{"id":607560,"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":"2025-12-02T23:42:41","modified_gmt":"2025-12-03T07:42:41","slug":"%e9%8e%96%e5%ae%9a8%e8%82%a1%e6%81%af%e7%8e%87%ef%bc%9a%e5%85%a9%e9%9a%bb%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-hant\/blog\/2025\/12\/%e9%8e%96%e5%ae%9a8%e8%82%a1%e6%81%af%e7%8e%87%ef%bc%9a%e5%85%a9%e9%9a%bb%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":"\u9396\u5b9a8%+\u80a1\u606f\u7387\uff1a\u5169\u96bb\u88ab\u4f4e\u4f30\u7684\u9ad8\u606f\u7ba1\u9053\u80a1"},"content":{"rendered":"

\u5728\u8ffd\u6c42\u7a69\u5065\u6536\u76ca\u8207\u8cc7\u672c\u589e\u503c\u7684\u6295\u8cc7\u7d44\u5408\u4e2d\uff0c\u5177\u5099\u9ad8\u984d\u4e14\u53ef\u6301\u7e8c\u73fe\u91d1\u5206\u914d\u7684\u8cc7\u7522\u59cb\u7d42\u662f\u6838\u5fc3\u914d\u7f6e\u4e4b\u4e00\u3002\u7576\u524d\uff0c\u7f8e\u570b\u4e2d\u6e38\u80fd\u6e90\u57fa\u790e\u8a2d\u65bd\u677f\u584a\uff0c\u7279\u5225\u662f\u63a1\u7528\u4e3b\u6709\u9650\u5408\u5925\u5236\uff08MLP\uff09\u7d50\u69cb\u7684\u7ba1\u9053\u904b\u71df\u5546\uff0c\u56e0\u5176\u7368\u7279\u7684\u7a05\u52d9\u8655\u7406\u65b9\u5f0f\uff08\u90e8\u5206\u5206\u914d\u6536\u5165\u53ef\u905e\u5ef6\u7d0d\u7a05\uff09\u53ca\u884c\u696d\u57fa\u672c\u9762\u7684\u5be6\u8cea\u6027\u6539\u5584\uff0c\u6b63\u70ba\u6295\u8cc7\u8005\u63d0\u4f9b\u7f55\u898b\u7684\u201c\u9ad8\u6536\u76ca+\u589e\u9577\u6f5b\u529b\u201d\u7d44\u5408\u6a5f\u6703\u3002<\/p>\n

\u6574\u500b\u884c\u696d\u8ca1\u52d9\u7d50\u69cb\u8da8\u65bc\u7a69\u5065\uff0c\u4f30\u503c\u537b\u660e\u986f\u4f4e\u65bc\u6b77\u53f2\u5e73\u5747\u6c34\u5e73\u3002\u758a\u52a0\u4eba\u5de5\u667a\u80fd\uff08AI\uff09\u6578\u64da\u4e2d\u5fc3\u53ca\u6db2\u5316\u5929\u7136\u6c23\uff08LNG\uff09\u51fa\u53e3\u5e36\u4f86\u7684\u9577\u671f\u5929\u7136\u6c23\u9700\u6c42\u589e\u9577\uff0c\u884c\u696d\u524d\u666f\u6e05\u6670\u3002\u5c0d\u65bc\u5c0b\u6c42\u69cb\u5efa\u9577\u671f\u88ab\u52d5\u6536\u5165\u6d41\u7684\u6295\u8cc7\u8005\u800c\u8a00\uff0c\u4ee5\u4e0b\u5169\u96bb\u80a1\u606f\u7387\u8d85\u904e8%\u3001\u4e14\u57fa\u672c\u9762\u88ab\u5e02\u5834\u4f4e\u4f30\u7684\u7ba1\u9053\u80a1\uff0c\u503c\u5f97\u91cd\u9ede\u95dc\u6ce8\u3002<\/p>\n

