In this article, we will be looking at the 12 best MLP dividend stocks to buy according to analysts.
Policy uncertainty and prolonged interest rate stagnation loom over the market like storm clouds and investors are finding refuge in income-generating assets like Master Limited Partnerships. MLPs are known for offering attractive yields and tax advantages. With the Federal Reserve holding rates steadily longer than anticipated, these MLPs are gaining more traction.
According to CNN, Fed Chair Jerome Powell recently confirmed that rate cuts would have been on the table this year had it not been for President Trump’s tariff policies. The latter has forced central bankers into a cautious stance.
This extended pause on rate cuts is having an impact on the market behavior. Though bonds and growth stocks are valuable investments, the muted returns and the valuation pressures in many cases are diverting the institutional investor’s attention toward MLPs. In addition to offering double-digit yields in some cases, these investments are also providing a layer of insulation against monetary policy indecision.
And it’s not just today. Historically, MLPs have often outperformed the broader equities during tightening interest rate cycles, thus increasing their appeal, even now, to investors seeking stable long-term income.
With this renewed optimism circling the sector, now might be the right time to evaluate which MLPs deserve a spot in your portfolio. So, stay with us as we count down from 12 to 1, the best MLP dividend stocks to buy based on analysts’ recommendations.
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Our Methodology
When compiling our list of the 12 best MLP dividend stocks to buy according to analysts, we have followed a few criteria. Primarily, we took only the MLP stocks with a Buy rating from analysts to ensure that our list is backed by expert recommendations. We shortened the list further by removing stocks with a dividend yield of less than 3%. With this criterion, we present you a list of high-income generating MLP dividend stocks in the market. For ranking the stocks, we have used the dividend yield.
All the data used in the article was taken from financial databases and analyst reports, with all information updated as of July 4, 2025.
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12. Dynagas LNG Partners LP (NYSE:DLNG)
Dividend Yield: 5.57%
Analyst Rating: Buy
Dynagas LNG Partners LP (NYSE:DLNG) is part of our list of 12 best MLP dividend stocks to buy according to analysts. The company’s share nears the 50-day moving average following better-than-predicted results in Q1 2025.
Greece-based company, Dynagas LNG Partners LP (NYSE:DLNG) owns and operates six liquefied natural gas (LNG) carriers with a collective capacity of approximately 914,000 m³. Generating cash flows from time-charter contracts, the company’s vessels are employed under multi-year charters to major energy companies. This fee‑based model is also asset-light and hence allows for high utilization without exposing the business to commodity price risk.
With its share price being $3.59 as of July 3, 2025, Dynagas LNG Partners LP (NYSE:DLNG) is nearing its 50-day moving average of $3.61, though the gap is wider in the case of the 200-day moving average of $4.08.
These changes follow the Q1 2025 results, announced by the company on May 27, 2025. In its announcement, the company reported adjusted earnings per share (EPS) of $0.30, which surpassed the analysts’ consensus estimates of $0.28 by $0.02. In terms of revenue as well, the company topped the analysts’ estimated $36.96 million, reaching a value of $39.11 million. Additionally, the company has declared cash distributions for its Series A and B Preferred Units and common units for the quarter while fully redeeming its 8.75% Series B Cumulative Redeemable Perpetual Preferred Units, with the redemption set for July 25, 2025.
The move is expected to remove Series B Preferred Units from trading. The company offers a dividend yield of 5.57%, alongside a Buy rating, for investors seeking a low-priced and stable income MLP dividend stock.
11. Global Partners LP (NYSE:GLP)
Dividend Yield: 5.65%
Analyst Rating: Buy
Global Partners LP (NYSE:GLP) is among our list of 12 best MLP dividend stocks to buy according to analysts. The company completes $450 million senior notes placement following changes in its Board.
