COP
2nd
Conocophillips
$150.42Bn
125.21
-0.18%
+32.37%
The company maintains global liquefied natural gas (LNG) developments and earns income from long-term contracts for LNG offtake, which involves the processing and commercialization of liquefied natural gas.
MPC
2nd
Marathon Petroleum
$111.10Bn
395.61
+0.92%
+105.26%
The company operates a Midstream segment that gathers, transports, and stores crude oil and refined products via pipelines, terminals, towboats, and barges, primarily through its interest in MPLX.
ENB
Enbridge
$101.53Bn
46.49
-0.34%
-7.87%
Enbridge's largest and most prominent business is its Liquids Pipelines system, which transports and stores crude oil and liquid hydrocarbons for shippers. It also operates extensive natural gas transmission pipelines and storage facilities that generate fee-based volumetric tariffs and capacity reservations.
CNQ
2nd
Canadian Natural Resources
$97.96Bn
47.06
-0.23%
+47.25%
The company owns and operates midstream assets, including two operated pipeline systems used for the transportation and processing of its heavy crude and bitumen volumes.
WMB
Williams Companies
$82.89Bn
68.00
-0.93%
+7.34%
Williams Companies operates extensive interstate natural gas pipelines such as Transco, Northwest Pipeline, and MountainWest, as well as related storage facilities. Its primary revenue is generated from service fees for the transportation and storage of natural gas.
EPD
Enterprise Products Partners
$76.92Bn
35.62
-1.11%
+13.91%
Enterprise Products Partners operates an extensive network of pipelines, storage terminals, and marine terminals for crude oil, natural gas, and NGLs. It generates significant revenue from fee-based volumetric tariffs and capacity reservations through assets like the Seaway Pipeline and the Texas Intrastate System.
EOG
2nd
Eog Resources
$72.25Bn
137.75
-1.39%
+22.86%
The company earns gathering, processing, and marketing revenues from third party hydrocarbons, providing midstream services to other producers.
ET
Energy Transfer
$67.97Bn
19.74
-0.85%
+15.03%
Energy Transfer operates an extensive network of over 12,200 miles of intrastate and 20,090 miles of interstate natural gas pipelines, as well as 18,000 miles of crude oil pipelines. Its primary revenue is generated from fee-based volumetric tariffs, demand fees for reserved capacity, and storage throughput fees.
KMI
Kinder Morgan
$67.10Bn
30.16
-0.98%
+6.53%
Kinder Morgan owns and operates an extensive network of pipelines and terminals for the transportation and storage of natural gas, refined petroleum products, and crude oil. Its revenue is primarily generated through fee-based transportation and storage services for these energy commodities.
TRP
Tc Energy
$60.19Bn
57.83
-0.76%
+6.29%
TC Energy's core business is the ownership and operation of extensive natural gas pipeline networks across Canada, the U.S., and Mexico, including the NGTL System. It generates revenue through rate-regulated tolls and long-term commercial arrangements for the transportation and storage of natural gas.
TRGP
Targa Resources
$57.97Bn
270.35
-1.16%
+61.36%
Targa Resources operates a diversified portfolio of midstream infrastructure, including pipelines, gathering systems, and storage terminals for crude oil, natural gas, and NGLs. It generates significant revenue from transportation tariffs and storage fees, serving customers like Exxon Mobil and Enbridge.
MPLX
Mplx
$57.16Bn
56.38
-1.14%
+12.87%
MPLX LP owns and operates a vast network of 14,853 miles of crude oil and refined product pipelines, as well as 88 terminals and storage caverns. Its primary revenue is generated through fee-based volumetric tariffs for gathering, transporting, and storing these energy commodities.
LNG
Cheniere Energy
$55.61Bn
269.27
+0.75%
+14.59%
Cheniere Energy owns and operates the Sabine Pass and Corpus Christi LNG terminals, focusing on the liquefaction, storage, and sale of liquefied natural gas. Its revenue is primarily derived from long-term sale and purchase agreements for LNG and regasification services.
