Wells Fargo, 2favored PAA and TRGP in its midstream quarterly earnings preview
Wells Fargo said 2026quarter 2it was favoring Plains All American (PAA) and Targa Resources (TRGP) as it reviewed midstream quarterly earnings in advance. The assessment was reported to have come from a perspective focused on distributions and cash flow stability.
Wells Fargo said 2026quarter 2it was favoring Plains All American (PAA) and Targa Resources (TRGP) as it reviewed midstream quarterly earnings in advance. This could be interpreted as a signal for gauging the earnings trend in the midstream sector.
Wells Fargo said in a release on 7month 10day that it had placed the two stocks on its recommended list. The report said PAA and TRGP showed relative strength within the sector.
Midstream refers to infrastructure-related businesses such as the transportation, storage, and processing of crude oil and natural gas. 2Earnings season is when each company’s distribution policy and pipeline utilization rates are disclosed.
The report noted that, ahead of the earnings schedule across the sector, investors need to check individual companies' distribution guidance and cash flow metrics. Wells Fargo's preferred names were selected on the view that they show relative strength in these metrics.
The note was presented as a reference that could influence market reactions as sector earnings reports are released. Aside from PAA and TRGP, the report did not say that any other stocks were recommended with the same level of conviction.
Sources: Investing.com News
Bullstory synthesized this report from the linked sources. AI may have assisted the writing process. Check the original reports for factual confirmation.