3 Energy Stocks Investors Are Watching After Saudi Supply Risk Returns

Geopolitical risk is no longer an abstract headline for energy investors. With repeated Houthi attacks on Riyadh’s King Khalid International Airport and fresh questions around Saudi supply routes, pricing power, sentiment and capital flows are all in play. That kind of stress can reshuffle winners and laggards quickly. This article walks through three stocks exposed to the latest news, outlining where some see potential resilience and where caution may be warranted.

The stocks covered below are just a first cut, and the full screen on Simply Wall St surfaced 21 more global energy and oil and gas producers with equally compelling narratives that are not unpacked here. To identify and analyze your own highest conviction ideas from this wider universe, head straight into the Global Energy and Oil & Gas Producers screener.

Golar LNG (GLNG)

Overview: Golar LNG designs, converts and runs floating liquefied natural gas vessels that turn remote gas fields into exportable LNG at sea.

Operations: Golar LNG generates about US$503 million from its first FLNG unit and roughly US$20 million from corporate and other activities.

Market Cap: US$4.9 billion

For an investor looking at global producers tied to LNG flows rather than onshore fields, Golar LNG offers a focused exposure to floating liquefaction capacity that directly plugs into the screener’s theme of large, listed energy infrastructure tied to gas pricing and geopolitical risk.

"The company has secured long-term (20-year) charters for its existing FLNG units, providing $17 billion in contracted EBITDA backlog and 20 years of cash flow visibility, which is expected to drive a significant (4x) increase in EBITDA and contracted free cash flow by 2028."

What happens to that cash flow story if a single key assumption about future LNG pricing and contract economics shifts under the surface?

If that core assumption is what you are testing, read the full narrative for Golar LNG to see how pricing risk, contract terms and new projects could be interacting.

Hess Midstream (HESM)

Overview: Hess Midstream runs pipelines, processing plants and export terminals that move Hess and third party oil, gas and water across the Bakken.

Operations: Hess Midstream generates about US$858 million from Gathering, US$614 million from Processing and Storage, and US$142 million from Terminaling and Export, all in the United States.

Market Cap: US$6.7 billion

Hess Midstream fits this global energy screen as a fee based midstream operator. Its volumes can be supported when crude prices stay firm and Bakken drilling remains active.

"Approximately 95% of 2026 revenues, declining to 90% in 2027 and 80% in 2028, are backed by minimum volume commitments. About 85% of revenues are on fixed fees with inflation escalators and the balance is on annually reset cost of service contracts through 2033."

What happens to that comfortable picture of steady cash generation if a single assumption about long term Bakken production quietly slips off track?

If that production curve is what keeps you hesitating, read the full narrative for Hess Midstream to see how Hess Midstream’s fee structure and growth options could still be pulling ahead.

Targa Resources (TRGP)

Overview: Targa Resources runs a large North American midstream network that gathers, processes, transports and markets natural gas, NGLs and crude.

Operations: Targa Resources generates about US$6.6 billion from Gathering and Processing and roughly US$13.8 billion from Logistics and Transportation, offset by corporate items.

Market Cap: US$61.5 billion

For this Global Energy and Oil & Gas Producers screen, Targa Resources provides a focused way to track how changes in throughput and pricing across the U.S. energy system can affect earnings for a large midstream operator that sits between producers and end users.

"Strong growth in natural gas and NGL volumes across the Permian remains a live driver as Targa Resources reports record Permian inlet volumes of 7.2 billion cubic feet per day and continues to add new plants like Copperhead I and II, Yeti I and II, Roadrunner III and East Driver."

The key question for Targa Resources is what happens to that volume-focused story if a single unseen pressure on future margins shifts.

When that margin pressure matters most, the full narrative for Targa Resources shows where Targa Resources could still accelerate, stall, or quietly decouple from headline volume trends.

Seeking Fresh Alternatives Before Others

New themes can gain momentum quickly, and many strong ideas do not stay under the radar for long. Before the next breakout happens, review these fresh shortlists while it matters and consider them early.

• Target resilient payers that prioritize stability and income by scanning the 8 dividend fortresses before yields change and other investors focus on the same trades.
• Track the build out of next generation computing by running the 25 quantum computing stocks while these potential compounders are still flying under most radars.
• Spot infrastructure plays tied to rising electricity demand by working through the 43 power grid technology and infrastructure stocks before the grid upgrade theme becomes widely reflected in prices.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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