For investors looking for income, there is perhaps no better industry to look at than pipelines. Companies in the sector are in their best financial shape in years, while their valuations are trading well below pre-pandemic levels.

In fact, the sector generally traded at around a 13.7 times average enterprise value (EV)-to-EBITDA multiple between 2011 and 2016, while today most midstream stocks trade at under a 10 times multiple. EV/EBITDA tends to be the most used metric to value midstream companies, as it takes into consideration their debt positions and takes out non-cash expenses.

Let's look a three no-brainer stocks to buy in the sector that will give you both a stream of distribution income as well as strong price appreciation potential.

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Source Fool.com