In this article, we are going to discuss the 10 best high yield energy stocks to buy now.
The energy industry is known for its strong commitment to shareholders and generous payouts. According to figures from Janus Henderson, the oil, gas, and energy sector reported an annual underlying dividend growth rate of 3% last year. The sector distributed $166.2 billion in dividends in 2024, up significantly from $118.9 billion it paid in 2018.
However, sustaining such a high level of payouts is getting increasingly difficult. With gains of just under 2% since the beginning of 2025, the overall energy sector is lagging significantly behind the overall market, which has risen by 16.56% as of the writing of this piece. This is primarily due to a 15% drop in global crude oil prices, driven by increased production, an escalating global trade war, and a shaky demand outlook.
The low-priced environment has forced the oil and gas operators to find other avenues of increasing profits and hence pay hefty payouts, including cost-cutting by way of improving efficiency, and investing in other sources of energy, such as LNG and nuclear.
With that said, here are the Best Energy Dividend Stocks to Buy Now.
Our Methodology
To collect data for this article, we observed various companies operating in the energy sector and then shortlisted the ones with annual dividend yields of over 4% as of November 1, 2025, and that have maintained their dividend policies over the last few years. The following are the Best Energy Dividend Stocks with High Yields.
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11. Chevron Corporation (NYSE:CVX)
Dividend Yield as of November 1: 4.34%
Chevron Corporation (NYSE:CVX) manufactures and sells a range of high-quality refined products, including gasoline, diesel, marine and aviation fuels, premium base oil, finished lubricants, and fuel oil additives.
Chevron Corporation (NYSE:CVX) remains resilient despite a low-price environment, and the oil giant reported strong results for its third quarter on October 31, topping expectations in both earnings and revenue. Chevron completed the acquisition of Hess in July, and the combined company produced 4.1 million barrels of oil equivalent per day (boepd) in Q3, up significantly from 3.4 million boepd in the same quarter last year. The company also continues to work on improving efficiency and is on track to achieve $2 billion to $3 billion in cost reductions next year.
Chevron Corporation (NYSE:CVX) generated free cash flow of $4.9 billion during the quarter and returned $6 billion to shareholders in the form of dividends and share repurchases. The company’s diverse industry exposure and strong financial position have allowed it to grow its annual dividends for 38 consecutive years, putting it among the Top 15 Dividend Growth Stocks for Long-Term Investors.
10. NorthWestern Energy Group, Inc. (NASDAQ:NWE)
Dividend Yield as of November 1: 4.42%
NorthWestern Energy Group, Inc. (NASDAQ:NWE) is a utility company providing reliable and affordable electricity and natural gas to customers in Montana, South Dakota, and Nebraska.
NorthWestern Energy Group, Inc. (NASDAQ:NWE) revealed a strong performance in its third quarter report on October 30, with the company beating estimates and recording growth in both earnings and revenue. NWE’s adjusted EPS of $0.79 was up by over 21% YoY and topped consensus by $0.04, while its revenue of $387 million grew by 12% compared to the same period last year and beat expectations by $11 million. Moreover, the utility revealed that its merger with Black Hills is expected to close in the back half of 2026.
NorthWestern Energy Group, Inc. (NASDAQ:NWE) also reaffirmed its $2.7 billion capital investment plan for 2025-2029, which is expected to support a 4% to 6% long-term EPS and rate base growth rate.
NorthWestern Energy Group, Inc. (NASDAQ:NWE) also declared a quarterly dividend of $0.66 per share and reiterated its commitment to maintaining a dividend payout ratio within its targeted range of 60-70% over the long term.
9. Dominion Energy, Inc. (NYSE:D)
Dividend Yield as of November 1: 4.55%
Dominion Energy, Inc. (NYSE:D) provides regulated electricity service to 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, and regulated natural gas service to 500,000 customers in South Carolina.