Headquartered in Massachusetts, Global Partners LP (NYSE:GLP) is a leading independent owner, supplier, and operator of liquid energy terminals, fueling locations, and retail experiences. The company’s focus is on the wholesale and retail distribution of gasoline, distillates, residual oil, and renewable fuels. It primarily operates in the Northeast, Mid-Atlantic, and Texas regions of the US.
The company announced the passing of Richard Slifka, Chairman of the Board of Directors of the Partnership’s general partner, Global GP LLC, on May 25, 2025. Another change to the Board was contributed by the appointment of Thomas P. Jalkut as the new Vice Chairman.
Following these changes in the Board, Global Partners LP (NYSE:GLP) announced the completion of a private placement of $450 million in senior notes due 2033. The senior notes had an interest rate of 7.125% per annum, and the company intended to use the proceeds for funding a cash tender offer for the outstanding 7% senior notes due 2027 as well as to meet a portion of the debt under its credit agreement.
With the debt refinancing to support financial stability, investors interested in the company’s 5.65% dividend yield can purchase this MLP stock.
10. Sunoco LP (NYSE:SUN)
Dividend Yield: 6.70%
Analyst Rating: Buy
Sunoco LP (NYSE:SUN) is among the 12 best MLP dividend stocks to buy according to analysts. The company’s new acquisition agreement has made an impact on the ratings of Parkland Corporation.
Sunoco LP (NYSE:SUN) is the largest independent fuel distributor in North America and a key midstream energy infrastructure operator. Headquartered in Texas, the company manages over 14,000 miles of pipelines and more than 100 terminals, delivering approximately 9 billion gallons of motor fuel annually. The company’s client base is comprised of dealers and branded partners across 40+ states, Puerto Rico, Europe, and Mexico.
On May 4, 2025, Sunoco LP (NYSE:SUN) agreed to acquire all outstanding common shares of Parkland Corporation. Later, on May 27, 2025, Parkland announced a private consent solicitation to amend the indentures governing its outstanding senior notes with an aim to include Sunoco LP (NYSE:SUN) and its affiliates as “Qualified Owners” of Parkland.
Multiple analysts downgraded Parkland following this announcement. For instance, BMO Capital downgraded it from Outperform to Market Perform. Meanwhile, the monthly performance of Sunoco LP (NYSE:SUN) stayed positive with an uptick of 1.23%.
The company offers a dividend yield of 6.70% alongside a consensus Buy rating from analysts, inviting investors with both an attractive yield and confidence from market experts.
9. Enterprise Products Partners L.P. (NYSE:EPD)
Dividend Yield: 6.90%
Analyst Rating: Buy
Enterprise Products Partners L.P. (NYSE:EPD) ranks among our list of 12 best MLP dividend stocks to buy according to analysts. The company benefits from lifted export restrictions and a reiterated Buy rating from analysts as of July 3, 2025.
Texas-based company, Enterprise Products Partners L.P. (NYSE:EPD) is a leading North American midstream energy provider. The company owns and operates an integrated network of pipelines, storage terminals, fractionation plants, and marine docks. Its focus is on transporting and processing crude oil, natural gas, NGLs, refined products, and petrochemicals.
The company received a letter from the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce on June 25, 2025, which restricted the export of ethane to China without a license, even though it is authorized to load and transport ethane to foreign ports.
On July 2, 2025, however, the BIS withdrew its licensing requirements, allowing the company to engage in transactions with parties located in China or identified as Chinese military end users. After the lifting of these export restrictions, RBC Capital reiterated a Buy rating on the stock, while setting the price target at $35. Barclays also sticks to their Buy rating, but earlier they reduced their price target from $36 to $35.
Enterprise Products Partners L.P. (NYSE:EPD)’s dividend yield of 6.90% stands attractive alongside the consensus Buy rating and an upside potential of 14.25% from analysts.
8. Hess Midstream LP (NYSE:HESM)
Dividend Yield: 7.18%
Analyst Rating: Buy
Hess Midstream LP (NYSE:HESM) earns a spot among our list of 12 best MLP dividend stocks to buy according to analysts.
