When it comes to the midstream segment, it's clear that some companies are in place to succeed. Demand far outstrips supply, so those that are well diversified with future plans are likely to take the lion's share of the growth. For Motley Fool analyst Taylor Muckerman, the one company that stands out is Kinder Morgan Energy Partners (NYSE:KMP). While it's expensive compared with its peers, its portfolio of assets is second to none, especially when supplemented with capital expenditures.
If that company doesn't fit your investing style, analyst Joel South offers his take on Boardwalk Pipeline Partners (NYSE:BWP). This natural gas-focused operator offers a tremendous distribution yield above 7% and is diversified into the mid-continent and Utica shale regions. Those interested in high distribution yields would be well served by taking a deeper dive here.
Joel South and Taylor Muckerman have no position in any stocks mentioned. The Motley Fool recommends Kinder Morgan. The Motley Fool owns shares of Kinder Morgan. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.