Top Pipeline Stocks to Invest in for 2025

By Matthew DiLallo – Updated Jul 3, 2025 at 2:08 PM | Fact-checked by Frank Bass

Key Points

U.S. pipelines span 3 million miles, efficiently delivering energy to various sectors.
Midstream companies, often structured as master limited partnerships, benefit investors with large cash distributions.
Current energy demands are accelerating U.S. pipeline expansions despite market challenges.

There are about 3 million miles of pipelines in the U.S. They safely deliver trillions of cubic feet of natural gas to power plants, industrial facilities, homes, and businesses. Billions more gallons of liquid fuels are delivered to refineries, terminals, and refueling stations. Pipelines are vital to keeping the economy supplied with fuel.

Loading paragraph...

Industrial pipelines on a pipe bridge against blue sky. — Image source: Getty Images.

Loading paragraph...

Ticker Information Table
Name and ticker	Market cap	Dividend yield
Enbridge (NYSE:ENB)	$102.9 billion	5.66%
Enterprise Products Partners (NYSE:EPD)	$66.4 billion	6.98%
Energy Transfer (NYSE:ET)	$57.6 billion	7.78%
Kinder Morgan (NYSE:KMI)	$61.2 billion	4.22%
MPLX (NYSE:MPLX)	$50.6 billion	7.71%
Oneok (NYSE:OKE)	$43.2 billion	5.95%
Williams Companies (NYSE:WMB)	$77.0 billion	3.13%

Data as of Oct 21, 2025.

Loading ticker_table...

Defined: Market Cap

Loading callout...

Loading paragraph...

NYSE: ENB

Enbridge

Today's Change

(0.13%) $0.06

Current Price

$47.27

Key Data Points

Market Cap

$103B

Day's Range

$46.87 - $47.31

52wk Range

$39.73 - $50.54

Volume

2.8M

Avg Vol

3.5M

Gross Margin

32.57%

Dividend Yield

0.06%

Loading company_card...

Enbridge has a remarkable growth track record. The Canadian pipeline and utility company delivered its 30th consecutive annual dividend increase in 2025. It should have plenty of power to continue increasing its payout. The company has a top-notch financial profile and a multibillion-dollar backlog of projects under construction and in development.

Loading paragraph...

Enbridge estimates that it will increase its cash flow per share at a 3% annual rate through at least 2026 and by approximately 5% annually thereafter. Although it's a leader in transporting fossil fuels, Enbridge is increasingly investing in cleaner energy sources such as renewables and green hydrogen energy.

2. Enterprise Products Partners

Enterprise Products Partners is one of the largest MLPs. The fully integrated midstream energy company operates 50,000 miles of pipelines transporting natural gas liquids (NGL), crude oil, natural gas, petrochemicals, and refined products. It also has storage, processing, manufacturing, and export facilities.

Loading paragraph...

NYSE: EPD

Enterprise Products Partners

Today's Change

(0.29%) $0.09

Current Price

$30.76

Key Data Points

Market Cap

$66B

Day's Range

$30.51 - $30.83

52wk Range

$27.77 - $34.63

Volume

2.4M

Avg Vol

4.1M

Gross Margin

12.42%

Dividend Yield

0.07%

Loading company_card...

Like Enbridge, Enterprise Products Partners has an excellent growth track record. The MLP delivered its 26th consecutive year of distribution increases in 2025 and has plenty of fuel to continue growing. The company boasts the highest credit rating in the midstream space. This gives it the financial flexibility to continue expanding through acquisitions and completing expansion projects.

3. MPLX

MPLX is an MLP formed by refining giant Marathon Petroleum (MPC -1.82%). It operates crude oil and refined product logistics assets, as well as natural gas and NGL services. Its midstream operations generate significant cash, most of which it distributes to shareholders, retaining some to help fund its continued expansion.

Loading paragraph...

NYSE: MPLX

MPLX

Today's Change

(-0.02%) $-0.01

Current Price

$49.61

Key Data Points

Market Cap

$51B

Day's Range

$49.43 - $49.80

52wk Range

$43.54 - $54.87

Volume

797K

Avg Vol

1.5M

Gross Margin

44.96%

Dividend Yield

0.08%

Loading company_card...

