$ET

Market Chatter: Shell, Phillips 66 Consider Divesting Explorer Pipeline Interests

Shell (SHEL) and Phillips 66 (PSX) are considering selling their majority stake in the company that owns the Explorer refined products pipeline, in a deal that could value the asset at about $3.5 billion, Reuters reported Wednesday, citing people familiar with the matter.Interest is initially focused on Shell's and Phillips 66's holdings, although Energy Transfer (ET) and MPLX (MPLX) could also decide to sell if bidders seek full ownership of the Explorer pipeline, Reuters reported. Greenhill, a Mizuho affiliate, and RBC Capital Markets are advising on the process.Explorer carries gasoline, jet fuel and other refined products from Texas into the Midwest, with terminals reaching the Chicago area. Shell and Phillips 66 control about 61% of the entity that owns the system, while the sources said discussions could still end without a transaction.Shell and Phillips 66 declined to comment, while Explorer did not immediately reply to' request for comment.

Update: Market Chatter: Shell, Phillips 66 Weighing Sale of Explorer Pipeline Stakes

(Updates to add companies declined to comment in fourth paragraph)Shell (SHEL) and Phillips 66 (PSX) are exploring a sale of their combined stakes in the Explorer refined products pipeline, in a deal that could value the asset at around $3.5 billion, Reuters reported Wednesday, citing people familiar with the matter.Shell and Phillips 66 together hold about 61% of the entity that owns the pipeline, with Energy Transfer (ET) and MPLX (MPLX) owning the rest, Reuters reported.Energy Transfer and MPLX could join the sale process if buyer interest is strong enough to pursue the full pipeline, the report said, adding that there is no guarantee a deal will be reached.Shell and Phillips 66 declined comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Market Chatter: Shell, Phillips 66 Weighing Sale of Explorer Pipeline Stakes

Shell (SHEL) and Phillips 66 (PSX) are exploring a sale of their combined stakes in the Explorer refined products pipeline, in a deal that could value the asset at around $3.5 billion, Reuters reported Wednesday, citing people familiar with the matter.Shell and Phillips 66 together hold about 61% of the entity that owns the pipeline, with Energy Transfer (ET) and MPLX (MPLX) owning the rest, Reuters reported.Energy Transfer and MPLX could join the sale process if buyer interest is strong enough to pursue the full pipeline, the report said, adding that there is no guarantee a deal will be reached.Shell and Phillips 66 did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $88.44, Change: $+2.24, Percent Change: +2.60%

Energy Transfer Raises Quarterly Cash Distribution by $0.0025 to $0.34 a Share, Payable Aug. 19 to Holders of Record Aug. 7

Commodity Prices, Export Demand to Drive Strong US Midstream Q2 Earnings, RBC Says

Commodity prices, export demand and new infrastructure should drive strong second-quarter US midstream earnings across the sector, RBC Capital Markets said in a Tuesday note.Waha basis spreads, spot export cargoes, expanding natural gas and power demand continue to provide favorable operating conditions for the sector, RBC said.RBC expects the Iran conflict and additional Permian pipeline capacity to strengthen long-term demand for US hydrocarbons, support new export infrastructure and restore previously curtailed production as takeaway constraints ease.RBC highlighted Kinetik Holdings (KNTK) and Targa Resources (TRGP) as its preferred picks, expecting both companies to post solid second-quarter results.The firm expects Kinetik to enter the second half of 2026 and 2027 with positive momentum, while Targa should benefit from supportive commodity prices and rising gas volumes as new takeaway capacity comes online.Kinder Morgan (KMI) could transfer projects from its shadow backlog into its formal project backlog during the quarter, while Williams (WMB) may provide updates on its Power Innovation financing platform, new power projects and Momentum Midstream, RBC said.RBC's second-quarter EBITDA forecasts remain within 2% of consensus across most of its coverage. It projects Venture Global (VG) about 4.4% above consensus after incorporating recent cargo and fee disclosures.RBC also expects Targa to outperform consensus on stronger-than-expected volume growth. Kinetik's margins should offset curtailed production, while the Kings Landing 2 final investment decision supports higher future output.Waha natural gas prices averaged negative $3.10 per million British thermal units during Q2 and briefly fell to about negative $8/MMBtu before recovering as additional pipeline capacity eased transportation constraints.The 570 million cubic feet per day Gulf Coast Express pipeline expansion entered service late in the quarter, helping restore some curtailed volumes. Energy Transfer (ET) also expects the first 1.5 billion cubic feet per day phase of the Hugh Brinson Pipeline to start in Q4, with some flows possible in Q3.RBC expects 5.27 Bcf/d of new Permian takeaway capacity to enter service between mid-2026 and Q1 of 2027, creating favorable conditions for higher regional production.The Iran conflict has increased spot exports of liquefied petroleum gas, crude oil and liquefied natural gas while reinforcing the need for diversified energy supplies, supporting long-term demand for US hydrocarbons and export infrastructure, RBC said.RBC identified Energy Transfer, Enterprise Products Partners, Targa Resources, ONEOK (OKE), Cheniere Energy (LNG) and Venture Global among the companies positioned to benefit from stronger export demand and future infrastructure investment.The firm also expects natural gas demand to remain a long-term growth driver as US liquefied natural gas export capacity nearly doubles by 2030 and electricity demand rises from reshoring, electrification, artificial intelligence and data center expansion, benefiting Williams and Kinder Morgan.Price: $50.47, Change: $-0.64, Percent Change: -1.25%

