In the world of master limited partnerships, distributions are king -- and Energy Transfer Partners distributes one of the highest yields in the natural gas pipeline space. However, the company hasn't increased its distribution since 2008, worrying investors about the strength of ETP's underlying business. In this video, energy editor Joel South explains the reason ETP has stunted its distributions and gives the reasons he believes the company will start to slowly increase its payout soon. In addition to the payout time table, Joel discusses MLP payout rations and what investors need to know to accurately gauge a company’s financial strength.

Investors are extremely attracted to midstream MLPs because they offer attractive yields as well as relatively safe business models. However, the K-1 tax filing implications can cause some investors to look elsewhere for attractive dividends. We've picked one incredible natural gas company that presents a rare "double-play" investment opportunity today. We're calling it The One Energy Stock You Must Own Before 2014, and you can uncover it today, totally free, in our premium research report. Click here to read more