The latest rebalance of VettaFi's Thematic Rotation Quality Momentum Screened Index (TQRMS), tracked by the NBI Thematic Rotation ETF (NTHM:TSX), reshapes the portfolio around a new set of themes. GLP-1 weight loss drug manufacturers and midstream energy join the index, while battery technology & storage and software-as-a-service (SaaS) exit.
The midstream energy segment is seeing a wave of large-scale M&A after a slower start to 2026. This has been largely driven by companies racing to expand natural gas and crude oil infrastructure to support growing export demand for liquefied natural gas (LNG), natural gas liquids (NGLs), and crude oil.
TULSA, Okla., Sept. 10, 2026 (GLOBE NEWSWIRE) -- ONEOK, Inc. (NYSE: OKE) today announced the closing of the previously announced $9 billion minority equity investment by funds and affiliates managed by Apollo (NYSE: APO) (Apollo).
The North American midstream sector is entering a period of accelerated growth. Surging liquefied natural gas (LNG) exports and rapidly expanding power generation demand are driving record multi-billion-dollar project backlogs.
As noted last week, midstream MLPs and corporations broadly raised full-year financial guidance following a strong second quarter. Looking ahead, the sector's growth runway is accelerating.
ONEOK is set to acquire Brazos Midstream's Permian Midland Basin natural gas gathering and processing assets for $4.43 billion, expanding its footprint in prolific American oil hub.
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