MPC
2nd
Marathon Petroleum
$129.03Bn
459.46
-1.91%
+143.69%
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.
CNQ
2nd
Canadian Natural Resources
$112.20Bn
53.90
-0.65%
+77.59%
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.
SO
2nd
Southern
$107.92Bn
93.81
+3.80%
-3.76%
The company earns revenue from gas pipeline investments, such as its interests in SNG and the Dalton Pipeline, which involve the transportation of energy commodities.
ENB
Enbridge
$104.83Bn
48.00
-0.02%
+0.61%
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.
WMB
Williams Companies
$86.40Bn
70.64
-2.98%
+13.64%
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.
EOG
2nd
Eog Resources
$82.85Bn
157.96
+0.02%
+48.72%
The company earns gathering, processing, and marketing revenues from third party hydrocarbons, providing midstream services to other producers.
EPD
Enterprise Products Partners
$78.84Bn
36.51
-0.19%
+17.62%
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.
KMI
Kinder Morgan
$75.00Bn
33.71
-0.85%
+22.31%
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.
ET
Energy Transfer
$69.04Bn
20.05
-0.45%
+18.57%
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
$64.50Bn
61.97
-0.51%
+19.75%
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.
OXY
2nd
Occidental Petroleum
$62.46Bn
62.48
-0.37%
+49.72%
The company operates an extensive midstream network of pipelines, storage facilities, and gathering systems primarily in the Permian Basin and Rocky Mountain regions.
TRGP
Targa Resources
$62.09Bn
289.59
-2.06%
+87.49%
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.
LNG
2nd
Cheniere Energy
$59.25Bn
286.86
+0.95%
+27.80%
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.
OKE
Oneok
$59.22Bn
93.95
+0.89%
+35.01%
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
$58.96Bn
58.15
-0.51%
+14.94%
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.
SRE
2nd
Sempra
$55.43Bn
84.79
+1.54%
-7.90%
Sempra Infrastructure develops and operates pipeline and terminal projects to move energy commodities for domestic and international markets.
DVN
2nd
Devon Energy
$54.09Bn
49.17
-1.40%
+51.71%
The company engages in midstream activities, specifically mentioning the operation of assets such as Cotton Draw Midstream to support its hydrocarbon movement.
EQT
2nd
Eqt
$34.19Bn
54.66
+1.11%
+2.19%
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.
VG
2nd
Venture Global
$31.93Bn
12.83
-0.16%
+34.49%
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.
CQP
2nd
Cheniere Energy Partners
$31.07Bn
64.19
+1.18%
+22.78%
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
$28.69Bn
49.37
-2.55%
+28.97%
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
$23.25Bn
113.71
+1.79%
+13.70%
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.
DINO
2nd
HF Sinclair
$21.74Bn
122.27
-2.60%
+131.18%
The company operates a Midstream segment providing crude oil and petroleum product transportation, terminalling, storage, and throughput services via pipelines and loading racks.
OVV
2nd
Ovintiv
$19.17Bn
69.31
-0.74%
+89.58%
The company generates service revenues, totaling $21 million, from third-party gathering and processing fees, which constitutes a midstream infrastructure activity.
WES
Western Midstream Partners
$18.37Bn
44.46
-0.31%
+15.90%
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.
PAA
Plains All American Pipeline
$18.28Bn
25.91
+0.08%
+56.94%
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.
DTM
DT Midstream
$12.59Bn
123.43
-0.84%
+13.87%
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
$12.06Bn
39.05
+1.38%
+21.73%
The company operates a midstream segment through Antero Midstream that provides gathering, compression, water handling, and transportation services for a fee.
SUN
2nd
Sunoco
$9.93Bn
72.57
-1.08%
+33.16%
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.
AM
Antero Midstream
$9.78Bn
20.60
-0.82%
+14.25%
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
$9.46Bn
79.28
-2.71%
+168.93%
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
$8.88Bn
54.66
-1.83%
+40.23%
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
$8.34Bn
7.80
-2.01%
+108.56%
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
$8.28Bn
38.61
+0.10%
+15.70%
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
$7.69Bn
80.94
+2.04%
-1.65%
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.
VIST
2nd
Vista Energy, S.A.B. de C.V
$7.37Bn
70.69
-0.94%
+98.29%
The company manages associated midstream infrastructure for transportation and export and earns income from transportation capacity contracts.