Hess Midstream LP (NYSE:HESM) is a midstream energy company focused on fee-based gathering, processing, storage, and terminal services. With headquarters in Texas, the company has operations running across the Bakken and Three Forks shale plays. Managing extensive natural gas, crude oil, and produced water infrastructure, the company serves Hess Corporation and third-party customers.
On May 28, 2025, the company announced the pricing of a secondary public offering. It involves offering 15,022,517 Class A shares at $37.25 per share. Under the management of J.P. Morgan and Citigroup, the company anticipates a return of $559.59 million for the selling shareholder. Hess Midstream LP (NYSE:HESM) will not receive any proceeds.
Later, owing to the closure of a registered underwritten public offering on May 30, 2025, the company announces the exit of Global Infrastructure Partners, a part of BlackRock, from its position in Hess Midstream. The consolidated ownership of the company now rests at 62.2% with the public and 37.8% with Hess Corporation.
Hence, as of now, the company’s dividend policy and payouts remain strongly driven by its own operations. With a solid Buy rating from analysts and a dividend yield of 7.18%, the company’s shares are available for interested investors.
7. Energy Transfer LP (NYSE:ET)
Dividend Yield: 7.23%
Analyst Rating: Buy
Energy Transfer LP (NYSE:ET) is one of the 12 best MLP dividend stocks to buy according to analysts. BIS has rescinded the license requirement for exporting ethane to China or Chinese military end users, amid Buy ratings from analysts.
Energy Transfer LP (NYSE:ET) is one of North America’s largest midstream energy companies, operating from its headquarters in Texas. The company owns and operates over 125,000 miles of pipelines, storage terminals, LNG facilities, and export infrastructure. It transports crude oil, natural gas, NGLs, refined products, and LNG across the U.S.
The Bureau of Industry and Security (BIS) notified the company earlier in June that it requires a license to export ethane to China. Though it disrupted the company’s business operations, one of the company’s directors, James Richard Perry, made a bold move by purchasing 25,892 shares, in a transaction valued at $350,059, signaling strong confidence in the company’s growth capabilities.
With 6 analysts from Wall Street maintaining a Strong Buy rating on the stock, the company saw on July 2, 2025, BIS rescinding its license requirements for ethane exports.
Energy Transfer LP (NYSE:ET) offers a dividend yield of 7.2%. With a consensus Buy rating and a 1-year upside potential of 27.99%, the stock might be what MLP interested investors are seeking.
6. MPLX LP (NYSE:MPLX)
Dividend Yield: 7.43%
Analyst Rating: Buy
MPLX LP (NYSE:MPLX) is one of the 12 best MLP dividend stocks to buy according to analysts. Following strong Q1 2025 earnings, the company consistently witnesses its Buy rating maintained by analysts.
The Ohio-based large-cap master limited partnership, MPLX LP (NYSE:MPLX) was formed in 2012 by Marathon Petroleum Corporation. The company owns and operates an integrated network of midstream energy infrastructure, including crude oil and refined product pipelines, storage terminals, marine docks, and natural gas gathering, processing, and fractionation facilities, primarily across the U.S. Midwest and Gulf Coast. In addition to MPC, the partnership also provides fuel distribution services to third-party customers.
On May 6, 2025, the company reported its Q1 2025 results, which indicated a 7% year-over-year increase in adjusted EBITDA. MPLX LP (NYSE:MPLX) also demonstrated strong commitments to capital return by distributing nearly $1 billion to unitholders and repurchasing $100 million in units.
In the following days, till June 3, 2025, various analysts, including Barclays, J.P. Morgan, and RBC Capital, reiterated their Buy rating on the stock, suggesting notable confidence in the company’s growth potential. Among these analysts, it needs to be noted that Barclays lowered the price target from $55 to $52, pointing to ongoing economic volatility.
