Magellan Midstream Partners expects to maintain its big-time payout this year.
News & Analysis: Magellan Midstream Partners
MMP earnings call for the period ending December 31, 2020.
These two high-yielding pipeline companies go head-to-head
A strong balance sheet, shrinking capital spending needs, and relatively stable cash flows give it the confidence to maintain its big-time payout.
MMP earnings call for the period ending September 30, 2020.
Both of these energy sector midstream players have big, fat yields -- but one is better positioned to maintain its payout.
Even these top yielders couldn't escape an industry downturn.
Several pipeline operators in Texas are offering discounts to bolster their volumes.
The may both be midstream players, but they're very different in some fundamental ways.
The energy sector is deeply out of favor, but there are still some good names in the space that are worth closer looks.