Geopolitical shocks around Ukraine and Russia’s energy infrastructure are rippling through global supply chains, and that often shows up first in stocks tied to moving, storing, and processing fuel. When refineries, pipelines, or export routes look vulnerable, some companies can see new demand and pricing power while others face higher risk and costs. This article focuses on three large energy infrastructure and pipeline operators from our Global Energy Infrastructure and Pipeline Operators screener that appear positively exposed to the latest news, and explains what the current backdrop might mean for each stock.

Beetaloo Energy Australia (ASX:BTL)

Overview: Beetaloo Energy Australia is an oil and gas producer focused on exploring and developing its 100% owned, roughly 28 million acre position in the Beetaloo Sub basin in Australia’s Northern Territory, with corporate headquarters in Sydney.

Market Cap: A$383.8 million

Beetaloo Energy Australia sits at the intersection of two themes: the search for secure energy supply in stable regions, and investor appetite for high growth potential stories. Forecasts in the market commentary referenced for this article indicate expectations for improvements in both earnings and revenue, with some observers projecting that the company could move from losses to profitability within three years, which is often when interest from larger investors starts to build. At the same time, the stock carries clear risks, including ongoing losses, a funding structure that leans on external capital, recent shareholder dilution and an auditor flagging going concern uncertainty after a A$19.39 million loss in 2025. For investors who can tolerate higher risk, the combination of growth-oriented forecasts from commentators and these red flags makes Beetaloo a stock to watch closely as the story develops.

Beetaloo Energy Australia’s high risk, high potential story is accelerating as commentators speculate about a shift from losses to profits, but the real test sits inside the 1 key reward and 2 important warning signs (1 is major!)

i3 Energy (TSX:ITE)

Overview: i3 Energy is an oil and gas company that acquires, develops, and produces conventional oil, natural gas, and natural gas liquids. It has a large portfolio of about 850 producing wells in key Canadian basins and residual interests in UK North Sea fields such as Liberator and Serenity.

Operations: i3 Energy generates all of its reported £131.2 million in revenue from oil and gas exploration and production in Canada.

Market Cap: CA$276.6 million

i3 Energy offers a mix of income and growth that stands out in the Global Energy Infrastructure and Pipeline Operators screener, particularly for investors seeking producers operating far from the Ukraine Russia conflict zone. Forecasts referenced for this article indicate earnings growth above 50% a year and revenue growth of 16.4%, supported by a broad Canadian well base and ongoing drilling and workover activity. At the same time, the stock involves trade offs, including a high 8.04% dividend yield that is not fully covered by earnings, profit margins that have moved from 20.9% to 9.6%, and a balance sheet funded entirely by higher risk external borrowings. That combination of potential and pressure may make i3 Energy a stock worth a closer look for investors focused on energy transport stability.

i3 Energy’s growth story, with earnings forecasts well above 50% a year and a high 8.04% yield, looks powerful; however, the real tension sits inside the analyst forecasts for i3 Energy

Green Plains (GPRE)

Overview: Green Plains produces low carbon ethanol and related products, turning corn into fuels and feed ingredients while also providing grain storage, drying, and commodity marketing services from its ethanol plants and agribusiness operations in the U.S. and abroad.

Operations: Green Plains generates about US$1.80b in revenue from Ethanol Production including corn oil and partnership activities and US$162.1m from Agribusiness and Energy Services, partly offset by US$23.6m of intersegment eliminations.

Market Cap: US$1.05b

Green Plains provides exposure to large scale U.S. biofuel infrastructure at a time when policymakers and fuel buyers are actively looking to diversify away from traditional crude supply. The company is positioning its low carbon ethanol and corn oil as potential beneficiaries of decarbonization incentives such as the 45Z clean fuel credit. The outlook discussed in the referenced forecasts includes a possible shift from losses to profitability within three years, supported by revenue growth expectations of around the mid teens and rising margins as higher value coproducts scale. There are also notable risks, including reliance on supportive regulation, export demand, and external borrowing. Recent quarters of improved earnings illustrate how the platform performs when margins are favorable, which is one reason many investors are monitoring how this transition develops.

Green Plains’ push toward low carbon ethanol and the potential impact of the 45Z credit is only half the story; the real twist sits inside the analyst forecasts for Green Plains

The three stocks covered here are only a sample of what is happening across energy transport and storage, and the full screener has uncovered 26 more companies with similarly detailed stories around cash flows, leverage, and exposure to global supply shifts in the Global Energy Infrastructure and Pipeline Operators space. You can review these through the Global Energy Infrastructure and Pipeline Operators screener. Identify and analyze the specific catalysts that matter to you, from earnings quality to balance sheet strength and regulatory sensitivity, so you can build higher conviction around which companies best fit your own view of the energy supply chain.

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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.