Top 3 Pipeline Stocks To Watch In November 2026

Fresh pressure on global climate goals is exposing how much the world still relies on natural gas. Wall Street’s own “energy transition” funds are packed with it, and that keeps attention squarely on the pipes that move those molecules. For investors, that puts midstream pipeline operators on the radar. This article walks through three stocks from our US midstream screen that plug directly into this story.

The three stocks below are just a starting sample from this theme. The full screen surfaced 19 more midstream operators with equally compelling narratives that are not covered here. To identify and analyze your own highest conviction ideas within this space, head straight to the US Midstream Oil and Gas Pipeline Operators screener.

Marathon Petroleum (MPC)

Marathon Petroleum plugs into the midstream theme through its pipeline and storage network, even though refining still does most of the heavy lifting for the business. That mix makes the stock a useful bridge between policy driven midstream demand and old fashioned fuel economics.

Marathon Petroleum runs a large US focused downstream operation that refines and markets fuels, supported by a Midstream unit that owns pipelines, storage and logistics tied directly to higher throughput demand from easier permitting. Refining and Marketing generated about US$165.1b of segment revenue in the latest period, Midstream added roughly US$12.1b and Renewable Diesel about US$4.1b, with total activity overwhelmingly based in the United States. The company has a market value of about US$102.7b.

"The push to "unleash American energy" amplifies demand for midstream services as upstream production ramps up, particularly in regions like Alaska and offshore areas reopened for drilling. Pipelines and storage facilities will be critical to moving larger volumes of oil and gas efficiently, especially with the renewed emphasis on LNG exports to meet global demand."

For Marathon Petroleum, what happens when one pressure point in that refined fuel and midstream volume story finally shifts will matter a lot for future cash generation.

That inflection point is exactly what the full narrative for Marathon Petroleum unpacks, mapping how accelerating policy shifts, capital returns and refinery exposure could reshape the risk reward profile.

Kinder Morgan (KMI)

Kinder Morgan sits closer to the center of the midstream story than many peers, because its gas and product pipelines are the actual hardware that any push to accelerate US fossil fuel infrastructure runs through.

Kinder Morgan is a Houston based energy infrastructure operator whose core link to the theme is its US natural gas and refined products pipelines, storage and LNG facilities. Natural Gas Pipelines generated about US$11.9b of revenue, Products Pipelines roughly US$3.0b, with Terminals and CO2 adding about US$2.2b and US$1.2b respectively. The stock has a market value near US$67.3b.

"The large opportunity set of roughly $10b in natural gas projects that are not yet in Kinder Morgan's sanctioned backlog, including power, LNG and industrial demand across the Southern United States, gives the company multiple avenues to add contracted volumes that can support future revenue and EBITDA growth if converted into projects."

What ultimately happens to investor returns hinges on how one pressure point in that future project mix and contract quality story resolves.

That turning point is exactly what the full narrative for Kinder Morgan lays out, tracing how project timing, contract quality, and capital allocation could accelerate or stall Kinder Morgan’s next chapter.

PBF Energy (PBF)

PBF Energy is first and foremost a refiner. Its Logistics arm, with pipeline transportation and storage services, gives it a direct link into policy driven midstream expansion that could matter more as volumes and export flows reshape how fuel moves across North America.

PBF Energy refines and supplies fuels across the US and internationally, with about US$38.8b of revenue from Refining and US$375 million from Logistics, and a market value of roughly US$8.4b.

"Pipelines and storage facilities will be critical to moving larger volumes of oil and gas efficiently, especially with the renewed emphasis on LNG exports to meet global demand."

For PBF Energy, what happens to one pressure point in that throughput and cash flow story could heavily influence how investors view the midstream angle.

That inflection point is where the full narrative for PBF Energy shows how PBF Energy’s logistics leverage, capital choices and refining swings could be quietly reshaping its midstream upside.

Seeking Alternatives Before The Crowd Moves

Fresh midstream ideas will not stay under the radar for long. Once momentum builds, entry points can quickly move higher. Scan these curated lists now and consider them before they become crowded.

• Target steady cash generators with pricing power by running the 8 dividend fortresses while yields still look appealing and payout strength remains less widely followed.
• Look for resilient balance sheets backing real earnings by checking the list of solid balance sheet and fundamentals (24 results) before the crowd focuses on quality and reduces potential opportunities.
• Explore potential infrastructure opportunities by scanning the 42 power grid technology and infrastructure stocks while valuations still reflect earlier assumptions and before additional capital enters the space.

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