Feed / Theme
Confirmed

Oil & Gas Midstream

19 names are moving together; 16% are participating in the current session.

Co-movement

Observed intraday paths are not available for this group yet.

Members

TICKERCompanySectorTodayObserved activity
CVXChevron CorporationEnergy-1.2%Group member
OKEONEOK, Inc.Energy-0.8%Group member
XOMExxonMobil Holdings CorporationEnergy-1.1%Group member
TRGPTarga Resources, Inc.Energy-2.3%Group member
PAGPPlains GP Holdings, L.P.Energy+0.7%Group member
ETEnergy Transfer LPEnergy+1.5%Group member
EPDEnterprise Products Partners L.Energy+1.3%Group member
AMAntero Midstream CorporationEnergy-1.2%Most structurally connected
PAAPlains All American Pipeline, LEnergy+0.7%Group member
PBAPembina Pipeline Corp.Energy-0.1%Group member
KNTKKinetik Holdings Inc.Energy+1.0%Group member
WESWestern Midstream Partners, LPEnergy+0.8%Group member
HESMHess Midstream LPEnergy+0.4%Group member
SOBOSouth Bow CorporationEnergy-0.5%Group member
WMBWilliams Companies, Inc. (The)Energy-0.8%Group member
ENBEnbridge IncEnergy-0.2%Group member
KMIKinder Morgan, Inc.Energy-0.4%Group member
DTMDT Midstream, Inc.Energy-1.5%Group member
TRPTC Energy CorporationEnergy-1.0%Group member

Why we believe this

Cohort

19 names

Participation

16% this session

Observed history

1 daily builds

Filing coverage

16/19 members

credit / rates affecting interest expense

Interest expense decreased by 8%, from $207 million for the year ended December 31, 2024 to $190 million for the year ended December 31, 2025 primarily due to lower interest expense on our senior notes due to the repurchase and redemption of the 7.875% senior notes due May 15, 2026 (the “2026 Notes”) during the year ended December 31, 2024, and the redemption of the 2027 Notes during the year ended December 31, 2025, as well as lower interest rates on our Credit Facility between periods, partially offset by the issuances of the 6.625% senior notes due February 1, 2032 (the “2032 Notes”), 2033 Notes and 2034 Notes and higher average borrowing on our Credit Facility between periods.

AM 10-K

demand / volume

While we cannot predict how or to what extent sustainable lending and investment practices may impact our operations, a material reduction in the capital available to the oil and natural gas industry could make it more difficult to secure funding for exploration, development, production, transportation and processing activities, which could result in decreased demand for our midstream services.

AM 10-K

capital investment / capacity affecting capex

The decrease in cash flows used in investing activities between periods was primarily due to our acquisition of gathering and compression assets during the second quarter of 2024 of $70 million, before closing adjustments, and lower capital spending related to our gathering systems and facilities of $50 million, partially offset by higher capital spending on our water handling systems of $40 million and additional investment in Stonewall of $4 million between periods.

AM 10-K

Oil & Gas Midstream can stay leader-led if TRGP and the next software names fail to join while AM keeps moving.

Connected, outside the group

No high-confidence filing-linked non-members are available for this group yet.

History

Historical cohort observations are not available yet.