Investing in quality midstream energy stocks is a proven strategy on Wall Street. One major benefit of investing in midstream companies is that revenue and cash flows are predictable compared to oil exploration and production companies. The majority of a midstream company's revenue is typically fee-based, making them relatively immune to fluctuations in commodity prices.
Here is one standout midstream play from the natural gas space, Kinetik Holdings (KNTK), that also offers shareholders a tasty dividend yield of 7.7%. Up 16.7% so far in 2024, let's see if the stock is still a good buy at current levels.
