Last year was one of the most challenging years the energy industry has ever faced. Demand fell off a cliff as the COVID-19 outbreak nearly ground the global economy to a halt. That forced oil and gas producers to shut in wells and shut down their drilling programs, which impacted the volumes flowing into midstream systems , like those operated by master limited partnership Crestwood Equity Partners (NYSE: CEQP) .
However, the company navigated those headwinds and ended the year on a high note, enabling it to deliver record earnings and allowing it to take a step forward in a year when most of the energy industry headed in reverse. As a result, it's well positioned to continue its forward progression in 2021, putting its big-time payout on an even firmer foundation.
Metric
For further details see:
This 11.5%-Yielding Dividend Stock Is in Great Shape