MILLER HOWARD INVESTMENTS INC /NY

KINGSTON, NY · CIK 903947 · 13F filing filed 2026-07-31

SEC-registered investment adviser since 1986 · corporation

Assets managed$3.8bn
Staff34 · 12 in investment roles
Main clients (by assets)Individuals 13%, Mutual funds and ETFs 11%, High net worth individuals 9%
Websitemhinvest.com
Form ADV · 2026-03-17SEC adviser record

Legal entityMILLER/HOWARD INVESTMENTS, INC. (US)

$3.8bn reported value +3.0% vs Q1 2026

152positions

25.2%in top 10

16 new 78 added 57 reduced 2 sold out vs Q1 2026

Also in the report of:

Dorsey & Whitney Trust CO LLC – $512.3k of shares are in both reports
PERSONAL CFO SOLUTIONS, LLC – $399.3k of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MPLX LP COM UNIT REP LTD MPLX	MPLX	2,325,809	$131.0m3.48%	3.48%	Added +86.1k	+86,115 3.8%
2	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	3,211,891	$118.1m3.13%	3.13%	Added +51.7k	+51,685 1.6%
3	JOHNSON & JOHNSON COM JNJ	JNJ	403,524	$102.5m2.72%	2.72%	Reduced -772	-772 -0.2%
4	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	5,314,984	$101.6m2.70%	2.70%	Added +98.1k	+98,137 1.9%
5	ABBVIE INC COM ABBV	ABBV	396,657	$99.8m2.65%	2.65%	Reduced -1.3k	-1,341 -0.3%
6	STATE STR CORP COM STT	STT	503,296	$85.4m2.26%	2.26%	Reduced -92.3k	-92,314 -15.5%
7	TC ENERGY CORP COM TRP	TRP	1,270,274	$84.2m2.23%	2.23%	Reduced -24.2k	-24,244 -1.9%
8	EAST WEST BANCORP INC COM EWBC	EWBC	612,470	$79.1m2.10%	2.10%	Added +6	+6 0.0%
9	EXELON CORP COM EXC	EXC	1,620,430	$75.5m2.00%	2.00%	Reduced -64.6k	-64,639 -3.8%
10	LAMAR ADVERTISING CO NEW CL A LAMR	LAMR	469,463	$73.2m1.94%	1.94%	Added +1.4k	+1,437 0.3%
11	WESTERN MIDSTREAM PARTNERS L COM UNIT LP INT WES	WES	1,648,942	$72.2m1.91%	1.91%	Added +64.0k	+63,967 4.0%
12	ENTERGY CORP NEW COM ETR	ETR	627,738	$72.1m1.91%	1.91%	Added +8.5k	+8,501 1.4%
13	WILLIAMS COS INC COM WMB	WMB	905,934	$67.3m1.79%	1.79%	Added +35.8k	+35,829 4.1%
14	CISCO SYS INC COM CSCO	CSCO	568,258	$66.7m1.77%	1.77%	Reduced -5.8k	-5,829 -1.0%
15	MEDTRONIC PLC SHS MDT	MDT	851,494	$66.6m1.77%	1.77%	Added +136.7k	+136,691 19.1%
16	PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN PAA	PAA	2,992,424	$66.6m1.77%	1.77%	Added +190.8k	+190,823 6.8%
17	CITIGROUP INC COM NEW C	C	471,274	$66.0m1.75%	1.75%	Added +1.3k	+1,306 0.3%
18	SUNOCO LP/SUNOCO FIN CORP COM UT REP LP SUN	SUN	974,109	$65.8m1.74%	1.74%	Added +157.9k	+157,876 19.3%
