Dividend Yield: 7.3%
When it comes to a pressurized play, Exterran Partners, LP (EXLP) could be investor’s first stop. This company is the largest provider of compression services in the United States at more than 2.4 million horsepower worth of capacity. That capacity seems to moving across the world, as EXLP continues to rack-up contracts with various national oil companies and super-majors.
Exterran’s compression products can now be found in faraway natural gas markets like Nigeria and Brazil.
The key for investors is that EXLP is a master limited partnership subsidiary of Exterran Holdings (EXH). That relationship helps plenty of juicy dropdown transactions designed to boost EXLP’s cash flows to unitholders and its parent. Since going public in 2006, EXLP has used this to its advantage and has boosted its quarterly payouts to investors by 33% since its first distribution in 2007. The latest bump came at the end of January.
EXLP stock now yields an impressive 7.3%.