OXY
2nd
Occidental Petroleum
$55.30Bn
55.32
+0.69%
+17.08%
The company operates an extensive midstream network of pipelines, storage facilities, and gathering systems primarily in the Permian Basin and Rocky Mountain regions.
BKR
2nd
Baker Hughes
$54.50Bn
54.90
-1.82%
+12.68%
The Industrial & Energy Technology segment provides specialized equipment and services for liquefied natural gas (LNG) plants and gas processing applications.
OKE
Oneok
$53.75Bn
85.27
-1.85%
+16.86%
ONEOK operates a massive 60,000-mile pipeline network for the transportation and storage of natural gas, NGLs, refined products, and crude oil. Its revenue is primarily fee-based, derived from contractual tariffs for moving and storing energy commodities for producers, utilities, and exporters.
DVN
2nd
Devon Energy
$50.65Bn
46.05
-1.18%
+31.35%
The company engages in midstream activities, specifically mentioning the operation of assets such as Cotton Draw Midstream to support its hydrocarbon movement.
WDS
2nd
Woodside Energy
$42.13Bn
22.16
+2.17%
+47.24%
The company is a significant global supplier of liquefied natural gas (LNG) and earns specific income from processing and marketing services associated with its LNG facilities.
SRE
2nd
Sempra
$37.41Bn
77.96
-0.32%
-13.36%
Through Sempra Infrastructure, the company operates natural gas liquefaction and terminal projects, including the Cameron LNG Joint Venture and Port Arthur LNG projects.
VG
Venture Global
$31.49Bn
12.65
+0.88%
-10.85%
Venture Global's core business is the operation of LNG export facilities, specifically utilizing liquefaction trains to process natural gas into LNG for global sale. The company generates revenue from liquefaction fees and the sale of LNG through projects like Calcasieu and Plaquemines.
EQT
2nd
Eqt
$30.37Bn
48.55
-0.72%
-10.80%
The company operates a Transmission segment with approximately 950 miles of pipelines and underground storage facilities, providing transportation and storage services to third-party customers under negotiated rate agreements.
CQP
Cheniere Energy Partners
$29.44Bn
60.82
-0.02%
+13.01%
The company owns and operates the Sabine Pass LNG Terminal, focusing on the liquefaction and export of natural gas. Its primary revenue is generated through long-term sale and purchase agreements for the liquefaction and regasification of natural gas.
PBA
Pembina Pipeline
$25.92Bn
44.60
+0.11%
+10.23%
Pembina operates a massive integrated network of pipelines, gathering systems, and storage terminals for crude oil, condensate, natural gas, and NGLs. Its Pipelines Division earns revenue through fee-based transportation and storage services, managing 3.0 mmboe/d of pipeline capacity.
L
2nd
Loews
$21.35Bn
104.43
-1.41%
+4.02%
The company owns Boardwalk Pipeline Partners LP, which operates approximately 14,000 miles of pipelines and storage caverns to transport and store natural gas, NGLs, and olefins for a fee.
YPF
2nd
Ypf Sociedad Anonima
$19.70Bn
50.10
-0.46%
+106.26%
The company operates an LNG regasification terminal in Escobar and develops LNG liquefaction capacity, earning revenue from regasification services and NGL fractionation through the Mega joint venture.
TGS
Gas Transporter Of The South
$19.56Bn
25.99
+0.89%
+23.59%
The company's primary business is the provision of natural gas transportation services via its southern pipeline network in Argentina. It generates the majority of its revenue from long-term firm contracts for moving gas to distributors, power plants, and industrial facilities.
DINO
2nd
HF Sinclair
$19.09Bn
107.37
+1.68%
+105.14%
The company operates a Midstream segment providing crude oil and petroleum product transportation, terminalling, storage, and throughput services via pipelines and loading racks.
