The company is ranked among hot energy stocks to buy. Mizuho retained its Outperform rating but reduced its price target slightly after third-quarter earnings, which came in slightly below expectations. A major positive is the company's significant $9.3 billion project backlog and a projected 4.5% EBITDA growth rate. A key future project, the Western Gateway Pipeline, is proposed to deliver fuels to Arizona and California by 2029, representing a substantial growth opportunity, though some analysts find other midstream stocks more compelling for now.