<h2>关键要点</h2>
<ul>
<li>Energy Transfer 提供了良好的增长与收益组合。</li>
<li>Enterprise Products Partners 是一只适合以收益为导向投资者的优秀股票。</li>
<li>Williams 在中游领域拥有一些最佳的增长前景。</li>
<li>我们更喜欢的 10 只股票比 Energy Transfer 更好 ›</li>
</ul>
<p>由于与伊朗的战争和霍尔木兹海峡的关闭，油价飙升，能源股票今年获得了强劲的提振。然而，如果你在寻找可以长期持有的能源股票，我建议跳过油气行业，转向中游领域。</p>
<p>该领域的管道公司通常涉及化石燃料的运输，通常充当能源的收费公路。如今，这些企业往往主要基于费用运营，随着人工智能（AI）需求的增加，许多公司拥有强大的增长项目储备。</p>
<p><em><strong>人工智能会创造出世界上第一个万亿富翁吗？</strong> 我们的团队刚刚发布了一份关于一家鲜为人知的公司报告，该公司被称为 “不可或缺的垄断”，提供 Nvidia 和 Intel 都需要的关键技术。<strong>继续 »</strong></em></p>
<p>让我们来看三只值得长期持有的管道股票。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3MDMwNi9nZXR0eWltYWdlcy0xMzM0MTg2NDAzLmpwZwZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3MDMwNi9nZXR0eWltYWdlcy0xMzM0MTg2NDAzLmpwZwZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<h2>1. Energy Transfer</h2>
<p><strong>Energy Transfer</strong>（NYSE: ET）拥有美国最大的综合中游系统之一，其在二叠纪盆地的强大地位使其能够获得美国一些最便宜的天然气。这使其成为中游领域在人工智能方面最大的受益者之一。它有多个增长项目，直接向数据中心或附近的公用事业公司供应天然气，以及两个大型管道项目，将天然气从二叠纪运输到亚利桑那州/新墨西哥州市场和德克萨斯州。</p>
<p>总体而言，Energy Transfer 拥有任何中游公司中最大的增长项目储备之一，预计今年的增长资本支出预算在 55 亿到 59 亿美元之间。预计这些项目的回报率在中间十几的水平，公司在未来几年有望实现强劲增长。除了增长外，该主有限合伙企业（MLP）还提供了覆盖良好的 6.7% 收益率，并计划以每年 3% 到 5% 的速度增长分配。</p>
<p>总体而言，Energy Transfer 是一个将增长和高收益结合在一起的优秀选择。</p>
<h2>2. Enterprise Products Partners</h2>
<p>另一家 MLP，<strong>Enterprise Products Partners</strong>（NYSE: EPD），在中游领域有着强大的业绩记录，是最稳定的股票之一。该公司在所有市场类型中连续 27 年增加分配。出于保守考虑，Enterprise 在该领域拥有最强的资产负债表，杠杆率低（上季度为 3.2 倍），并且以平均 17 年的期限锁定了低成本债务。目前其收益率为 5.6%，年增长约为 3%。</p>
<p>该公司在增长项目上并不像 Energy Transfer 那样激进，但预计明年随着项目上线，息税折旧摊销前利润（EBITDA）和现金流将实现强劲的两位数增长。同时，预计今年在支付分配后将产生 10 亿美元的自由现金流，这将用于偿还债务和回购股票。</p>
<p>如果你主要关注的是寻找一只可以依赖的、分配不断增长的股票，Enterprise 是适合你的股票。</p>
<h2>3. Williams Companies</h2>
<p>如果你更关注增长而非收益，<strong>Williams Companies</strong>（NYSE: WMB），这不是一家 MLP，可能是适合你的股票。该公司拥有全国最有价值的管道系统——Transco，穿越东海岸，将天然气从阿巴拉契亚输送到墨西哥湾沿岸。它也是一个持续带来收益的资产，因为 Williams 不断执行与该管道相关的多个扩展项目。</p>
<p>该公司还在西部山区和西北地区扩展其管道系统，并开始向人工智能数据中心提供交钥匙电力解决方案。这是一个新兴的快速增长领域，为数据中心提供现场燃气发电厂，绕过当地公用事业公司。</p>
<p>Williams 计划在今年花费高达 70 亿到 76 亿美元用于增长项目。它在输电项目上有 155 亿美元的储备，在电力解决方案项目上还有 96 亿美元。同时，它相信可以实现 20% 或更高的投资资本回报率。</p>
<p>该公司正在成为为人工智能数据中心提供动力的重要参与者，是一只值得长期持有的顶级能源增长股票。</p>
<h2>你现在应该购买 Energy Transfer 的股票吗？</h2>
<p>在你购买 Energy Transfer 的股票之前，请考虑以下几点：</p>
<p>Motley Fool Stock Advisor 的分析师团队刚刚确定了他们认为的 <strong>10 只最佳股票</strong> 供投资者现在购买……而 Energy Transfer 并不在其中。这 10 只入选的股票在未来几年可能会产生巨额回报。</p>
<p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你将拥有 471,072 美元</strong>！* 或者 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你将拥有 1,303,352 美元</strong>！*</p>
<p>现在，值得注意的是，<em>Stock Advisor</em> 的总平均回报率为 983%——相比之下，标准普尔 500 指数的回报率为 210%。<strong>不要错过最新的前 10 名单，加入由个人投资者为个人投资者建立的投资社区。</strong></p>
<p><strong>查看这 10 只股票 »</strong></p>
<p><em>*Stock Advisor 回报截至 2026 年 5 月 28 日。</em></p>
<p><em>Geoffrey Seiler 持有 Energy Transfer 和 Enterprise Products Partners 的股份。Motley Fool 推荐 Enterprise Products Partners。Motley Fool 有披露政策。</em></p>
<p>本文件中表达的观点和意见仅代表作者个人观点，并不一定反映纳斯达克公司的观点。</p>

威廉姆斯

<p>推荐的三只长期投资能源股票包括：Energy Transfer，以其增长和 6.7% 的收益率而闻名；Enterprise Products Partners，以其稳定的分配增长和强劲的资产负债表而受到认可；以及 Williams Companies，专注于增长，并在管道和 AI 数据中心的电力解决方案上进行了大量投资。这些公司在能源需求上升的背景下，处于良好的位置</p>

<h2>Key Points</h2>
<div class="lb-trans"><h2>关键要点</h2>
</div><ul>