PAA
Plains All American Pipeline
$16.74Bn
23.72
-0.88%
+39.04%
The company owns and operates an extensive network of pipeline infrastructure, storage facilities, and terminal assets for crude oil and NGLs. It generates significant revenue from fee-based volumetric tariffs, pipeline capacity agreements, and storage leases charged to third-party customers.
OVV
2nd
Ovintiv
$15.99Bn
57.82
-1.72%
+43.19%
The company generates service revenues, totaling $21 million, from third-party gathering and processing fees, which constitutes a midstream infrastructure activity.
DTM
DT Midstream
$12.19Bn
119.47
-1.80%
+5.67%
DT Midstream's primary revenue is generated through fee-based services for natural gas transportation and storage via its Pipeline segment, which includes interstate and intrastate pipelines and underground storage facilities.
AR
2nd
Antero Resources
$10.31Bn
33.40
-0.45%
-0.48%
The company operates a midstream segment through Antero Midstream that provides gathering, compression, water handling, and transportation services for a fee.
SUN
2nd
Sunoco
$9.98Bn
72.92
+0.30%
+45.81%
The company operates a Pipeline Systems segment with over 14,000 miles of pipeline and 160 terminals, earning fee-based revenue from the transportation and storage of crude oil, refined products, and ammonia.
WES
Western Midstream Partners
$9.71Bn
44.36
-1.22%
+12.90%
Western Midstream Partners operates a vast network of gathering systems, intrastate and interstate pipelines, and produced water pipelines. Its revenue is primarily derived from fee-based volumetric tariffs for the transportation and storage of natural gas and produced water.
AM
Antero Midstream
$9.57Bn
20.16
-0.44%
+3.70%
Antero Midstream owns and operates a network of gathering pipelines, compressor stations, and water handling systems. Its primary revenue is derived from fixed fee contracts for gathering, compression, and transporting produced water for Antero Resources and other operators.
PBF
2nd
PBF Energy
$9.19Bn
76.99
+2.34%
+155.19%
The company's Logistics segment, PBFX, owns and operates terminals, pipelines, and storage facilities, earning fee-based revenue for the gathering, handling, and transfer of crude oil and refined products for third-party clients.
KNTK
Kinetik Holdings
$8.15Bn
50.22
-1.84%
+17.50%
Kinetik Holdings operates midstream infrastructure for gathering, transmission, and storage of natural gas, NGLs, and condensate. It generates service revenue from fees earned from gas gathering and transportation activities provided to producers and third party operators.
UGP
2nd
Ultrapar Holdings
$7.82Bn
7.32
-0.27%
+78.54%
The Ultracargo segment operates as a liquid bulk storage provider, managing nine terminals for the storage and handling of fuels, chemicals, and vegetable oils for third-party clients.
UGI
2nd
Ugi
$7.65Bn
35.67
-1.30%
+7.25%
The Midstream & Marketing segment owns and operates natural gas storage fields and transportation pipelines that serve wholesale markets, generating fee-based revenue.
NFG
2nd
National Fuel Gas
$7.21Bn
75.88
-1.61%
-17.85%
The Pipeline and Storage segment, comprising National Fuel Gas Supply Corporation and Empire Pipeline Inc, provides interstate natural gas transportation and storage services to affiliated and non-affiliated customers.
SOBO
South Bow
$6.90Bn
33.14
-0.30%
+17.14%
South Bow owns and operates the Keystone Pipeline System and other regional pipelines, generating revenue through long-term committed transportation arrangements and fixed monthly payments for pipeline capacity. Its core business is moving crude oil and natural gas for shippers, including refiners and producers, which aligns directly with the E-04 description of midstream infrastructure and fee-based volumetric tariffs.
VIST
2nd
Vista Energy, S.A.B. de C.V
$6.82Bn
65.39
-1.98%
+90.09%
The company manages associated midstream infrastructure for transportation and export and earns income from transportation capacity contracts.
