{"id":624606,"date":"2026-03-09T23:28:47","date_gmt":"2026-03-10T06:28:47","guid":{"rendered":"https:\/\/nai500.com\/?p=624606"},"modified":"2026-03-09T23:28:47","modified_gmt":"2026-03-10T06:28:47","slug":"%e8%ba%ba%e7%9d%80%e8%b5%9a%e9%92%b1%e4%b8%89%e5%8f%aa%e8%83%bd%e6%8b%bf%e5%8d%81%e5%b9%b4%e7%9a%84%e9%ab%98%e8%82%a1%e6%81%af%e8%83%bd%e6%ba%90%e8%82%a1","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2026\/03\/%e8%ba%ba%e7%9d%80%e8%b5%9a%e9%92%b1%e4%b8%89%e5%8f%aa%e8%83%bd%e6%8b%bf%e5%8d%81%e5%b9%b4%e7%9a%84%e9%ab%98%e8%82%a1%e6%81%af%e8%83%bd%e6%ba%90%e8%82%a1\/","title":{"rendered":"\u8eba\u7740\u8d5a\u94b1\uff1f\u4e09\u53ea\u80fd\u62ff\u5341\u5e74\u7684\u9ad8\u80a1\u606f\u80fd\u6e90\u80a1"},"content":{"rendered":"<p class=\"p1\"><span 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class=\"s1\">Energy Transfer (<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=ET\"><span 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class=\"s2\">EPD<\/span><\/a>\uff09\u5df2\u8fde\u7eed27\u5e74\u589e\u52a0\u5206\u7ea2\u3002\u8003\u8651\u5230\u671f\u95f4\u7ecf\u5386\u7684\u591a\u6b21\u80fd\u6e90\u5e02\u573a\u5d29\u6e83\u548c\u7ecf\u6d4e\u56f0\u96be\u65f6\u671f\uff0c\u8fd9\u4e00\u7eaa\u5f55\u4ee4\u4eba\u5370\u8c61\u6df1\u523b\uff0c\u4e5f\u5145\u5206\u4f53\u73b0\u4e86\u8be5\u516c\u53f8\u4e00\u8d2f\u7684\u4fdd\u5b88\u548c\u53ef\u9760\u7279\u8d28\u3002\u8be5\u80a1\u76ee\u524d\u80a1\u606f\u7387\u4e3a5.9%\uff0c\u5206\u7ea2\u5e74\u589e\u957f\u7387\u7ea6\u4e3a3%\u81f34%\u3002\u516c\u53f8\u62e5\u6709\u4e1a\u5185\u6700\u597d\u7684\u8d44\u4ea7\u8d1f\u503a\u8868\u4e4b\u4e00\uff0c\u4e0a\u4e00\u5b63\u5ea6\u80a1\u606f\u8986\u76d6\u6bd4\u7387\u9ad8\u8fbe1.8\u500d\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u516c\u53f8\u5df2\u5c062026\u5e74\u7684\u8d44\u672c\u652f\u51fa\u9884\u7b97\u4ece2025\u5e74\u768444\u4ebf\u7f8e\u5143\u524a\u51cf\u81f325\u4ebf\u81f329\u4ebf\u7f8e\u5143\uff0c\u9884\u8ba1\u4eca\u5e74\u5c06\u62e5\u6709\u5145\u88d5\u73b0\u91d1\u3002\u591a\u4e2a\u589e\u957f\u9879\u76ee\u4e5f\u5c06\u5728\u4eca\u5e74\u665a\u4e9b\u65f6\u5019\u6295\u8fd0\uff0c\u516c\u53f8\u9884\u6d4b2027\u5e74\u8c03\u6574\u540eEBITDA\u548c\u73b0\u91d1\u6d41\u5c06\u5b9e\u73b0\u4e24\u4f4d\u6570\u589e\u957f\u3002\u603b\u4f53\u800c\u8a00\uff0cEnterprise 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class=\"s2\">OXY<\/span><\/a>\uff09\u91cd\u65b0\u7b7e\u8ba2\u4e86\u534f\u8bae\uff0c\u5c06\u670d\u52a1\u6210\u672c\u7ed3\u6784\u6539\u4e3a\u56fa\u5b9a\u6536\u8d39\u6a21\u5f0f\u3002\u6b64\u5916\uff0cWestern Midstream\u8fd8\u6269\u5927\u4e86\u4e0e\u5eb7\u83f2\u77f3\u6cb9\u516c\u53f8\u5728\u7279\u62c9\u534e\u76c6\u5730\u7684\u5408\u4f5c\uff0c\u4ee5\u8fdb\u4e00\u6b65\u51cf\u5c11\u5bf9\u897f\u65b9\u77f3\u6cb9\u7684\u4f9d\u8d56\u3002\u901a\u8fc7\u6536\u8d2dAris Water Solutions\u516c\u53f8\u548cPathfinder Pipeline\u9879\u76ee\uff0cWestern 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