Midstream energy stocks are the companies involved in the processing, transportation, and storage of crude oil, natural gas, and natural gas liquids. These companies operate in the midstream sector, which falls between the upstream (exploration and production) and downstream (refining and marketing) sectors of the energy industry.
One of the best ideas for investors seeking to diversify their portfolios with energy exposure at current pricing is master limited partnerships (MLPs). They pay substantial and dependable dividends, and many energy master limited partnerships are midstream companies that control the movement or storage of oil and natural gas through contract pricing with major oil producers.
We screened our 24/7 Wall St. midstream MLP research database, looking for top companies that pay ultra-yielding high distributions to their shareholders. Four top companies are set to hit our screens, and all are poised to pay shareholders incredible and dependable distributions. Additionally, all four are Buy-rated by the top Wall Street firms we cover.
This post originally appeared at 24/7 Wall St.