1
COP
2nd
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.
Conocophillips
LNG and Gas Processing
158.35 Bn
131.81
-1.05%
+41.00%
17.23
2.43
150.66 Bn
2
MPC
2nd
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.
Marathon Petroleum
Oil and Gas Pipelines
119.26 Bn
424.66
+0.63%
+129.51%
11.90
0.76
118.13 Bn
3
ENB
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.
Enbridge
Oil and Gas Pipelines
106.40 Bn
48.72
-0.08%
-0.81%
—
—
—
4
CNQ
2nd
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.
Canadian Natural Resources
Oil and Gas Pipelines
103.29 Bn
49.62
-1.98%
+52.54%
11.65
3.19
101.40 Bn
5
WMB
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.
Williams Companies
Oil and Gas Pipelines
87.85 Bn
72.07
+0.35%
+19.36%
—
—
—
6
EPD
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.
Enterprise Products Partners
Oil and Gas Pipelines
83.98 Bn
38.89
+1.17%
+22.22%
13.21
1.44
83.12 Bn
7
EOG
2nd
The company earns gathering, processing, and marketing revenues from third party hydrocarbons, providing midstream services to other producers.
Eog Resources
Oil and Gas Pipelines
75.64 Bn
144.20
-0.86%
+21.87%
11.03
2.80
70.73 Bn
8
ET
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.
Energy Transfer
Oil and Gas Pipelines
72.76 Bn
21.13
+0.33%
+21.16%
14.41
0.85
71.72 Bn
9
KMI
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.
Kinder Morgan
Oil and Gas Pipelines
70.82 Bn
31.83
+1.60%
+15.03%
—
—
—
10
TRP
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.
Tc Energy
Oil and Gas Pipelines
64.04 Bn
61.53
-0.16%
+16.84%
26.01
5.70
63.51 Bn
11
TRGP
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.
Targa Resources
Oil and Gas Pipelines
62.66 Bn
292.22
+2.53%
+71.77%
27.65
3.74
62.67 Bn
12
MPLX
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.
Mplx
Oil and Gas Pipelines
60.20 Bn
59.38
+1.28%
+17.00%
12.70
4.55
59.17 Bn
13
OKE
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.
Oneok
Oil and Gas Pipelines
58.92 Bn
93.47
+0.24%
+27.03%
16.12
1.50
58.86 Bn
14
OXY
2nd
The company operates an extensive midstream network of pipelines, storage facilities, and gathering systems primarily in the Permian Basin and Rocky Mountain regions.
Occidental Petroleum
Oil and Gas Pipelines
58.81 Bn
58.83
-0.76%
+24.22%
8.92
2.71
55.30 Bn
15
BKR
2nd
The Industrial & Energy Technology segment provides specialized equipment and services for liquefied natural gas (LNG) plants and gas processing applications.
Baker Hughes
LNG and Gas Processing
56.83 Bn
57.25
+1.22%
+21.09%
18.18
2.05
41.28 Bn
16
LNG
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.
Cheniere Energy
LNG and Gas Processing
55.40 Bn
268.24
-0.59%
+14.47%
12.57
2.58
59.44 Bn
17
DVN
2nd
The company engages in midstream activities, specifically mentioning the operation of assets such as Cotton Draw Midstream to support its hydrocarbon movement.
Devon Energy
Oil and Gas Pipelines
53.46 Bn
48.60
-0.25%
+38.82%
17.76
2.62
52.45 Bn
18
WDS
2nd
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.
Woodside Energy
LNG and Gas Processing
44.05 Bn
23.17
-1.86%
+51.64%
8.58
2.57
45.26 Bn
19
SRE
2nd
Through Sempra Infrastructure, the company operates natural gas liquefaction and terminal projects, including the Cameron LNG Joint Venture and Port Arthur LNG projects.
Sempra
LNG and Gas Processing
39.01 Bn
81.30
-1.12%
-1.43%
—
—
—
20
VG
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.
Venture Global
LNG and Gas Processing
34.97 Bn
14.05
-2.50%
+1.52%
10.50
2.06
35.26 Bn
21
CQP
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.
Cheniere Energy Partners
LNG and Gas Processing
31.41 Bn
64.89
-2.80%
+20.68%
10.00
2.73
30.97 Bn
22
EQT
2nd
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.
Eqt
Oil and Gas Pipelines
31.27 Bn
49.99
-0.70%
+1.21%
10.47
3.28
34.76 Bn
23
PBA
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.
Pembina Pipeline
Oil and Gas Pipelines
27.64 Bn
47.56
-0.17%
+19.41%
16.22
3.52
27.27 Bn
24
L
2nd
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.
Loews
Oil and Gas Pipelines
22.03 Bn
107.77
-0.52%
+11.06%
12.38
1.18
649.17 Mn
25
YPF
2nd
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.
Ypf Sociedad Anonima
LNG and Gas Processing
21.61 Bn
54.95
+0.81%
+125.11%
38.05
1.04
19.41 Bn