Russia's invasion of Ukraine has dramatically altered the energy landscape. It's driving up oil and gas prices, forcing countries to prioritize energy security. These factors are giving energy companies in the U.S. the confidence to start growing their production. But they'll need more infrastructure to support higher output in the future.
Pipeline companies are starting to benefit from this shift. They're able to secure enough customers to support new infrastructure projects. EnLink Midstream (NYSE: ENLC) and MPLX (NYSE: MPLX) were recent beneficiaries of these improving market conditions, and they could now have more fuel to grow their high-yield dividends in the future.
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These High-Yield Stocks Are Teaming Up to Add More Fuel to Grow Their Dividends