What are some MLP stocks?

Top MLP Stocks to Watch in 2026

If you're hunting for steady income in the energy sector, MLP stocks remain a compelling choice. Master Limited Partnerships combine the tax benefits of a partnership with the liquidity of publicly traded shares, making them a favorite among yield-seeking investors. As of 2026, a few names continue to stand out based on distribution yield and sector exposure.

One of the top picks is CrossAmerica Partners (CAPL), a midstream services provider with a strong footprint in fuel distribution and logistics. With consistent cash flows and a solid track record of payouts, it's a go-to for income-focused portfolios. Not far behind is Alliance Resource Partners (ARLP), a major player in the coal and consumable fuels space. Despite industry headwinds, ARLP has managed to maintain reliable distributions thanks to long-term contracts and cost discipline.

Another key name is Black Stone Minerals (BSM), which owns significant royalty interests in oil and gas production across the U.S. Unlike operators, BSM doesn’t bear the cost of drilling—making it a lower-risk play on commodity prices. Then there’s Delek Logistics Partners (DKL), focused on midstream services in refining and logistics. Its integration with Delek US refineries helps support stable cash flow, even in volatile markets.

These MLPs span different corners of the energy world—from fuel transport to fossil fuel production—but they share one thing: a commitment to high, tax-advantaged yields. While the MLP landscape has shifted over the years, these 2026 standouts reflect resilience and strategic positioning. For investors willing to navigate the K-1 forms and sector risks, they offer a rare combination of income and exposure to essential energy infrastructure.