Following a profitable preliminary open season that concluded in December 2025, Phillips 66 PSX and Kinder Morgan, Inc. KMI introduced a second open season as a consequence of robust demand from prospects and gas suppliers for the proposed Western Gateway Pipeline. The second open season commenced on Jan. 16, 2026, to allocate the remaining pipeline capability and can finish on March 31, 2026.
The Western Gateway Pipeline is a pipeline system that goals to move refined fuels to western markets by upgrading and redirecting present pipelines.
The Western Gateway Pipeline features a new connecting pipeline that can transport gas from Borger, TX, to Phoenix, AZ and connect with KMI’s present SFPP pipeline. After circulate reversal of the SFPP pipeline between Watson and Colton, it’ll allow gas transport to California.
The PSX-operated Gold Pipeline plans to reverse its present course of circulate to allow gas transportation from the Midwest to Borger, TX, after which onward to California by way of the Western Gateway Pipeline.
Accordingly, the Western Gateway Pipeline will allow transport of refined merchandise from refineries close to Borger, TX, and the Midwest to Phoenix and California with connectivity to Las Vegas, NV, by way of KMI’s present CALNEV Pipeline and to Los Angeles, CA, by way of KMI’s present SFPP pipeline (after circulate reversal between Watson and Colton).
KMI and PSX have a presence in midstream operations and generate secure fee-based revenues insulated from crude value volatility. With sturdy demand for the Western Gateway Pipeline, each corporations are anticipated to generate extra money circulate, strengthen their enterprise fashions and improve investor enchantment.
Each KMI and PSX at the moment carry a Zacks Rank #3 (Maintain). You may see the entire record of in the present day’s Zacks #1 Rank (Sturdy Purchase) shares right here.
Different midstream gamers on this area are Enterprise Merchandise Companions L.P. EPD and The Williams Firms, Inc. WMB. Like PSX and KMI, each midstream gamers, WMB and EPD additionally generate secure fee-based revenues and are much less susceptible to grease and fuel value volatility. EPD at the moment carries a Zacks Rank #3, whereas WMB has a Zacks Rank #4 (Promote).
WMB, headquartered in Tulsa, OK, is a pacesetter in pure fuel infrastructure and has a powerful footprint within the deepwater Gulf, the Rockies, the Pacific Northwest and the Jap Seaboard. WMB has filed an FERC utility after signing buyer agreements to increase the ten billion cubic ft Pine Prairie storage and improve power reliability alongside the Gulf Coast.
With over 50,000 miles of pipeline community, greater than 300 million barrels of liquids storage amenities and different infrastructure, EPD can serve services to a number of markets.
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Williams Firms, Inc. (The) (WMB) : Free Inventory Evaluation Report
Enterprise Merchandise Companions L.P. (EPD) : Free Inventory Evaluation Report
Kinder Morgan, Inc. (KMI) : Free Inventory Evaluation Report
Phillips 66 (PSX) : Free Inventory Evaluation Report
This text initially printed on Zacks Funding Analysis (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
