Zacks Investment Research
Zacks Industry Outlook Western Midstream, Global Partners and NGL Energy Partners
The Oil and Gas - Refining & Marketing MLP industry is well-positioned with a Zacks Industry Rank of #40 (top 16%), supported by diversified business models, stronger balance sheets, and improving earnings expectations. The industry has outperformed the S&P 500 (46.2% vs 16.2% over the past year) and trades at a reasonable 12.25X EV/EBITDA. Three stocks highlighted are Western Midstream Partners (Rank #1), Global Partners (Rank #2), and NGL Energy Partners (Rank #3), each benefiting from fee-based contracts, integrated operations, and long-term commitments.