1. Energy Transfer (ET)<\/a>\uff1a\u884c\u696d\u5de8\u982d\uff0c\u653b\u5b88\u517c\u5099\uff08\u9810\u671f\u80a1\u606f\u7387 8%\uff09<\/h2>\n

\u4f5c\u70ba\u7f8e\u570b\u6700\u5927\u7684\u4e00\u9ad4\u5316\u4e2d\u6e38\u7db2\u7d61\u904b\u71df\u5546\u4e4b\u4e00\uff0cEnergy Transfer\u00a0\u6191\u85c9\u516c\u53f8\u5728\u6838\u5fc3\u7522\u5340\u4e8c\u758a\u7d00\u76c6\u5730\u7684\u6a1e\u7d10\u5730\u4f4d\uff0c\u76f4\u63a5\u53d7\u76ca\u65bcAI\u7522\u696d\u9a45\u52d5\u7684\u80fd\u6e90\u9700\u6c42\u6fc0\u589e\u3002\u516c\u53f8\u7576\u524d\u64c1\u6709\u5169\u9805\u95dc\u9375\u5929\u7136\u6c23\u5916\u8f38\u7ba1\u9053\u9805\u76ee\uff0c\u4e26\u6b63\u7a4d\u6975\u9023\u63a5\u6578\u64da\u4e2d\u5fc3\u8207\u96fb\u529b\u516c\u53f8\uff0c\u8cc7\u672c\u958b\u652f\u8a08\u5283\u660e\u78ba\uff082025\u5e7446\u5104\u7f8e\u5143\uff0c2026\u5e7450\u5104\u7f8e\u5143\uff09\uff0c\u65e8\u5728\u6355\u6349\u78ba\u5b9a\u6027\u7684\u589e\u9577\u6a5f\u6703\u3002<\/p>\n

Energy Transfer\u00a0\u7684\u9ad8\u80a1\u606f\u690d\u6839\u65bc\u7570\u5e38\u7a69\u5065\u7684\u8ca1\u52d9\u57fa\u672c\u9762\u3002\u9996\u5148\uff0c\u516c\u53f8\u201c\u7167\u4ed8\u4e0d\u8b70\u201d\u5408\u540c\u5360\u6bd4\u5df2\u9054\u5230\u6b77\u53f2\u65b0\u9ad8\uff0c\u69cb\u7bc9\u4e86\u6536\u5165\u7684\u4e0b\u9650\u4fdd\u969c\uff0c\u78ba\u4fdd\u4e86\u73fe\u91d1\u6d41\u7684\u7a69\u5b9a\u8207\u53ef\u9810\u6e2c\u6027\u3002\u540c\u6642\uff0c\u57fa\u65bc\u53ef\u5206\u914d\u73fe\u91d1\u6d41\u7684\u5206\u914d\u8986\u84cb\u7387\u9ad8\u90541.7\u500d\uff0c\u70ba\u80a1\u606f\u652f\u4ed8\u63d0\u4f9b\u4e86\u5145\u88d5\u7684\u5b89\u5168\u908a\u969b\u3002\u6b64\u5916\uff0c\u516c\u53f8\u7684\u8cc7\u7522\u8ca0\u50b5\u8868\u540c\u6a23\u5065\u5eb7\uff0c\u6760\u6746\u7387\u7dad\u6301\u5728\u76ee\u6a19\u5340\u9593\u7684\u4f4e\u7aef\uff0c\u986f\u793a\u8ca0\u50b5\u6c34\u5e73\u53ef\u63a7\u4e14\u98a8\u96aa\u6709\u9650\u3002\u5728\u6b64\u57fa\u790e\u4e0a\uff0c\u516c\u53f8\u505a\u51fa\u4e86\u660e\u78ba\u7684\u589e\u9577\u627f\u8afe\uff0c\u8a08\u5283\u672a\u4f86\u6bcf\u5e74\u4ee53%\u81f35%\u7684\u5e45\u5ea6\u63d0\u5347\u80a1\u606f\u5206\u914d\uff0c\u70ba\u6295\u8cc7\u8005\u63d0\u4f9b\u4e86\u6536\u5165\u6301\u7e8c\u589e\u9577\u7684\u6e05\u6670\u524d\u666f\u3002<\/p>\n

