Midstream pipeline companies operate on a toll road model, charging to move oil and gas. This insulates them from volatile commodity prices and generates steady cash flow for high yields. Enterprise Products (EPD) and Energy Transfer (ET) are MLPs offering yields of 5.5% and 6.7% respectively. Both generate more than enough cash to cover their distributions and trade at cheap valuations around 13 to 14 times earnings. EPD has raised payouts for 28 straight years. The catch is they are MLPs, so you have to deal with K-1 tax forms. If you want to avoid K-1s, Enbridge (ENB) operates as a standard Canadian corp. It yields 5.2% and has 31 years of dividend hikes. They are currently benefiting from power demands tied to AI and data centers. It is a bit pricier at 25 times earnings, but it controls a massive chunk of North American energy transport.