{"id":607556,"date":"2025-12-02T23:42:13","date_gmt":"2025-12-03T07:42:13","guid":{"rendered":"https:\/\/nai500.com\/blog\/2025\/12\/targeting-8-yields-two-undervalued-high-dividend-pipeline-stocks-for-long-term-income\/"},"modified":"2025-12-02T23:42:34","modified_gmt":"2025-12-03T07:42:34","slug":"%e9%94%81%e5%ae%9a8%e8%82%a1%e6%81%af%e7%8e%87%ef%bc%9a%e4%b8%a4%e5%8f%aa%e8%a2%ab%e4%bd%8e%e4%bc%b0%e7%9a%84%e9%ab%98%e6%81%af%e7%ae%a1%e9%81%93%e8%82%a1","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2025\/12\/%e9%94%81%e5%ae%9a8%e8%82%a1%e6%81%af%e7%8e%87%ef%bc%9a%e4%b8%a4%e5%8f%aa%e8%a2%ab%e4%bd%8e%e4%bc%b0%e7%9a%84%e9%ab%98%e6%81%af%e7%ae%a1%e9%81%93%e8%82%a1\/","title":{"rendered":"\u9501\u5b9a8%+\u80a1\u606f\u7387\uff1a\u4e24\u53ea\u88ab\u4f4e\u4f30\u7684\u9ad8\u606f\u7ba1\u9053\u80a1"},"content":{"rendered":"

\u5728\u8ffd\u6c42\u7a33\u5065\u6536\u76ca\u4e0e\u8d44\u672c\u589e\u503c\u7684\u6295\u8d44\u7ec4\u5408\u4e2d\uff0c\u5177\u5907\u9ad8\u989d\u4e14\u53ef\u6301\u7eed\u73b0\u91d1\u5206\u914d\u7684\u8d44\u4ea7\u59cb\u7ec8\u662f\u6838\u5fc3\u914d\u7f6e\u4e4b\u4e00\u3002\u5f53\u524d\uff0c\u7f8e\u56fd\u4e2d\u6e38\u80fd\u6e90\u57fa\u7840\u8bbe\u65bd\u677f\u5757\uff0c\u7279\u522b\u662f\u91c7\u7528\u4e3b\u6709\u9650\u5408\u4f19\u5236\uff08MLP\uff09\u7ed3\u6784\u7684\u7ba1\u9053\u8fd0\u8425\u5546\uff0c\u56e0\u5176\u72ec\u7279\u7684\u7a0e\u52a1\u5904\u7406\u65b9\u5f0f\uff08\u90e8\u5206\u5206\u914d\u6536\u5165\u53ef\u9012\u5ef6\u7eb3\u7a0e\uff09\u53ca\u884c\u4e1a\u57fa\u672c\u9762\u7684\u5b9e\u8d28\u6027\u6539\u5584\uff0c\u6b63\u4e3a\u6295\u8d44\u8005\u63d0\u4f9b\u7f55\u89c1\u7684\u201c\u9ad8\u6536\u76ca+\u589e\u957f\u6f5c\u529b\u201d\u7ec4\u5408\u673a\u4f1a\u3002<\/p>\n

\u6574\u4e2a\u884c\u4e1a\u8d22\u52a1\u7ed3\u6784\u8d8b\u4e8e\u7a33\u5065\uff0c\u4f30\u503c\u5374\u660e\u663e\u4f4e\u4e8e\u5386\u53f2\u5e73\u5747\u6c34\u5e73\u3002\u53e0\u52a0\u4eba\u5de5\u667a\u80fd\uff08AI\uff09\u6570\u636e\u4e2d\u5fc3\u53ca\u6db2\u5316\u5929\u7136\u6c14\uff08LNG\uff09\u51fa\u53e3\u5e26\u6765\u7684\u957f\u671f\u5929\u7136\u6c14\u9700\u6c42\u589e\u957f\uff0c\u884c\u4e1a\u524d\u666f\u6e05\u6670\u3002\u5bf9\u4e8e\u5bfb\u6c42\u6784\u5efa\u957f\u671f\u88ab\u52a8\u6536\u5165\u6d41\u7684\u6295\u8d44\u8005\u800c\u8a00\uff0c\u4ee5\u4e0b\u4e24\u53ea\u80a1\u606f\u7387\u8d85\u8fc78%\u3001\u4e14\u57fa\u672c\u9762\u88ab\u5e02\u573a\u4f4e\u4f30\u7684\u7ba1\u9053\u80a1\uff0c\u503c\u5f97\u91cd\u70b9\u5173\u6ce8\u3002<\/p>\n

