Kinder Morgan Announces the Advancement of $1.7B Gas Pipeline in Texas
CEO Kim Dang highlighted that the pipeline's development is strongly connected to the increasing energy needs of Texas's growing AI data center sector, which has been a significant driver for the project. Kinder Morgan has already secured long-term contracts for the pipeline and two other major natural gas projects — South System Expansion 4 and Mississippi Crossing — with a combined projected cost of around $5 billion.
In its commitment to responsible development, Kinder Morgan highlighted that the Trident Intrastate Pipeline project is backed by long-term contracts. Additionally, the company is working closely with impacted landowners to address concerns regarding the pipeline's route and construction.
The Trident project is part of a broader trend in Texas, where several energy infrastructure developments are being announced. Last month, Energy Transfer approved the final investment decision for the Hugh Brinson Pipeline, which will deliver 2.2 billion cubic feet per day of natural gas to the Dallas-Fort Worth area.
Similarly, WhiteWater Midstream revealed plans for a 2.5 billion cubic feet per day pipeline linking the Permian Basin to a gas hub near Corpus Christi. These projects reflect the increasing demand for natural gas in Texas and the ongoing efforts to expand the state's energy infrastructure.
As Kinder Morgan advances with the Trident pipeline, the company is positioning itself to meet the future energy needs of both industrial growth and the digital economy, reinforcing Texas' role as a critical player in the U.S. energy landscape.
Kinder Morgan currently carries a Zacks Rank #2 (Buy).
Investors interested in the energy sector may look at some other top-ranked stocks like SM Energy Company SM, Sunoco LP SUN and Range Resources Corporation RRC. While SM Energy and Sunoco presently sport a Zacks Rank #1 (Strong Buy) each, Range Resources carries a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here.
SM Energy is set to expand its oil-centered operations in the coming years, with an increasing focus on crude oil, especially in the Permian Basin and Eagle Ford regions. The company's attractive oil and gas investments should create long-term value for shareholders.
Sunoco is a leading wholesale motor fuel distributor in the United States, boasting a vast distribution network spanning 40 states. With long-term contracts servicing more than 10,000 convenience stores, it distributes over 10 fuel brands, ensuring a stable revenue stream. Sunoco is poised to benefit from the strategic acquisitions aimed at diversifying its business portfolio.
Range Resources is among the top 10 natural gas producers in the United States. Its diversified portfolio is spread between low-risk and long reserve-life Appalachian assets. The company's extensive inventory of Marcellus resources with low breakeven points is a significant asset. With expanded LPG export capacity, RRC is well-positioned to meet the rising global demand, capitalizing on natural gas's role as a clean-burning fuel amid a low-carbon shift.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Range Resources Corporation (RRC) : Free Stock Analysis Report
Sunoco LP (SUN) : Free Stock Analysis Report
SM Energy Company (SM) : Free Stock Analysis Report
Kinder Morgan, Inc. (KMI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
20 minutes ago
- Yahoo
Day traders scorched Wall Street pros with a hot summer. But September could chill their vibe.
Day traders outperformed pros this summer but face a potential September pullback. Retail traders drove stock gains, but historical trends suggest a volatile September. Hedge funds struggled with 'garbage' stock rallies, but might be better positioned for the fall. Day traders have had a blockbuster summer, outpacing professional money managers and leaving some hedge funds bruised. But that dominance may be short-lived. If historical trends hold, a seasonal pullback in retail activity could collide with a surge in volatility this September, threatening to derail the rally they helped drive. While nothing has topped the meme-stock craze of 2021, retail traders have been enjoying a busy — and lucrative — summer. Citadel Securities, which handles more than a third of the US retail equity trades, said in a client note last week that Main Street has remained consistently bullish over the last three months. Retail has bought up stocks in 14 of the last 16 weeks since April and options buying has been bullish for 14 consecutive weeks, according to Scott Rubner, head of equity and equity derivatives strategy at the Miami-based trading giant. Their optimism has been rewarded. The S&P 500 has gained 8% since June and nearly 30% since its low in early April. The Nasdaq has fared even better. It's not just AI-adjacent companies driving the gains, either — day traders have led a rally in so-called "garbage" stocks with questionable business prospects, such as brick-and-mortar retailers Kohl's, American Eagle, and Krispy Kreme. Many professional money managers, by contrast, have missed the boat on the stock rally, taking a cautious approach amid signs of economic threats. Citadel Securities' institutional clients have been bearish 8 of the past 12 weeks, Rubner said. Some hedge funds have been punished. The surge in junk stocks has confounded models at equity quant funds, contributing to a weekslong bloodletting, Business Insider previously reported. Many long-short equity hedge funds have navigated the market well, but those with more pessimistic outlooks have faltered. One hedge fund exec told BI that brick-and-mortar retailers with significant tariff exposure nonetheless trading higher than before tariffs were announced — especially with recession indicators blinking — "doesn't make sense to us fundamentally." David Einhorn's Greenlight Capital — which in the first quarter believed a recession and bear market were in the offing — lost 3.8% in the second quarter, trimming its year-to-date gain to just 4.1%, according to an August 7 investor letter seen by Business Insider. "While we anticipated the possibility of 'rip your face off' rallies, we certainly didn't expect the market to reach new all-time highs so quickly," the letter reads. "We still believe that the economy is slowing and could very well be headed into a recession. The market obviously disagrees." The diverging views among professional and amateur investors hit a new level in August after an unexpectedly