The MLP has increased its distribution payment every year since its formation in 2012. MPLX should have no trouble continuing to grow its payout in the future. It has a large slate of expansion projects under construction, including two NGL fractionators for Marathon that it expects to complete in 2028 and 2029.

4. Kinder Morgan

Kinder Morgan is one of the biggest natural gas pipeline companies in the U.S. The pipeline corporation operates the largest natural gas transmission network, comprising 66,000 miles of pipelines that transport approximately 40% of the country's gas volume.

Loading paragraph...

NYSE: KMI

Kinder Morgan

Today's Change

(-0.13%) $-0.04

Current Price

$27.48

Key Data Points

Market Cap

$61B

Day's Range

$27.36 - $27.63

52wk Range

$23.94 - $31.48

Volume

273K

Avg Vol

14M

Gross Margin

35.32%

Dividend Yield

0.04%

Loading company_card...

Loading paragraph...

NYSE: WMB

Williams Companies

Today's Change

(-1.14%) $-0.72

Current Price

$62.34

Key Data Points

Market Cap

$77B

Day's Range

$62.20 - $63.31

52wk Range

$51.46 - $65.55

Volume

3.8M

Avg Vol

6.5M

Gross Margin

39.08%

Dividend Yield

0.03%

Loading company_card...

Williams has a large pipeline of natural gas expansion projects that are expected to fuel growth in the coming years. These projects will move more gas to power-generation facilities, liquefied natural gas (LNG) export terminals, and industrial facilities.

It's also building a natural gas-fired power plant to support growing electricity demand. These projects should grow Williams' earnings by 5% to 7% annually, providing the company with the fuel to continue increasing its dividend payment.

Loading paragraph...

6. Energy Transfer

Energy Transfer is a diversified MLP with large-scale crude oil, natural gas, NGL, and refined product pipeline operations. Overall, it owns and operates more than 130,000 miles of pipelines in the U.S. It also owns stakes in two other MLPs: fuel distributor Sunoco LP (SUN -0.96%) and natural gas compression services company USA Compression Partners (USAC -0.26%).

Loading paragraph...

NYSE: ET

Energy Transfer

Today's Change

(-0.06%) $-0.01

Current Price

$16.76

Key Data Points

Market Cap

$58B

Day's Range

$16.56 - $16.79

52wk Range

$14.60 - $21.45

Volume

14M

Avg Vol

13M

Gross Margin

12.58%

Dividend Yield

0.08%

Loading company_card...

Loading paragraph...

NYSE: OKE

Oneok

Today's Change

(0.61%) $0.42

Current Price

$68.95

Key Data Points

Market Cap

$43B

Day's Range

$68.11 - $69.27

52wk Range

$66.56 - $118.07

Volume

Avg Vol

3.6M

Gross Margin

19.97%

Dividend Yield

0.06%

Loading company_card...

Loading paragraph...

Investing in Energy Stocks

The economy needs energy across sectors to run smoothly, making these companies potential buys.

Investing in Farmland: A Real Estate Investor's Guide

Farms are essential real estate. Could investing in them grow your portfolio?

Investing in Nuclear Energy Stocks in 2025

This article breaks down the nuclear energy industry, opportunities, risks, and what investors need to understand.

Investing in Water ETFs

Humans need water for survival. Investors might need water ETFs to balance risky portfolio holdings.

Pipeline stocks can be great income investments

Pipeline companies tend to generate very steady cash flow. They earn fees as oil and gas flow through their systems, which gives them the funds to pay attractive dividends and invest in expanding their operations. Pipeline stocks tend to be great options for investors seeking to generate some passive income.

Loading paragraph...

Loading faq...

About the Author

Matt DiLallo has been a contributing Motley Fool stock market analyst specializing in covering dividend-paying companies, particularly in the energy and REIT sectors, since 2012. He also covers pre-IPO companies, ETFs, and other investing topics. He holds an MBA from Liberty University.

TMFmd19

@MatthewDiLallo

Matt DiLallo has positions in Enbridge, Energy Transfer, Enterprise Products Partners, and Kinder Morgan. The Motley Fool has positions in and recommends Enbridge and Kinder Morgan. The Motley Fool recommends Enterprise Products Partners and Oneok. The Motley Fool has a disclosure policy.