19	TARGA RES CORP COM TRGP	TRGP	241,917	$64.9m1.72%	1.72%	Added +11.3k	+11,325 4.9%
20	M & T BK CORP COM MTB	MTB	265,769	$63.3m1.68%	1.68%	Added +52.7k	+52,748 24.8%
21	ENBRIDGE INC COM ENB	ENB	1,166,580	$63.2m1.68%	1.68%	Reduced -4.1k	-4,098 -0.3%
22	CONOCOPHILLIPS COM COP	COP	607,766	$63.2m1.68%	1.68%	Reduced -2.1k	-2,134 -0.3%
23	GSK PLC SPONSORED ADR GSK	GSK	1,182,068	$62.0m1.64%	1.64%	Reduced -447.3k	-447,283 -27.4%
24	BANK AMERICA CORP COM BAC	BAC	1,038,466	$59.2m1.57%	1.57%	Added +1.6k	+1,600 0.1%
25	US BANCORP DEL COM NEW USB	USB	972,853	$58.8m1.56%	1.56%	Added +176.5k	+176,534 22.2%
26	HESS MIDSTREAM LP CL A SHS HESM	HESM	1,558,131	$58.6m1.55%	1.55%	Added +66.2k	+66,232 4.4%
27	HOST HOTELS & RESORTS INC COM HST	HST	2,418,633	$57.3m1.52%	1.52%	Added +673	+673 0.0%
28	SNAP ON INC COM SNA	SNA	140,879	$56.7m1.50%	1.50%	Reduced -203	-203 -0.1%
29	VERIZON COMMUNICATIONS INC COM VZ	VZ	1,338,840	$56.7m1.50%	1.50%	Added +241.3k	+241,334 22.0%
30	CANADIAN NAT RES LTD COM CNQ	CNQ	1,433,802	$56.6m1.50%	1.50%	Reduced -6.3k	-6,323 -0.4%
31	KINDER MORGAN INC DEL COM KMI	KMI	1,766,361	$56.5m1.50%	1.50%	Reduced -56.5k	-56,544 -3.1%
32	GOLDMAN SACHS GROUP INC COM GS	GS	53,517	$54.1m1.44%	1.44%	Reduced -340	-340 -0.6%
33	MCDONALDS CORP COM MCD	MCD	195,848	$52.9m1.40%	1.40%	New
34	TEXAS INSTRS INC COM TXN	TXN	176,722	$52.7m1.40%	1.40%	Added +376	+376 0.2%
35	EQUITY LIFESTYLE PPTYS INC COM ELS	ELS	792,528	$51.1m1.36%	1.36%	Reduced -7.4k	-7,433 -0.9%
36	PHILLIPS 66 COM PSX	PSX	293,135	$49.6m1.31%	1.31%	Reduced -1.1k	-1,085 -0.4%
37	GILEAD SCIENCES INC COM GILD	GILD	392,122	$49.5m1.31%	1.31%	Reduced -1.1k	-1,116 -0.3%
38	PAYCHEX INC COM PAYX	PAYX	503,623	$49.5m1.31%	1.31%	Added +73.1k	+73,075 17.0%
39	REGIONS FINANCIAL CORP NEW COM RF	RF	1,601,010	$48.4m1.28%	1.28%	Added +11.5k	+11,473 0.7%
40	COCA COLA CO COM KO	KO	593,133	$48.2m1.28%	1.28%	Added +269.9k	+269,857 83.5%
41	OLD REP INTL CORP COM ORI	ORI	1,110,934	$45.5m1.21%	1.21%	Reduced -548.0k	-548,016 -33.0%
42	HORMEL FOODS CORP COM HRL	HRL	1,761,166	$43.7m1.16%	1.16%	Added +337.4k	+337,446 23.7%
43	CMS ENERGY CORP COM CMS	CMS	571,159	$43.7m1.16%	1.16%	Added +8.1k	+8,057 1.4%
44	OMNICOM GROUP INC COM OMC	OMC	580,248	$42.3m1.12%	1.12%	Reduced -1.7k	-1,721 -0.3%
45	EASTMAN CHEM CO COM EMN	EMN	603,100	$40.4m1.07%	1.07%	Added +2.7k	+2,732 0.5%
46	CHENIERE ENERGY INC COM NEW LNG	LNG	166,050	$39.7m1.05%	1.05%	Added +1.1k	+1,140 0.7%
