WMB Gas & NGL Marketing Services Portfolio — natural gas project
Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.
Project information
As at 31 December 2025
Description
As at 31 December 2025
Segment rollup of natural gas and NGL marketing: asset management, wholesale marketing, trading, storage and transportation for utilities, municipalities, power generators and producers, plus marketing of equity and third-party NGLs. 2025 Modified EBITDA of $311 million (2024: $(124) million; 2023: $950 million). Includes the March 2025 minority equity-method investment in Cogentrix. In 2025 the three largest NGL marketing customers accounted for ~42% of NGL marketing sales.
Portfolio Aggregate · Processing facilities
Multiple effective dates
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