Latest news with #pipelineoperator
Reuters
4 hours ago
- Business
- Reuters
Western Midstream to buy Aris Water for $1.5 billion
Aug 6 (Reuters) - Western Midstream Partners (WES.N), opens new tab said on Wednesday it will acquire Aris Water Solutions (ARIS.N), opens new tab in a cash-and-stock deal valued at about $1.5 billion as it aims to diversify operations in the Permian Basin. The U.S. natural gas-focused pipeline operator has been seeking to create a leading water infrastructure platform in the top U.S. oilfield and diversify its customer base across West Texas and southeastern New Mexico. Aris shareholders will receive 0.625 common units of Western Midstream for each Aris share, or $25 per share in cash. The maximum cash consideration for the transaction is $415 million. The deal is expected to close in the fourth quarter of 2025.
Yahoo
6 days ago
- Business
- Yahoo
Enbridge beats second-quarter profit estimates
(Reuters) -Enbridge beat estimates for second-quarter profit on Friday, as the Canadian pipeline operator capitalized on growing power demand and strong natural gas fundamentals. The company reported an adjusted profit of 65 Canadian cents per share for the quarter ended June 30, beating analysts' average expectation of 57 Canadian cents, according to data complied by LSEG. 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
Reuters
6 days ago
- Business
- Reuters
Enbridge beats second-quarter profit estimates
Aug 1 (Reuters) - Enbridge ( opens new tab beat estimates for second-quarter profit on Friday, as the Canadian pipeline operator capitalized on growing power demand and strong natural gas fundamentals. The company reported an adjusted profit of 65 Canadian cents per share for the quarter ended June 30, beating analysts' average expectation of 57 Canadian cents, according to data complied by LSEG.
Yahoo
7 days ago
- Business
- Yahoo
TC Energy beats profit estimates on natural gas and power demand
(Reuters) -Canadian pipeline operator TC Energy beat analysts' estimates for second-quarter profit on Thursday, helped by increased natural gas and power demand. With energy demand growing across North America, the need for renewable and lower-emission electricity is also set to rise. TC Energy believes new hydro, solar, wind, nuclear and energy storage capacity will be required to meet growing demand and support a shift in the energy mix. The company's total quarterly revenue rose 12% to C$3.74 billion ($2.70 billion), supported by higher adjusted core earnings from Mexican, Canadian and U.S. natural gas pipelines. On an adjusted basis, the Calgary-based company earned 82 Canadian cents per share for the three months ended June 30, compared with analysts' average expectation of 78 Canadian cents, according to data compiled by LSEG. ($1 = 1.3849 Canadian dollars) 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