Update: New Mexico Rejects Pipeline Permit for Oracle Data Center

(Updates with Oracle's statement in the ninth and tenth paragraphs.)New Mexico regulators have denied a request to construct a natural gas pipeline across state lands that would supply a massive proposed Oracle's (ORCL) data center, making it the second time the state blocked the project.In a letter dated July 14, New Mexico Land Commissioner Stephanie Garcia Richard rejected a reconsideration request from Energy Transfer (ET), which sought to build a 0.6-mile segment of a 17-mile pipeline through state-owned property.The Commissioner's decision reinforces an initial denial issued in March 2026 regarding rights-of-way and a business lease for the Green Chile Project.Commissioner Garcia Richard cited significant environmental and resource concerns as the basis for the decision, emphasizing that the project was not in the best interests of the state."Massive AI data centers like Project Jupiter can rapidly deplete critical natural resources like water and threaten ecosystems by generating shocking levels of emissions to power their operations," Commissioner Garcia Richard stated in the letter."I am once again rejecting Energy Transfer's request because the proposed natural gas pipeline appears to offer very little benefit to the State Land Office's beneficiary institutions, the local community, or New Mexico as a whole."The rejection poses a significant obstacle for Oracle's Project Jupiter, a planned campus in Dona Ana County."We continue to work through the permitting requirements as we move the project forward," Energy Transfer said in a statement to."Our cooling and fuel cell energy systems' average annual water usage is less than what 9 US households use in a year, and our new power strategy significantly reduces emissions compared to our prior power plan," an Oracle's spokesperson toldlate Friday."The project remains on-schedule, and we continue to work closely with our partners and New Mexico's public officials to move Project Jupiter forward," the spokesperson added.

Update: New Mexico Rejects Pipeline Permit for Oracle Data Center

(Updates with Energy Transfer's' statement in paragraph 8)New Mexico regulators have denied a request to construct a natural gas pipeline across state lands that would supply a massive proposed Oracle's (ORCL) data center, making it the second time the state blocked the project.In a letter dated July 14, New Mexico Land Commissioner Stephanie Garcia Richard rejected a reconsideration request from Energy Transfer (ET), which sought to build a 0.6-mile segment of a 17-mile pipeline through state-owned property.The Commissioner's decision reinforces an initial denial issued in March 2026 regarding rights-of-way and a business lease for the Green Chile Project.Commissioner Garcia Richard cited significant environmental and resource concerns as the basis for the decision, emphasizing that the project was not in the best interests of the state."Massive AI data centers like Project Jupiter can rapidly deplete critical natural resources like water and threaten ecosystems by generating shocking levels of emissions to power their operations," Commissioner Garcia Richard stated in the letter."I am once again rejecting Energy Transfer's request because the proposed natural gas pipeline appears to offer very little benefit to the State Land Office's beneficiary institutions, the local community, or New Mexico as a whole."The rejection poses a significant obstacle for Oracle's Project Jupiter, a planned campus in Dona Ana County."We continue to work through the permitting requirements as we move the project forward," Energy Transfer said in a statement to.Oracle did not immediately responded to' request for comment.

