Looking for some help. I have shares and I like the dividend, but need help understanding the long term prospects. All O/G folks, what do you think?

Just FYI, you won't get a dividend as EPD is an MLP. You will be getting a distribution as a partner in a partnership, which is non- taxable. You will have to declare (and pay tax on) your share of allocated income on Form K-1. When you sell those partnership units there will be a gain/loss based on your partnership basis.

Some non K-1 ideas are Antero Midstream (AM), Hess Mid-Stream (HESM) and Kinetik OR Alerian MLP Fund (AMLP)

I'm not super familiar with EPD's assets, but as a midstream company, the vast majority of their revenue is fee based. Think of them like a toll road for hydrocarbons. If you think their traffic will stay the same or increase, you should probably hold. If you think traffic will decrease, sell.

Since midstream companies have become more fee-based businesses, they are not as sensitive to underlying commodity prices, but ultimately, their volumes will be sensitive to commodity prices.

I've mentioned on this forum my attraction to KNTK over the last couple of years and I am also at a decision point to sell or hold. The stock is up ~95% since my entry, plus I have received ~20% of my basis in dividends. They currently have a high P/E relative to some of their peers, but their earnings continue to grow and they have a very attractive optimization project in progress that should further help earnings. I think they are an attractive target to larger midstream companies that would like to enter or expand their presence in the Permian. I just don't know what the acquisition appetite of those companies are. Today, I'm a buyer below $52 and a seller above $62.

I'm long EPD. Regulations have made building new pipelines expensive and challenging, so older companies like EPD, KM, ET, etc. really have very valuable assets on their hands. If you believe we will all be driving electric vehicles in 10 to 15 years, you may want to sell out. If you think we will be using fossil fuels for the next 100+ years, these are solid investments with strong dividends and predictable earnings, which are hard not to like for the average investor.

If you don't understand MLP's, you may want to get a tax professional to help you with your K-1s and your taxes. GL!

Thank you for the insight. Much appreciated.