MTDR
2nd
Matador Resources
$6.40Bn
51.58
+1.76%
+14.80%
Through its San Mateo joint venture, the company operates midstream infrastructure including 340 miles of natural gas gathering pipelines and 120 miles of oil gathering and transportation pipelines, serving both its own wells and third-party customers.
AROC
Archrock
$5.31Bn
30.29
+1.03%
+15.13%
Archrock operates a fleet of natural gas compression units that enable the production, processing, transportation, and storage of natural gas. Its primary revenue comes from contract operations where it provides this midstream infrastructure to gatherers and transporters for a fixed monthly fee.
NJR
2nd
New Jersey Resources
$5.13Bn
50.60
-0.49%
+5.09%
The company invests in and operates FERC regulated natural gas storage and transportation assets, such as the Leaf River salt dome facility and the Adelphia pipeline, earning tariff-based revenues.
PAGP
Plains Gp Holdings
$5.13Bn
25.90
-0.88%
+42.00%
Plains GP Holdings operates an extensive midstream network of over 18,000 miles of pipelines and 75 million barrels of storage capacity. Its revenue is primarily derived from fee-based tariffs, pipeline capacity agreements, and storage or terminalling contracts for crude oil and NGLs.
GLNG
Golar Lng
$4.81Bn
47.52
-1.47%
+17.59%
Golar LNG's core business is the liquefaction of natural gas through its floating liquefied natural gas (FLNG) units. It generates revenue from liquefaction services and capacity payments from customers like BP and Perenco, which fits the description of operating LNG infrastructure and processing plants.
HESM
Hess Midstream
$4.80Bn
37.36
-0.74%
+8.13%
Hess Midstream owns and operates a vast network of crude oil and natural gas gathering pipelines, storage terminals, and export infrastructure. Its revenue is primarily derived from fee-based volumetric tariffs for gathering, terminaling, loading, and transportation of hydrocarbons.
CNX
2nd
CNX Resources
$4.65Bn
31.17
-0.10%
-2.96%
The company earns revenue from providing natural gas gathering and compression services to third-party producers in the Appalachian Basin, which constitutes a midstream infrastructure activity.
DK
2nd
Delek US Holdings
$4.37Bn
71.40
+3.98%
+121.26%
The company's Logistics segment earns fees from gathering, transporting, and storing crude oil and natural gas, as well as providing terminal and storage services for refined products.
CNR
2nd
Core Natural Resources
$4.28Bn
85.77
-0.89%
+2.74%
The company owns and operates midstream logistics infrastructure, including full ownership of the Core Marine Terminal and a 35% interest in the Dominion Terminal, to facilitate the transport and export of its energy commodities.
CRGY
2nd
Crescent Energy
$4.26Bn
12.88
-0.16%
+44.39%
Crescent owns a 12.0% interest in the Springfield Gathering System, which provides fee-based oil and natural gas gathering and transportation services to its own operations and third-party customers.
PAM
2nd
Pampa Energy
$4.23Bn
77.75
+0.97%
+29.45%
The company earns income from transmission fees and gas storage capacities, and recognizes revenue when natural gas is transported through pipeline networks.
PARR
2nd
Par Pacific Holdings
$4.09Bn
81.65
+4.23%
+130.52%
The company maintains a logistics segment that provides terminal storage, transportation, and related services for crude oil and refined products, earning third-party fees.
MDU
2nd
Mdu Resources
$3.90Bn
18.55
-0.70%
+4.15%
The Pipeline segment provides natural gas transportation and underground storage services to local distribution companies, producers, and industrial customers, which are midstream activities.
SUNC
2nd
SunocoCorp
$3.77Bn
73.16
+0.07%
—
The company owns and operates a substantial pipeline system for crude, refined products, and ammonia, as well as storage terminals that provide throughput services for third-party customers.