poor jobs report and signs that inflation is ticking back up. Stocks fell that Friday, August 1 — but quickly rallied the following week. "The US stock market does not always reflect the broader economy," Rubner wrote, noting that competition is increasing for "dip alpha" — that is, investors are quick to buy stocks after a market dip, betting that stocks just went on sale and will rise in short order. A critical pivot point As we head toward fall, the stage is set for a reversal of fortune. If August is a lazy day at the beach for the stock market, September is like an icy cold plunge. While stocks generally rise in August — "consistent with the number of vacations, pool parties, and the general unwillingness to put on a new short during August," Rubner says — September is the worst month for performance, according to data going back to 1928. It's also historically more volatile. This persistent seasonal quirk is in part a byproduct of the summer holiday — traders return from vacation and rebalance their books as they gear up for an end-of-year push, cutting positions to make room for new ones. Many mutual funds similarly rebalance in September, dumping losing positions and adding to the downward pressure. September is also the nadir for retail traders. Retail participation traditionally thins as fall arrives, decelerating in August before hitting September, the lowest activity month of the year. Whether they're reacting to September's historic weakness or a factor in driving it, if Main Street money pulls back, that may take some wind out of the market's sails. And both macroeconomic and fundamental weaknesses that the market previously shrugged off could loom large. Einhorn's Greenlight says outside of companies benefiting from AI and the data center boom, "it is hard to find other areas that are doing well." The fund expects "the increased bite from tariffs to show up on shelves and in the data by September or October." Additionally, Rubner expects systematic, factor-driven strategies to reach full exposure by the end of August, "increasing vulnerability to downside shocks." In dissecting the rally in junk stocks and corresponding quant hedge fund losses, former AQR financial market research head Aaron Brown said in a column for Bloomberg that the likeliest resolution "is that the garbage rally runs out of steam and the junk stock prices sag back." He continued: "The nimble traders who took daily profits keep their winnings, the quant funds make back their losses, and the losers are less nimble day traders and medium or long-term investors who overpaid for junk." Overall retail participation in the US stock market has steadily increased, but a showdown is looming next month. Seasonal headwinds could test the resilience of the day traders and end their summer winning streak over the professional money managers. Read the original article on Business Insider Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
35 minutes ago
- Yahoo
What Makes Granite Construction (GVA) a Strong Momentum Stock: Buy Now?
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Granite Construction (GVA), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Granite Construction currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Set to Beat the Market? Let's discuss some of the components of the Momentum Style Score for GVA that show why this contractor and construction materials producer shows promise as a solid momentum pick. Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area. For GVA, shares are up 14.89% over the past week while the Zacks Building Products - Heavy Construction industry is up 5.23% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 14.31% compares favorably with the industry's 6.18% performance as well. Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Over the past quarter, shares of Granite Construction have risen 23.15%, and are up 55.79% in the last year. In comparison, the S&P 500 has only moved 13.05% and 20.74%, respectively. Investors should also take note of GVA's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now GVA is averaging 642,620 shares for the last 20 days.. Earnings Outlook The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with GVA. Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. This revision helped boost GVA's consensus estimate, increasing from $5.94 to $6.10 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period. Bottom Line Taking into account all of these elements, it should come as no surprise that GVA is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Granite Construction on your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Granite Construction Incorporated (GVA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Mercury Systems (MRCY) Q4 Earnings and Revenues Surpass Estimates
Mercury Systems (MRCY) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +123.81%. A quarter ago, it was expected that this maker of processing systems and software would post earnings of $0.06 per share when it actually produced earnings of $0.06, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Mercury Systems, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $273.11 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 12.99%. This compares to year-ago revenues of $248.56 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Mercury Systems shares have added about 25.8% since the beginning of the year versus the S&P 500's gain of 8.6%. What's Next for Mercury Systems? While Mercury Systems has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Mercury Systems was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.09 on $213.09 million in revenues for the coming quarter and $0.86 on $930.99 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense Equipment is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Elbit Systems (ESLT), has yet to report results for the quarter ended June 2025. The results are expected to be released on August 13. This maker of defense electronics is expected to post quarterly earnings of $2.57 per share in its upcoming report, which represents a year-over-year change of +23.6%. The consensus EPS estimate for the quarter has been revised 1.3% lower over the last 30 days to the current level. Elbit Systems' revenues are expected to be $1.89 billion, up 16.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mercury Systems Inc (MRCY) : Free Stock Analysis Report Elbit Systems Ltd. (ESLT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
