ONEOK, Kinder Morgan, and MPLX Deliver Rising Payouts as Midstream Cash Flows Surge

Earnings
โดย Yahoo Finance·Read original
Summary · why it matters

Three U.S.-listed midstream operators are delivering rising dividends and distributions as natural gas demand and project backlogs grow. ONEOK, a C-corp, raised its quarterly dividend 4% to $1.07 per share in January, with 2026 adjusted EBITDA guided to $7.9 billion to $8.3 billion and $475 million in cumulative synergies from the EnLink and Medallion acquisitions through the third quarter of 2025. Kinder Morgan, also a C-corp, reported first-quarter 2026 earnings per share of 48 cents, beating the 39-cent consensus, while free cash flow surged 73% and its project backlog reached $10.1 billion, with 92% tied to natural gas. MPLX, a master limited partnership that issues a Schedule K-1, offers a trailing distribution yield of 7.61% and reaffirmed 12.5% annual distribution growth through 2027, backed by a $2.4 billion organic growth capital expenditure program targeting the Permian and Marcellus basins.

Impact on stocks 4

Energy▲ · 2 stocks
MPLX LP
MPLX
▲ PositiveCapitalrelevance

MPLX reaffirmed 12.5% annual distribution growth through 2027 with a $2.4B organic growth capex program.

ONEOK Inc
OKE
▲ PositiveCapitalrelevance

ONEOK raised quarterly dividend 4% to $1.07, guided 2026 adjusted EBITDA to $7.9-$8.3B, and reported $475M in cumulative synergies from acquisitions.

Energy Transition & Power Demand▲ · 1 stocks
Kinder Morgan Inc
KMI
▲ PositiveCapitalrelevance

Kinder Morgan reported Q1 2026 EPS of $0.48 beating consensus of $0.39, free cash flow surged 73%, and project backlog reached $10.1B.

Artificial Intelligence▲ · 1 stocks
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