Core Viewpoint - Enbridge, a Canadian midstream energy company, offers a high dividend yield of 5.7%, making it an attractive option for both dividend and growth investors [1]. Group 1: Company Overview - Enbridge operates in four main business segments: oil pipelines, natural gas pipelines, regulated natural gas utilities, and renewable power, all of which generate reliable cash flows through long-term contracts or regulated operations [2]. - The company has a consistent track record, highlighted by a 30-year streak of annual dividend increases in Canadian dollars [3]. Group 2: Dividend Growth and Returns - Enbridge aims to grow its dividend in line with its distributable cash flow, which is projected to increase by 3% in 2026 and up to 5% thereafter [3]. - Combining a 5% dividend growth with the current yield of approximately 5% results in a total return of around 10%, comparable to the historical returns expected from the S&P 500 index [4]. - The reinvestment of dividends can significantly enhance total returns for growth investors, especially during market downturns [6][7]. Group 3: Investment Strategy - Enbridge's high dividend yield can serve as a financial anchor during bear markets, providing stability for dividend investors and allowing growth investors to reinvest dividends without emotional decision-making [8].

Group 1 - Delek Logistics Partners, LP plans to issue a press release summarizing its fourth quarter 2025 results before the U.S. stock market opens on February 27, 2026 [1] - A conference call to discuss the fourth quarter results is scheduled for February 27, 2026, at 11:30 a.m. CT (12:30 p.m. ET) [1] - The live broadcast of the conference call will be available online, with a replay accessible for 90 days [2] Group 2 - Delek Logistics is a midstream energy master limited partnership based in Brentwood, Tennessee, focusing on gathering, pipeline, transportation, and other services in the energy sector [3] - The company operates primarily in the Permian Basin, Delaware Basin, and Gulf Coast region, providing services for crude oil, refined products, natural gas, and more [3] - Delek US Holdings, Inc. owns the general partner interest and a majority limited partner interest in Delek Logistics, also serving as a significant customer [4]

Wall Street analysts forecast that MPLX LP (MPLX) will report quarterly earnings of $1.08 per share in its upcoming release, pointing to a year-over-year increase of 0.9%. It is anticipated that revenues will amount to $3.32 billion, exhibiting an increase of 8.6% compared to the year-ago quarter.The current level reflects a downward revision of 0.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their ...

Core Insights - Oil prices have experienced significant gains this month, driven by geopolitical tensions and supply concerns, but have also faced sharp daily reversals, creating a challenging environment for energy investing [3][4] - Broker-recommended stocks such as Expand Energy, Energy Transfer LP, and Archrock, Inc. are highlighted as potential investment opportunities amid the volatility [1][9] Group 1: Oil Market Dynamics - Brent crude has recently surpassed $70 per barrel, while West Texas Intermediate has crossed the mid-$60s, indicating multi-month highs and double-digit percentage gains on a monthly basis [3] - Daily price swings have been notable, with prices pulling back by more than 1% in single sessions, influenced by risk-off sentiment, a strengthening U.S. dollar, and changing expectations regarding supply disruptions [4] - Escalating U.S.-Iran tensions have contributed to volatility, with fears of military action and potential disruptions to shipping routes increasing risk premiums [5] Group 2: Company Insights - **Expand Energy**: The largest natural gas producer in the U.S., focused on exploration and production, particularly in the Haynesville and Appalachian regions. It has a strong broker support with 25 out of 30 brokers recommending Strong Buy [13][15] - **Energy Transfer LP**: A major energy partnership with a diversified midstream network, owning extensive infrastructure across the U.S. It has no Strong Sell ratings and a favorable average brokerage recommendation of 1.50 [17][18] - **Archrock, Inc.**: A leading energy infrastructure company specializing in midstream natural gas compression, operating the largest compression fleet in the U.S. It has a favorable average brokerage recommendation of 1.55, with seven out of eleven brokers rating it as Strong Buy [21][22]

Core Insights - Enterprise Products Partners LP (EPD) is a leading midstream player with a resilient business model supported by a pipeline network exceeding 50,000 miles, generating stable fee-based revenues from long-term shipper contracts [1][7] - The partnership has consistently returned capital to unitholders, having returned billions since its IPO and increased distributions for 27 consecutive years, maintaining steady cash flow across business cycles [2][7] - EPD has a backlog of key capital projects valued in billions currently under construction, which will secure additional cash flows and protect future distribution payments, making it an attractive option for income investors [3] Industry Comparisons - Kinder Morgan Inc. (KMI) and Enbridge Inc. (ENB) are also notable midstream companies with stable business models and predictable cash flows supported by fee-based revenues, with KMI increasing its dividend payments for the last eight years [4] - ENB projects annualized dividends of $3.77 per share for 2025 and $3.88 per share for 2026, with a projected 3% CAGR for the 2023-2026 period [4] Financial Performance - EPD units have gained 4.5% over the past year, contrasting with a 6.9% decline in the composite stocks of the industry [5] - EPD trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 10.94X, which is below the broader industry average of 11.01X [8] - The Zacks Consensus Estimate for EPD's 2026 earnings has experienced one downward and one upward revision in the past week [9]

