"AMLP holds a concentrated basket of midstream MLPs that earn fee-based revenue by moving oil, natural gas, and refined products through pipelines and processing facilities. These companies collect tolls on volumes transported rather than betting on commodity prices, creating relatively predictable cash flows."
"Unlike most ETFs, AMLP is organized as a C-corporation, meaning it pays corporate taxes internally before distributing income. This tax drag reduces the yield investors actually receive compared to owning MLPs directly."
"AMLP paid $3.93 per share in 2025, up from $3.71 in 2024 and $2.80 in 2021, a five-year compound annual growth rate of approximately 8.7%. The most recent quarterly distribution of $1.01 per share, paid in February 2026, is the highest in the fund's recent history."
AMLP provides income investors exposure to midstream energy infrastructure through Master Limited Partnerships, currently yielding 7.6% with a price of $51.79 and trailing annual distributions of $3.93 per share. The fund holds concentrated midstream MLPs earning fee-based revenue by transporting oil, natural gas, and refined products through pipelines and processing facilities, generating relatively predictable cash flows from volume tolls rather than commodity price speculation. A critical structural distinction is AMLP's C-corporation organization, which creates internal tax drag by paying corporate taxes before distributing income, reducing yields compared to direct MLP ownership. Distribution growth has been strong, increasing from $2.80 per share in 2021 to $3.93 in 2025, representing an 8.7% compound annual growth rate, with the most recent quarterly distribution of $1.01 per share in February 2026 marking a historical high.
Read at 247wallst.com
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