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Texas
429 posts
Vantage Data Centers explores $100bn IPO as AI infrastructure boom puts mega-valuation to the test
Vantage Data Centers is reportedly evaluating an IPO that could value the hyperscale infrastructure company at about $100 billion, alongside possible sale options. The potential valuation would put Vantage close to Equinix in public-market scale, making contracted AI demand, debt, power availability and returns on billions of dollars of new capacity the critical tests.
Vistra Q2 EBITDA jumps 31% as Cogentrix and Meta nuclear deals set up the next earnings test
Vistra delivered $1.77 billion of second-quarter adjusted EBITDA as higher power prices, capacity revenue and acquired gas generation lifted earnings. Cogentrix and Meta could add another layer from 2027, but a sharp VST share-price pullback shows investors are demanding proof that scarce dispatchable power can translate into durable per-share growth.
Cheniere Energy raises 2026 EBITDA outlook as Corpus Christi LNG expansion accelerates
Cheniere Energy has raised its 2026 adjusted EBITDA guidance to as much as $8.4 billion as Corpus Christi Stage 3 adds LNG volumes and global margins remain supportive. The next test is whether construction-led growth, another 5 mtpa of authorised capacity and a proposed 24 mtpa expansion can keep lifting cash flow as global LNG supply eventually catches up.
Constellation to sell 606MW Brazos Valley gas plant for $860m as LS Power deepens ERCOT bet
LS Power is paying $860 million for Constellation Energy’s 606MW Brazos Valley Energy Center near Houston, completing the final plant sale required by the Calpine antitrust settlement. The price highlights the scarcity value of existing dispatchable generation in ERCOT, but the buyer will still depend on volatile Texas power-market economics to justify the investment.
Investors put another $1bn into Base Power as home batteries become grid infrastructure
Base Power has raised $1 billion and begun producing its Base Core residential battery in Austin, giving the company fresh capital to expand its distributed energy network across the United States. The valuation reflects growing confidence in virtual power plants, but Base must still prove that its capital-intensive ownership model can generate durable returns at national scale.
Williams to buy Momentum Midstream for $5.5bn as Haynesville LNG strategy accelerates
The Williams Companies is acquiring Momentum Midstream to create a larger Haynesville gathering and transportation platform linked to Gulf Coast LNG, power and industrial demand. The transaction is expected to lift per-share earnings, but Williams must absorb new equity, fund additional pipelines and convert projected 2027 EBITDA into dependable cash flow.
What changes for customers after Formosa Plastics absorbs Formosa Industries Corporation?
Formosa Plastics Corporation, U.S.A. has absorbed Formosa Industries Corporation in an internal merger that consolidates polyethylene operations, contracts and administrative responsibilities under one surviving legal entity.
CubeSmart (NYSE: CUBE) lifts 2026 outlook as same-store NOI still falls 0.7% and payout ratio rises
CubeSmart raised 2026 guidance and formed a $197M Heitman JV, but same-store NOI still fell 0.7% and the FFO payout ratio climbed to 84.1% from 80.0%.
CenterPoint Energy (CNP) Q2 2026 beats: Houston load queue swells to 14 GW, capex plan lifted $1.2bn
CenterPoint Energy submits 14 GW of Houston load via ERCOT Batch Zero, a 65% jump over current peak, and lifts its 10-year capex plan to $66.7 billion.
Gibson Energy net income jumps 37% as Chauvin deal drives record infrastructure earnings
Gibson Energy net income rose 37% as Chauvin and higher terminal throughput drove record infrastructure earnings. See what comes next.