Core Insights - Harrison Street Asset Management (HSAM) has launched its first ETF, the Harrison Street Infrastructure Active ETF (Ticker: NFRX), aimed at providing investors with exposure to global listed infrastructure companies [1][2][3] Company Overview - HSAM is a leading global alternative investment management firm with over $108 billion in assets under management, specializing in real asset strategies [1][8] - The firm has a long-term track record in infrastructure investing, managing approximately $30 billion in assets across various infrastructure strategies [7] ETF Details - The NFRX ETF focuses on global listed infrastructure companies that provide essential services, particularly in the utilities, midstream energy, digital, and transportation sectors [2][6] - The ETF is designed to cater to wealth managers and private wealth investors seeking portfolio diversification and exposure to growth potential, income generation, and low volatility [5][6] Management Team - The ETF will be managed by HSAM's private wealth division, with a team that includes Robert Becker, Hasan Goncu, and Casey Frazier, all of whom have extensive experience in infrastructure investment [4][5] Market Outlook - The firm believes that infrastructure fundamentals are currently very attractive due to a global need for infrastructure development and long-term growth trends such as AI, digitization, and electrification [6]

Core Viewpoint - Western Midstream Partners, LP (NYSE:WES) is recognized as one of the best dividend stocks to buy in February, despite recent adjustments in financial projections and contract renegotiations with Occidental Petroleum [1][2]. Financial Adjustments - Wells Fargo analyst Ned Baramov has lowered the price target for Western Midstream from $40 to $39, maintaining an Equal Weight rating, reflecting updated assumptions for 2026, including lower expected operating cash flow and reduced capital spending [2]. - The adjustments also account for a smaller unit count and distributions, alongside anticipated cost savings [2]. Contract Renegotiations - Western Midstream has renegotiated contracts with Occidental Petroleum regarding its Delaware Basin assets, shifting to a fixed-fee structure for natural gas gathering [3]. - Occidental will transfer 15.3 million common units back to Western Midstream, valued at approximately $610 million, reducing its ownership stake to about 40% [3][4]. Revenue Structure - Following the contract changes, approximately 9% of Western's revenue will still come from cost-of-service arrangements, with most contracts set to expire between the late 2020s and mid-to-late 2030s, potentially transitioning to fixed-fee terms [4]. - The previous fee structure was based on the cost of providing services plus a regulated return, while the new agreement stipulates a fixed rate payment from Occidental [4]. New Agreements - Western Midstream has also entered into a new natural gas gathering and processing agreement with ConocoPhillips for a portion of its Delaware Basin volumes [5].

Core Insights - Dividend stocks are favored by investors, particularly Boomers and older Gen X, due to their ability to provide steady passive income and total return potential [1][2] - Total return includes interest, capital gains, dividends, and distributions, exemplified by a stock purchased at $20 with a 3% dividend yielding a total return of 13% when the price rises to $22 [1] - Anticipation of two rate cuts in 2026 suggests that investors should consider high-yield dividend stocks now [1] Dividend Stocks Overview - Since 1926, dividends have contributed approximately 32% to the S&P 500's total return, with capital appreciation accounting for 68% [4] - A study indicates that dividend stocks delivered an annualized return of 9.18% from 1973 to 2023, significantly outperforming non-payers at 3.95% [4] Featured Companies - **Altria Group Inc.**: Offers a 7.30% dividend yield and is a major player in the tobacco industry, selling primarily through wholesalers [5][6] - **Apple Hospitality REIT Inc.**: Owns a large portfolio of upscale hotels, providing an 8.10% monthly dividend [9][10] - **Energy Transfer L.P.**: A leading midstream energy company with a 7.97% distribution, owning over 114,000 miles of pipelines [11][12] - **Healthpeak Properties Inc.**: Focuses on healthcare real estate with a 7.56% dividend, managing properties across various healthcare segments [17][18] - **Verizon Communications Inc.**: A telecommunications giant with a 6.71% dividend, showing strong financial metrics and consistent dividend growth over 20 years [19][20]

FOURTH QUARTER AND FULL YEAR, DECEMBER 31, 2025 Cautionary Statement Regarding Forward-Looking Statements This Supplemental Information contains forward-looking information within the meaning of Canadian provincial securities laws and "forward-looking statements" within the meaning of certain securities laws including Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, "safe harbor" provisions of the United States Private Securitie ...

Core Viewpoint - Olenox Industries Inc. has announced a non-binding Letter of Intent to acquire the midstream business and transportation assets of CPE Gathering MidCon, LLC from Vivakor, Inc. for approximately $36 million, which is based on an annual EBITDA of $4.56 million [1][2]. Group 1: Acquisition Details - The transaction will be financed through a combination of cash, promissory notes, common and preferred stock [2]. - The acquisition is expected to close on or before March 31, 2026, pending customary closing conditions [5]. Group 2: Strategic Importance - The acquisition of CPE Gathering is aimed at expanding Olenox's presence in the STACK region and enhancing its integrated operating model [3]. - CPE Gathering operates the Omega system, which provides critical midstream services including crude gathering, transportation, terminaling, and pipeline connectivity, thereby generating fee-based cash flows [3][4]. - This move aligns with Olenox's acquire-and-integrate strategy, which seeks to build an integrated energy, technology, and infrastructure platform, increasing predictable revenue and reducing exposure to commodity volatility [4]. Group 3: Company Overview - Olenox Industries is a vertically integrated energy company with operations in Oil and Gas, Energy Services, and Energy Technologies, focusing on optimizing underdeveloped oil and gas assets while supporting field operations with specialized services [6].