Sign in

    Vrathan Reddy

    Research Analyst at JPMorgan Chase & Co.

    Vrathan Reddy is an Equity Analyst at JPMorgan Securities LLC, specializing in coverage of energy sector companies such as Plains All American Pipeline and Plains GP Holdings. He actively participates in earnings calls for these firms and provides research on portfolio and market dynamics, although specific performance metrics or analyst rankings are not publicly available. Beginning his career after graduating from Rutgers Business School in 2022, Reddy joined JPMorgan Securities in 2021 and continues to serve in the analyst role, with no publicly noted prior professional experience at other firms. His professional credentials include his analyst position at JPMorgan Securities LLC, though detailed securities licenses or FINRA registration information is not disclosed.

    Vrathan Reddy's questions to PLAINS GP HOLDINGS (PAGP) leadership

    Vrathan Reddy's questions to PLAINS GP HOLDINGS (PAGP) leadership • Q1 2025

    Question

    Vrathan Reddy, on for Jeremy Tonet, asked about the outlook for growth CapEx and how much is committed for 2026, as well as the philosophy behind the increased NGL hedging to 80%.

    Answer

    Executive Chris Chandler confirmed the 2025 CapEx guidance of $400 million is unchanged and expects 2026 spending to be within the long-term range of $300-$400 million. Executive Jeremy Goebel explained the hedging strategy remains consistent: maintaining steady cash flow and being opportunistic, which led to more front-end hedging in the current backwardated market.

    Ask Fintool Equity Research AI

    Vrathan Reddy's questions to ONEOK INC /NEW/ (OKE) leadership

    Vrathan Reddy's questions to ONEOK INC /NEW/ (OKE) leadership • Q4 2024

    Question

    Vrathan Reddy, on for Jeremy Tonet, requested a breakdown of the 2025 capital expenditure guidance between large projects and smaller synergy-related opportunities, and asked for an update on commercial progress for potential power plant and data center projects.

    Answer

    CFO Walter Hulse identified the Medford fractionator, the Denver pipeline, and a plant relocation as the major capital projects for 2025, with the LPG dock ramping up in 2026. CCO Sheridan Swords reported that the 30 potential power projects are in various stages of development and that ONEOK is well-positioned to capture its share of new demand, particularly in Oklahoma and Texas, due to its integrated network and proximity to supply.

    Ask Fintool Equity Research AI