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Summary Oil prices have been plagued by demand concerns related to tariffs and recession risk, while OPEC+ surprised markets with higher production plans for May. Amid the weakness in oil, midstream/MLPs were more resilient than other energy subsectors given fee-based business models with stable cash flows and less commodity price exposure.
Investors seeking to access the energy infrastructure space through passively managed vehicles have a menu of options, including half a dozen passive ETFs. Beyond ETFs, investors may also consider exchange-traded notes (ETNs).
VettaFi's Head of Energy Research Stacey Morris recently sat down with VettaFi writer Elle Caruso to discuss the Alerian MLP Index (AMZ), MLPs' recent performance and outlook, and incorporating energy infrastructure in client portfolios.
Summary Strong dividend growth trends for energy infrastructure companies continued in 3Q23, underpinning the healthy yields offered by midstream/MLPs. On a year-over-year basis, over 91% of the broad Alerian Midstream Energy Index (AMNA) by weighting grew their dividends.
Summary Dividend trends for energy infrastructure corporations and MLPs remain strong, adding important context to the generous yields this space provides. On a year-over-year basis, 94% of the broad Alerian Midstream Energy Index (AMNA) by weighting has grown their dividends.
On a year-over-year basis, over 90% of the broad Alerian Midstream Energy Index (AMNA) by weighting has grown their dividends. No AMNA constituent has cut its dividend for seven straight quarters.
Energy Transfer LP (ET) reported fourth-quarter 2022 earnings on Wednesday, offering guidance on the partnership's distribution, which has fully rebounded since being cut in 2020. During the fourth quarter, Energy Transfer generated adjusted EBITDA of $3.44 billion compared to $2.81 billion a year prior.
VettaFi has announced the results of the December 2022 quarterly review for the Alerian Index Series. All changes to the indexes will be implemented at the close of trading on December 16 for the market open on December 19, according to a statement from VettaFi.
SEC filings for MLPR aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.