Owner Scorecard


The groupings / Energy / Pipelines & Midstream

A grouping · a comparative table

Pipelines & Midstream

28 companies across the library’s three pools, one row each. The columns are the line items this kind of business is read on; each header names its basis, and the margins and returns are medians over each company’s readable record — the through-cycle level, never one year’s print. Rows open largest first by latest-year revenue, and every column sorts both ways — the re-ordering is the reader’s own act, and a sorted view keeps its order in the address bar. The company stays in view as the columns scroll. A dash is a figure that could not be read; n/a is one that does not apply to that member; both sit at the back of a sorted column.

As a group: median revenue $5.6B; median operating margin 25.6%; median owner earnings $1.7B; median return on invested capital 7.1%; 0 of 26 hold net cash; median dividends paid $1.1B. Medians of this table’s own columns, over the members each applies to · data as of August 17, 2026.

Pick two to four to weigh side by side. Compare these →
latest fiscal year, USD median over the record op. cash − maintenance capex · latest FY, USD after tax · median over the record debt − cash & ST investments · latest FY, USD latest fiscal year, USD
ET Energy Transfer LP Common Pipelines & Midstream $85.5B10.3%$3.8B8.7%$67.1B$4.7B
EPD Enterprise Products Partners L.P. Pipelines & Midstream $52.6B14.4%$6.5B11.5%$33.4B$4.7B
PAA Plains All American Pipeline L.P. Common Pipelines & Midstream $44.3B2.9%$2.3B5.6%$10.9B
PAGP Plains GP Holdings L.P. Class A Pipelines & Midstream $44.3B2.9%$2.3B-8.8% · 1y$10.9B
OKE ONEOK Inc. Pipelines & Midstream $33.6B15.8%$4.1B8.1%$31.9B$2.6B
LNG Cheniere Energy Inc. Pipelines & Midstream $20.0B25.1%$4.2B18.8%$22.8B$451M
TRGP Targa Resources Inc. Pipelines & Midstream $17.0B4.0%$2.4B4.8%$17.4B
KMI Kinder Morgan Inc. Pipelines & Midstream $16.9B27.0%$2.9B4.6%$40.2B$2.6B
VG Venture Global Inc. Pipelines & Midstream $13.8B37.4%$5.6B7.6% · 2y$31.9B$465M
WMB Williams Companies Inc. (The) Pipelines & Midstream $11.9B26.1%$3.6B6.3%$28.6B$2.4B
TRP TC Energy Corporation Pipelines & Midstream $11.0B42.9%($93M)7.5% · 3y$27.4B$2.5B
CQP Cheniere Energy Partners LP Common Pipelines & Midstream $10.8B30.3%$2.6B10.8%$17.4B$2.1B
MPLX MPLX LP Common Pipelines & Midstream $9.7B40.3%$4.6B9.6%$23.9B
PBA PEMBINA PIPELINE CORPORATION Pipelines & Midstream $5.6B28.1%$1.8B8.0%$7.9B$1.1B
WES Western Midstream Partners LP Common Pipelines & Midstream $3.8B43.1%$1.5B13.3%$7.8B$1.4B
NGL NGL ENERGY PARTNERS LP Common Pipelines & Midstream $3.2B2.8%$145M3.4%$3.3B
SOBO South Bow Corporation Pipelines & Midstream $2.0B51.5%$576M$416M
KNTK Kinetik Holdings Inc. Pipelines & Midstream $1.8B8.7%$221M2.6%$3.8B$194M
GEL Genesis Energy Pipelines & Midstream $1.6B10.9%$66M3.9%$3.4B
HESM Hess Midstream LP Pipelines & Midstream $1.6B60.4%$728M17.4%$3.8B
KGS Kodiak Gas Services Pipelines & Midstream $1.3B28.7%$284M5.8%$2.6B$160M
DTM DT Midstream Inc. Common Stock Pipelines & Midstream $1.2B51.1%$609M5.2%$3.3B$324M
EE Excelerate Energy Inc. Pipelines & Midstream $1.2B19.9%$298M6.6%$398M$9M
AM Antero Midstream Corporation Pipelines & Midstream $1.2B56.4%7.1%$3.0B$439M
DKL Delek Logistics Partners L.P. Common Pipelines & Midstream $1.0B20.9%$112M19.4%$2.3B
USAC USA Compression Partners LP Common Pipelines & Midstream $998M23.1%$277M6.3%$2.5B
SMC Summit Midstream Corporation Pipelines & Midstream $562M12.9%$45M1.1% · 2y$1.0B
TGS Transportadora de Gas del Sur SA TGS Pipelines & Midstream as filed: ARS 1.22T34.4%as filed: ARS 354.5B12.9% · 1yas filed: ARS 520.1Bas filed: ARS 0

Every figure is recomputed from the company’s own SEC or EDINET filings, the same way as on its page; the columns name facts, weigh nothing, and form no rank. Foreign filers are stated in US dollars at the dated reference rate (as of 2026-08-20) so each money column sorts on one basis; their own pages keep the records as filed. A foreign filer whose conversion terms are missing shows its money as filed and sorts to the back of the column — never a guessed conversion. Ratios and margins are currency-free.