New Mexico Rejects Pipeline Permit for Oracle Data Center

New Mexico regulators have denied a request to construct a natural gas pipeline across state lands that would supply a massive proposed Oracle's (ORCL) data center, making it the second time the state blocked the project.In a letter dated July 14, New Mexico Land Commissioner Stephanie Garcia Richard rejected a reconsideration request from Energy Transfer (ET), which sought to build a 0.6-mile segment of a 17-mile pipeline through state-owned property.The Commissioner's decision reinforces an initial denial issued in March 2026 regarding rights-of-way and a business lease for the Green Chile Project.Commissioner Garcia Richard cited significant environmental and resource concerns as the basis for the decision, emphasizing that the project was not in the best interests of the state."Massive AI data centers like Project Jupiter can rapidly deplete critical natural resources like water and threaten ecosystems by generating shocking levels of emissions to power their operations," Commissioner Garcia Richard stated in the letter."I am once again rejecting Energy Transfer's request because the proposed natural gas pipeline appears to offer very little benefit to the State Land Office's beneficiary institutions, the local community, or New Mexico as a whole."The rejection poses a significant obstacle for Oracle's Project Jupiter, a planned campus in Dona Ana County.Neither Energy Transfer nor Oracle immediately respnded to' request for comment.

Energy Transfer Likely to Post Sequentially Lower Q2 EBITDA Amid Seasonal Performance Slump, UBS Says

Energy Transfer (ET) is likely to post sequentially lower Q2 EBITDA of $4.45 billion due to seasonally lower performance across business segments, UBS said in a Wednesday research report.For the full-year 2026, the brokerage said it expects EBITDA of $18.49 billion, as the company remains well-positioned to grow earnings and dividends for the upcoming decade. Energy Transfer is due to report Q2 results on August 4.The company raised its full-year adjusted EBITDA guidance and highlighted during Q1 earnings call that producers will bring on more rigs and ramp production amid rising demand for US supply, according to the note.The company's expansion of the Nederland natural gas liquids export terminal to match higher client demand is expected to boost ethane export capacity at Nederland, and become operational in 2028, analysts wrote.The brokerage said it reiterated its buy rating on the stock and price target of $24 per share.Price: $19.78, Change: $-0.08, Percent Change: -0.40%

Energy Transfer, Sunoco, SunocoCorp, USA Compression Partners to Redomicile to Texas

Energy Transfer (ET), Sunoco (SUN), SunocoCorp, and USA Compression Partners (USAC) will redomicile from Delaware to Texas, with the change taking effect on July 6, the companies announced Thursday.The four companies said the redomiciliations will become legally effective in Delaware and Texas at 12:01 a.m. Central Time on July 6, 2026. The New York Stock Exchange will recognize the changes for market purposes on July 13, 2026.The companies said the Committee on Uniform Securities Identification Procedures (CUSIP) numbers for their registered securities and their New York Stock Exchange ticker symbols will remain unchanged following the redomiciliations.The redomiciliations will preserve the economic and governance rights of unitholders under each entity's organizational documents.Price: $19.33, Change: $+0.28, Percent Change: +1.47%

Market Chatter: US, Qatar Warn EU Methane Rules Could Trigger Gas Supply Shortages

The US and Qatar have warned that the European Union could face higher gas prices and supply shortages unless it changes planned methane emissions rules, the Financial Times reported Tuesday, citing a draft letter seen by it.They argue that most global oil and gas exporters would be unable to comply with the proposed requirements, which would introduce monitoring and reporting standards for methane emissions across supply chains.The warning, led by US and Qatari energy officials and sent to EU leaders ahead of an energy ministers' meeting, says there is a "narrow window" to change the rules. Algeria and Nigeria also backed the letter, according to the report.The European Commission, the US Department of Energy and Qatar's Government Communications Office did not immediately respond to' requests for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $233.74, Change: $+2.89, Percent Change: +1.25%

