Four Midstream Companies Offer Financial Guidance for 2025 and Beyond
Four major midstream companies, Targa Resources (TRGP), DT Midstream (DTM), Cheniere (LNG), and ONEOK (OKE), have recently shared their financial outlook for the coming years, providing valuable insights into the future of the energy industry. Let’s explore each company’s EBITDA growth projections for 2025 and, in some cases, 2026.
Targa Resources (TRGP)
Targa Resources, a leading independent midstream company, anticipates EBITDA growth of approximately 15% in 2025 compared to 2023. This growth is driven by the company’s ongoing expansion projects, including the Permian Basin’s Pin Oak Midstream Services acquisition and the Gulf Coast’s expansion of its natural gas processing capacity.
DT Midstream (DTM)
DT Midstream, a leading provider of natural gas processing, transportation, and storage services, projects EBITDA growth of around 12% to 15% in 2025, with further expansion into 2026. The company’s growth is attributed to its strategic acquisitions, such as the purchase of the NGPL pipeline system, and the continued growth of the Marcellus and Utica Shale regions.
Cheniere (LNG)
Cheniere, a global leader in liquefied natural gas (LNG), anticipates EBITDA growth of approximately 15% in 2025 compared to 2023. This growth is primarily driven by the expected increase in LNG exports from its Sabine Pass facility and the continued growth of its LNG market.
ONEOK (OKE)
ONEOK, a leading natural gas midstream company, projects EBITDA growth of around 10% to 12% in 2025. The company’s growth is attributed to the expansion of its natural gas gathering and processing business and the continued growth of the Permian Basin.
Impact on Individuals
As midstream companies continue to grow and expand, consumers may benefit from increased access to energy resources and potentially lower energy prices. Additionally, investors may see increased opportunities in the midstream sector, as these companies continue to drive growth and innovation.
Impact on the World
The financial guidance from these midstream companies indicates a strong and growing demand for natural gas and natural gas liquids, which could contribute to a more stable and diverse energy mix. This growth could also lead to increased energy security for countries that rely on imported liquefied natural gas, as well as potential reductions in greenhouse gas emissions if natural gas continues to displace coal as a fuel source.
Conclusion
The financial guidance from Targa Resources, DT Midstream, Cheniere, and ONEOK offers a positive outlook for the midstream sector in the coming years. With projected EBITDA growth ranging from 10% to 15%, these companies are poised to continue driving innovation and expansion in the energy industry. For individuals, this growth could lead to increased access to energy resources and potential investment opportunities. For the world, it could contribute to a more stable and diverse energy mix, increased energy security, and potential reductions in greenhouse gas emissions.
- Targa Resources projects EBITDA growth of approximately 15% in 2025
- DT Midstream projects EBITDA growth of around 12% to 15% in 2025 and beyond
- Cheniere projects EBITDA growth of approximately 15% in 2025
- ONEOK projects EBITDA growth of around 10% to 12% in 2025
- Growth in midstream sector could lead to increased access to energy resources and potential investment opportunities
- Growth could contribute to a more stable and diverse energy mix, increased energy security, and potential reductions in greenhouse gas emissions