Dominion Energy, Inc. (NYSE:D) announced strong results for its Q3 on October 31, beating its quarterly profit and revenue estimates, helped by increased power demand in its Virginia and South Carolina segments. Moreover, the company revealed that its data center pipeline grew by 17% since the end of last year, further solidifying its position as the world’s biggest data center-serving electric utility. To keep up with the rapidly ballooning demand, the company is planning to invest $50 billion through 2029 to expand its power infrastructure.
Dominion Energy, Inc. (NYSE:D) received a boost on October 27 when RBC Capital analyst Stephen D‘Ambrisi resumed coverage of the stock with a ‘Sector Perform’ rating and a price target of $70, up from its current trading value of less than $59. According to the analyst, Dominion seems like an attractive option at a roughly 11% discount to electric peers on RBC’s slightly above-consensus 2028 EPS estimate. However, the analyst also highlighted the large project risk associated with the utility’s Coastal Virginia Offshore Wind project, given that the under-construction project is under federal review by the Trump administration.
Dominion Energy declared a quarterly dividend of $0.6675 per share on October 29. With a robust annual dividend yield of 4.55% as of the writing of this piece, Dominion Energy, Inc. (NYSE:D) was recently included in our list of the 12 Best Utility Stocks to Buy for Dividends.
8. Patterson-UTI Energy, Inc. (NASDAQ:PTEN)
Dividend Yield as of November 1: 5.1%
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) is a leading provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and other select countries.
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) announced better-than-expected results for its third quarter on October 23, beating forecasts in both earnings and revenue. Given the company reporting a resilient performance in Q3 and presenting a Q4 guidance above its pre-release forecast, Stifel raised PTEN’s price target from $8 to $9, while keeping a ‘Buy’ rating on its shares.
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) returned $162 million to shareholders through dividends and share repurchases in the first three quarters of 2025. The company declared a $0.08 per share dividend for the fourth quarter of 2025 and reiterated its commitment to returning at least 50% of its annual free cash flow to shareholders.
7. BP p.l.c. (NYSE:BP)
Dividend Yield as of November 1: 5.52%
BP p.l.c. (NYSE:BP) is a British multinational company recognized worldwide for quality gasoline, transport fuels, chemicals, and alternative sources of energy such as wind and biofuels.
On October 30, BP p.l.c. (NYSE:BP) provided an update following its significant hydrocarbon discovery this summer at the Bumerangue block offshore Brazil. The company revealed that its initial laboratory and pressure gradient analysis has confirmed the presence of an around 1,000 metre gross hydrocarbon column, including a 100 metre gross oil column and a 900 metre gross liquids-rich gas-condensate column. BP also reported that it is continuing laboratory testing and other analysis, with the planning of appraisal activities currently ongoing, while well activities are expected to begin in early 2027, subject to regulatory approval.
Gordon Birrell, BP p.l.c. (NYSE:BP)’s executive vice president for Production & Operations stated:
“2025 has seen significant strategic progress across BP’s Upstream with record plant reliability, six major project start-ups, five more sanctioned and a string of exploration discoveries including Bumerangue. We are still in the exploration phase for Bumerangue, however, initial results and analysis are extremely encouraging as they indicate a very large hydrocarbon column and a significant volume of liquids in the reservoir.”
BP p.l.c. (NYSE:BP) announced earlier this month that it expects its Q3 upstream production, sales volumes, and refining margins to increase compared to the previous quarter. The oil major is expected to release its third-quarter operational and financial results on November 4.
With a hefty annual dividend yield of 5.52%, BP p.l.c. (NYSE:BP) is included among the 11 Best FTSE Dividend Stocks to Buy Right Now.
6. Enbridge Inc. (NYSE:ENB)
Dividend Yield as of November 1: 5.85%
Enbridge Inc. (NYSE:ENB) is a midstream energy company that focuses on transporting and distributing oil, natural gas, and natural gas liquids. The Canadian company moves about 30% of the crude oil produced in North America.