47	NUTRIEN LTD COM NTR	NTR	608,140	$38.3m1.02%	1.02%	Reduced -2.0k	-1,966 -0.3%
48	CME GROUP INC COM CME	CME	159,373	$35.2m0.93%	0.93%	Reduced -36.1k	-36,060 -18.4%
49	OGE ENERGY CORP COM OGE	OGE	705,897	$34.3m0.91%	0.91%	Added +770	+770 0.1%
50	PLAINS GP HLDGS L P LTD PARTNR INT A PAGP	PAGP	1,395,186	$33.9m0.90%	0.90%	Reduced -26.3k	-26,332 -1.9%
51	ONEOK INC NEW COM OKE	OKE	368,104	$32.0m0.85%	0.85%	Added +9.8k	+9,787 2.7%
52	DT MIDSTREAM INC COMMON STOCK DTM	DTM	210,124	$30.8m0.82%	0.82%	Reduced -28.5k	-28,492 -11.9%
53	GAP INC COM GAP	GAP	1,624,040	$30.3m0.80%	0.80%	Reduced -80.0k	-79,981 -4.7%
54	ANTERO MIDSTREAM CORP COM AM	AM	1,104,337	$25.1m0.67%	0.67%	Reduced -34.5k	-34,537 -3.0%
55	ISHARES TR SELECT DIVID ETF DVY	DVY	150,229	$23.5m0.62%	0.62%	Reduced -34.0k	-33,953 -18.4%
56	STAG INDL INC COM STAG	STAG	586,882	$22.3m0.59%	0.59%	Reduced -103	-103 -0.0%
57	KEYERA CORP COM COM COM		556,221	$22.3m0.59%	0.59%	Reduced -33.6k	-33,650 -5.7%
58	BRIXMOR PPTY GROUP INC COM BRX	BRX	707,245	$22.3m0.59%	0.59%	New
59	PEMBINA PIPELINE CORP COM PBA	PBA	465,233	$21.5m0.57%	0.57%	Reduced -102.5k	-102,480 -18.1%
60	GENESIS ENERGY L P UNIT LTD PARTN GEL	GEL	1,423,389	$20.2m0.54%	0.54%	Reduced -554.2k	-554,220 -28.0%
61	SOUTH BOW CORP COM SOBO	SOBO	496,936	$17.5m0.46%	0.46%	Reduced -30.9k	-30,853 -5.8%
62	SEMPRA COM SRE	SRE	181,540	$16.8m0.45%	0.45%	Added +9.3k	+9,328 5.4%
63	SUNOCOCORP LLC COM SHS LLC SUNC	SUNC	243,124	$16.5m0.44%	0.44%	Added +154.5k	+154,511 174.4%
64	CENTERPOINT ENERGY INC COM CNP	CNP	361,649	$15.9m0.42%	0.42%	Added +19.6k	+19,572 5.7%
65	NEXTERA ENERGY INC COM NEE	NEE	167,152	$14.7m0.39%	0.39%	Added +8.1k	+8,122 5.1%
66	XCEL ENERGY INC COM XEL	XEL	157,444	$12.6m0.34%	0.34%	Added +15.8k	+15,805 11.2%
67	CSX CORP COM CSX	CSX	253,619	$12.1m0.32%	0.32%	Added +14.8k	+14,802 6.2%
68	AMEREN CORP COM AEE	AEE	105,102	$11.9m0.32%	0.32%	Added +5.4k	+5,405 5.4%
69	CONSTELLATION ENERGY CORP COM CEG	CEG	46,548	$11.6m0.31%	0.31%	Added +2.0k	+1,977 4.4%
70	PPL CORP COM PPL	PPL	301,386	$11.0m0.29%	0.29%	Added +18.8k	+18,754 6.6%
71	AMERICAN TOWER CORP NEW COM AMT	AMT	66,322	$10.8m0.29%	0.29%	Added +5.0k	+4,985 8.1%
72	WASTE MGMT INC DEL COM WM	WM	48,031	$10.7m0.28%	0.28%	Added +2.6k	+2,612 5.8%
73	MARATHON PETE CORP COM MPC	MPC	41,782	$10.7m0.28%	0.28%	Reduced -5.3k	-5,315 -11.3%
74	NATIONAL GRID PLC SPONSORED ADR NE NGG	NGG	127,803	$10.6m0.28%	0.28%	Added +7.3k	+7,313 6.1%
