Yahoo Finance·2026-03-31 12:51Core Insights - Oil prices have surged over 70% this year, exceeding $100 a barrel due to the conflict with Iran, benefiting oil producers and midstream companies [1] Group 1: Energy Transfer - Energy Transfer operates over 140,000 miles of pipelines in the U.S. and owns midstream energy infrastructure, with about 90% of its earnings derived from long-term, fee-based contracts or government-regulated rate structures [2] - In the previous year, Energy Transfer generated over $8.2 billion in cash and distributed nearly $4.6 billion to investors, retaining the remainder for reinvestment [3] - The company plans to invest over $5 billion in growth capital projects this year, with expansions expected to enhance cash flow and support a 3% to 5% annual increase in its current high-yielding distribution of 6.8% [4] Group 2: Enbridge - Enbridge transports approximately 30% of North America's oil and 20% of U.S. gas consumption, operating the largest gas utility franchise in North America and leading in renewable energy [5] - The company generated 12.5 billion Canadian dollars ($9 billion) in distributable cash flow last year, paying out 60% to 70% of its stable cash flow in dividends, currently yielding 5.2% [6] - Enbridge has a multi-billion-dollar backlog of commercially secured expansion projects expected to enter service through the early 2030s, with an anticipated 5% annual growth in cash flow per share, supporting continued dividend growth [7]