<li>Energy Transfer offers a great combination of growth and income.</li>
<li>Enterprise Products Partners is a great stock for income-oriented investors.</li>
<li>Williams has some of the best growth prospects in the midstream space.</li>
<li>10 stocks we like better than Energy Transfer ›</li>
</ul>
<div class="lb-trans"><ul>
<li>Energy Transfer 提供了良好的增长与收益组合。</li>
<li>Enterprise Products Partners 是一只适合以收益为导向投资者的优秀股票。</li>
<li>Williams 在中游领域拥有一些最佳的增长前景。</li>
<li>我们更喜欢的 10 只股票比 Energy Transfer 更好 ›</li>
</ul>
</div><p>With surging oil prices due to the war with Iran and the closure of the Strait of Hormuz, energy stocks have gotten a strong lift this year. However, if you're looking for energy stocks to buy and hold for the long term, I'd skip the oil patch and look toward the midstream sector.</p>
<div class="lb-trans"><p>由于与伊朗的战争和霍尔木兹海峡的关闭，油价飙升，能源股票今年获得了强劲的提振。然而，如果你在寻找可以长期持有的能源股票，我建议跳过油气行业，转向中游领域。</p>
</div><p>The pipeline companies in the sector are typically involved in the transportation of fossil fuels and generally act as energy toll roads. The businesses nowadays tend to be largely fee-based, and with increasing energy needs from the rise of artificial intelligence (AI), many have strong growth project backlogs.</p>
<div class="lb-trans"><p>该领域的管道公司通常涉及化石燃料的运输，通常充当能源的收费公路。如今，这些企业往往主要基于费用运营，随着人工智能（AI）需求的增加，许多公司拥有强大的增长项目储备。</p>
</div><p><em><strong>Will AI create the world's first trillionaire?</strong> Our team just released a report on the one little-known company, called an &#34;Indispensable Monopoly&#34; providing the critical technology Nvidia and Intel both need. <strong>Continue »</strong></em></p>
<div class="lb-trans"><p><em><strong>人工智能会创造出世界上第一个万亿富翁吗？</strong> 我们的团队刚刚发布了一份关于一家鲜为人知的公司报告，该公司被称为 “不可或缺的垄断”，提供 Nvidia 和 Intel 都需要的关键技术。<strong>继续 »</strong></em></p>
</div><p>Let's look at three pipeline stocks to own for the long haul.</p>
<div class="lb-trans"><p>让我们来看三只值得长期持有的管道股票。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3MDMwNi9nZXR0eWltYWdlcy0xMzM0MTg2NDAzLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F870306%2Fgettyimages-1334186403.jpg&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>1. Energy Transfer</h2>
<div class="lb-trans"><h2>1. Energy Transfer</h2>
</div><p><strong>Energy Transfer</strong>(NYSE: ET) owns one of the largest integrated midstream systems in the U.S., and its strong position in the Permian Basin gives it access to some of the cheapest natural gas in the U.S. This has made it one of the biggest beneficiaries in the midstream space when it comes to AI. It has several growth projects to supply natural gas directly to data centers or to nearby utilities, as well as two large pipeline projects that transport natural gas from the Permian to the Arizona/New Mexico markets and to Texas.</p>
<div class="lb-trans"><p><strong>Energy Transfer</strong>（NYSE: ET）拥有美国最大的综合中游系统之一，其在二叠纪盆地的强大地位使其能够获得美国一些最便宜的天然气。这使其成为中游领域在人工智能方面最大的受益者之一。它有多个增长项目，直接向数据中心或附近的公用事业公司供应天然气，以及两个大型管道项目，将天然气从二叠纪运输到亚利桑那州/新墨西哥州市场和德克萨斯州。</p>
</div><p>Overall, Energy Transfer has one of the largest growth project backlogs of any midstream company, with a projected growth capital expenditures budget of between $5.5 billion and $5.9 billion this year. With expected mid-teens returns from these projects, the company is poised for strong growth in the coming years. Along with its growth, the master limited partnership (MLP) also sports a well-covered 6.7% yield, while it plans to grow its distribution at a 3% to 5% yearly pace.</p>
