Capital One initiates coverage on US midstream companies, sees favorable tailwinds

The Williams Companies

22/09/2026 15:44

** Capital One Securities initiates coverage on US midstream companies and says the Middle East conflict has put a spotlight on the relative safety and security of US infrastructure
** Brokerage adds several favorable industry tailwinds remain in place and believes investors should buy any material pullback in the stocks
** With Permian egress coming online, we expect fewer concerns around curtailments and regional pricing near-term, although issues could resurface as early as 2028 — Capital One Securities 
** Brokerage says inventory depth and quality, peak production timing, gas-to-oil ratios, improved recoveries and new horizons will remain key topics going forward 
     
Brokerage initiates coverage on the following companies:
Company name
PT
Rating
Upside/downside to stock's last close
Enterprise Product Partners EPD.N 
$42
Equalweight
9.2% upside
Energy Transfer ET.N 
$26
Overweight
24.4% upside
Kinder Morgan KMI.N 
$36
Equalweight
13.4% upside
ONEOK OKE.N 
$110
Overweight
19.9% upside
Williams Companies WMB.N 
$92
Overweight
28.4% upside 
     

(Reporting by Tyakshi Singh in Bengaluru)
((Tyakshi.singh@thomsonreuters.com))