ETF Trends
20 Oct 2026, 11:43 UTC · 1h ago
What the Senate Permitting Bill Means for Midstream
Impact · against what's priced in
The proposed BAAJA permitting reforms are largely non-catalytic for Williams as the market already discounts the upside from resolving infrastructure bottlenecks. For Energy Transfer, the litigation reforms provide a tangible reduction in tail risk for future interstate projects.
- WMB+0.15
Challenges what's priced in
- The price assumes
The upside from resolving infrastructure bottlenecks and capacity constraints
The market currently declines to pay for the upside from resolving infrastructure bottlenecks; BAAJA's effort to limit state-level roadblocks and legal challenges directly addresses the regulatory friction that created those bottlenecks.
What WMB's price assumes · Sep 10
