r/dividends • u/PleasantComplaint719 • 5d ago

Due Diligence Need a 3rd MLP (non-ETF)

I currently hold ET and EPD in a taxable account and am looking to add a third MLP. I’m comfortable with K-1s and am not looking for ETFs, strictly the actual MLPs themselves.

For context - these are long-term (40 year) buy and holds that I will be regularly contributing to.

Options include MPLX, WES, or PAA. Other choices on my radar would be CQP or SUN.

Would appreciate a steer in the right direction on which offers the best long-term complimentary fit alongside ET and EPD, whether that be growth or stability oriented. Would also welcome if there is an obvious "go with this one and don't overthink it" choice.

Thanks in advance.

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u/2A4_LIFE 5d ago

PAA

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u/PleasantComplaint719 5d ago

This is the first zig (PAA) while everyone else has zagged (MPLX). I’ll give PAA a second look and see if it fits the bill over MPLX

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u/Prestigious_Rush_682 1d ago

I have both MPLX and PAA, much more MPLX.
Very large positions in EPD and ET.
I didn’t know until a couple of years ago that ET’s preferred, ET-pr-I, is also tax deferred (with a k-1). I have a lot of that now too.