EE
Excelerate Energy
$3.76Bn
32.12
-0.28%
+27.51%
Excelerate Energy owns and operates floating and onshore regasification terminals that convert LNG back into natural gas. Its core revenue is derived from long-term take-or-pay contracts for these regasification services and the sale of LNG and natural gas.
CRK
2nd
Comstock Resources
$3.61Bn
12.31
-1.68%
-37.92%
The company operates a Gas Services segment that involves the purchase and resale of natural gas specifically to utilize and optimize its excess transportation capacity, which is a midstream logistics activity.
WBI
WaterBridge Infrastructure
$3.47Bn
28.14
-0.92%
+11.58%
WaterBridge operates an integrated network of pipelines and handling facilities to gather, transport, and store produced water for oil and gas producers. Its primary revenue is generated through fee-based volumetric tariffs for transporting and handling these energy-related commodities.
CPK
2nd
Chesapeake Utilities
$3.10Bn
128.49
+0.27%
-4.60%
The company operates natural gas transmission infrastructure, including the Peninsula Pipeline, and earns revenue from transmission fees and transportation services.
DKL
Delek Logistics Partners
$2.83Bn
53.25
+0.00%
+16.93%
The company's core business is the operation of midstream infrastructure, including crude oil gathering systems, pipeline transportation, and storage terminals. It generates revenue through fee-based contracts, volumetric tariffs, and capacity reservations for moving and storing hydrocarbons.
WTTR
2nd
Select Water Solutions
$2.51Bn
19.79
+2.27%
+85.13%
The company owns and operates midstream water infrastructure, including pipelines, storage facilities, and saltwater disposal wells, earning revenue through long-term contracts for these assets.
SR
2nd
Spire
$2.50Bn
76.14
-0.78%
-6.60%
The company's Midstream segment owns and operates FERC-regulated infrastructure, including the Spire STL and Spire MoGas pipelines and storage facilities in Wyoming and Oklahoma, earning revenue from transportation and storage.
BKV
2nd
Bkv
$2.34Bn
21.35
-1.29%
-7.70%
The Natural Gas Midstream segment owns and operates gathering pipelines, compression assets, and dehydration services for its own wells and third-party producers.
AMR
2nd
Alpha Metallurgical Resources
$2.13Bn
168.26
+1.37%
+2.54%
The company holds a 65% interest in the Dominion Terminal Associates export terminal, which provides storage of approximately 1,700,000 tons and loading capacity for energy commodities.
NGL
NGL Energy Partners
$1.85Bn
14.82
+0.07%
+147.00%
The company operates extensive midstream infrastructure, including owned and leased pipelines, storage terminals, and rail facilities for crude oil and liquid hydrocarbons. It generates revenue through fee-based volumetric tariffs, storage terminaling, and capacity reservations from upstream and downstream customers.
MNR
2nd
Mach Natural Resources
$1.71Bn
10.23
+0.20%
-22.38%
The company owns and operates midstream gathering systems and water infrastructure, generating fee-based revenue from third-party operators.
NEXT
NextDecade
$1.68Bn
6.35
+0.16%
-6.48%
NextDecade's core business is the development and operation of the Rio Grande LNG Facility, which is designed to liquefy natural gas for export. The company generates revenue through long-term Sale and Purchase Agreements for the sale of liquefied natural gas (LNG).
GEL
Genesis Energy
$1.68Bn
13.74
-0.43%
-17.77%
Genesis Energy operates a diverse portfolio of midstream infrastructure, including pipelines, storage tanks, terminals, and railcars, earning revenue through fee-based volumetric tariffs and capacity reservations. Its core business is the transportation and storage of crude oil and natural gas for producers and refiners.
GLP
2nd
Global Partners
$1.57Bn
46.30
-0.41%
-3.54%
The company maintains a vast terminal network with connectivity to rail, pipeline, and marine assets used for the gathering, storing, and transporting of crude oil and refined products.
HOS
2nd
Hornbeck Offshore Services
$1.13Bn
7.70
-0.26%
+17.38%
The company operates the HP I floating production vessel, which is capable of processing 45,000 barrels of oil and 80,000,000 cubic feet of gas per day.
