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 (ET -0.42%), Kinder Morgan (KMI 1.58%), and Williams (WMB 2.27%) operate money-printing energy midstream assets. Because of that, they're ideal options for investors seeking to generate passive income. Revving up the money ...

The outlook for the Zacks Oil and Gas - Production and Pipelines industry remains uncertain, although the midstream energy space is less exposed to volatility in oil and gas prices. Conservative 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 unfavorable business environment, midstream players that co ...

Kinder Morgan (KMI) closed the latest trading day at $27.53, indicating a -2.17% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 0.09%.Shares of the oil and natural gas pipeline and storage company witnessed a gain of 3.04% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 5.47% and the S&P 500's gain of 7.21%.The investment community will be closely monitoring the performance of Kinder Morgan in its forthcoming ...

Key Takeaways Oil prices have dropped over 10% in 2025 due to rising OPEC supply and weak demand from China. CNQ, KMI, and TRP offer stable dividends and strong cash flows despite energy market volatility. Large-cap energy firms bring income stability and lower risk during turbulent oil price cycles.Crude oil prices have seen significant swings in 2025, reflecting a complex mix of economic, political and supply-side factors. After starting the year with WTI at $72 a barrel and Brent at around $75, prices ...

Investing in high-yielding dividend stocks has benefits and drawbacks. On the plus side, they pay lucrative dividends, making them an excellent way to generate passive income. However, a negative is that many companies have high-yielding dividends because they have nothing better to do with their free cash flow than funnel it back to shareholders. That's not true with ExxonMobil (XOM 2.42%) or Kinder Morgan (KMI -0.35%). They're also investing heavily in growth projects over the next five years. Because of ...

With the demand for data processing increasing due to the rapid expansion of artificial intelligence (AI) applications, data centers are facing unprecedented energy challenges. Natural gas is emerging as a pivotal solution in the power strategies of these facilities, offering the reliability, scalability and economic viability needed to support continuous and intensive data processing operations.Integrating natural gas with renewable energy sources allows data centers to balance sustainability goals with op ...

股价表现 - 公司近期收盘价为27 95美元 单日跌幅0 85% 表现逊于标普500指数0 56%的跌幅 道指和纳斯达克分别下跌0 58%和0 51% [1] - 过去一个月股价上涨3 6% 表现优于能源行业2 92%的涨幅 但落后于标普500指数7 37%的涨幅 [1] 财务预期 - 即将公布的季度每股收益预计为0 27美元 同比增长8% 营收预计为38 5亿美元 同比增长7 88% [2] - 全年每股收益预期1 26美元 营收预期163 6亿美元 分别同比增长9 57%和8 35% [3] - 分析师近期下调每股收益预期0 79% 当前Zacks评级为3级(持有) [5] 估值指标 - 公司远期市盈率22 34倍 高于行业平均17 32倍 [6] - PEG比率3 24倍 显著高于行业平均2 68倍 [7] 行业状况 - 所属油气生产与管道行业在Zacks行业排名中位列141 处于全部250多个行业的后43%分位 [8] - 行业排名前50%的板块表现通常比后50%高出2倍 [8]

