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 28, 2026 10:08 AM 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

Research Associate

What’s Changed Joy.Golub@morganstanley.com +1 212 761-4924

Kinder Morgan Inc. (KMI.N) From To Victoria Xiong, CFA

Price Target $36.00 $38.00 Research Associate

Victoria.Xiong@morganstanley.com +1 212 761-0228

World Kinect Corporation (WKC.N) David Arcaro, CFA

Price Target $28.00 $30.00 Equity Analyst

Brookfield's decision to simplify its MLP/corporate tracker David.Arcaro@morganstanley.com +1 212 761-1817 Joe Laetsch, CFA

structures into single corporate currencies for both BIP/BIPC and Equity Analyst

Joe.Laetsch@morganstanley.com +1 212 761-8804

BEP/BEPC reflects a narrowed MLP investor base and should

lead to improved trading liquidity, index inclusion and investor NorthMidstreamAmericaEnergy Infrastructure

ownership supportive of higher valuation. Industry View Attractive

TABLE OF CONTENTS

Key Takeaways

• The Week in Review & Brief Notes

BIP/BIPC and BEP/BEPC each announced plans to simplify their partnership/

• Infrastructure Sector Weekly Performance

corporate tracker structures into single corporate securities.

• Infrastructure Sector Comps

Brookfield/BEP will acquire Aypa Power, North America's largest standalone • Infrastructure Sector Ratings & Price Targets

battery energy storage developer, from Blackstone for $7bn. • Infrastructure Sector Estimates