Latest news with #midstream
Yahoo
2 days ago
- Business
- Yahoo
Evers & Sons to Sponsor and Exhibit at the 2025 GPA Midstream Convention
HOUSTON, June 26, 2025--(BUSINESS WIRE)--Evers & Sons Inc. is proud to announce our continued support of the midstream energy sector through our sponsorship and participation in the 2025 GPA Midstream Convention, scheduled for September 21-24 in San Antonio, Texas. As a dedicated member of GPSA, Evers & Sons is honored to support this year's event: Vendor Night Sponsor – Sunday, September 21, from 5pm – 8pm Stop by our booth to meet our team and explore upcoming opportunities and partnerships. Lunch & Learn Sponsor – Tuesday, September 23, from 12pm – 1pm Join us for an insightful presentation by Titan, a leader in process equipment manufacturing and engineering. Full Convention Schedule: Since 1921, the GPA Midstream Association has helped drive progress in the natural gas liquids and midstream sector. By advancing advocacy, setting technical standards, promoting safety, and investing in workforce development, GPA Midstream empowers companies like ours to build and maintain energy infrastructure with excellence. As a recent recipient of GPA Midstream Safety Awards, Evers & Sons is proud to be recognized for our dedication to safe project execution and our commitment to our people and partners. These accolades reflect our core values and ongoing investment in training, field procedures, and continuous improvement across all divisions. We invite all attendees to join us during Vendor Night, and attend Tuesday's Lunch & Learn to connect, collaborate, and celebrate the progress of the midstream industry. About GPA Midstream & GPSA GPA Midstream Association represents the U.S. midstream industry, advocating for sound public policy, developing industry standards, and leading technical research that shapes operations from the wellhead to the market. GPA Midstream is committed to improving safety, efficiency, and environmental performance across the midstream sector. The GPSA is the allied organization of GPA Midstream, composed of equipment suppliers, engineering firms, and service providers. Together, GPA Midstream and GPSA form a powerful partnership focused on technical advancement, education, and collaborative problem-solving across the midstream value chain. About Evers & Sons Inc. A third-generation family-operated firm, Evers & Sons Inc., is at the forefront of oil and gas construction. With comprehensive expertise in pipelines, gas and liquid plants, and fabrication, we offer services ranging from installation to integrity maintenance and even demolition. Rooted in Texas, our commitment to safety and quality has secured master service agreements with the nation's leading energy giants. The information contained in this press release is available on our website at View source version on Contacts For media inquiries, please contact:Stacy Wilkinson, Marketing ManagerEvers & Sons Inc.979-596-2139swilkinson@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
2 days ago
- Business
- Globe and Mail
Is Enbridge Ready to Capitalize on Mounting Clean Energy Demand?
Enbridge Inc. ENB, a leading midstream energy player in North America, has made significant progress in expanding its asset base through disciplined and low-risk investments. In the March quarter of 2025, ENB secured accretive and low-risk projects worth C$3 billion. Thus, while providing affordable energy, the midstream energy giant has ensured stable cash flows. Many of ENB's investments are of a brownfield or utility-like nature. Therefore, these investments mainly involve expanding existing infrastructure or benefiting from regulated frameworks. A key focus for ENB in these investments is to capitalize on the increasing demand for natural gas by utilizing its extensive transportation and storage assets. The growth of data centers, rising exports of liquefied natural gas (LNG) and rapid shifts from coal to gas for power generation are driving up demand for clean energy. Investors should know that apart from aligning with energy demand growth for the long term, Enbridge has also structured these investments to generate stable and predictable cash flows through take-or-pay contracts with investment-grade counterparties. This strategy shows that Enbridge is focused on growing in a safe and steady way without taking big risks. At the same time, ENB is prudent with its finances, ensuring it remains financially strong and stable. Will EPD and WMB Follow in ENB's Footsteps? Enterprise Products Partners LP EPD and The Williams Companies Inc WMB are another two leading midstream energy players and are capitalizing on increasing clean energy demand. Enterprise Products is currently constructing big midstream projects worth $7.6 billion, and the biggest of these, roughly $6 billion worth, are expected to start working in 2025. Notably, a significant portion of this investments is focused on natural gas and associated infrastructure with EPD lining up many of those projects with customers. Coming to WMB's story, Socrates is its standout project, designed to deliver natural gas power to meet the growing demand from data centers. Williams Companies has already locked in a 10-year contract for it, thereby securing predictable income for years ahead. What makes these projects of WMB special is that they're fully contracted even before completion, which lowers financial risk and ensures stable cash flows. ENB's Price Performance, Valuation & Estimates Shares of Enbridge have gained 34.3% over the past year, surpassing the 34.1% rally of the composite stocks belonging to the industry. Image Source: Zacks Investment Research From a valuation standpoint, ENB trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 14.95X. This is above the broader industry average of 13.95X. The Zacks Consensus Estimate for ENB's 2025 earnings hasn't been revised over the past seven days. ENB currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Research Chief Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Williams Companies, Inc. (The) (WMB): Free Stock Analysis Report Enbridge Inc (ENB): Free Stock Analysis Report