\u5118\u7ba1\u64c1\u6709\u5f37\u52c1\u7684\u57fa\u672c\u9762\u8207\u6e05\u6670\u7684\u589e\u9577\u8def\u7dda\u5716\uff0c\u8a72\u80a1\u4f30\u503c\u537b\u8655\u65bc\u4f4e\u4f4d\uff0c\u57fa\u65bc2026\u5e74\u9810\u671fEBITDA\u7684\u9060\u671f\u4f01\u696d\u50f9\u503c\u500d\u6578\uff08EV\/EBITDA\uff09\u50c5\u70ba7.6\u500d\uff0c\u986f\u8457\u4f4e\u65bc\u884c\u696d\u6b77\u53f2\u5747\u503c\uff0c\u51f8\u986f\u5176\u201c\u9ad8\u606f+\u4f4e\u4f30\u201d\u7684\u96d9\u91cd\u5438\u5f15\u529b\u3002<\/p>\n

2. Western Midstream Partners (WES)<\/a>\uff1a\u8ca1\u52d9\u7a69\u5065\uff0c\u589e\u9577\u6e05\u6670\uff08\u9810\u671f\u80a1\u606f\u7387 9.3%\uff09<\/h2>\n

Western Midstream\u00a0\u63a5\u8fd1\u5169\u4f4d\u6578\u7684\u80a1\u606f\u7387\u4e26\u975e\u98a8\u96aa\u4fe1\u865f\uff0c\u53cd\u800c\u4ee5\u5176\u5353\u8d8a\u7684\u8ca1\u52d9\u8cea\u91cf\u70ba\u57fa\u790e\u3002\u516c\u53f8\u64c1\u6709\u540c\u884c\u696d\u4e2d\u6700\u5065\u5eb7\u7684\u8cc7\u7522\u8ca0\u50b5\u8868\u4e4b\u4e00\uff0c\u5b63\u5ea6\u672b\u6de8\u6760\u6746\u7387\u4f4e\u81f32.8\u500d\uff0c\u4e14\u4e0a\u5b63\u5ea6\u81ea\u7531\u73fe\u91d1\u6d41\u5b8c\u5168\u8986\u84cb\u80a1\u606f\u5206\u914d\u4e26\u5275\u4e0bEBITDA\u7d00\u9304\u3002<\/p>\n

\u516c\u53f8\u7684\u589e\u9577\u5f15\u64ce\u4f86\u81ea\u5c0d\u201c\u91c7\u51fa\u6c34\u8655\u7406\u201d\u9019\u4e00\u7d30\u5206\u5e02\u5834\u7684\u6230\u7565\u805a\u7126\uff1a\u8fd1\u671f\u5b8c\u6210\u4e86\u5c0d\u00a0Aris Water Solutions\u00a0\u7684\u6536\u8cfc\uff0c\u78ba\u7acb\u4e86\u5728\u6838\u5fc3\u7522\u5340\u91c7\u51fa\u6c34\u8655\u7406\u9818\u57df\u7684\u9818\u5148\u5730\u4f4d\u3002\u6b63\u5728\u5efa\u8a2d\u00a0Pathfinder\u00a0\u7ba1\u9053\u4e26\u64f4\u5efa\u00a0North Loving\u00a0\u8a2d\u65bd\uff0c\u5169\u9805\u95dc\u9375\u9805\u76ee\u5747\u9810\u8a08\u65bc2027\u5e74\u4e0a\u534a\u5e74\u6295\u904b\uff0c\u5c07\u5f62\u6210\u65b0\u7684\u5229\u6f64\u589e\u9577\u9ede\u3002<\/p>\n

