ENB
Enbridge
$112.24 Bn
51.39
+1.60%
+10.11%
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.
EP-PC
Kinder Morgan
$112.20 Bn
50.43
-0.43%
+2.40%
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.
CNQ
2nd
Canadian Natural Resources
$103.39 Bn
49.60
+0.67%
+66.61%
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.
MPC
2nd
Marathon Petroleum
$102.91 Bn
366.46
+2.31%
+125.28%
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.
WMB
Williams Companies
$91.60 Bn
75.14
+2.29%
+32.94%
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
$83.44 Bn
38.64
+0.03%
+23.33%
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
$78.01 Bn
148.73
+1.74%
+26.33%
The company earns gathering, processing, and marketing revenues from third party hydrocarbons, providing midstream services to other producers.
ET
Energy Transfer
$73.76 Bn
21.42
+2.24%
+23.53%
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.
TRP
Tc Energy
$66.70 Bn
64.01
+1.15%
+26.90%
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
$63.84 Bn
297.73
+7.09%
+84.87%
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.
OKE
Oneok
$61.19 Bn
97.07
+1.80%
+32.90%
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.
MPLX
Mplx
$60.20 Bn
59.38
+0.51%
+20.15%
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.
OXY
2nd
Occidental Petroleum
$59.65 Bn
59.82
+1.30%
+35.31%
The company operates an extensive midstream network of pipelines, storage facilities, and gathering systems primarily in the Permian Basin and Rocky Mountain regions.
LNG
2nd
Cheniere Energy
$56.54 Bn
273.78
+2.55%
+19.07%
The company owns and operates supporting pipeline systems, such as the Creole Trail Pipeline and the Corpus Christi Pipeline, to connect its terminals to natural gas networks.
DVN
2nd
Devon Energy
$52.61 Bn
47.83
+0.53%
+42.56%
The company engages in midstream activities, specifically mentioning the operation of assets such as Cotton Draw Midstream to support its hydrocarbon movement.
VG
2nd
Venture Global
$35.39 Bn
14.22
+3.34%
+14.86%
The company owns and operates significant midstream pipeline infrastructure to transport gas to its terminals, including the Gator Express, Cloud Connector, and CP Express pipelines.
EQT
2nd
Eqt
$33.24 Bn
53.14
+0.21%
+5.23%
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
2nd
Cheniere Energy Partners
$33.16 Bn
68.51
+1.50%
+26.87%
Through its subsidiary CTPL, the company owns and operates a 94-mile natural gas supply pipeline and earns revenue from pipeline transportation fees.
PBA
Pembina Pipeline
$28.67 Bn
49.35
+1.40%
+34.62%
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
$22.99 Bn
112.48
+0.07%
+18.91%
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.
TGS
Gas Transporter Of The South
$22.81 Bn
27.65
-2.37%
-2.88%
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.
OVV
2nd
Ovintiv
$17.98 Bn
65.01
+1.82%
+66.10%
The company generates service revenues, totaling $21 million, from third-party gathering and processing fees, which constitutes a midstream infrastructure activity.
PAA
Plains All American Pipeline
$17.07 Bn
24.19
+1.85%
+38.31%
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.
DINO
2nd
HF Sinclair
$17.02 Bn
95.72
+0.77%
+114.43%
The company operates a Midstream segment providing crude oil and petroleum product transportation, terminalling, storage, and throughput services via pipelines and loading racks.
DTM
DT Midstream
$13.85 Bn
135.79
+0.58%
+33.19%
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
$11.44 Bn
37.05
+1.73%
+22.76%
The company operates a midstream segment through Antero Midstream that provides gathering, compression, water handling, and transportation services for a fee.
WES
Western Midstream Partners
$10.91 Bn
49.81
+2.51%
+30.56%
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
$10.77 Bn
22.69
+2.35%
+29.29%
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.
SUN
2nd
Sunoco
$10.56 Bn
77.16
+2.81%
+44.98%
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.
PBF
2nd
PBF Energy
$8.98 Bn
75.19
+0.17%
+216.99%
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
$8.86 Bn
54.56
+3.06%
+36.37%
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.
UGI
2nd
Ugi
$8.24 Bn
38.41
+9.46%
+11.04%
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
$7.93 Bn
83.39
+1.93%
-2.41%
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.