Globe and Mail
3 days ago
- Business
- Globe and Mail
Westwood Salient Enhanced Midstream Income ETF (NYSE: MDST) Surpasses $100 Million in Assets, Underscoring Strong Investor Demand
DALLAS, June 25, 2025 (GLOBE NEWSWIRE) -- Westwood Holdings Group (NYSE: WHG), a boutique asset management, trust and wealth services firm, is proud to announce that the Westwood Salient Enhanced Midstream Income ETF (NYSE: MDST) ('MDST' or the 'Fund'). has surpassed $100 million in assets under management. This important milestone comes just over a year after the Fund's launch and validates the differentiated strategy that has resonated with both advisors and investors seeking effective income solutions. Since inception, MDST has consistently delivered on its objective of providing a steady stream of income, with an annualized distribution rate of 10.2%1 (distributed monthly). The Fund's rapid growth and enthusiastic investor engagement highlight the increasing demand for innovative income-generating strategies in today's evolving market environment. MDST offers investors targeted exposure to the midstream energy sector, enhanced by a covered-call strategy that seeks to boost income through options premiums. This approach allows investors to participate in the relative stability and cash flow strength of midstream infrastructure companies, while seeking to benefit from additional yield and potential volatility mitigation. 'Crossing $100 million in assets is a significant milestone that underscores the confidence advisors and investors have placed in MDST,' said Ted Gardner, a senior portfolio manager on Westwood's Energy team. 'Our strategy was built with income investors in mind, and this level of engagement validates our approach. We believe the midstream sector remains a compelling space for yield generation, and our enhanced strategy has helped investors capitalize on strong cash flows while managing risk.' Parag Sanghani, Energy team senior portfolio manager, added, 'We believe MDST's aim to provide consistent distributions, and the innovative combination of dividend income and options premiums have made it a standout solution for those seeking income without excessive risk. Surpassing $100 million in assets demonstrates that our approach is resonating with the market, and we remain committed to delivering attractive, tax-efficient income with a disciplined investment process.' With energy infrastructure playing a pivotal role in global markets, MDST seeks to provide a diversified, liquid and tax-efficient strategy for investors seeking both income and exposure to a resilient asset class without the need to file a K-1. The Fund's structure aligns with Westwood's ongoing commitment to transparency, innovation and investor-focused strategies. Brian Casey, CEO of Westwood Holdings Group, stated, 'We are thrilled to celebrate this milestone for MDST, which not only validates the Fund's strategy but also reflects the trust and engagement of our clients. As our ETF platform continues to grow, we remain focused on delivering outcome-driven investment solutions that meet the evolving needs of investors. We look forward to building on this momentum.' The performance data quoted represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free (800) 994- 0755. NAV Return represents the closing price of underlying securities. Market Return is calculated using the price which investors buy and sell ETF shares in the market. The market returns in the table are based upon the midpoint of the bid/ask spread at 4:00 pm EST, and do not represent the returns you would have received if you traded shares at other times. 1 The Annualized Distribution Rate shown is as of May 29, 2025. The Annualized Distribution Rate is the rate an investor would receive if the most recent distribution, which includes option premium income, remained the same going forward. The Annualized Distribution Rate is calculated by multiplying an ETF's Distribution per Share by twelve (12), and dividing the resulting amount by the ETF's most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. The current month's distribution is 100% return of capital (ROC) for MDST. Distributions may also include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease an ETF's NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These Distribution Rates may be caused by unusually favorable market conditions and may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. The SEC 30-Day Yield represents net investment income earned by the Fund over a 30-day period, expressed as an annual percentage rate based on the Fund's share price at the end of the 30-day period. 30-day SEC yield is a standardized calculation adopted by the SEC based on a 30-day period that helps investors compare funds using a consistent method of calculating yield. The subsidized yield includes the effect of any fee waivers or expense reimbursements, while the unsubsidized yield excludes these cost reductions, showing what the yield would be if the fund had to cover all expenses from its own income. An Options Premium is the price paid to purchase an option contract. A Covered Call Option is a financial contract that gives the holder the right, but not the obligation, to buy a specific asset at a predetermined price (strike price) within a specified time period. Dividend Yield is a dividend expressed as a percentage of a current share price. For more information on the Westwood Salient Enhanced Midstream Income ETF and other investment solutions offered by Westwood, please visit ABOUT WESTWOOD HOLDINGS GROUP, INC. Westwood Holdings Group, Inc. (NYSE: WHG) is a