纪要涉及的行业和公司 - 行业：能源行业，具体包括天然气、炼油产品、二氧化碳业务等细分领域 - 公司：Kinder Morgan 纪要提到的核心观点和论据 天然气市场前景 - 核心观点：未来四年美国天然气需求将增长25%，日增长28 BCF，高于市场共识 [5] - 论据：主要增长驱动力为LNG出口，预计日增长15 - 18 BCF，此外还有电力需求、工业需求、住宅商业需求以及对墨西哥的出口等 [7] 公司业务布局与机会 - 核心观点：公司在天然气业务上有大量机会，拥有88亿美元的项目积压，其中90%与天然气相关 [8][9] - 论据：这些项目大多有长期的照付不议合同或服务收费合同支持，确保了稳定的现金流 [9][26] 不同需求驱动因素对业务的影响 - **LNG出口** - 核心观点：每个LNG项目都带来多个机会，公司在连接LNG出口方面有重要作用 [12][15] - 论据：LNG项目在建设和运营过程中，会寻求更具竞争力的天然气价格、多元化的供应和管道容量，从而为公司创造机会 [14] - **电力需求** - 核心观点：电力需求增长是公司业务的重要驱动力，项目积压中有50%与电力相关 [17] - 论据：人口迁移、企业迁移、工业回流、煤炭电厂退役以及数据中心需求等因素共同推动了电力需求的增长 [17][18] 公司对天然气价格的敏感度 - 核心观点：公司更关注天然气需求，对天然气价格的直接商品暴露较小 [24] - 论据：公司EBITDA中64%来自照付不议合同，26%来自服务收费业务，仅有5%有商品暴露，且有多年套期保值计划 [25] 监管环境变化 - 核心观点：联邦监管流程正在改善，有利于项目审批 [33] - 论据：政府撤回了一些增加成本和负担的计划，多个核心办公室发布了新的监管指导，加快了许可证的发放 [33][34] 资本分配策略 - **项目选择标准** - 核心观点：公司内部以无杠杆IRR为标准评估项目，并根据项目风险调整阈值 [44] - 论据：对于有商品暴露的项目，要求更高的IRR；对于有长期照付不议合同的项目，阈值可适当降低 [44] - **不涉足的业务** - 核心观点：公司不会涉足建设发电厂业务 [46] - 论据：过去建设发电厂的经验不佳，存在项目延迟和成本超支的问题 [47][48] - **并购策略** - 核心观点：公司有强烈的并购意愿，但需满足一定标准 [49] - 论据：标准包括符合公司战略、有合理回报以及能在资产负债表指标范围内完成 [49] 其他业务情况 - **炼油产品业务** - 核心观点：炼油产品业务现金流稳定，未来四年或五年将为天然气业务的增长提供资金支持 [60] - 论据：虽然电动汽车的发展对需求有一定影响，但预计长期需求年下降率低于0.5%，且管道有关税通胀调整机制，可实现2 - 3%的价格增长 [58][59] - **二氧化碳业务** - 核心观点：公司的二氧化碳业务是一项现有业务，主要用于提高石油采收率 [62] - 论据：通过向油藏注入二氧化碳，可使石油更容易开采，延长油井的生产寿命 [63][64] 其他重要但可能被忽略的内容 - 公司在近期进行了多项收购，包括Bakken地区的资产、德州州内的管道资产以及东北部的天然气存储设施 [50] - 公司正在探索将AI应用于业务决策，例如预测何时引入减阻剂以降低成本 [52][53] - 公司现有合同的续约率和定价趋势受市场供需和监管因素影响，在未受监管的市场中，续约时可能实现价格上涨或获得更长期的合同 [67][68][69] - 公司的三个大型天然气管道项目分别位于德州州内市场、密西西比州和南卡罗来纳州，总投资约55亿美元，预计将带来超过5 BCF/天的输送能力 [71][72][73][74] - 公司认为目前的股息水平合理，既能维持又能适度增长，现金流约一半用于股息，一半用于扩张性资本支出 [76][77] - 公司目标净债务与EBITDA比率保持在3.5 - 4.5倍之间，目前评级为BBB，S&P给予正面展望 [78][79] - 公司认为主要的成本节约机会在于监管环境的改善，在扩张阶段会严格控制管理费用和人员成本 [85][86]

Due to the nature of midstream business, companies and partnerships in the space have lower exposure to volatility in oil and gas prices. Thus, investors with lower risk appetites and stable income preferences generally favor midstream stocks over upstream companies.  Among the major players in this space, Enterprise Products Partners LP (EPD) and Kinder Morgan, Inc. (KMI) stand out. While Enterprise Products is set to generate additional fee-based earnings from $7.6 billion worth of major capital projects ...

The energy midstream sector has been a great spot for investors to go if they want to make some passive income. Many companies in this sector produce very stable cash flow as oil and gas flow through their pipelines and related midstream assets. That gives them money to pay lucrative dividends and invest in growing their businesses.Enbridge (ENB 0.82%), Enterprise Products Partners (EPD 1.79%), and Kinder Morgan (KMI -0.97%) are among the top options, according to a few Fool.com contributors, for those seek ...