SRV

NXG Cushing Midstream Energy Fund
SRV
Market cap $137M

47.09 USD

-0.07

0.15%

Updated Oct 22, 10:43 AM EDT

1 day

-0.15%

5 days

2.01%

1 month

7.68%

3 months

9.69%

6 months

13.80%

Year to date

38.30%

1 year

24.87%

5 years

23.66%

About: NXG Cushing Midstream Energy Fund is a non-diversified, closed-end management investment company with an investment objective of seeking a high after-tax total return from a combination of capital appreciation and current income. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in midstream energy investments.

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

50% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 2

40% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 5

5% more funds holding

Funds holding: 22 [Q1] → 23 (+1) [Q2]

5.1% less ownership

Funds ownership: 12.25% [Q1] → 7.15% (-5.1%) [Q2]

26% less capital invested

Capital invested by funds: $11M [Q1] → $8.11M (-$2.91M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for SRV.

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Financial journalist opinion

SRV: Still Looking Like A Solid Midstream Investment

The NXG Cushing Midstream Energy Fund offers a high yield without tax complications, making it suitable for tax-advantaged retirement accounts. The fund's 11.48% yield is significantly higher than its peers, but investors should monitor its sustainability and net asset value. The fund claims to have the ability to invest in debt and fixed-income securities, but it does not appear to be doing so to any great degree.

SRV: Still Looking Like A Solid Midstream Investment

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Terms of Rights Offering and Announces December Monthly Distribution

DALLAS , Oct. 10, 2024 /PRNewswire/ -- The board of trustees (the "Board") of NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") has approved the terms of the issuance of transferable rights ("Rights") to the holders of the Fund's common shares (the "Common Shareholders") of beneficial interest, par value $0.001 per share ("Common Shares"), as of the record date, entitling the holders of those Rights to subscribe for Common Shares (the "Offer"). The Board, based on the recommendations and presentations of the Fund's investment adviser, Cushing ® Asset Management, LP, doing business as NXG Investment Management (the "Investment Adviser"), and others, has determined that it is in the best interests of the Fund and the Common Shareholders to conduct the Offer and thereby to increase the assets of the Fund available for investment.

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Terms of Rights Offering and Announces December Monthly Distribution

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Distributions

DALLAS , Sept. 3, 2024 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") declared monthly distributions of $0.45 per common share for each of September, October, and November, 2024.

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Distributions

SRV: Increasing Leverage And Premium Valuation Are Both Concerns

NXG Cushing Midstream Energy Fund offers a high yield of 12.56%, making it attractive to investors seeking high yields. The fund has outperformed the Alerian MLP Index and S&P 500 Index over the past few years when measured on a total return basis. The fund primarily invests in midstream energy companies and master limited partnerships, with leveraged assets comprising 29.23% of its portfolio.

SRV: Increasing Leverage And Premium Valuation Are Both Concerns

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Distributions

DALLAS , June 3, 2024 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") declared monthly distributions of $0.45 per common share for each of June, July, and August, 2024. These monthly distributions will be payable to common shareholders pursuant to the table below: Record Date Ex-DividendDate Payment Date DistributionAmount Return of CapitalEstimate 1 6/17/2024 6/17/2024 6/28/2024 $0.45 100 % 7/16/2024 7/16/2024 7/31/2024 $0.45 100 % 8/15/2024 8/15/2024 8/30/2024 $0.45 100 % 1The return of capital estimate is based on the Fund's current anticipated earnings and profits for the fiscal year and does not include a projection of gains and losses on the sale of securities which may occur during the remainder of the year.

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Distributions

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces At-the-Market Offering Program

DALLAS , May 17, 2024 /PRNewswire/ -- NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") announced today that it has established an "at-the-market" offering program (the "Offer"), pursuant to which the Fund may offer and sell common shares of beneficial interest, par value $0.001 per share ("Common Shares") through a distribution agreement with Foreside Fund Services, LLC (the "Distributor"). The sales, if any, of Common Shares made under the program will be made through the Distributor in transactions that are deemed to be "at-the-market offerings" as defined in Rule 415 under the Securities Act of 1933, as amended.

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces At-the-Market Offering Program

SRV: Great Midstream Energy Fund With A High Yield, But Extremely Expensive

The NXG Cushing Midstream Energy Fund offers income-seeking investors exposure to midstream partnerships, which have outperformed the S&P 500 Index over the past three years. The fund delivers a high level of income, boasting a 12.35% yield, higher than most of its peers. The fund's share price has increased by 21.55% since November 2023, outperforming both the Alerian MLP Index and the large-cap stock index.

SRV: Great Midstream Energy Fund With A High Yield, But Extremely Expensive

Investors' Choice: Roller Coaster Or Merry-Go-Round?

Achieving long-term "equity returns" generally requires holding tight through periods of volatility. The "roller coaster" experience is worth it, as Nobel Prize winners and other researchers have demonstrated over the years. There is an alternative for investors seeking a smoother ride and a better night's sleep through market downturns.

Investors' Choice: Roller Coaster Or Merry-Go-Round?

SRV: Midstream Energy Is Driving Strong, Uncorrelated Returns, Now Yielding 15%

For investors interested in generating an income stream in retirement, an investment in midstream energy assets offers a relatively high yield with limited downside risk. My personal portfolio includes midstream energy assets, which I believe income investors should consider adding to their portfolios. The midstream energy sector has shown resilience and outperformed the broader energy sector, with strong asset utilization and positive free cash flow generation.

SRV: Midstream Energy Is Driving Strong, Uncorrelated Returns, Now Yielding 15%

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Distributions

DALLAS , Feb. 1, 2024 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") declared monthly distributions of $0.45 per common share for each of February, March, April, and May 2024. These monthly distributions will be payable to common shareholders pursuant to the table below: Record Date Ex-DividendDate Payment Date DistributionAmount Return of CapitalEstimate1 2/15/2024 2/14/2024 2/29/2024 $0.45 100 % 3/15/2024 3/14/2024 3/28/2024 $0.45 100 % 4/15/2024 4/12/2024 4/30/2024 $0.45 100 % 5/15/2024 5/14/2024 5/31/2024 $0.45 100 % 1The return of capital estimate is based on the Fund's current anticipated earnings and profits for the fiscal year and does not include a projection of gains and losses on the sale of securities which may occur during the remainder of the year.

NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Distributions

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