boutique asset management firm that offers a diverse array of actively-managed and outcome-oriented investment strategies, along with white-glove trust and wealth services, to institutional, intermediary and private wealth clients. For over 40 years, Westwood's client-first approach has fostered strong, long-term client relationships due to our unwavering commitment to delivering bespoke investment strategies with a vehicle-optimized approach, exceptional counsel and unparalleled client service. Our flexible and agile approach to investing allows us to adapt to constantly changing markets, while continually seeking innovative strategies that meet our investors' short and long-term needs. Our team at Westwood comes from varied backgrounds and life experiences, which reflects our origins as a woman-founded firm. We are committed to incorporating diverse insights and knowledge into all aspects of our services and solutions. Our culture and approach to our business reflect our core values—integrity, reliability, responsiveness, adaptability, flexibility and collaboration—and underpin our constant pursuit of excellence. For more information on Westwood, please visit . Westwood ETFs are distributed by Northern Lights Distributors, LLC (Member FINRA). Northern Lights Distributors and Westwood ETFs (or Westwood Holdings Group, Inc.) are separate and unaffiliated. To determine if these Funds are an appropriate investment for you, carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and other information can be found in the Fund prospectus, which may be obtained by calling 800.994.0755. Please read the prospectus carefully before investing. The Fund's investments are concentrated in the energy infrastructure industry with an emphasis on securities issued by MLPs, which may increase price fluctuation. The value of commodity-linked investments such as the MLPs and energy infrastructure companies (including midstream MLPs and energy infrastructure companies) in which the Fund invests are subject to risks specific to the industry they serve, such as fluctuations in commodity prices, reduced volumes of available natural gas or other energy commodities, slowdowns in new construction and acquisitions, a sustained reduced demand for crude oil, natural gas and refined petroleum products, depletion of the natural gas reserves or other commodities, changes in the macroeconomic or regulatory environment, environmental hazards, rising interest rates and threats of attack by terrorists on energy assets, each of which could affect the Fund's profitability. Covered Call Strategy Risk: This risk arises when an investor holds a long position in a stock and simultaneously sells a call option against it. While this strategy can generate income, it limits potential upside gains if the stock price rises significantly above the strike price of the option. Options Risk/Flex Options Risk: This refers to the inherent risks associated with trading options, such as the risk of losing the entire premium paid for an option if it expires out-of-the-money. Flex options risk is a specific type of options risk that arises from the flexibility of flex options, which can be adjusted or exercised under certain conditions. MLPs are subject to significant regulation and may be adversely affected by changes in the regulatory environment including the risk that an MLP could lose its tax status as a partnership. If an MLP were to be obligated to pay federal income tax on its income at the corporate tax rate, the amount of cash available for distribution would be reduced and such distributions received by the Fund would be taxed under federal income tax laws applicable to corporate dividends received (as dividend income, return of capital or capital gain). Investing in MLPs involves additional risks as compared to the risks of investing in common stock, including risks related to cash flow, dilution and voting rights. Such companies may trade less frequently than larger companies due to their smaller capitalizations, which may result in erratic price movement or difficulty in buying or selling. Additional management fees and other expenses are associated with investing in MLP funds. The tax benefits received by an investor investing in the Fund differs from that of a direct investment in an MLP by an investor. This document does not constitute an offering of any security, product, service or fund, including the Fund, for which an offer can be made only by the Fund's prospectus. No fund is a complete investment program and you may lose money investing in a fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description. No investment strategy or process can guarantee performance results. Diversification does not ensure a profit or guarantee against loss. There is no guarantee that the Fund's underlying investments will continue to pay dividends. Investing involves risk, including loss of principal. The value of the portfolio will fluctuate with the value of the underlying securities. ETFs trade like a stock, and there will be brokerage commissions associated with buying and selling exchange traded funds unless trading occurs in a fee-based account. ETFs may trade for less than their net asset value. Investing in ETFs may not be suitable for all investors. Westwood ETFs does not provide tax advice. Please consult your tax advisor before making any decisions or taking any action based on this information. K-1: A tax document issued by pass-through entities (partnerships, LLCs, S corporations) that reports an investor's share of income, losses, deductions, and credits. K-1 investments typically involve more complex tax reporting than traditional securities and may require professional tax preparation assistance. Midstream energy/midstream infrastructure companies are involved in the transportation, storage, and processing of oil, natural gas, and natural gas liquids.