With a dividend yield of 7.43% and a consensus Buy rating from analysts, MPLX LP (NYSE:MPLX) remains attractive for investors seeking stable MLP dividend-based income.
5. Plains All American Pipeline, L.P. (NASDAQ:PAA)
Dividend Yield: 8.30%
Analyst Rating: Buy
Plains All American Pipeline, L.P. (NASDAQ:PAA) earns a place among our list of 12 best MLP dividend stocks to buy according to analysts. The company saw its price target raised after the announcement to sell its Canadian NGL business.
Headquartered in Texas, Plains All American Pipeline, L.P. (NASDAQ:PAA) is a master limited partnership specializing in midstream energy infrastructure. The company owns approximately 18,300 miles of crude oil and NGL pipelines, along with extensive storage and gathering assets across the U.S. and Canada. Founded in 1981, the company currently handles close to 8 million barrels daily through its operations.
On June 17, 2025, Plains All American Pipeline, L.P. (NASDAQ:PAA) announced entering into an agreement with Keyera Corp to sell its Canadian NGL business. The transaction, approximately valued at C$5.15 billion, is expected to close in Q1 2026. Through the sale, the company intends to focus on its crude oil operations in North America and optimize its financial flexibility.
Following the sales, multiple analysts have increased their price target on the stock. Mizuho raised it from $20 to $22 on June 18, 2025, while keeping the Outperform rating. J.P. Morgan reflected the sentiment and raised the price target from $19 to $20 while keeping a Neutral rating.
With a 1-year upside potential of 13.64% and a dividend yield of 8.30%, Plains All American Pipeline, L.P. (NASDAQ:PAA) potentially attracts investors seeking a stable income and growth in investment.
4. Westlake Chemical Partners LP (NYSE:WLKP)
Dividend Yield: 8.54%
Analyst Rating: Buy
Westlake Chemical Partners LP (NYSE:WLKP) is featured on our list of 12 best MLP dividend stocks to buy according to analysts. Amid mixed Q1 earnings call and Buy rating, a top executive makes a significant stock sale.
Westlake Chemical Partners LP (NYSE:WLKP) owns, operates, and grows ethylene production assets. Based in Texas, the firm oversees three U.S. ethylene facilities in Kentucky and Louisiana and a 200-mile ethylene pipeline through its operating company (OpCo). With 3.7 billion pounds of annual capacity, it also markets co-products like propylene, butadiene, and hydrogen to third parties.
On May 2, 2025, the company reported its first quarter results, highlighting a net income of $5 million. The consolidated cash balance and cash investments totaled around $154 million, indicating a robust balance sheet. However, the report also indicated a fall in net income by nearly $10 million owing to lower production and sales volume from the planned turnaround at Petro 1.
On May 28, 2025, Barclays reiterated a Buy rating on the stock. Amid this rating, Senior Chairman James Chao sold 10,208 of the company’s shares in a transaction valued at $225,989. Despite these mixed signs, the stock’s recent monthly and weekly performance has remained positive, with an upward movement of 1.67% and 0.49% respectively.
Investors seeking a stable income might find Westlake Chemical Partners LP (NYSE:WLKP)’s dividend yield of 8.54%, supported by a Buy rating, attractive.
3. Delek Logistics Partners, LP (NYSE:DKL)
Dividend Yield: 10.34%
Analyst Rating: Buy
Delek Logistics Partners, LP (NYSE:DKL) holds a place in our list of 12 best MLP dividend stocks to buy according to analysts. The company upsizes a $700 million senior notes offering and receives a new rating from Mizuho Securities the following day.
Based in Tennessee, Delek Logistics Partners, LP (NYSE:DKL) is a master limited partnership specializing in midstream energy services. The company operates crude oil gathering systems, pipelines, storage terminals, and water disposal facilities across West Texas, the Southeast, and the Gulf Coast. Founded in 2012, it serves both Delek US refineries and third-party customers.