1. Energy Transfer (ET)<\/a>\uff1a\u884c\u4e1a\u5de8\u5934\uff0c\u653b\u5b88\u517c\u5907\uff08\u9884\u671f\u80a1\u606f\u7387 8%\uff09<\/h2>\n

\u4f5c\u4e3a\u7f8e\u56fd\u6700\u5927\u7684\u4e00\u4f53\u5316\u4e2d\u6e38\u7f51\u7edc\u8fd0\u8425\u5546\u4e4b\u4e00\uff0cEnergy Transfer\u00a0\u51ed\u501f\u516c\u53f8\u5728\u6838\u5fc3\u4ea7\u533a\u4e8c\u53e0\u7eaa\u76c6\u5730\u7684\u67a2\u7ebd\u5730\u4f4d\uff0c\u76f4\u63a5\u53d7\u76ca\u4e8eAI\u4ea7\u4e1a\u9a71\u52a8\u7684\u80fd\u6e90\u9700\u6c42\u6fc0\u589e\u3002\u516c\u53f8\u5f53\u524d\u62e5\u6709\u4e24\u9879\u5173\u952e\u5929\u7136\u6c14\u5916\u8f93\u7ba1\u9053\u9879\u76ee\uff0c\u5e76\u6b63\u79ef\u6781\u8fde\u63a5\u6570\u636e\u4e2d\u5fc3\u4e0e\u7535\u529b\u516c\u53f8\uff0c\u8d44\u672c\u5f00\u652f\u8ba1\u5212\u660e\u786e\uff082025\u5e7446\u4ebf\u7f8e\u5143\uff0c2026\u5e7450\u4ebf\u7f8e\u5143\uff09\uff0c\u65e8\u5728\u6355\u6349\u786e\u5b9a\u6027\u7684\u589e\u957f\u673a\u4f1a\u3002<\/p>\n

Energy Transfer\u00a0\u7684\u9ad8\u80a1\u606f\u690d\u6839\u4e8e\u5f02\u5e38\u7a33\u5065\u7684\u8d22\u52a1\u57fa\u672c\u9762\u3002\u9996\u5148\uff0c\u516c\u53f8\u201c\u7167\u4ed8\u4e0d\u8bae\u201d\u5408\u540c\u5360\u6bd4\u5df2\u8fbe\u5230\u5386\u53f2\u65b0\u9ad8\uff0c\u6784\u7b51\u4e86\u6536\u5165\u7684\u4e0b\u9650\u4fdd\u969c\uff0c\u786e\u4fdd\u4e86\u73b0\u91d1\u6d41\u7684\u7a33\u5b9a\u4e0e\u53ef\u9884\u6d4b\u6027\u3002\u540c\u65f6\uff0c\u57fa\u4e8e\u53ef\u5206\u914d\u73b0\u91d1\u6d41\u7684\u5206\u914d\u8986\u76d6\u7387\u9ad8\u8fbe1.7\u500d\uff0c\u4e3a\u80a1\u606f\u652f\u4ed8\u63d0\u4f9b\u4e86\u5145\u88d5\u7684\u5b89\u5168\u8fb9\u9645\u3002\u6b64\u5916\uff0c\u516c\u53f8\u7684\u8d44\u4ea7\u8d1f\u503a\u8868\u540c\u6837\u5065\u5eb7\uff0c\u6760\u6746\u7387\u7ef4\u6301\u5728\u76ee\u6807\u533a\u95f4\u7684\u4f4e\u7aef\uff0c\u663e\u793a\u8d1f\u503a\u6c34\u5e73\u53ef\u63a7\u4e14\u98ce\u9669\u6709\u9650\u3002\u5728\u6b64\u57fa\u7840\u4e0a\uff0c\u516c\u53f8\u505a\u51fa\u4e86\u660e\u786e\u7684\u589e\u957f\u627f\u8bfa\uff0c\u8ba1\u5212\u672a\u6765\u6bcf\u5e74\u4ee53%\u81f35%\u7684\u5e45\u5ea6\u63d0\u5347\u80a1\u606f\u5206\u914d\uff0c\u4e3a\u6295\u8d44\u8005\u63d0\u4f9b\u4e86\u6536\u5165\u6301\u7eed\u589e\u957f\u7684\u6e05\u6670\u524d\u666f\u3002<\/p>\n