<div class="lb-trans"><p>总体而言，Energy Transfer 拥有任何中游公司中最大的增长项目储备之一，预计今年的增长资本支出预算在 55 亿到 59 亿美元之间。预计这些项目的回报率在中间十几的水平，公司在未来几年有望实现强劲增长。除了增长外，该主有限合伙企业（MLP）还提供了覆盖良好的 6.7% 收益率，并计划以每年 3% 到 5% 的速度增长分配。</p>
</div><p>Overall, Energy Transfer is a great combination of a growth and high-yield name rolled into one.</p>
<div class="lb-trans"><p>总体而言，Energy Transfer 是一个将增长和高收益结合在一起的优秀选择。</p>
</div><h2>2. Enterprise Products Partners</h2>
<div class="lb-trans"><h2>2. Enterprise Products Partners</h2>
</div><p>Another MLP, <strong>Enterprise Products Partners</strong>(NYSE: EPD), has a strong track record of being one of the most consistent stocks in the midstream space. The company has increased its distribution for 27 straight years across all market types. Conservative by nature, Enterprise has one of the strongest balance sheets in the space, with low leverage (3.2 times last quarter) and low-cost debt locked in for an average of 17 years. It currently has a 5.6% yield, which it has been growing at around a 3% annual clip.</p>
<div class="lb-trans"><p>另一家 MLP，<strong>Enterprise Products Partners</strong>（NYSE: EPD），在中游领域有着强大的业绩记录，是最稳定的股票之一。该公司在所有市场类型中连续 27 年增加分配。出于保守考虑，Enterprise 在该领域拥有最强的资产负债表，杠杆率低（上季度为 3.2 倍），并且以平均 17 年的期限锁定了低成本债务。目前其收益率为 5.6%，年增长约为 3%。</p>
</div><p>The company is not as aggressive on growth projects as Energy Transfer, but it expects strong double-digit earnings before interest, taxes, depreciation, and amortization (EBITDA) and cash flow growth next year as projects come online. Meanwhile, it is expected to generate $1 billion in free cash flow after paying out its distribution this year, which it will use to pay down debt and buy back stock.</p>
<div class="lb-trans"><p>该公司在增长项目上并不像 Energy Transfer 那样激进，但预计明年随着项目上线，息税折旧摊销前利润（EBITDA）和现金流将实现强劲的两位数增长。同时，预计今年在支付分配后将产生 10 亿美元的自由现金流，这将用于偿还债务和回购股票。</p>
</div><p>If your main concern is finding a stock you can rely on for a growing distribution, Enterprise is the stock for you.</p>
<div class="lb-trans"><p>如果你主要关注的是寻找一只可以依赖的、分配不断增长的股票，Enterprise 是适合你的股票。</p>
</div><h2>3. Williams Companies</h2>
<div class="lb-trans"><h2>3. Williams Companies</h2>
</div><p>If you're more interested in growth than income, <strong>Williams Companies</strong>(NYSE: WMB), which is not an MLP, could be the stock for you. The company owns arguably the most valuable pipeline system in the country, Transco, which traverses the East Coast, delivering natural gas from Appalachia to the Gulf Coast. It's also the asset that keeps on giving, as Williams continues to execute multiple expansion projects tied to the pipeline.</p>
<div class="lb-trans"><p>如果你更关注增长而非收益，<strong>Williams Companies</strong>（NYSE: WMB），这不是一家 MLP，可能是适合你的股票。该公司拥有全国最有价值的管道系统——Transco，穿越东海岸，将天然气从阿巴拉契亚输送到墨西哥湾沿岸。它也是一个持续带来收益的资产，因为 Williams 不断执行与该管道相关的多个扩展项目。</p>
</div><p>The company is also building out its pipeline systems in the Mountainwest and Northwest and has begun delivering turnkey power solutions to AI data centers. This is a newer, fast-growing segment that provides on-site gas-fired power generation plants for data centers, bypassing local utilities.</p>