75	EQUINIX INC COM EQIX	EQIX	9,452	$9.9m0.26%	0.26%	Added +838	+838 9.7%
76	NISOURCE INC COM NI	NI	203,816	$9.7m0.26%	0.26%	Added +10.0k	+9,976 5.2%
77	ATMOS ENERGY CORP COM ATO	ATO	55,277	$9.5m0.25%	0.25%	Added +3.5k	+3,482 6.7%
78	GIBSON ENERGY INC COM COM COM		451,240	$9.1m0.24%	0.24%	Reduced -27.3k	-27,300 -5.7%
79	UNION PAC CORP COM UNP	UNP	32,057	$8.7m0.23%	0.23%	Added +2.0k	+1,956 6.5%
80	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	62,419	$8.2m0.22%	0.22%	Added +4.0k	+3,952 6.8%
81	T-MOBILE US INC COM TMUS	TMUS	47,149	$7.9m0.21%	0.21%	Added +442	+442 0.9%
82	FEDEX CORP COM FDX	FDX	24,502	$7.7m0.20%	0.20%	Added +6.5k	+6,485 36.0%
83	VALERO ENERGY CORP COM VLO	VLO	25,899	$6.7m0.18%	0.18%	Reduced -619	-619 -2.3%
84	KINETIK HOLDINGS INC COM NEW CL A KNTK	KNTK	138,735	$6.7m0.18%	0.18%	Reduced -7.6k	-7,582 -5.2%
85	CHENIERE ENERGY PARTNERS LP COM UNIT CQP	CQP	107,301	$6.5m0.17%	0.17%	Added +6.0k	+6,035 6.0%
86	AT&T INC COM T	T	286,386	$5.9m0.16%	0.16%	Added +2.0k	+1,964 0.7%
87	ANTERO RESOURCES CORP COM AR	AR	151,971	$5.3m0.14%	0.14%	Reduced -3.4k	-3,403 -2.2%
88	FERROVIAL SE ORD SHS FER	FER	75,656	$5.2m0.14%	0.14%	Added +5.9k	+5,935 8.5%
89	WASTE CONNECTIONS INC COM WCN	WCN	30,917	$5.2m0.14%	0.14%	Reduced -1.7k	-1,666 -5.1%
90	AMERICAN ELEC PWR CO INC COM AEP	AEP	36,648	$5.0m0.13%	0.13%	Added +1.3k	+1,300 3.7%
91	SUNCOR ENERGY INC NEW COM SU	SU	92,998	$5.0m0.13%	0.13%	Reduced -2.1k	-2,130 -2.2%
92	VISTRA CORP COM VST	VST	28,898	$4.6m0.12%	0.12%	Added +998	+998 3.6%
93	ROCKPOINT GAS STORAGE INC CLAS COM RPGSF	RPGSF	217,242	$4.5m0.12%	0.12%	Reduced -13.2k	-13,150 -5.7%
94	OCCIDENTAL PETE CORP COM OXY	OXY	86,785	$4.2m0.11%	0.11%	Reduced -2.0k	-2,036 -2.3%
95	APA CORPORATION COM APA	APA	115,181	$3.8m0.10%	0.10%	Reduced -2.5k	-2,520 -2.1%
96	BANK NEW YORK MELLON CORP COM BNY	BNY	25,543	$3.7m0.10%	0.10%	Reduced -354.4k	-354,378 -93.3%
97	SOUTHERN CO COM SO	SO	38,342	$3.7m0.10%	0.10%	Added +1.4k	+1,366 3.7%
98	GULFPORT ENERGY CORP COMMON SHARES GPOR	GPOR	21,262	$3.6m0.10%	0.10%	Reduced -520	-520 -2.4%
99	HCA HEALTHCARE INC COM HCA	HCA	9,141	$3.6m0.09%	0.09%	New
100	CHORD ENERGY CORPORATION COM NEW CHRD	CHRD	29,833	$3.4m0.09%	0.09%	Reduced -659	-659 -2.2%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
UNITED PARCEL SERVICE INC UPS	UPS	26,624	$2.6m26.6k shares
COTERRA ENERGY INC CTRA	CTRA	40,917	$1.4m40.9k shares