\u5c3d\u7ba1\u62e5\u6709\u5f3a\u52b2\u7684\u57fa\u672c\u9762\u4e0e\u6e05\u6670\u7684\u589e\u957f\u8def\u7ebf\u56fe\uff0c\u8be5\u80a1\u4f30\u503c\u5374\u5904\u4e8e\u4f4e\u4f4d\uff0c\u57fa\u4e8e2026\u5e74\u9884\u671fEBITDA\u7684\u8fdc\u671f\u4f01\u4e1a\u4ef7\u503c\u500d\u6570\uff08EV\/EBITDA\uff09\u4ec5\u4e3a7.6\u500d\uff0c\u663e\u8457\u4f4e\u4e8e\u884c\u4e1a\u5386\u53f2\u5747\u503c\uff0c\u51f8\u663e\u5176\u201c\u9ad8\u606f+\u4f4e\u4f30\u201d\u7684\u53cc\u91cd\u5438\u5f15\u529b\u3002<\/p>\n

2. Western Midstream Partners (WES)<\/a>\uff1a\u8d22\u52a1\u7a33\u5065\uff0c\u589e\u957f\u6e05\u6670\uff08\u9884\u671f\u80a1\u606f\u7387 9.3%\uff09<\/h2>\n

Western Midstream\u00a0\u63a5\u8fd1\u4e24\u4f4d\u6570\u7684\u80a1\u606f\u7387\u5e76\u975e\u98ce\u9669\u4fe1\u53f7\uff0c\u53cd\u800c\u4ee5\u5176\u5353\u8d8a\u7684\u8d22\u52a1\u8d28\u91cf\u4e3a\u57fa\u7840\u3002\u516c\u53f8\u62e5\u6709\u540c\u884c\u4e1a\u4e2d\u6700\u5065\u5eb7\u7684\u8d44\u4ea7\u8d1f\u503a\u8868\u4e4b\u4e00\uff0c\u5b63\u5ea6\u672b\u51c0\u6760\u6746\u7387\u4f4e\u81f32.8\u500d\uff0c\u4e14\u4e0a\u5b63\u5ea6\u81ea\u7531\u73b0\u91d1\u6d41\u5b8c\u5168\u8986\u76d6\u80a1\u606f\u5206\u914d\u5e76\u521b\u4e0bEBITDA\u7eaa\u5f55\u3002<\/p>\n

\u516c\u53f8\u7684\u589e\u957f\u5f15\u64ce\u6765\u81ea\u5bf9\u201c\u91c7\u51fa\u6c34\u5904\u7406\u201d\u8fd9\u4e00\u7ec6\u5206\u5e02\u573a\u7684\u6218\u7565\u805a\u7126\uff1a\u8fd1\u671f\u5b8c\u6210\u4e86\u5bf9\u00a0Aris Water Solutions\u00a0\u7684\u6536\u8d2d\uff0c\u786e\u7acb\u4e86\u5728\u6838\u5fc3\u4ea7\u533a\u91c7\u51fa\u6c34\u5904\u7406\u9886\u57df\u7684\u9886\u5148\u5730\u4f4d\u3002\u6b63\u5728\u5efa\u8bbe\u00a0Pathfinder\u00a0\u7ba1\u9053\u5e76\u6269\u5efa\u00a0North Loving\u00a0\u8bbe\u65bd\uff0c\u4e24\u9879\u5173\u952e\u9879\u76ee\u5747\u9884\u8ba1\u4e8e2027\u5e74\u4e0a\u534a\u5e74\u6295\u8fd0\uff0c\u5c06\u5f62\u6210\u65b0\u7684\u5229\u6da6\u589e\u957f\u70b9\u3002<\/p>\n

