From Yahoo Finance: 2025-04-04 03:03:00

Demand for natural gas is set to rise due to factors like onshoring of manufacturing, electrification, and AI data centers, driving up power demand. Companies are securing additional gas supplies for energy needs, leading to approval of new pipeline projects for expansion. WPC JV, including WhiteWater, MPLX, and Enbridge, is partnering with Targa Resources to build the Traverse Pipeline to transport up to 1.75 billion cubic feet of natural gas per day along the Gulf Coast. The project is expected to enter commercial service in 2027 with long-term transportation agreements secured. MPLX will hold the biggest stake in the Traverse pipeline, with Enbridge and Targa Resources also benefiting from the project through their respective interests in the JV. Targa Resources has several expansion projects under construction, including additional natural gas processing plants and NGL fractionators. The surge in demand for natural gas is benefiting infrastructure companies, leading to a growing list of expansion projects that should drive cash flows higher and enable dividend increases. Enbridge has a massive backlog of secured capital projects, while Targa Resources has seen rapid dividend growth.



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