Commentary: Notable Quotes and Headlines from 3Q Earnings

Reading between the lines of midstream management's third-quarter commentary, executives had plenty to say about dividends, M&A and misjudged opportunities. 

Midstream Consolidation Pays Off in the Third Quarter

Pipeline company M&A continues as Lower 48 production soars while midstream companies also hiked dividends despite weak commodity prices.

TC Energy Considering JVs in Canada, Mexico to Raise Cash

TC Energy reported that its Canadian Coastal GasLink pipeline is mechanically complete, ahead of the company’s December target.

Mountain Valley Pipeline Sues Protesters for Obstructing Construction

Developer Mountain Valley Pipeline LLC said protesters attached themselves to construction equipment.
 

New Canada Pipeline Could Leave US Crude Market in the Cold

Owned by the federal government, Trans Mountain is targeting the start-up of the TMX expansion in first-quarter 2024.

Targa Resources Weighs Whether Building Apex Pipeline is Best Move

Despite having a permit in hand to build the Apex pipeline, Targa Resources is considering “multiple options” that may mean scrapping the project.

Energy Distillery: Permian Gas Could Go Negative Next Week [WATCH]

All gas is not created equal. Will Waha pricing in the Permian dip into negative territory? Find out in the first episode of Hart Energy LIVE's newest Energy Distillery video series. 

Kinder Morgan’s $1.8B NextEra Deal to Tackle South Texas Gas Demand

Kinder Morgan’s $1.8 billion purchase of NextEra Energy Partner’s South Texas pipeline assets will help the pipeline company keep pace with an expanding natural gas market along the Gulf Coast.

Energy Transfer Hits Record Volumes in 3Q, Pushes Expansions

Energy Transfer saw record NGL, oil and terminal volumes in the third quarter while integrating new assets and working on further expansions to its infrastructure.

Enbridge Beefs Up RNG Portfolio with $1.2B in Acquisitions

Besides buying RNG facilities from a Texas company, Canada-based Enbridge also increased its interest in two wind projects offshore Germany.