5 Biggest Midstream Companies Heading Into 2023

In this piece, we will take a look at the five biggest midstream companies heading into 2023. If you want to read our introduction to the industry, then take a look at 15 Biggest Midstream Companies Heading Into 2023.

5. The Williams Companies, Inc. (NYSE:WMB)

Market Capitalization as of November 12, 2022: $41.52 billion

The Williams Companies, Inc. (NYSE:WMB) is an energy transportation company that ships natural gas and crude oil through its pipelines. The firm is headquartered in Tulsa, Oklahoma.

The Williams Companies, Inc. (NYSE:WMB) is aggressively expanding its infrastructure, and it plans to add 1.4 billion cubic feet of natural gas capacity per day to its network by the end of 2024 and another 600 million cubic feet by the end of 2025. Through these and other improvements, The Williams Companies, Inc. (NYSE:WMB) hopes that its operating income will double by 2025.

The Williams Companies, Inc. (NYSE:WMB) has $41.52 billion in market capitalization and it pays a 43 cent dividend for a 4.99% yield.

The Williams Companies, Inc. (NYSE:WMB)’s largest investor is Bernard Horn’s Polaris Capital Management which owns 1.8 million shares that are worth $56 million.

4. Kinder Morgan, Inc. (NYSE:KMI)

Market Capitalization as of November 12, 2022: $42 billion

Kinder Morgan, Inc. (NYSE:KMI) is one of the largest midstream companies in the U.S. It transports natural gas, crude oil, and refined products. The firm is based in Houston, Texas.

Kinder Morgan, Inc. (NYSE:KMI) operates 63% of its contracts on a take or pay basis, which ensures that even if its facilities are left unused, the firm is still paid by the client. Additionally, the firm is responsible for moving roughly half of the liquefied natural gas (LNG) that is exported out of the U.S.

Kinder Morgan, Inc. (NYSE:KMI) has a $42 billion market capitalization and a 5.94% dividend yield through a 28 cent dividend.

William B. Gray’s Orbis Investment Management is Kinder Morgan, Inc. (NYSE:KMI)’s largest investor. It owns 21 million shares that are worth $363 million.

3. TC Energy Corporation (NYSE:TRP)

Market Capitalization as of November 12, 2022: $48 billion

TC Energy Corporation (NYSE:TRP) is a Canadian company that transports natural gas and natural gas liquids in its home country, the U.S., and Mexico.

TC Energy Corporation (NYSE:TRP) owns 93,000 kilometers of gas pipelines and 653 billion cubic feet of natural gas storage facilities in North America. The firm is responsible for providing oil to the U.S. from Canada, and it is also expanding in Mexico by launching a $4.5 billion pipeline in partnership with the government.

TC Energy Corporation (NYSE:TRP)’s market capitalization is $48 billion and the firm pays a 67 cent dividend for a 5.52% yield.

TC Energy Corporation (NYSE:TRP)’s largest investor is Robert Richard’s Heathbridge Capital Management which owns 496,065 shares that are worth $25 million.

2. Enterprise Products Partners L.P. (NYSE:EPD)

Market Capitalization as of November 12, 2022: $54 billion

Enterprise Products Partners L.P. (NYSE:EPD) transports crude oil, natural gas, natural gas liquids, and refined products all over the U.S. It is headquartered in Houston, Texas.

Enterprise Products Partners L.P. (NYSE:EPD) has a fortress balance sheet, with $3.3 billion in liquidity and a leverage ratio of just 3.1x, which is below the low end of its targeted 3.25x-3.75x range. The firm’s debts also have an average term maturity of 20 years. The firm also regularly pays out dividends, and 2022 marks the 24th year of its distribution growth.

Enterprise Products Partners L.P. (NYSE:EPD) pays a 48 cent dividend for a 7.6% yield, and it has $54 billion in market capitalization.

Enterprise Products Partners L.P. (NYSE:EPD)’s largest investor is Bruce Berkowitz’s Fairholme (FAIRX) which owns 3.5 million shares that are worth $87 million.

1. Enbridge Inc. (NYSE:ENB)

Market Capitalization as of November 12, 2022: $84.6 billion

Enbridge Inc. (NYSE:ENB) is an energy infrastructure company that deals in crude oil and natural gas. The firm is based in Calgary, Canada.

Enbridge Inc. (NYSE:ENB) reported CAD11.5 billion in revenue during its third quarter, at a time when it shipped 2.97 million barrels of crude oil per day. Its shipments marked an 11% annual increase. The firm is also investing heavily in expanding its capacity, and it has spent CAD17 billion so far for projects that go as far as 2028.

Enbridge Inc. (NYSE:ENB) pays a 63 cent dividend for a 5.98% yield, and its market capitalization is $84.6 billion.

Enbridge Inc. (NYSE:ENB)’s largest investor is Rajiv Jain’s GQG Partners which owns 1.8 million shares that are worth $2 billion.

Disclosure: None. You can also take a look at 15 Biggest Insurance Companies in the World and 10 Stocks Hedge Fund Legend Donald Sussman is Buying.

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