Infrastructure Weekly

研报英文原文证据摘录

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M

Foundation

August 11, 2026 12:58 PM GMT

North American Midstream & Renewable Energy

Infrastructure | North America

Morgan Stanley & Co. LLC

Robert S Kad

Equity Analyst

Infrastructure Weekly

Devin McDermott

Equity Analyst and Commodities Strategist

Joy Golub

Research Associate

What’s Changed

South Bow Corp (SOBO.TO)

From

To

Victoria Xiong, CFA

Price Target

C$40.00

C$44.00

Research Associate

Brookfield Infrastructure Partners L.P. (BIP.N)

Price Target

David Arcaro, CFA

$48.00

$50.00

Equity Analyst

Brookfield Infrastructure Corp (BIPC.N)

Price Target

Joe Laetsch, CFA

$48.00

$50.00

Equity Analyst

MPLX LP (MPLX.N)

Price Target

$60.00

$66.00

$38.00

$43.00

WaterBridge Infrastructure LLC (WBI.N)

Price Target

Stable fundamentals and increasing growth visibility underscore

value within both midstream and particularly renewable

infrastructure that we expect to be more fully appreciated

through continued execution.

Midstream Energy Infrastructure

North America

Industry View

Attractive

TABLE OF CONTENTS

• The Week in Review & Brief Notes

• Infrastructure Company & Industry News

• Infrastructure Sector Weekly Performance

• Infrastructure Sector Comps

Key Takeaways

WMB acquired Momentum Midstream (M6), a privately held Haynesville Shale

natural gas pipeline company owned by EnCap Flatrock Midstream, for ~$5.5bn.

• Infrastructure Sector Ratings & Price Targets

• Infrastructure Sector Estimates

• Midstream Energy Infrastructure Valuation

• Midstream Energy Infrastructure Fundamentals

RWE announced an agreement to invest $900mm to acquire an indirect 16%

stake in Woodside's Louisiana LNG project, in which WMB has an equity interest.

Michigan Supreme Court has vacated a 2023 approval of ENB's proposed Line 5

tunnel beneath the Straits of Mackinac, requiring a broader environmental

review.

Canada’s federal government is moving toward designating Alberta’s proposed

West Coast crude oil pipeline as a project of national interest.

Texas has paused portions of its data center interconnection process after Gov.

Greg Abbott ordered an audit of all data center projects in ERCOT’s queue.

…