Three energy midstream companies—Delek Logistics Partners, Hess Midstream, and Plains All American Pipeline—offer high dividend yields between 8-9% and have recently increased their distributions. All three have strong cash flow generation, long-term contracts, and strategic investments positioning them for continued dividend growth.

Plains All American Pipeline (PAA) and Plains GP Holdings (PAGP) announced increased quarterly cash distributions for Q4 2025, with PAA Common Units and PAGP Class A Shares rising by $0.0375 per unit (10% annualized increase). The companies will release Q4 2025 earnings on February 6, 2026, followed by a conference call. PAGP expects positive current earnings and profits for Tax Year 2026 due to a pending NGL assets sale, which will make part of distributions taxable as dividends.

Plains All American Pipeline (PAA) and Plains GP Holdings (PAGP) announced increased quarterly cash distributions for Q4 2025, with PAA Common Units and PAGP Class A Shares each rising $0.0375 per unit (10% annualized increase). The companies will release Q4 2025 earnings on February 6, 2026, followed by a conference call. PAGP expects positive current earnings and profits for Tax Year 2026 due to a pending NGL assets sale, which will make part of Class A Share distributions taxable as dividends.

Sable Offshore's stock plummeted 13.49% on December 26, 2025, after environmental groups including the Sierra Club filed a lawsuit to challenge a federal regulator's decision approving the restart of the Las Flores pipeline in California. The Department of Transportation's Pipeline and Hazardous Materials Safety Administration had ruled that the pipeline falls under federal rather than state oversight, but the lawsuit seeks an emergency stay to halt the restart. The pipeline has a troubled history, including a 2015 spill of over 100,000 gallons of oil.

Plains All American Pipeline and PAA Finance Corp. are pricing a $750 million underwritten public offering of debt securities, consisting of $300 million 4.70% Senior Notes due 2031 and $450 million 5.60% senior unsecured notes due 2036, with proceeds intended for general partnership purposes.

Plains All American Pipeline and Plains GP Holdings announced their quarterly cash distributions for Q3 2025, maintaining consistent distribution rates and scheduling their earnings release for November 5, 2025.

Plains All American Pipeline announced a $1.25 billion debt offering of senior unsecured notes to fund a 55% non-operated interest acquisition in EPIC Crude Holdings and redeem existing notes.

Plains All American Pipeline is acquiring a 55% stake in EPIC Crude Holdings for $1.6 billion, expanding its oil infrastructure portfolio and potentially boosting its high-yield dividend distribution.

Diamondback Energy sold its Environmental Disposal Systems unit to Deep Blue Midland Basin for $750 million and its EPIC Crude stake to Plains All American Pipeline for $500 million, expanding water infrastructure and generating significant cash.

Plains All American Pipeline will acquire a 55% non-operated interest in EPIC Crude Holdings for $1.57 billion, expanding its crude oil midstream infrastructure and enhancing market connectivity in the Permian and Eagle Ford basins.

Diamondback Energy is selling its 27.5% equity interest in EPIC Crude Holdings to Plains All American Pipeline for $500 million upfront, with potential additional $96 million contingent payment, expected to close in early 2026.

Plains All American Pipeline will acquire a 55% non-operated interest in EPIC Crude Holdings for $1.57 billion, including $600 million of debt, with a potential additional $193 million earnout payment. The transaction is expected to be immediately accretive to distributable cash flow and enhance market connectivity.