<div class="lb-trans"><p>该公司还在西部山区和西北地区扩展其管道系统，并开始向人工智能数据中心提供交钥匙电力解决方案。这是一个新兴的快速增长领域，为数据中心提供现场燃气发电厂，绕过当地公用事业公司。</p>
</div><p>Williams is set to spend a whopping $7 billion to $7.6 billion on growth projects this year. It has a backlog of $15.5 billion in transmission projects and another $9.6 billion in power solution projects. Meanwhile, it believes it can achieve a top-notch return of 20% or more on its invested capital.</p>
<div class="lb-trans"><p>Williams 计划在今年花费高达 70 亿到 76 亿美元用于增长项目。它在输电项目上有 155 亿美元的储备，在电力解决方案项目上还有 96 亿美元。同时，它相信可以实现 20% 或更高的投资资本回报率。</p>
</div><p>The company is becoming a big-time player in powering AI data centers and a top energy growth stock to own long-term.</p>
<div class="lb-trans"><p>该公司正在成为为人工智能数据中心提供动力的重要参与者，是一只值得长期持有的顶级能源增长股票。</p>
</div><h2>Should you buy stock in Energy Transfer right now?</h2>
<div class="lb-trans"><h2>你现在应该购买 Energy Transfer 的股票吗？</h2>
</div><p>Before you buy stock in Energy Transfer, consider this:</p>
<div class="lb-trans"><p>在你购买 Energy Transfer 的股票之前，请考虑以下几点：</p>
</div><p>The <em>Motley Fool Stock Advisor</em> analyst team just identified what they believe are the <strong>10 best stocks</strong> for investors to buy now… and Energy Transfer wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.</p>
<div class="lb-trans"><p>Motley Fool Stock Advisor 的分析师团队刚刚确定了他们认为的 <strong>10 只最佳股票</strong> 供投资者现在购买……而 Energy Transfer 并不在其中。这 10 只入选的股票在未来几年可能会产生巨额回报。</p>
</div><p>Consider when <strong>Netflix</strong> made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, <strong>you’d have $471,072</strong>!* Or when <strong>Nvidia</strong> made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, <strong>you’d have $1,303,352</strong>!*</p>
<div class="lb-trans"><p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你将拥有 471,072 美元</strong>！* 或者 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你将拥有 1,303,352 美元</strong>！*</p>
</div><p>Now, it’s worth noting <em>Stock Advisor’s</em> total average return is 983% — a market-crushing outperformance compared to 210% for the S&amp;P 500. <strong>Don't miss the latest top 10 list, available with <em>Stock Advisor</em>, and join an investing community built by individual investors for individual investors.</strong></p>
<div class="lb-trans"><p>现在，值得注意的是，<em>Stock Advisor</em> 的总平均回报率为 983%——相比之下，标准普尔 500 指数的回报率为 210%。<strong>不要错过最新的前 10 名单，加入由个人投资者为个人投资者建立的投资社区。</strong></p>
</div><p><strong>See the 10 stocks »</strong></p>
<div class="lb-trans"><p><strong>查看这 10 只股票 »</strong></p>
</div><p><em>*Stock Advisor returns as of May 28, 2026.</em></p>
<div class="lb-trans"><p><em>*Stock Advisor 回报截至 2026 年 5 月 28 日。</em></p>
</div><p><em>Geoffrey Seiler has positions in Energy Transfer and Enterprise Products Partners. The Motley Fool recommends Enterprise Products Partners. The Motley Fool has a disclosure policy.</em></p>
<div class="lb-trans"><p><em>Geoffrey Seiler 持有 Energy Transfer 和 Enterprise Products Partners 的股份。Motley Fool 推荐 Enterprise Products Partners。Motley Fool 有披露政策。</em></p>
</div><p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p>
<div class="lb-trans"><p>本文件中表达的观点和意见仅代表作者个人观点，并不一定反映纳斯达克公司的观点。</p>
</div>

3 只值得现在购买并长期持有的优秀能源股票