Where do you find stocks offering near double-digit yields backed by businesses repeatedly posting strong results? In this zero interest rate environment, our answer would ordinarily be “dream on.”

But that’s exactly the kind of value the Energy and Income Advisor Model Portfolio and High Yield Energy Target List offer now. And Q2 numbers and guidance updates have once again proven their financial strength and upside leverage to the energy price cycle.

This issue’s Portfolio section has the run down for the 23 Portfolio and High Yield List companies that had not reported as of our previous EIA issue—where we unpacked results for Kinder Morgan Inc (NYSE: KMI), Schlumberger Ltd (NYSE: SLB) and Texas Instruments (NYSE: TXN).

Our roundtable discussion in that issue focused on what we expected to see from the rest of our EIA coverage universe, based on those three early reporters. This month, we highlight what we learned from the news and numbers, and what that says about prospective energy stock returns the rest of the year.

The S&P Energy Index is currently up a respectable 30 percent year to date. But as has been the case throughout 2021, energy stocks are still priced at a big discount to the oil and gas they produce, process, transport and distribute.