\u5728\u7dad\u6301\u9ad8\u80a1\u606f\u7684\u540c\u6642\uff0c\u516c\u53f8\u4ecd\u8a08\u5283\u4ee5\u4e2d\u7b49\u500b\u4f4d\u6578\u767e\u5206\u6bd4\u7684\u901f\u5ea6\u6301\u7e8c\u63d0\u5347\u5206\u914d\u3002\u4f30\u503c\u540c\u6a23\u5177\u5099\u5438\u5f15\u529b\uff0c\u57fa\u65bc2026\u5e74\u9810\u671f\u7684\u9060\u671fEV\/EBITDA\u500d\u6578\u7d04\u70ba8.1\u500d\u3002<\/p>\n

\u6838\u5fc3\u7d50\u8ad6\uff1a<\/strong>\u5728\u7576\u524d\u5e02\u5834\u74b0\u5883\u4e0b\uff0cEnergy Transfer\u00a0\u8207\u00a0Western Midstream\u00a0\u5171\u540c\u5448\u73fe\u4e86\u4e00\u500b\u9817\u5177\u5438\u5f15\u529b\u7684\u6295\u8cc7\u7279\u5fb5\uff1a\u5b83\u5011\u4e0d\u50c5\u63d0\u4f9b\u7576\u4e0b\u9060\u8d85\u5e02\u5834\u5e73\u5747\u6c34\u5e73\u7684\u5373\u6642\u73fe\u91d1\u56de\u5831\uff08\u80a1\u606f\u73878%\u4ee5\u4e0a\uff09\uff0c\u66f4\u901a\u904e\u5805\u5be6\u7684\u8ca1\u52d9\u72c0\u6cc1\uff0c\u660e\u78ba\u7684\u589e\u9577\u8cc7\u672c\u6295\u5165\u53ca\u884c\u696d\u9806\u98a8\uff0c\u70ba\u672a\u4f86\u7684\u80a1\u606f\u589e\u9577\u548c\u80a1\u50f9\u6f5b\u529b\u63d0\u4f9b\u4e86\u96d9\u91cd\u4fdd\u969c\u3002\u5c0d\u65bc\u8457\u773c\u4e8e\u9577\u671f\u8907\u5229\uff0c\u91cd\u8996\u88ab\u52d5\u6536\u5165\u7684\u6295\u8cc7\u8005\uff0c\u9019\u5169\u96bb\u88ab\u4f4e\u4f30\u7684\u9ad8\u606f\u7ba1\u9053\u80a1\u69cb\u6210\u4e86\u4e00\u7d44\u503c\u5f97\u6df1\u5ea6\u7814\u7a76\u7684\u6838\u5fc3\u8cc7\u7522\u914d\u7f6e\u9078\u9805\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u5728\u8ffd\u6c42\u7a69\u5065\u6536\u76ca\u8207\u8cc7\u672c\u589e\u503c\u7684\u6295\u8cc7\u7d44\u5408\u4e2d\uff0c\u5177\u5099\u9ad8\u984d\u4e14\u53ef\u6301\u7e8c\u73fe\u91d1\u5206\u914d\u7684\u8cc7\u7522\u59cb\u7d42\u662f\u6838\u5fc3\u914d\u7f6e\u4e4b\u4e00\u3002\u7576\u524d\uff0c\u7f8e\u570b\u4e2d\u6e38\u80fd\u6e90\u57fa\u790e […]<\/p>\n","protected":false},"author":27,"featured_media":580783,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1522,431],"tags":[2159,589,568,1860],"class_list":["post-607560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1522","category-trends-strategies-zh-hant","tag-2159","tag-589","tag-zh-hant-blog-tag-","tag--zh-hant","sectors-oil-gas-zh-hant","locations-us-zh-hant","exchange-nyse-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/607560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=607560"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/607560\/revisions"}],"predecessor-version":[{"id":607563,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/607560\/revisions\/607563"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/580783"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=607560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=607560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=607560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}