The midstream sector has kicked off 2026 with a robust display of financial health. A significant wave of distribution increases has swept through the industry this quarter (read more), continuing the sector’s track record of generating attractive income for investors regardless of volatility in the broader energy market. This reinforces the role of energy infrastructure as a cornerstone for income-focused portfolios.
The Alerian MLP ETF (AMLP) and the Alerian Energy Infrastructure ETF (ENFR) both increased distributions for the current quarter. Last month, AMLP and ENFR declared first-quarter 2026 distributions of $1.01 and $0.39237, respectively.
For AMLP, this represents a 1.0% increase from the previous quarter and a 4.1% increase over the first quarter of 2025. Meanwhile, ENFR’s most recent payout reflects a 3.3% increase from the previous quarter and a 10.3% jump from the year prior.
These figures underscore the underlying strength of the North American energy infrastructure landscape. In recent years, midstream MLPs and corporations have largely continued to grow their payouts despite broader market and oil price volatility. The midstream segment’s stable cash flows are supported by fee-based business models and long-term contracts.
AMLP provides exposure to the Alerian MLP Infrastructure Index (AMZI), while ENFR tracks the Alerian Midstream Energy Select Index (AMEI), which includes both C-corps and MLPs. Both funds have seen notable asset growth this year. ENFR recently surpassed a significant $400 million milestone in assets under management. Simultaneously, AMLP maintains its position as the largest MLP ETF in the marketplace, with $12 billion in assets.
Midstream Exposure in an ETN
Investors are also able to access the energy infrastructure space through the exchange-traded note (ETN) wrapper (read more). Last week, JPMorgan Chase Financial Company declared a quarterly coupon of $0.506 per note for the Alerian MLP Index ETN (AMJB). This corresponds to a dividend yield of 5.8% based on the closing price of the ETN from February 20.
AMJB, which matures in 2044, tracks the Alerian MLP Index (AMZ) and offers another way to access the companies moving, processing, and story energy commodities. Notably, all three of these funds allow advisors to capture the yield potential of energy infrastructure without the administrative burden of K-1 tax forms. Each fund issues a Form 1099, simplifying the tax process for clients.
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vettafi.com is owned by VettaFi LLC (“VettaFi”). VettaFi is the index provider for AMJB, AMLP, and ENFR for which it receives an index licensing fee. However, AMJB, AMLP, and ENFR is not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of AMJB, AMLP, and ENFR.
