NXG Cushing Midstream Energy Fund (SRV)
| Market Value | 135.99M |
| Revenue (ttm) | n/a |
| Net Income (ttm) | n/a |
| Shares Out | 3.01M |
| EPS (ttm) | n/a |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $5.40 (11.96%) |
| Ex-Dividend Date | Nov 15, 2024 |
| Volume | 34,925 |
| Open | 44.73 |
| Previous Close | 44.66 |
| Day's Range | 44.40 - 45.40 |
| 52-Week Range | 32.50 - 47.34 |
| Beta | 1.39 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About SRV
NXG Cushing Midstream Energy Fund is a closed-ended balanced mutual fund launched by Swank Capital, LLC. The fund is managed by Swank Energy Income Advisors L.P. It invests in the public equity and fixed income markets across the globe with a focus in United States. The fund typically invests in MLPs, Other Natural Resource Companies, and global commodities. It primarily invests in the securities of MLPs, other equity securities, debt securities, and securities of non-U.S. issuers employing a fundamental analysis. NXG Cushing Midstream Energy F... [Read more]
News
NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces the Preliminary Results of its Rights Offering
DALLAS , Nov. 15, 2024 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") announced the preliminary results of its transferable rights offering (the "Offer"). The Offer c...
SRV Rights Deadline And What Comes Next
The deadline to submit shares for the NXG Cushing Midstream Energy fund Rights Offering is Tuesday, Nov. 12, though brokerages may differ. If the NAV and common shares remained unchanged by the Nov. 1...
Four Midstream Energy CEFs Now Offer Strong Total Return Potential
The energy sector, particularly midstream companies, is set to benefit from Trump's pro-oil and gas policies, boosting fossil fuel investments. Midstream companies like Energy Transfer are experiencin...
SRV: High Yielding Infrastructure Case That Has To Be Avoided
In the past year, I have been actively covering the midstream market with a focus on high and durable income plays. Many followers have shown an interest in SRV, which is a midstream infrastructure CE...
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...
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 ...
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 Nove...
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 ...
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...
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 ...
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 demo...
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 include...
Equity CEFs: Owners Of SRV Take Notice
In the last Equity CEF Performances update on December 8th, I said we were headed for a boom-or-bust this week with CPI, PPI and the Federal Reserve decision on tap. And BOOM it was, after a more dovi...
SRV: Rights Offering Analysis
NXG Cushing Midstream Energy Fund is offering a transferable 1-for-3 rights offering, allowing investors to subscribe for new shares at a discount. The subscription price will be determined based on a...
SRV: This 14.79%-Yielder Finally Looks Worthwhile
NXG Cushing Midstream Energy Fund is one of the few remaining closed-end funds available for midstream investors. The SRV CEF's recent performance has been disappointing, but that may be due to its pr...
NXG Cushing® Midstream Energy Fund and NXG NextGen Infrastructure Income Fund Announce Officer and Portfolio Manager Changes
DALLAS , Oct. 9, 2023 /PRNewswire/ -- NXG Cushing® Midstream Energy Fund (NYSE: SRV) and NXG NextGen Infrastructure Income Fund (NYSE: NXG), each a closed-end management investment company (the "Funds...
SRV: A Very Good 13%+ Yielding Fund, But Premium Valuation
Midstream partnerships are excellent income vehicles for retirees, but they are difficult to include in retirement accounts due to tax complications. NXG Cushing Midstream Energy Fund invests in a por...
A Dozen Income Picks Yielding 12% Or More
I recommend several high-yield income-oriented investments, including business development companies (BDCs), real estate investment trusts (REITs), and a closed-end fund (CEF) that holds midstream ass...
Midstream Energy For Income - Not Your Grandfather's MLP
MLPs have been generating steadily increasing cash flows over the past several decades, even during recessions. While the energy sector has outperformed for most of the past 3 years, YTD performance h...
SRV: This Midstream Energy Fund Fights Inflation And Yields Over 16%
SRV trades at a -12% discount to NAV and offers a 16.5% yield based on a monthly distribution. The fund changed names after the employees of Cushing Asset Management bought out the company in 2022 and...
Cushing® MLP & Infrastructure Total Return Fund Name Change Goes Into Effect
DALLAS , April 3, 2023 /PRNewswire/ -- The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) (the "Fund") today announced that certain changes to the name of the Fund and the Fund's non-funda...
SRV: High Distribution Narrows Discount
Around six months ago, SRV raised its distribution by 200% to make it one of the highest 'yielding' CEFs. This caught the attention of some investors as their discount dropped by more than half shortl...