3 Top Oil & Gas MLPs to Consider with Dividend Yields Above 5%
Three oil & gas MLPs—CrossAmerica Partners (CAPL), Delek Logistics Partners (DKL), and Global Partners (GLP)—offer yields of 6% to 9%. CAPL reported Q2 EBITDA up 40% YoY, DKL raised its distribution for the 54th quarter, and GLP's Q2 net income tripled YoY. All show strong distribution coverage and cash flow.
How this was made
The 30-second read
Why it matters
For traders, the actionable element is the direction of distribution coverage and cash flow metrics cited for each MLP, which can influence yield-focused positioning. However, it is not a first-report of a new event like a deal, regulatory action, or fresh guidance beyond what is already described as Q2 results.
Market read
Yield investors may adjust exposure based on improved coverage and cash flow metrics, but the piece is primarily a promotional shortlist rather than a new catalyst.
What to watch
MLP unit prices can be sensitive to leverage, commodity-linked volumes, and refinancing terms; the piece cites leverage for CAPL but does not compare to stress-case distributions or tax/unit-holder structure risks.
Background
The article is a Zacks-style income screen for oil and gas MLPs, arguing that pass-through structures and improving cash generation support dividend yields above 5%.
Ticker impact
Zacks highlights CAPL’s Q2 adjusted EBITDA up 40% YoY, DCF up 50%, and distribution coverage improving to 1.68X.
Moderately positive bias for yield-focused flows; limited upside unless coverage or leverage trends accelerate.
The article provides specific, company-attributed operating and coverage metrics plus a credit facility maturity extension, which can support distribution confidence.
DKL’s quarterly distribution was raised to $1.14 per unit, with 54 straight quarterly increases and 2026 EBITDA guidance reiterated at $520-$560M.
Slightly positive near-term reaction potential, especially among dividend-focused investors.
The piece includes a concrete distribution raise, consecutive increase streak, and guidance range, which are actionable for payout durability expectations.
GLP raised its quarterly distribution to $0.78 per unit after Q2 adjusted EBITDA rose 51% and adjusted DCF increased to $92.5M.
Mild positive bias for the stock as yield support improves, though magnitude likely capped without new guidance.
The article provides fresh quarter metrics and a distribution increase, but it is framed as a selection list rather than a standalone guidance update.
Market effects
Reinforces the midstream and fuel distribution MLP income trade, emphasizing distribution coverage and DCF trends over upstream-only exposure.
No specific regional catalyst; impacts US-listed MLP sentiment broadly.
Limited direct global linkage; indirectly tied to energy price and fuel distribution demand expectations.
Counterpoint
High yields can still compress if energy prices fall, credit spreads widen, or coverage ratios deteriorate; the article does not quantify downside scenarios.
Key entities
- MLPCrossAmerica Partners
Wholesale fuel distributor and convenience-store operator; cited for Q2 EBITDA and DCF growth plus improved distribution coverage.
- MLPDelek Logistics Partners
Permian-focused midstream and logistics operator; cited for a raised distribution and reiterated 2026 adjusted EBITDA guidance.
- MLPGlobal Partners
Fuel distribution and storage platform; cited for Q2 adjusted EBITDA and DCF growth and a raised quarterly distribution.