TXO
2nd
TXO Partners
$754.07Mn
13.60
-3.61%
-3.20%
The company generates ancillary income from the operation of gas processing plants located in the Permian Basin and Colorado.
NUAI
2nd
New ERA Energy & Digital
$715.62Mn
6.72
-0.59%
+265.22%
The company owns and will operate the Pecos Slope Plant, a processing facility designed to independently process helium and natural gas. It has entered into contingent agreements to supply helium to customers such as Air Life Gases USA, Inc. and Matheson Tri-Gas, Inc.
SMC
Summit Midstream
$613.89Mn
30.23
+0.40%
+47.18%
Summit Midstream owns and operates gathering systems, compression, and transmission assets, including the Double E Pipeline, where it earns transportation fees. Its core business involves moving crude oil, natural gas, and produced water from well pads to downstream pipelines and rail terminals for a fee.
SOC
2nd
Sable Offshore
$533.14Mn
3.45
+1.47%
-80.24%
The company owns and operates the Santa Ynez Pipeline System, including Pipeline Segments 324 and 325, to transport crude oil from offshore platforms to onshore terminals.
RNGR
2nd
Ranger Energy Services
$359.45Mn
15.17
+0.80%
+8.05%
The company provides processing solutions including mechanical refrigeration units and NGL stabilizer and storage equipment to process raw natural gas and liquids.
RGCO
2nd
Rgc Resources
$221.60Mn
21.27
-1.21%
-5.21%
The company operates a Midstream segment that holds a material equity investment in Mountain Valley Pipeline, LLC, which is specifically created to construct and operate interstate natural gas pipelines.
EPSN
2nd
Epsilon Energy
$175.44Mn
5.80
+0.00%
+15.08%
The company earns gathering fees through its 35 percent interest in the Auburn Gas Gathering System, which collects fees from third party shippers to move gas.
AMPY
2nd
Amplify Energy
$174.24Mn
4.22
+1.69%
-19.62%
The company manages associated midstream infrastructure, specifically the San Pedro Bay Pipeline, to transport its produced hydrocarbons.
SLNG
Stabilis Solutions
$91.31Mn
4.91
-1.21%
+12.61%
Stabilis Solutions' core business is the production, storage, and delivery of liquefied natural gas (LNG) to various end markets. The company generates its primary revenue from LNG Product revenue, which includes the sale and transportation of the LNG molecule.
MMLP
Martin Midstream Partners
$86.86Mn
2.22
+0.91%
-27.45%
The company's primary business involves operating midstream infrastructure, including shore-based terminals, underground storage, and terminalling services for petroleum products. It generates significant revenue from throughput fees, reservation fees, and surcharge revenues associated with these assets.
LSE
2nd
Leishen Energy Holding
$82.06Mn
4.82
-4.93%
-10.74%
The company is engaged in the production, storage, and transportation of LNG and CNG, and offers turnkey LNG liquefaction plants and CNG refueling stations.
NFE
New Fortress Energy
$35.81Mn
6.27
+3.13%
+183.71%
The company's core business involves the liquefaction, shipping, and regasification of LNG, utilizing its proprietary Fast LNG technology to produce LNG for its own terminals and third-party customers. It operates a full value chain from natural gas procurement and liquefaction to regasification terminals in Puerto Rico, Mexico, and Brazil.
SPND
2nd
Spindletop Oil & Gas
$30.75Mn
4.66
+0.00%
+60.14%
Through its subsidiary Prairie Pipeline Co (PPC), the company owns and operates gathering lines in the Fort Worth Basin and earns fees for gathering and transporting natural gas.
ILUS
2nd
Ilustrato Pictures International
$0.00
0.00
—
—
The company earns revenue from LPG centralized pipeline engineering and distribution services in the United Arab Emirates via its majority-owned subsidiary Al Shola Gas.