Globe and Mail
4 days ago
- Business
- Globe and Mail
Can Fee-Based Contracts Continue to Boost ET Stock's Performance?
Energy Transfer LP ET, a U.S. midstream operator, benefits significantly from its reliance on fee-based contracts across the diversified asset portfolio. These contracts, which form the backbone of its revenue model, ensure consistent cash flows by charging customers fixed fees for transporting, storing and processing energy commodities. This approach effectively shields Energy Transfer from commodity price volatility, enabling it to deliver stable earnings even during market downturns. Energy Transfer generates nearly 90% of its earnings from fee-based contracts and 10% from commodity and spread exposure. The company has a well-balanced asset mix that provides strong earnings support. Energy Transfer has 130,000 miles of pipelines and associated energy infrastructure in 44 states to transport oil and gas products from basins like the Permian, Eagle Ford and Marcellus. Widespread assets enhance its ability to lock in long-term agreements with producers and refiners. ET's assets are located to serve high-demand regions, making it a preferred partner for energy logistics. Fee-based arrangements improve visibility into future revenues, supporting disciplined capital allocation and long-term planning. Stable cash flow from these contracts directly supports Energy Transfer's strong distribution policy and debt reduction efforts. By generating predictable earnings, Energy Transfer maintains a solid credit profile, which in turn lowers financing costs and enhances its ability to reinvest in growth projects. This financial stability acts as a tailwind for the firm's performance. Energy Transfer's fee-based business model provides a resilient foundation for growth, allowing it to navigate industry cycles while delivering consistent returns to investors. Midstream Operators Gain From Fee-Based Contracts Midstream firms, leverage fee-based contracts to generate stable, predictable revenues regardless of commodity price swings. The fee-based structure protects these firms from direct exposure to market volatility, allowing them to focus on operational efficiency and capital discipline. Enterprise Products Partners EPD, with one of the largest integrated NGL systems in the United States, relies heavily on fee-based income to maintain strong distributable cash flow and fund infrastructure expansions. Similarly, Kinder Morgan KMI derives the bulk of its earnings from take-or-pay and fixed-fee contracts, which support high dividend payouts and ongoing deleveraging efforts. ET's Earnings Estimates Moving Up The Zacks Consensus Estimate for Energy Transfer's 2025 and 2026 earnings per unit indicates an increase of 2.86% and 4.26%, respectively, in the past 60 days. ET's Price Performance Units of Energy Transfer have risen 10.2% in the past year compared with the Zacks Oil and Gas - Production Pipeline - MLB industry's growth of 6%. ET's Units Are Trading at a Discount Energy Transfer units are somewhat inexpensive relative to the industry. ET's current trailing 12-month Enterprise Value/Earnings before Interest, Tax, Depreciation and Amortization (EV/EBITDA) TTM is 10.17X compared with the industry average of 11.39X. This indicates that the firm is presently undervalued compared with its industry. ET's Zacks Rank Energy Transfer currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kinder Morgan, Inc. (KMI): Free Stock Analysis Report Energy Transfer LP (ET): Free Stock Analysis Report
Yahoo
6 days ago
- Business
- Yahoo
These Energy Dividend Stocks Print Money
Fee-based arrangements support 90% of Energy Transfer's earnings. Kinder Morgan gets about 95% of its earnings from stable sources. Williams receives roughly 91% of its earnings from predictable contracts. 10 stocks we like better than Energy Transfer › Cash flows across the energy sector tend to be more variable due to commodity price volatility. However, some energy stocks just print money because their business models have minimal direct exposure to commodity prices. That gives them the cash to pay lucrative dividends. Energy Transfer (NYSE: ET), Kinder Morgan (NYSE: KMI), and Williams (NYSE: WMB) operate money-printing energy midstream assets. Because of that, they're ideal options for investors seeking to generate passive income. Energy Transfer operates a nationwide footprint of crucial midstream assets. Its more than 130,000-mile pipeline network moves oil, natural gas, and