\u5728\u7ef4\u6301\u9ad8\u80a1\u606f\u7684\u540c\u65f6\uff0c\u516c\u53f8\u4ecd\u8ba1\u5212\u4ee5\u4e2d\u7b49\u4e2a\u4f4d\u6570\u767e\u5206\u6bd4\u7684\u901f\u5ea6\u6301\u7eed\u63d0\u5347\u5206\u914d\u3002\u4f30\u503c\u540c\u6837\u5177\u5907\u5438\u5f15\u529b\uff0c\u57fa\u4e8e2026\u5e74\u9884\u671f\u7684\u8fdc\u671fEV\/EBITDA\u500d\u6570\u7ea6\u4e3a8.1\u500d\u3002<\/p>\n

\u6838\u5fc3\u7ed3\u8bba\uff1a<\/strong>\u5728\u5f53\u524d\u5e02\u573a\u73af\u5883\u4e0b\uff0cEnergy Transfer\u00a0\u4e0e\u00a0Western Midstream\u00a0\u5171\u540c\u5448\u73b0\u4e86\u4e00\u4e2a\u9887\u5177\u5438\u5f15\u529b\u7684\u6295\u8d44\u7279\u5f81\uff1a\u5b83\u4eec\u4e0d\u4ec5\u63d0\u4f9b\u5f53\u4e0b\u8fdc\u8d85\u5e02\u573a\u5e73\u5747\u6c34\u5e73\u7684\u5373\u65f6\u73b0\u91d1\u56de\u62a5\uff08\u80a1\u606f\u73878%\u4ee5\u4e0a\uff09\uff0c\u66f4\u901a\u8fc7\u575a\u5b9e\u7684\u8d22\u52a1\u72b6\u51b5\uff0c\u660e\u786e\u7684\u589e\u957f\u8d44\u672c\u6295\u5165\u53ca\u884c\u4e1a\u987a\u98ce\uff0c\u4e3a\u672a\u6765\u7684\u80a1\u606f\u589e\u957f\u548c\u80a1\u4ef7\u6f5c\u529b\u63d0\u4f9b\u4e86\u53cc\u91cd\u4fdd\u969c\u3002\u5bf9\u4e8e\u7740\u773c\u4e8e\u957f\u671f\u590d\u5229\uff0c\u91cd\u89c6\u88ab\u52a8\u6536\u5165\u7684\u6295\u8d44\u8005\uff0c\u8fd9\u4e24\u53ea\u88ab\u4f4e\u4f30\u7684\u9ad8\u606f\u7ba1\u9053\u80a1\u6784\u6210\u4e86\u4e00\u7ec4\u503c\u5f97\u6df1\u5ea6\u7814\u7a76\u7684\u6838\u5fc3\u8d44\u4ea7\u914d\u7f6e\u9009\u9879\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u5728\u8ffd\u6c42\u7a33\u5065\u6536\u76ca\u4e0e\u8d44\u672c\u589e\u503c\u7684\u6295\u8d44\u7ec4\u5408\u4e2d\uff0c\u5177\u5907\u9ad8\u989d\u4e14\u53ef\u6301\u7eed\u73b0\u91d1\u5206\u914d\u7684\u8d44\u4ea7\u59cb\u7ec8\u662f\u6838\u5fc3\u914d\u7f6e\u4e4b\u4e00\u3002\u5f53\u524d\uff0c\u7f8e\u56fd\u4e2d\u6e38\u80fd\u6e90\u57fa\u7840 […]<\/p>\n","protected":false},"author":27,"featured_media":580782,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1521,430],"tags":[2158,538,2247,1859],"class_list":["post-607556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1521","category-trends-strategies-zh-hans","tag-2158","tag-538","tag-2247","tag-1859","sectors-oil-gas-zh-hans","locations-us-zh-hans","exchange-nyse-zh-hans"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/607556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=607556"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/607556\/revisions"}],"predecessor-version":[{"id":607559,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/607556\/revisions\/607559"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/580782"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=607556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=607556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=607556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}