The outlook for the U.S.-Iran conflict is uncertain, so the crude pricing environment will remain volatile. West Texas Intermediate crude, which was trading above $100 per barrel, has declined and is now hovering around $90. However, not all stocks are exposed to the vulnerability in crude price movements. Three midstream players like Kinder Morgan, Inc. KMI, MPLX LP MPLX and The Williams Companies, Inc. WMB are well-poised to weather the Middle East tension-induced uncertainty. Let’s delve deeper.

Resilient Business Model of Midstream Business

Stocks in the midstream space have lower exposure to volatility in commodity prices than oil and gas producers. This is because midstream players generate stable fee-based revenues since the…