Energy Dividend Stocks
US energy companies ranked by dividend yield. Oil, gas, pipeline and midstream dividend stocks with payout ratio and market cap.
Top 10 Energy Dividend Stocks
- 1.IEPIcahn Enterprises L.P.26.83%
- 2.MNRMach Natural Resources LP13.99%
- 3.EPMEvolution Petroleum Corporation12.92%
- 4.DMLPDorchester Minerals, L.P.12.11%
- 5.TXOTXO Partners, L.P.10.36%
- 6.KRPKimbell Royalty Partners, LP10.08%
- 7.FLNGFLEX LNG Ltd9.89%
- 8.ARLPAlliance Resource Partners, L.P.9.71%
- 9.CAPLCrossAmerica Partners LP9.30%
- 10.GRNTGranite Ridge Resources, Inc8.83%
About the Energy Dividend Stocks list
Energy dividends are the least predictable of any major sector, and the reason is straightforward: the cash funding them depends on a commodity price the companies do not control. An oil producer earning well at $90 a barrel is a different business at $40, and its dividend usually reflects that.
The sector has responded to this in two ways worth understanding. Some producers now run a variable dividend policy: a small fixed base payment they are confident of sustaining at low prices, plus a supplementary payment that rises and falls with cash flow. Trailing yields for these companies can look spectacular after a strong year and evaporate after a weak one, which is exactly what the policy intends but is misleading if read as a forward expectation.
Midstream companies — pipelines, storage, processing — are the more stable half of the sector. They largely charge fees for moving and storing product rather than taking price risk on it, which makes their cash flows closer to a toll road than an oil well. Their yields are typically high and considerably steadier, though many are structured as partnerships with tax treatment that differs from ordinary shares.
Read the payout ratio here with particular care, since it is measured against earnings that may be at a cyclical high or low.
Methodology
Includes US-listed companies classified in the Energy sector that currently pay a dividend, ranked by trailing twelve-month yield. Variable and supplementary dividends are included where they were paid as regular distributions; one-off special dividends are excluded, which means a company operating a base-plus-variable policy may show a lower trailing yield here than its headline figure. Exchange-traded funds and mutual funds are excluded.
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