The Motley Fool·2025-12-29 09:30Core Viewpoint - The energy sector is characterized by volatility, but midstream companies like Oneok, Enbridge, and Enterprise Products Partners provide stable income through high dividend yields despite market fluctuations [1][2]. Industry Overview - The energy sector experiences significant profit fluctuations due to the volatility of oil and natural gas prices, impacting stock prices [2]. - Midstream companies operate differently from upstream and downstream companies, focusing on energy infrastructure and generating reliable fees based on energy volume rather than commodity prices [5][6]. Company Summaries - Oneok (OKE): - Current Price: $72.85, Market Cap: $46 billion, Dividend Yield: 5.66% - Has a history of steady dividend growth but has experienced periods of stability without increases [8][10]. - Enbridge (ENB): - Current Price: $47.53, Market Cap: $104 billion, Dividend Yield: 5.67% - Offers a diverse business model that includes regulated natural gas utilities and renewable power assets, making it suitable for investors seeking diversification [9][14]. - Enterprise Products Partners (EPD): - Current Price: $31.87, Market Cap: $69 billion, Dividend Yield: 6.78% - Structured as a master limited partnership (MLP), it has a higher yield due to its tax-advantaged structure, but comes with additional tax considerations [12][11]. Investment Considerations - All three companies provide reliable income streams, making them attractive options for dividend investors, but they are not interchangeable and should be selected based on individual investment goals and tax situations [15].