Sector Update: Energy Stocks Fall Late Afternoon

Energy stocks were lower late Thursday afternoon, with the NYSE Energy Sector Index falling 1.6% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 1.7%.The Philadelphia Oil Service Sector Index shed 3.3%, and the Dow Jones US Utilities Index added 0.2%.Front-month West Texas Intermediate crude oil rose 0.1% to $76.86 a barrel, and the global benchmark Brent crude contract added 0.1% to $79.62 a barrel. Henry Hub natural gas futures gained 2.5% to $3.22 per 1 million BTU.US natural gas stocks rose 73 billion cubic feet in the week ended June 12, below the 76 billion rise expected in a Bloomberg survey, and following an increase of 108 billion cubic feet in the previous week.In corporate news, New Fortress Energy (NFE) shares fell 13%. The firm said Thursday the UK restructuring plan between its subsidiaries and some creditors was approved at a hearing in the High Court of Justice of England and Wales.Energy Fuels (UUUU) shares jumped more than 6% after the company said Thursday it obtained a conditional $725 million senior-secured debt commitment from the US Office of Strategic Capital.Energy Transfer (ET) said it is expanding its Nederland, Texas NGL export terminal, adding 240,000 bpd of ethane capacity and 55,000 bpd of LPG capacity, with all ethane volumes committed under long-term contracts into the 2040s. Its shares were fractionally lower.Double Eagle Energy said Thursday that it has no interest in a publicly proposed arrangement that would see principal John Sellers serve as chairman of Fermi Inc. (FRMI), operating as Fermi America. Fermi shares climbed past 6%.

Sector Update: Energy Stocks Fall Thursday Afternoon

Energy stocks were lower Thursday afternoon, with the NYSE Energy Sector Index falling 1.9% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 2%.The Philadelphia Oil Service Sector Index shed 3.5%, and the Dow Jones US Utilities Index rose 1.2%.Crude oil prices fell after US President Donald Trump and Iranian President Masoud Pezeshkian digitally signed a memorandum of understanding aiming to reopen the Strait of Hormuz, lift the US blockade of Iranian ports, and pursue a permanent peace deal to end the war.Front-month West Texas Intermediate crude oil dropped 2.3% to $75.04 a barrel, and the global benchmark Brent crude contract fell 2% to $77.95 a barrel. Henry Hub natural gas futures gained 2.5% to $3.22 per 1 million BTU.US natural gas stocks rose 73 billion cubic feet in the week ended June 12, below the 76 billion rise expected in a Bloomberg survey and following an increase of 108 billion cubic feet in the previous week.In corporate news, New Fortress Energy (NFE) shares fell 7.5%. The firm said Thursday the UK restructuring plan between its subsidiaries and some creditors was approved at a hearing in the High Court of Justice of England and Wales.Energy Transfer (ET) said it is expanding its Nederland, Texas NGL export terminal, adding 240,000 bpd of ethane capacity and 55,000 bpd of LPG capacity, with all ethane volumes committed under long-term contracts into the 2040s. Its shares rose 0.7%.Venture Global (VG) signed new binding agreements with German energy company EnBW to supply 820,000 tonnes per annum of US liquefied natural gas over a period of five years starting this year. Venture Global shares shed 1.2%.

Sector Update: Energy

Energy stocks were lower Thursday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each falling about 2.1%.The Philadelphia Oil Service Sector Index dropped 3.6%, and the Dow Jones US Utilities Index rose 1.5%.In sector news, US President Donald Trump and Iranian President Masoud Pezeshkian digitally signed a memorandum of understanding aiming to reopen the Strait of Hormuz, lift the US blockade of Iranian ports, and pursue a permanent peace deal to end the war.Front-month West Texas Intermediate crude oil fell 2.7% to $74.73 a barrel, and the global benchmark Brent crude contract dropped 2.2% to $77.80 a barrel. Henry Hub natural gas futures gained 1.4% to $3.19 per 1 million BTU.In corporate news, Energy Transfer (ET) said Thursday it is expanding its Nederland, Texas NGL export terminal, adding 240,000 bpd of ethane capacity and 55,000 bpd of LPG capacity, with all ethane volumes committed under long-term contracts into the 2040s. Its shares rose 0.8%.