Enbridge Inc. (NYSE:ENB) received a boost on October 29 when Jeffries raised the stock’s price target from $51.35 to $52.06, while reiterating a ‘Buy’ rating on its shares. Earlier on October 26, RBC Capital also maintained its ‘Buy’ rating on Enbridge while giving the stock a price target of $47.78. The company’s shares closed on October 31 at $46.98, up by almost 8.5% since the beginning of 2025.
Enbridge Inc. (NYSE:ENB)’s low-risk business model enables it to generate stable cash flows, backed by stable cost-of-service arrangements or long-term, fee-based contracts. As a result, the company has achieved its annual financial guidance in each of the last 19 years.
Enbridge Inc. (NYSE:ENB) also remains focused on expansion and ended Q2 2025 with $22.8 billion of secured capital projects. Moreover, the company announced in September that it had reached a final investment decision to go ahead with the Algonquin gas transmission (AGT) pipeline expansion to capitalize on the rapidly expanding natural gas demand in the United States. ENB expects its investments to fuel 3% compound annual cash flow per share growth through next year.
One of the dividend aristocrats in its sector, Enbridge Inc. (NYSE:ENB) has paid dividends for more than 70 years and increased its payout annually for the past three decades. The company boasts a distributable cash-flow payout of between 60% and 70% and expects to return approximately $40 billion to $45 billion over the next 5 years.
5. TotalEnergies SE (NYSE:TTE)
Dividend Yield as of November 1: 5.88%
TotalEnergies SE (NYSE:TTE) is a global integrated energy company that produces and markets energy. The company is currently the third-largest LNG operator in the world, with sales of 40 metric tons in 2024.
TotalEnergies SE (NYSE:TTE) reported its Q3 results on October 30, with the company falling short of estimates in both profits and revenue. That said, the French oil major’s earnings for the quarter remained almost flat from a year earlier, despite oil prices decreasing by around $10 per barrel. Moreover, the company grew its hydrocarbon production by 4% YoY to 2.5 million barrels of oil equivalent per day, leading to a 10% boost in upstream earnings.
Patrick Pouyanné, CEO of TotalEnergies SE (NYSE:TTE), stated:
“The company’s strong financials are underpinned by accretive hydrocarbon production growth of more than 4% year-on-year and improved Downstream results that highlight the company’s profitable growth strategy and integrated model.
Exploration & Production reported adjusted net operating income of $2.2 billion and cash flow of $4 billion in the third quarter, increasing by 10% and 6% quarter-to-quarter, respectively.”
Keeping its commitment to shareholders, TotalEnergies SE (NYSE:TTE) announced the distribution of its third interim dividend of 0.85 €/share for FY2025, up by around 7.6% compared to last year and at the same level as previous interim dividends.
4. ONEOK, Inc. (NYSE:OKE)
Dividend Yield as of November 1: 6.15%
Next on our list of the Best Energy Dividend Stocks is ONEOK, Inc. (NYSE:OKE), one of the largest diversified energy infrastructure companies in the US, owning and operating an extensive network of NGLs, natural gas, refined products, and crude oil assets.
ONEOK, Inc. (NYSE:OKE) reported a significant growth in revenue profits in its third quarter report on October 28, with the company’s net income increasing by over 36% YoY on the back of robust volumes in the Rocky Mountain region as well as the impact of a series of acquisitions. Moreover, OKE managed to beat forecasts in both earnings and revenue.
ONEOK, Inc. (NYSE:OKE) has significantly expanded its operations through a series of acquisitions over the last two years, including a Gulf Coast NGL pipeline system from Easton Energy, as well as Medallion Midstream and EnLink Midstream. By the end of this year, the company expects to realize nearly $500 million of synergies since closing its Magellan acquisition in September 2023, far exceeding its original estimates.
In Q3, ONEOK, Inc. (NYSE:OKE) repurchased 611,237 shares of common stock for $45 million under its $2 billion share repurchase program. Moreover, the company retired more than $500 million in senior notes through a combination of scheduled maturities and repurchases. OKE also declared a quarterly dividend of $1.03 per share in October.
