Latest Midstream Energy News

Targa Resources delivered a sharp year-on-year earnings rise and lifted its 2026 adjusted EBITDA outlook to at least US$6.0 billion. The midstream operator is also preparing to recommend a 20% increase in its 2027 common dividend, though heavy expansion spending is keeping free cash flow tight.

Channel Infrastructure NZ Limited reported a 47% rise in net profit for H1 2026, driven by expanded fuel storage capacity and upgraded EBITDA guidance, while declaring a 16% higher interim dividend.

Argo Global Listed Infrastructure (ASX: ALI) reported a robust FY2026 with total assets rising to $529 million and a record fully franked dividend of 10 cents per share. The portfolio outperformed benchmarks, driven by strong gains in electric utilities and midstream energy sectors amid AI-driven data centre demand.

Argo Global Listed Infrastructure posted a 24% profit decline to $39.5 million for FY2026 but declared a record fully franked dividend of 10 cents per share, supported by AI-driven data centre demand.

Jade Gas Holdings has appointed industry veteran Chris Newport as Managing Director to spearhead its transition from exploration to production in Mongolia’s coal bed methane sector. Newport’s extensive global experience is expected to accelerate the company’s commercialisation efforts ahead of first gas output.