On June 25, 2025, the company announced the pricing of an upsized offering of $700 million in senior notes. The notes due in 2033 carried an interest rate of 7.375%. With the offering, the company intended to meet part of the outstanding borrowings under its revolving credit facility. Following this initiation, on June 26, 2025, Mizuho Securities initiated coverage on Delek Logistics Partners, LP (NYSE:DKL), with a Hold rating and a price target of $44.00.
On June 30, 2025, the company announced the closing of this upsized offering. The increased liquidity, resulting from the $700 million in senior notes offering, provides potential investment opportunities for Delek Logistics Partners, LP (NYSE:DKL).
This new development reinforces the company’s capability in meeting its dividend payments, which has 12 years of consecutive growth. Investors interested in purchasing the stock must note that Delek Logistics Partners, LP (NYSE:DKL) has a consensus Buy rating and offers a dividend yield of 10.34%.
2. Alliance Resource Partners, L.P. (NASDAQ:ARLP)
Dividend Yield: 10.71%
Analyst Rating: Buy
Alliance Resource Partners, L.P. (NASDAQ:ARLP) is among our list of 12 best MLP dividend stocks to buy according to analysts. Analysts reaffirm their Buy rating on the stock, following moderately positive Q1 2025 results.
Headquartered in Oklahoma, Alliance Resource Partners, L.P. (NASDAQ:ARLP) is a diversified natural resource company with a special focus on bituminous coal production for electric utilities and industrial users. The company operates seven underground mining complexes across the Illinois Basin and Appalachia and earns royalties from oil and gas mineral interests. It also provides technological solutions such as communication systems and proximity detection for mining operations.
On April 28, 2025, the company released its Q1 2025 results, which highlighted some key positive points, including a total revenue of $540.5 million that met the company’s expectations and a commitment for an additional 17.7 million tons of coal over the 2025 to 2028 period. However, these results were also accompanied by a few setbacks, such as the fall in revenue compared to the same quarter the previous year, due to reduced coal sales volumes and prices.
Even so, the company finds its Buy rating reiterated by Noble Financial on April 30, 2025, with a price target of $31, signifying confidence in the company’s future progress.
Offering a dividend yield of 10.71% with a consensus Buy rating from 3 analysts, as per CNN, Alliance Resource Partners, L.P. (NASDAQ:ARLP) stands as an attractive investment for those seeking MLP dividend stocks.
1. Icahn Enterprises L.P. (NASDAQ:IEP)
Dividend Yield: 24.88%
Analyst Rating: Buy
Icahn Enterprises L.P. (NASDAQ:IEP) holds a position in the list of 12 best MLP dividend stocks to buy according to analysts. Following significant losses in net income and revenue in Q1 2025, the company has increased its stake in four holdings.
Florida-based company, Icahn Enterprises L.P. (NASDAQ:IEP) is a diversified holding company operating across energy, automotive, food packaging, metals, real estate, home fashion, pharmaceuticals, and investment sectors. Functioning as a master limited partnership, the company is controlled by Carl Icahn, a leading American businessman and investor.
In its Q1 earnings call, released on May 7, 2025, the company reported a few significant losses. Specifically, the revenue declined from $2.5 billion in Q1 2024 to $1.9 billion in Q1 2025. Net loss, on the other hand, increased from $38 million in the same quarter of the previous year to $422 million in the first quarter of the current year, due to negative performance in funds.
Later, in an SEC filing, the company disclosed its holdings as of March 31, 2025. Based on the disclosure, the company has increased its stake in four holdings, including by size of previous position, CVR Energy, JetBlue, Illumina, and CVR Partners. The 3% increase in CVR Energy’s share price, which contributed to $80 million increase from the previous quarter, indicates that Icahn Enterprises L.P. (NASDAQ:IEP) has made good investments.
The company offers a significantly high dividend yield of 24.88%, while having gained a Buy rating from analysts, turning Icahn Enterprises L.P. (NASDAQ:IEP) into one of the best MLP dividend stocks.
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