NXG Cushing Midstream Energy Fund

SRV

Market cap $185M

2026 has started with global geopolitical and economic turmoil, yet major indices like QQQ and SPY continue their relentless bull run. Valuations in AI/tech names such as Palantir, Microsoft, and Meta Platforms appear stretched, raising concerns about potential downside risk. Key risks include a weaker dollar, higher inflation, and a sudden AI bubble burst, all threatening current “risk-on” market sentiment.

NXG Cushing Midstream Energy Fund offers a nearly 19% yield, which draws a lot of attention. On a total return basis, the CEF has lately performed relatively good, which makes the case for income investment even more compelling. However, after dissecting the key fundamentals, it is clear that the yield at this level is far from being sustainable.

DALLAS , Dec. 19, 2025 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") declared a special distribution of $2.14 per common share.  This special distribution will be payable to common shareholders pursuant to the table below: Record Date Ex-Dividend Date Payment Date Distribution Amount December 29, 2025 December 29, 2025 December 31, 2025 $2.14 This special distribution is in addition to the Fund's previously announced December distribution of $0.45 per share.

DALLAS , Dec. 12, 2025 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") announced the preliminary results of its transferable rights offering (the "Offer"). The Offer commenced on November 17, 2025, and expired on December 11, 2025 (the "Expiration Date").

DALLAS , Dec. 2, 2025 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") declared a monthly distribution of $0.45 per common share for January 2026.  This monthly distribution will be payable to common shareholders pursuant to the table below: Record Date Ex-Dividend Date Payment Date Distribution Amount Return of CapitalEstimate 1 1/16/26 1/16/26 1/30/26 $0.45 100 % 1The return of capital is the return of a portion of the shareholder's original investment.

NXG Cushing® Midstream Energy Fund (SRV) remains a Buy, benefiting from attractive midstream energy valuations and strong sector tailwinds. SRV offers a high 12.5% monthly distribution, with recent shareholder-friendly actions including an upcoming special distribution. A new rights offering allows shareholders to purchase additional shares at a discount, with an over-subscription privilege followed by a special capital gains distribution.

DALLAS , Nov. 7, 2025 /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 offers diversified midstream sector exposure, delivering a 12.33% yield and stable monthly distributions with tax-efficient 1099 reporting. SRV's portfolio is concentrated in top midstream operators, with growth catalysts including increased natural gas demand and major energy infrastructure investments. Despite a higher expense ratio (2.84%), SRV has outperformed peers over 3-, 5-, and 10-year periods, making it attractive for income-focused investors.

DALLAS , Sept. 2, 2025 /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 2025.

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