Energy Transfer to Expand Nederland NGL Export Terminal

Energy Transfer LP (ET) said Thursday it is expanding its Nederland, Texas NGL export terminal, adding 240,000 bpd of ethane capacity and 55,000 bpd of LPG capacity, with all ethane volumes committed under long-term contracts into the 2040s.The project, which also includes two new ship docks and pipeline expansion, is expected to come online in stages from 2028, lifting total Nederland refrigerated NGL capacity above 1.25 million bpd by mid-2029, the company said.Combined with the Marcus Hook expansion due mid-2027, Energy Transfer's total refrigerated NGL export capacity will reach approximately 1.7 million bpd, according to the company.Price: $18.88, Change: $+0.13, Percent Change: +0.71%

US Gas Market Seen Tightening into 2027, Potential Oversupply in 2028, TPH Says

US natural gas markets are projected to remain a key focus for investors assessing tightening near-term fundamentals before a shift toward oversupply later in the decade, according to TPH Energy Research in a Tuesday note.Matt Portillo, analyst at TPH, said that end-of-summer 2027 gas balances will reach 4.1 trillion cubic feet, with investors increasingly focused on when to position for longer-dated holdings beyond 2028.TPH said the outlook reflects a market still supported by regional constraints and rising demand before new supply and infrastructure changes alter the trajectory.Regional pricing dynamics remain in focus, including Permian-driven growth, Waha basis spreads in 2027, and medium-term balance trends at Agua Dulce. Portillo also noted emerging structural concerns at Gillis beyond 2028 as demand-supply imbalances deepen.TPH said global gas markets could tip into oversupply by 2028, with implications for global pricing trends over the next decade. The bank sees European benchmark TTF prices potentially easing toward $6-7 per million British thermal units over time.Simultaneously, Gulf Coast supply constraints are expected to support Henry Hub prices, potentially narrowing the arbitrage between US and global gas markets by 2029.On the upstream side, investor interest centered on Antero Resources (AR), EQT Corporation (EQT), Expand Energy (EXE), Range Resources (RRC), BKV Corporation (BKV) and Comstock Resources (CRK).Midstream companies, including DT Midstream (DTM), TC Energy, Williams Companies (WMB, Energy Transfer (ET), Kinder Morgan (KMI), Cheniere Energy (LNG), and Venture Global (VG), were also widely discussed.TPH said this underscores expectations that LNG export growth and pipeline bottlenecks will remain central to market direction over the next several years.Price: $34.72, Change: $-0.80, Percent Change: -2.25%

Demand for North American LPG Will Remain 'Solid' Even if Hormuz Reopens, RBC Says

Demand for North America's liquefied petroleum gas will remain "solid" both in the near- and long term, driven by restocking and building of strategic reserves, even if flow of Middle Eastern LPG through the Strait of Hormuz returns, RBC Capital Markets said Tuesday.Attacks linked to the US-Iran war have damaged LPG-related infrastructure in the Middle East, cutting LPG production and making it difficult to immediately return to pre-war supply levels even if the Strait fully reopens.Infrastructure damage in Qatar, Oman, and Iran has curbed LPG output by around 170,000 barrels per day, with further curtailment likely from reported attacks on eight other LPG sites, according to the International Energy Agency, as cited by RBC.Middle Eastern LPG is primarily exported to Asia, where "normal" demand growth is expected as buyers restock and seek to maintain larger strategic reserves, the research firm said.Cooking is a key LPG demand driver in the region, according to the IEA, with about 80% of Indian households and 90% of Indonesian homes using the fuel for this purpose.RBC noted that terminal operators in North America are "well-positioned" to benefit in the near term from elevated restocking demand, "and especially over the longer term if global LPG buyers enhance their supply diversity by looking to North America."The investment bank expects AltaGas can capture most upside, given the company's LPG growth projects and exposure to the spot market.RBC believes that the greatest upside for AltaGas is "if it can secure new long-term tolling contracts to underpin further expansions of its Ridley Island Energy Export Facility." The company operates two joint venture terminals in Prince Rupert, British Columbia and owns an LPG export facility in Ferndale, Washington.For US Gulf Coast LPG export terminal operators, including Energy Transfer (ET), Enterprise Product Partners (EPD), ONEOK (OKE), and Targa (TRGP), RBC sees "clearer" prospects for additional long-term contracts at higher rates. Additional upside could also materialize if there is demand for capacity expansion, it said.RBC highlighted that alleviation of oversupply concerns prior to the US-Iran war will have a "positive" impact on stocks of LPG companies on the US Gulf Coast, where the LPG market is expansive and where buyers will most likely turn for supplies.