other commodities from production basins to market centers in the U.S. and beyond through its export terminals. Fee-based contracts and government-regulated rate structures support 90% of its earnings. Because of that, the master limited partnership (MLP) prints cash. The midstream giant generated more than $2.3 billion in distributable cash flow during the first quarter and distributed about $1.1 billion of that money to investors. Energy Transfer used its retained cash flow to invest in expansion projects ($945 million of growth capital spending) and maintain its strong balance sheet. The MLP is investing heavily to expand its already massive midstream footprint. It's spending $5 billion on growth projects this year, which are expected to come online through the end of next year. That should drive a meaningful uptick in its stable cash flows in 2026 and 2027. Energy Transfer's growing sources of stable cash flow should enable the MLP to continue increasing its distribution. It's aiming to raise its more than 7%-yielding payout by 3% to 5% per year. Kinder Morgan owns an irreplaceable energy infrastructure portfolio. It operates one of the largest natural gas pipeline networks in the country and is a leader in handling refined petroleum products and transporting carbon dioxide. Take-or-pay contracts, which entitled Kinder Morgan to payment regardless of volumes or prices, back 64% of the company's cash flow. Meanwhile, hedging contracts that guarantee prices lock in another 5% of its cash flow. Kinder Morgan also gets 26% of its earnings from fee-based sources, most of which have minimal exposure to volume fluctuations. As a result, the company's assets pump out a lot of stable cash flow each quarter. Kinder Morgan generated $1.2 billion in cash flow from operations during the first quarter, covering its dividend outlay of $642 million by roughly 2 times. That enabled it to retain meaningful excess free cash flow to fund expansion projects. The pipeline giant currently has $8.8 billion worth of expansion projects under construction, which are expected to enter commercial service through 2030. They will grow the company's sources of stable cash flow, which should enable it to continue increasing its more than 4%-yielding dividend. Williams operates one of the country's largest natural gas infrastructure platforms. It owns key interstate pipelines (including the Transco system that supplies gas to major markets along the East Coast). It also has gathering and processing (G&P) operations in key production basins, as well as other related infrastructure. Highly regulated transmission and deepwater assets account for 48% of Williams' cash flow, giving it a very stable foundation. Meanwhile, fee-based G&P assets supply it with another 43% of its cash flow. Williams also layers in hedges to backstop its more price-sensitive assets. The gas infrastructure company generated nearly $1.5 billion in available funds from operations during the first quarter. That covered its more than 3%-yielding dividend by a super comfy 2.4 times. Williams' lower dividend payout ratio enabled it to retain lots of cash to fund expansion projects and maintain its financial flexibility. Williams is working on a huge slate of growth projects. It has several projects underway to expand Transco and its other gas transmission pipelines, and it's connecting new deepwater projects in the Gulf to its infrastructure. Williams is also building a natural gas power plant to support the rising power demand of AI data centers. These projects will fuel cash-flow growth through 2030, giving Williams more power to increase its dividend. Energy midstream companies like Energy Transfer, Kinder Morgan, and Williams primarily operate fee-based assets that print cash. Because of that, these energy infrastructure companies can pay attractive and growing dividends. That makes them ideal options for investors seeking stable and steadily rising passive income streams. 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 $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $881,731!* Now, it's worth noting Stock Advisor's total average return is 994% — 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 9, 2025 Matt DiLallo has positions in Energy Transfer and Kinder Morgan. The Motley Fool has positions in and recommends Kinder Morgan. The Motley Fool has a disclosure policy. These Energy Dividend Stocks Print Money was originally published by The Motley Fool Sign in to access your portfolio