3. Viper Energy, Inc. (NASDAQ:VNOM)
Dividend Yield as of November 1: 6.28%
Viper Energy, Inc. (NASDAQ:VNOM) is a publicly traded Delaware corporation focused on owning and acquiring mineral and royalty interests, primarily in the Permian Basin.
On October 23, Jefferies analyst John Edelman initiated coverage of Viper Energy, Inc. (NASDAQ:VNOM) with a price target of $38 and a ‘Hold’ rating, held back by high valuation and the oil price risk in the current cycle. The analyst firm is awaiting a better entry point before recommending to invest in the stock.
Viper Energy, Inc. (NASDAQ:VNOM) completed the acquisition of Sitio Royalties this August, and the analyst expects the deal to be around 15% accretive to the company’s cash flow per share and 13% accretive to earnings per share. However, the diversification away from Diamondback Energy (the majority shareholder of VNOM) has raised some concerns around Viper’s historical strategy as a Permian pure play with strong ties to its parent.
Viper Energy, Inc. (NASDAQ:VNOM) increased its quarterly dividend by 10% to $0.33 per share in August, in addition to announcing a variable cash dividend of $0.20 per share. The stock boasts a hefty dividend yield of 6.28% as of the writing of this piece.
2. Sunoco LP (NYSE:SUN)
Dividend Yield as of November 1: 7.05%
Sunoco LP (NYSE:SUN) is a leading operator of critical energy infrastructure and the largest independent fuel distributor in North America.
Sunoco LP (NYSE:SUN) received a boost on October 29 when Wells Fargo analyst Ned Baramov upgraded the stock from Equal Weight to Overweight, while also increasing its price target from $61 to $65. The adjustment comes on the back of the compelling pro-forma valuation and to reflect the pending close of the Parkland merger. The analyst expects the company’s free cash flow profile to improve materially post-deal and sees further upside from additional synergies.
Sunoco LP (NYSE:SUN) announced in October that its proposed takeover of fuel retailer and refiner Parkland has been approved by the Canadian government. The deal, worth around $9.1 billion, is expected to significantly expand the company’s footprint in Canada and solidify its position in the fuel distribution market across North America. Sunoco expects the transaction to close on October 31, subject to the satisfaction or waiver of customary closing conditions.
Sunoco LP (NYSE:SUN) increased its dividend by 1.3% to $0.9202 per share on October 20. The company boasts an annual dividend yield of 7.05% as of the writing of this piece.
1. Energy Transfer LP (NYSE:ET)
Dividend Yield as of November 1: 7.9%
Topping our list of the Best Energy Dividend Stocks to Invest in is Energy Transfer LP (NYSE:ET), one of the largest and most diversified midstream energy companies in North America, with a strategic footprint in all of the major US production basins.
On October 29, Jefferies analyst Julien Dumoulin-Smith initiated coverage of Energy Transfer LP (NYSE:ET) with a ‘Hold’ rating and a price target of $17. The analyst explains that the rating is driven by a lack of absolute growth in natural gas, headwinds facing the natural gas liquids business amid a weaker oil macro and increasing competition in the Permian, and an absence of positive catalysts that could drive an upward re-rating.
Energy Transfer LP (NYSE:ET) distributed $2.3 billion to its investors in the first half of 2025 and boasts an impressive annual dividend yield of 7.9% as of the writing of this piece. On October 28, the company grew its quarterly dividend by 0.7% to $0.3325 per share, marking its 16th consecutive quarter of dividend increase.
With an upside potential of over 33% as of the writing of this piece, Energy Transfer LP (NYSE:ET) is included among the 12 Most Promising Dividend Stocks According to Wall Street Analysts.
While we acknowledge the potential of ET to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ET and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 12 Best Utility Stocks to Buy for Dividends and 12 Best LNG Stocks to Buy According to Hedge Funds.
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