These Top Dividend Stocks Are Adding Even More Fuel to Their Growth Engines
Demand for natural gas will surge in coming years. Catalysts like the onshoring of manufacturing, the electrification of everything, and artificial intelligence (AI) data centers will drive up power demand. That should fuel significant incremental demand for natural gas. This outlook is driving companies to lock up additional gas supplies to fuel their energy needs. That's allowing pipeline companies to approve new projects to expand their systems to support higher gas volumes. These projects will grow their cash flows, giving them more fuel to increase their dividends.WPC, a joint venture (JV) between WhiteWater, MPLX (NYSE: MPLX), and Enbridge (NYSE: ENB), is partnering with another midstream company, Targa Resources (NYSE: TRGP), to build the Traverse Pipeline. The 160-mile pipeline will transport up to 1.75 billion cubic feet of natural gas per day along the Gulf Coast between Agua Dulce in South Texas and the Katy area. The pipeline will source gas from the Whistler, Blackcomb, and Matterhorn Express pipelines, all owned by one or more of the partners. It will enhance the flow of gas in the region, giving shippers greater access to premium markets, like liquefied natural gas (LNG) export terminals. Continue reading
Demand for natural gas will surge in coming years. Catalysts like the onshoring of manufacturing, the electrification of everything, and artificial intelligence (AI) data centers will drive up power demand. That should fuel significant incremental demand for natural gas.
This outlook is driving companies to lock up additional gas supplies to fuel their energy needs. That's allowing pipeline companies to approve new projects to expand their systems to support higher gas volumes. These projects will grow their cash flows, giving them more fuel to increase their dividends.
WPC, a joint venture (JV) between WhiteWater, MPLX (NYSE: MPLX), and Enbridge (NYSE: ENB), is partnering with another midstream company, Targa Resources (NYSE: TRGP), to build the Traverse Pipeline. The 160-mile pipeline will transport up to 1.75 billion cubic feet of natural gas per day along the Gulf Coast between Agua Dulce in South Texas and the Katy area. The pipeline will source gas from the Whistler, Blackcomb, and Matterhorn Express pipelines, all owned by one or more of the partners. It will enhance the flow of gas in the region, giving shippers greater access to premium markets, like liquefied natural gas (LNG) export terminals.
