Kinder Morgan (KMI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
In Q1, Marathon Petroleum (MPC) spent $636 million on capital programs (46% on Refining & Marketing and 51% on the Midstream segment) compared to $690 million in the year-ago period.
Northern (NOG) expects to spend in the range of $240-$260 million in the second quarter. The total budget for 2024 is projected to be between $825 million and $900 million.