15 Biggest Midstream Companies Heading into 2023

Ramish Cheema
11 min read

In This Article:

In this piece, we will take a look at the 15 biggest midstream companies heading into 2023. If you want to skip our introduction to the industry and jump ahead to the top five stocks in this list, then take a look at 5 Biggest Midstream Companies Heading Into 2023.

The oil and gas industry has been the star performer in the stock markets this year, as the energy crisis ushered in by the Russian war in Ukraine drove investors to a sector that only recently was placed right at the heart of climate change. Populations in developing and developed nations alike suffered from high gasoline prices since the global oil market faced a demand imbalance in the wake of increased demand for non-Russian oil.

Now, the consensus is that there is an underinvestment in oil exploration, and this give and take between high costs and investment in energy exploration was summarized perfectly by hedge fund boss and billionaire Mr. Ken Fisher in an interview he gave in June 2022. Taking stock of the current situation, Mr. Fisher outlined:

. . .Rising prices do have a negative impact on the desire to consume and GDP are real, but I want to point out that there's counterbalances to all these features and these are ones that people don't think about at a time like this. Rising energy prices inherently create a greater desire on a global basis to invest in energy, in the ground, or other ways. And there's a fairly long history that shows that that's a tight correlation. And what that does is that it buoys the economy. The fundamental feature is that partly, when the price of energy is up, people choose to do maybe something that they wouldn't do otherwise, maybe drive a little less, maybe do something else. But in doing that they're also still spending money. To the extent they suffer the consequences of the price of energy, the counterbalance is that somebody, somewhere is investing in creating more energy, and that's helping somebody.

Today's list focuses on the midstream oil and gas sector, and these firms primarily serve as the link between the oil producers and the end consumer. The midstream equipment segment was worth $28 billion in 2020, and it will grow at a compounded annual growth rate (CAGR) of 6.36% to sit at $44.5 billion by 2027. The top firms on our list are Enterprise Products Partners L.P. (NYSE:EPD), Enbridge Inc. (NYSE:ENB), and TC Energy Corporation (NYSE:TRP).

15 Biggest Midstream Companies Heading into 2023
15 Biggest Midstream Companies Heading into 2023

tcly / shutterstock.com

Our Methodology

We studied the midstream market in detail and identified the top players. These were then ranked through their market capitalization.

Recommended Stories