Por que grandes investidores não vendem essas 3 ações de oleodutos de alto rendimento

Há uma razão pela qual ações de oleodutos continuam aparecendo em carteiras de longo prazo, mesmo quando o resto do mercado persegue a próxima grande aposta de crescimento.

Não são tão chamativas — essas ações raramente proporcionam o tipo de drama que define os nomes de momentum de tecnologia —, mas oferecem algo que muitos investidores ainda têm dificuldade em encontrar em 2026.

Ações de oleodutos são conhecidas por gerar renda estável, fluxo de caixa relativamente previsível e modelos de negócio baseados no transporte de energia em vez de tentar adivinhar para onde vão os preços do petróleo ou do gás.

Essa combinação ajuda a explicar por que Enbridge, Energy Transfer e Enterprise Products Partners continuam difíceis de abrir mão.

Suas distribuições ainda são generosas para padrões de empresas de grande capitalização, e cada companhia entrou em 2026 com projetos de crescimento visíveis na fila.

Based on April 8 US market prices, Enbridge was yielding about 7.1%, Energy Transfer about 7.0%, and Enterprise Products Partners about 5.7% to 5.8%.

Enbridge: A pipeline giant

Enbridge makes the most conservative case of the group.

In February, the company reported record 2025 financial results, reaffirmed its 2026 guidance and said its secured growth backlog had climbed to C$39 billion.

It also pointed to its 31st straight annual dividend increase, lifting the annualized payout to C$3.88 a share for 2026.

That is the sort of record income-focused investors tend to stick with, especially when management is also talking about fresh projects and steady growth rather than simple maintenance mode.

The broader investment case is that Enbridge no longer looks like just a crude pipeline operator.

Its footprint now spans liquids pipelines, gas transmission, gas utilities and renewable power.

That diversification matters. It gives investors a more utility-like profile than the old stereotype of a pure fossil-fuel conduit suggests.

Enbridge also said in March that it expects 2026 EBITDA of C$20.2 billion to C$20.8 billion, with new projects and rate-related tailwinds helping support another year of growth.

Energy Transfer: The highest-yield name

Energy Transfer is the more aggressive story. The appeal starts with the payout, which remains one of the fattest in big midstream.

In January, the partnership raised its quarterly cash distribution to $0.335 per unit, or $1.34 annualized.

By mid-April pricing, that still translated into roughly a 7% yield.

Energy Transfer said in its February results that fourth-quarter volumes rose across major businesses, including NGL exports, terminals, crude transportation and natural-gas systems.

It now expects 2026 adjusted EBITDA of $17.45 billion to $17.85 billion and plans to invest $5.0 billion to $5.5 billion in growth capital, mainly to expand its natural-gas network.

Enterprise Products Partners: The quality pick

Enterprise Products Partners has long been the favorite of investors who want fewer surprises. Its latest results showed why.

The partnership said 2025 marked its 27th consecutive year of distribution growth, with total distributions for the year rising 3.6% to $2.175 per unit.

More importantly, operational distributable cash flow covered those payouts by 1.7 times, leaving billions of dollars retained for reinvestment.

That coverage ratio is a big part of the trust factor around Enterprise: the payout is not just high, it is well supported.

Enterprise is not standing still either.

The company said it still expects additional gas-processing capacity to come online in 2026, reinforcing the view that it can keep growing without stretching its finances.

That makes it the steadier, arguably higher-quality option in the trio.