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@kewur 1 year ago

Three High-Yield MLPs With Strong Balance Sheets and Steady Growth

Three High-Yield MLPs With Strong Balance Sheets and Steady Growth

Energy Transfer (ET), Enterprise Products Partners (EPD), and Western Midstream (WES) stand out in the midstream MLP space for income investors. ET has improved its balance sheet and resumed distribution growth, now up for 14 consecutive quarters, and continues to invest in strategic growth projects like pipelines for data centers and LNG export. EPD boasts a 7% yield with 26 years of distribution increases, has stable fee-based cash flows, low leverage, and long-term locked-in debt at favorable rates. WES offers a 9% yield with strong fundamentals, low leverage, and revenue stability through cost-of-service agreements, benefitting from Occidental Petroleum’s majority stake. All three trade at discounted EV/EBITDA multiples versus historical levels, making them attractive for those seeking reliable, high-yield income with moderate growth.
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@RecentlyTrain484 1 year ago

WES offers amazing yield