Better Buy: Magellan Midstream Partners vs. Kinder Morgan

Magellan Midstream Partners (NYSE: MMP) and Kinder Morgan (NYSE: KMI) are both well-respected names in the midstream energy sector. However, 2020 may have been a major turning point in the industry. While both should survive the shift, one is likely to fare better over time. And it's not the name that I would have historically preferred. Here's what's going on, and why changing times have led to a change in my outlook.

The key headwind for midstream stocks in 2020 was the steep decline in demand for oil and natural gas, a drop-off that upended the energy sector. However, those were not the only headline-grabbing issues in the energy industry. Last year also featured a wider recognition of the need for the world to refocus its energy infrastructure around cleaner alternatives. That has left a material cloud hanging above midstream entities, which make their money by helping to process and move oil and natural gas around the world.

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Source Fool.com