This month, Senior Portfolio Manager Brian Kessens highlights key themes driving the energy sector:
- Market Performance: Utilities lead; energy and power sectors outperform.
- Midstream Earnings: Beats from TC Energy, Enbridge; guidance trending higher.
- Capex Outlook: Project pipeline accelerating with stronger permitting support.
- M&A Activity: MPLX and Baker Hughes expand strategically.
- Upstream Trends: More output with less capex; Haynesville picks up steam.
- Power Constraints: Utilities stress grid buildout as AI load growth continues.
Listen in for a timely market update and energy sector insights.
PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS
Important Information
Nothing contained in this communication constitutes tax, legal, or investment advice. Investors must consult
their tax advisor or legal counsel for advice and information concerning their particular situation. This podcast contains
certain statements that may include “forward-looking statements.” All statements, other than statements of historical fact,
included herein are “forward-looking statements.” Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual events could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors. You should not place undue reliance on these forward-looking statements. This podcast reflects our views and opinions as of the date herein, which are subject to change at any time based on market and other conditions. We disclaim any responsibility to update these views. These views should not be relied on as investment advice or an indication of trading intention. Discussion or analysis of any specific company-related news or investment sectors are meant primarily as a result of recent newsworthy events surrounding those companies or by way of providing updates on certain sectors of the market. Through our family of registered investment advisers, we provide investment advice to related funds and others that includes investment into those sectors or companies discussed in these podcasts. As a result, we stand to beneficially profit from any rise in value from many of the companies mentioned herein including companies within the investment sectors broadly discussed.
The S&P 500® Index is an unmanaged, market-value weighted index of stocks that is widely regarded as the standard for measuring large-cap U.S. stock market performance. The S&P Energy Select Sector Index is a modified market capitalization-based index of S&P 500 companies in the energy sector that develop and produce crude oil and natural gas and provide drilling and other energy related services. Returns include reinvested dividends. The Alerian Midstream Energy Index is a broad-based composite of North American energy infrastructure companies. The capped, float-adjusted, capitalization-weighted index, whose constituents earn the majority of their cash flow from midstream activities involving energy commodities, is disseminated real-time on a price-return basis (AMNA) and on a total-return basis (AMNAX). The S&P 500® Utilities comprises those companies included in the S&P 500 that are classified as members of the GICS® utilities sector.