SOBO
South Bow
$7.20Bn
34.55
-0.63%
+30.87%
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
$7.04Bn
56.79
-1.71%
+43.12%
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.
PAGP
Plains Gp Holdings
$5.53Bn
27.93
+0.04%
+59.97%
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.
NJR
2nd
New Jersey Resources
$5.44Bn
53.63
+2.92%
+16.18%
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
$5.32Bn
35.72
+1.56%
+11.38%
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.
SR
2nd
Spire
$5.05Bn
85.53
+3.62%
-1.84%
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.
AROC
Archrock
$4.98Bn
28.39
-4.60%
+12.48%
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.
DK
2nd
Delek US Holdings
$4.64Bn
75.78
-3.12%
+113.04%
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
$4.41Bn
88.44
+0.95%
+5.92%
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
$4.40Bn
13.32
-1.26%
+65.26%
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
77.80
-0.14%
+29.15%
The company earns income from transmission fees and gas storage capacities, and recognizes revenue when natural gas is transported through pipeline networks.
CRK
2nd
Comstock Resources
$4.10Bn
13.98
+1.53%
-20.16%
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.
MDU
2nd
Mdu Resources
$4.07Bn
19.36
+1.20%
-0.21%
The Pipeline segment provides natural gas transportation and underground storage services to local distribution companies, producers, and industrial customers, which are midstream activities.
PARR
2nd
Par Pacific Holdings
$4.02Bn
80.21
-5.30%
+117.49%
The company maintains a logistics segment that provides terminal storage, transportation, and related services for crude oil and refined products, earning third-party fees.
TGS
Gas Transporter Of The South
$3.91Bn
25.97
-0.42%
+18.58%
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.
HESM
Hess Midstream
$3.85Bn
30.03
-3.35%
-10.84%
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.
SUNC
2nd
SunocoCorp
$3.71Bn
71.93
-1.02%
—
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.
WBI
WaterBridge Infrastructure
$3.51Bn
28.40
-5.21%
+20.24%
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
$3.24Bn
134.31
+3.39%
+2.15%
The company operates natural gas transmission infrastructure, including the Peninsula Pipeline, and earns revenue from transmission fees and transportation services.
DKL
Delek Logistics Partners
$3.02Bn
56.79
+0.04%
+26.26%
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.
BKV
2nd
Bkv
$2.26Bn
20.69
-7.22%
+1.92%
The Natural Gas Midstream segment owns and operates gathering pipelines, compression assets, and dehydration services for its own wells and third-party producers.
WTTR
2nd
Select Water Solutions
$2.23Bn
17.55
-6.55%
+53.28%
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
$2.02Bn
159.08
-0.46%
+3.96%
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
$1.93Bn
15.45
-0.39%
+138.43%
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
$1.77Bn
10.59
-0.66%
-11.75%
The company owns and operates midstream gathering systems and water infrastructure, generating fee-based revenue from third-party operators.
GEL
Genesis Energy
$1.70Bn
13.92
-0.64%
-11.05%
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
$1.65Bn
48.57
-0.41%
+6.16%
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
$617.55Mn
30.41
-0.78%
+40.92%
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
$469.78Mn
3.04
-4.40%
-74.28%
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
$240.14Mn
23.05
+4.30%
+5.25%
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.
BDCO
2nd
Blue Dolphin Energy
$191.90Mn
12.86
-6.61%
+812.06%
The company operates a midstream segment providing tolling and terminaling services, utilizing 1.25 million barrels of petroleum storage tank capacity for third-party crude oil, condensate, and refined products.
EPSN
2nd
Epsilon Energy
$186.33Mn
6.16
+0.65%
+29.96%
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
$182.91Mn
4.43
-1.34%
+0.91%
The company manages associated midstream infrastructure, specifically the San Pedro Bay Pipeline, to transport its produced hydrocarbons.
MMLP
Martin Midstream Partners
$84.90Mn
2.17
+2.36%
-20.51%
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.
SPND
2nd
Spindletop Oil & Gas
$31.01Mn
4.70
+0.00%
+47.34%
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.
NFE
2nd
New Fortress Energy
$20.28Mn
3.55
-5.59%
+99.44%
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.
VIVK
Vivakor
$34.80K
1.63
+30.40%
-99.83%
Vivakor operates as a midstream company that owns and operates the Omega Gathering Pipeline and various terminaling and storage facilities. It generates fee-based revenue from transporting and storing crude oil, condensate, and NGLs for customers like Marathon Oil and ConocoPhillips.
