NXG Cushing Midstream Energy Fund (N:SRV)
Business Focus: Closed End Funds
Cloudy as of January 01, 2025
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Insider Filings
Latest 10 SEC Form 4 filings for SRV*US within the last 6 months
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Company News
Dec 17, 2024 18:40 ET
NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Distributions
DALLAS, Dec. 17, 2024 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") declared a special distribution of $0.31477 per common share. This special distribution will be payable to common shareholders pursuant to the table below:
Dec 02, 2024 09:26 ET
NXG Cushing® Midstream Energy Fund (NYSE: SRV) Announces Distributions
DALLAS, Dec. 2, 2024 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") declared monthly distributions of $0.45 per common share for each of December 2024 and January 2025. These monthly distributions will be payable to common shareholders pursuant to the table below:
Valuation Ratios
Industry
Sector
Beta
1.41
--
--
Price to Sales - TTM
10.60
10.31
4.11
Price to Book - most recent quarter
1.17
0.94
1.39
Price to Cash Flow per share - TTM
--
11.06
13.74
Price to Free Cash Flow per share - TTM
--
22.19
18.91
Business Summary
| Sector: Financials | Industry: Closed End Funds |
NXG Cushing Midstream Energy Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is to obtain a high after-tax total return from a combination of capital appreciation and current income. The Fund pursues its investment objective by investing, under normal market conditions, at least 80% of its net assets, plus any borrowings for investment purposes in a portfolio of midstream energy investments. The Fund considers midstream energy investments to be investments that offer economic exposure to securities of midstream energy companies, which are companies that provide midstream services in the energy infrastructure sector, including the gathering, transporting, processing, fractionation, storing, refining and distribution of natural resources. Its investment adviser is Cushing Asset Management, LP.
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