NextEra to Sell Gas Pipeline Assets
NextEra Energy Partners (NEP) plans to divest its natural pipeline assets and transform into a 100% pure-play renewables investment.
Equity
Exports, Marketing Drive a Big 1Q23 Beat for Targa
Midstream is a complex profit machine, a reality underscored by Targa Resources (TRGP) big 1Q23 beat. TRGP reported 8% above…
East Daley Calls a Strong Quarter for Enterprise
Enterprise Products (EPD) reported strong results for 1Q23, beating the Street consensus by $60MM and nearly matching East Daley’s forecast.
Energy Transfer Flexes Dry Powder in Lotus Midstream Acquisition
Energy Transfer (ET) plans to acquire Lotus Midstream for $1.45B ($900MM cash), raising the midstream giant’s profile in Permian crude…
No Such Thing as the Perfect Hedge
Targa Resources reported in-line 4Q22 earnings and guided to 2023 volume growth consistent with East Daley’s Blueprint forecast.
EnLink Adds Tall Oak System to Meet STACK Growth
EnLink Midstream (ENLC) has acquired G&P assets in central Oklahoma to address a looming processing constraint.
Lower Gas Prices Dampen Energy Transfer Outlook
Energy Transfer (ET) beat East Daley and consensus expectations, but 2023 guidance came in well below our forecast. East Daley…
Arrow Points Up for Crestwood
The outlook is bright for Crestwood Equity (CEQP) despite some bumps in the road this winter.
East Daley Knows Plains
East Daley hit the nail on the head ahead of Plains All American’s 4Q22 earnings, matching reported Adj. EBITDA of…
Raising Targa Outlook on Solid Midland Data
East Daley raised our 4Q22 earnings outlook for Targa Resources (TRGP) following new data showing strong performance on assets in…