transport liquids through their pipelines no matter what commodity costs are. Enterprise stands above the pack in its industry, in my view, because of its remarkable resilience. The LP has delivered double-digit percentage returns on invested capital (ROIC) and steady cash flow per unit during some of the most difficult periods for the oil and gas industry without missing a beat. 2. Energy Transfer Energy Transfer (NYSE: ET) is another midstream stock that I really like. Like Enterprise Products Partners, Energy Transfer is an LP. It operates an even more extensive network of pipelines spanning over 130,000 miles.
Yahoo
07-06-2025
- Business
- Yahoo
1 Magnificent Pipeline Stock Down Nearly 20% to Buy and Hold Forever
At its current share price, Energy Transfer's distribution yields more than 7%, and the payouts have been growing. It has greatly improved its balance sheet and contract structure over the past few years. The master limited partnership has strong growth opportunities ahead of it. 10 stocks we like better than Energy Transfer › One of my favorite pipeline stocks to buy right now is Energy Transfer (NYSE: ET), and investors can pick up the master limited partnership (MLP) on sale, with shares trading down nearly 20% from their high as of this writing. In fact, the stock is one of my largest holdings. Here's why Energy Transfer is a great stock to buy and hold for the long term. Energy Transfer has built one of the largest integrated midstream systems in the U.S., handling the transport, storage, and processing of natural gas, crude oil, natural gas liquids (NGLs), and refined products. Its scale enables it to benefit from rising volumes across the energy value chain, as well as take advantage of price spreads across regions, seasons, and products. For instance, natural gas prices often rise in winter and can vary across the country. Energy Transfer can profit by storing gas ahead of periods of peak demand or by moving it from lower-priced to higher-priced markets. The company also upgrades certain hydrocarbons into more valuable end products. This kind of integrated footprint is hard to replicate, and it makes growth opportunities easier to take advantage of. With a strong position in Texas and the Permian Basin, Energy Transfer has access to low-cost associated gas, putting it in a solid spot to benefit from trends like the country's rising liquefied natural gas (LNG) exports and growing electricity demand tied to the AI infrastructure build-out. Given the opportunities in front of it, Energy Transfer has transitioned into growth mode. It plans to spend around $5 billion in growth capital expenditures (capex) this year, up from $3 billion in 2024. One of its major projects is the Hugh Brinson pipeline, which will transport natural gas out of the Permian to help meet growing natural gas demand in Texas stemming from new AI data center construction. It also signed a deal with data center developer Cloudburst to directly provide natural gas to its AI-focused data center development in central Texas. The company has also received inquiries from more than 60 power plants regarding new connections in 14 states, and requests from more than 200 data centers. Energy Transfer also appears ready to make a final investment decision on its long-awaited Lake Charles, Louisiana, LNG facility. It signed a deal with MidOcean Energy to fund 30% of the project's construction costs in exchange for 30% of the facility's LNG production if the project goes through, while it has also signed several sale and purchase agreements with potential customers. Demand for LNG continues to grow rapidly, with much of the new demand coming from Asia. Shell recently projected that global LNG demand could climb by 60% by 2040, driven both by Asian growth and a broader push for lower-emission energy sources for segments like heavy industry and transportation. Energy Transfer is also in a strong financial position. Building pipelines and other midstream assets is a capital-intensive business, and in 2020, the company cut its distribution in half to reduce leverage and improve its balance sheet. However, its distribution is now above where it was before that cut, and its leverage ratio is toward the low end of its target range of 4 to 4.5 times its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization). In fact, the company recently said it was in the best financial shape in its history. On top of its solid balance sheet, the MLP is also in a good position from a contract standpoint. This year, it expects about 90% of its EBITDA to come from fee-based services, meaning it's largely insulated from swings in commodity prices and spread differentials. Additionally, the company said it now has its highest-ever percentage of take-or-pay contracts, which means it gets paid whether or not customers actually use its services. Fee-based contracts with take-or-pay provisions increase the stability of its cash flows and support its distributions. Currently, the company is paying a quarterly distribution of $0.3275 per share, which at recent share prices is good for a forward yield of 7.3%. Management has said it's looking to grow its distribution by 3% to 5% annually. The distribution is well covered. Its distributable cash flow (operating cash flow minus maintenance capex) was more than twice its distribution last quarter. In addition to Energy Transfer being in a strong financial position with growing opportunities, the stock is also cheap on both a historical and relative basis, trading at a forward enterprise-value-to-EBITDA multiple of just 8. Between 2011 and 2016 (before the pandemic), midstream MLPs traded at an average multiple of 13.7, and the stock currently trades at a lower valuation than most of its peers. Now, Energy Transfer is not a risk-free investment. The company carries debt, and falling commodity costs and macroeconomic headwinds can take a toll on fossil fuel volumes. However, given its improved contract structure and balance sheet, along with its current growth opportunities, Energy Transfer's stock should provide investors with both an increasing income stream and solid price appreciation potential. That makes it a magnificent stock to buy and hold for the long run. Before you buy stock in Energy Transfer, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Energy Transfer wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,395!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $858,011!* Now, it's worth noting Stock Advisor's total average return is 997% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Geoffrey Seiler has positions in Energy Transfer, Enterprise Products Partners, and Western Midstream Partners. The Motley Fool recommends Enterprise Products Partners. The Motley Fool has a disclosure policy. 1 Magnificent Pipeline Stock Down Nearly 20% to Buy and Hold Forever was originally published by The Motley Fool