VSOGF
2nd
Vista Energy, S.A.B. de C.V
$7.82 Bn
75.00
+0.00%
+70.65%
The company manages associated midstream infrastructure for transportation and export and earns income from transportation capacity contracts.
SOBO
South Bow
$7.78 Bn
37.28
+1.61%
+33.48%
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.
MTDR
2nd
Matador Resources
$7.10 Bn
57.26
+2.34%
+22.17%
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.
UGP
2nd
Ultrapar Holdings
$6.76 Bn
6.33
-2.16%
+91.82%
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.
AROC
Archrock
$5.98 Bn
34.12
-1.44%
+41.17%
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
$5.63 Bn
55.50
+0.95%
+20.03%
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.
CNX
2nd
CNX Resources
$5.27 Bn
35.38
+0.11%
+25.86%
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.
PAGP
Plains Gp Holdings
$5.20 Bn
26.30
+1.98%
+39.60%
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.
HESM
Hess Midstream
$5.14 Bn
40.06
+1.01%
-1.98%
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.
CNR
2nd
Core Natural Resources
$4.59 Bn
92.03
-4.03%
+29.71%
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.
MDU
2nd
Mdu Resources
$4.30 Bn
20.44
-0.63%
+26.02%
The Pipeline segment provides natural gas transportation and underground storage services to local distribution companies, producers, and industrial customers, which are midstream activities.
PAM
2nd
Pampa Energy
$4.27 Bn
79.01
-1.19%
+5.36%
The company earns income from transmission fees and gas storage capacities, and recognizes revenue when natural gas is transported through pipeline networks.
DK
2nd
Delek US Holdings
$4.18 Bn
68.22
+1.46%
+198.16%
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.
PARR
2nd
Par Pacific Holdings
$4.03 Bn
80.46
-2.01%
+168.38%
The company maintains a logistics segment that provides terminal storage, transportation, and related services for crude oil and refined products, earning third-party fees.
SUNC
2nd
SunocoCorp
$4.02 Bn
78.00
+3.34%
—
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.
CRK
2nd
Comstock Resources
$4.01 Bn
13.67
+0.81%
-9.05%
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
$3.94 Bn
31.92
+0.35%
—
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
$3.29 Bn
136.63
+1.59%
+10.94%
The company operates natural gas transmission infrastructure, including the Peninsula Pipeline, and earns revenue from transmission fees and transportation services.
NGL-PC
NGL Energy Partners
$3.23 Bn
25.88
+0.31%
+12.96%
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.
BKV
2nd
Bkv
$2.92 Bn
26.66
+1.25%
+24.41%
The Natural Gas Midstream segment owns and operates gathering pipelines, compression assets, and dehydration services for its own wells and third-party producers.
DKL
Delek Logistics Partners
$2.86 Bn
53.72
+0.09%
+24.50%
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
$2.68 Bn
21.09
-1.13%
+156.88%
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.
AMR
2nd
Alpha Metallurgical Resources
$2.15 Bn
169.49
+0.04%
+20.10%
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.
MNR
2nd
Mach Natural Resources
$2.10 Bn
12.59
-0.87%
-11.83%
The company owns and operates midstream gathering systems and water infrastructure, generating fee-based revenue from third-party operators.
GEL
Genesis Energy
$1.95 Bn
16.00
-0.12%
-7.94%
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
$1.72 Bn
50.64
-1.34%
+0.80%
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.
SMC
Summit Midstream
$0.71 Bn
34.78
+0.09%
+74.25%
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
$0.62 Bn
4.00
+0.25%
-86.11%
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.
RGCO
2nd
Rgc Resources
$0.22 Bn
21.57
+1.36%
+2.71%
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.
AMPY
2nd
Amplify Energy
$0.20 Bn
4.83
+0.21%
+20.45%
The company manages associated midstream infrastructure, specifically the San Pedro Bay Pipeline, to transport its produced hydrocarbons.
EPSN
2nd
Epsilon Energy
$0.17 Bn
5.68
+0.53%
-0.87%
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.
MMLP
Martin Midstream Partners
$0.09 Bn
2.38
+0.42%
-28.53%
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.
NFE
2nd
New Fortress Energy
$0.08 Bn
0.29
-6.45%
-87.17%
New Fortress Energy owns and operates midstream infrastructure, including pipelines and storage facilities, to move and store natural gas and LNG for its downstream customers.
ILUS
2nd
Ilustrato Pictures International
$0.00 Bn
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.