Infrastructure Weekly: North American Midstream & Renewable Energy Infrastructure | North America

研报英文原文证据摘录

Infrastructure Weekly: North American Midstream & Renewable Energy Infrastructure | North America

Foundation

July 13, 2026 05:58 PM GMT

Morgan Stanley & Co. LLCMNorth American Midstream & Renewable Energy Robert S Kad

Infrastructure | North America Equity Analyst

Robert.Kad@morganstanley.com +1 212 761-0065

Devin McDermott

Equity Analyst and Commodities StrategistInfrastructure Weekly Devin.McDermott@morganstanley.com +1 212 761-1125

Joy Golub

While geopolitical uncertainty around the U.S.-Iran conflict Research Associate

Joy.Golub@morganstanley.com +1 212 761-4924

lingers, Permian Basin natural gas production has started to Victoria Xiong, CFA

grow in response to new pipeline takeaway capacity. ResearchVictoria.Xiong@morganstanley.comAssociate +1 212 761-0228

David Arcaro, CFA

Key Takeaways EquityDavid.Arcaro@morganstanley.comAnalyst +1 212 761-1817

According to S&P, Permian Basin gas production has averaged ~24.8 Bcf/d in July Joe Laetsch, CFA

Equity Analyst

MTD (monthly record) following June 23 start of KMI's 570 MMcf/d GCX Joe.Laetsch@morganstanley.com +1 212 761-8804

expansion.

Midstream Energy Infrastructure

The NGSA calculated that 19 major interstate natural gas pipelines collectively North America

Industry View Attractive

earned ~$1.3bn above a 12% ROE during 2025.

TABLE OF CONTENTS

ET's Transwestern Pipeline continues to face regulatory opposition as it seeks

FERC approval for its proposed Green Chile natural gas pipeline expansion in NM. • The Week in Review & Brief Notes

A Texas state district court has ordered CPS Energy to pay nearly $400mm to ET • Infrastructure Sector Weekly Performance

for natural gas purchased during Winter Storm Uri in February 2021. • Infrastructure Sector Comps