Jefferies Upgrades Energy Transfer to Buy From Hold, $23 Price Target

Energy Transfer (ET) has an average rating of buy and mean price target of $23.12, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $19.69, Change: $-0.39, Percent Change: -1.92%

Crude, NGL Firms See Firmer Q2 Outlook on Exports, Pricing Tailwinds, TPH Says

Midstream energy companies focusing on natural gas liquids and crude logistics are heading into Q2 on a constructive note, buoyed by robust volume growth, elevated commodity prices, and soaring exports, TPH Energy Research strategists said in a note on Wednesday.TPH Energy Research strategists said the observations were based on industry interactions at the Energy Infrastructure Council conference.AJ O'Donnell, analyst at TPH Energy, said a key driver for the optimistic outlook is the strengthening of liquefied petroleum gas and NGL export fundamentals.O'Donnell said midstream executives said rising engagement with global buyers, especially from Asia, who are increasingly prioritizing supply diversity and security.The soaring demand comes as the market grapples with the impact of prolonged shipping disruptions in the Strait of Hormuz, a critical global energy chokepoint. The urgent demand for alternative supply routes has shifted the industry's focus toward infrastructure expansions.TPH said while several new export dock projects are already scheduled to come online over the next few years, executives are focused on the "next wave" of capacity expansions and additional brownfield opportunities.Targa Resources (TRGP) is seeing significant optionality at its Galena Park asset, with potential expansions expected to deliver improving economics as fixed costs are spread across a larger throughput base.The energy firm noted that incremental expansions at the site would yield progressively stronger economics as fixed operational costs are distributed across a larger volume base.Optimism also extended into the crude logistics sector, where Plains All American Pipeline (PAA) is re-evaluating its strategic footprint.Following its recent divestiture of certain NGL assets, the energy firm's management is focusing heavily on organic growth opportunities across its extensive pipeline network connecting the Permian Basin to the US Gulf Coast.Meanwhile, US midstream infrastructure firms are witnessing a robust pipeline of natural gas and power-related projects alongside strengthening demand trends across North America.Kinder Morgan (KMI) is advancing its Gulf Coast Express expansion project, which is expected to come online this quarter, while also progressing its Tennessee Gas Pipeline expansion, originally sized at about 500 million cubic feet per day.Trident Energy also continues to scale its development portfolio, targeting 1.5 billion cubic feet per day of capacity in 2027 and a further 0.5 Bcf/d in 2028, with major contract awards expected to begin in late 2027.DT Midstream (DTM) reported rising Northeast US demand, with its management pointing to about 7.5 Bcf/d of largely utility-scale demand, and noting potential upside from emerging modular power requirements.TPH Energy strategists said the energy firm also highlighted the flexibility of its Midwest Incremental Supply Transportation project, which can source gas from both the Northeast and western supply basins via interconnected pipeline networks.Energy Transfer (ET) said it continues to see strong demand across its system, particularly in the Permian Basin and around Abilene, Texas, where it is positioning itself as a key provider of redundancy and integrated gas services.The company also noted uncertainty around uncontracted "behind-the-pipe" gas volumes, though such volumes remain contractually protected in the near term.On the gas distribution side, Kodiak Gas Services (KGS) plans to grow its base business by 3% to 4% while expanding its power build-out ambitions, citing a 2-gigawatt development pipeline, supported by equipment-sourcing capacity and continued inbound interest in additional megawatt-scale projects.Meanwhile, Cheniere Energy (LNG) continues to advance its Corpus Christi and Sabine Pass liquefaction expansions, Van Everen said, with sufficient commercial agreements in place to support much of the two-train development.Once completed, the projects are expected to add about 6 million metric tons per annum of LNG capacity, with the firm targeting long-term contracted levels near historical averages of about 90%.Elsewhere, Excelerate Energy (EE) pointed to project opportunities in Jamaica, Vietnam and India, as the company looks to deploy floating LNG infrastructure to support emerging gas import markets.Price: $33.66, Change: $-0.65, Percent Change: -1.89%

UBS Adjusts Price Target on Energy Transfer to $24 From $22, Maintains Buy Rating

Energy Transfer (ET) has an average rating of buy and mean price target of $23.12, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $19.78, Change: $+0.17, Percent Change: +0.87%