ClearBridge Energy Midstream Fund Reports $972.2M Net Assets as of Dec 31, 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2026
0mins
Source: Newsfilter
- Net Asset Overview: As of December 31, 2025, ClearBridge Energy Midstream Opportunity Fund reported net assets of $972.2 million and a net asset value per share of $48.57, indicating the fund's stability and investor confidence.
- Asset Coverage Ratios: Under the Investment Company Act of 1940, the fund's asset coverage ratio was 744% for senior indebtedness and 523% for total leverage, demonstrating its strong capacity to manage debt and enhancing investor trust in its financial health.
- Portfolio Composition: The fund's total assets reached $1.264 billion, with investments totaling $1.247 billion, reflecting a diversified investment strategy in the energy sector aimed at risk mitigation and potential yield enhancement.
- Top Holdings Analysis: Among the top ten equity holdings, Targa Resources Corp. accounted for 10.5%, showcasing the fund's concentrated investments in the energy sector, which may support future revenue growth.
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About EMO
ClearBridge Energy Midstream Opportunity Fund Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide long-term investors a high level of total return with an emphasis on cash distributions. The Fund seeks to achieve its objective by investing primarily in energy midstream entities. The Fund may invest at least 80% of its Managed Assets in energy midstream entities including entities structured as both partnerships and corporations. The Fund considers investments in midstream entities as those entities that provide midstream services including the gathering, transporting, processing, fractionation, storing, refining, and distribution of oil, natural gas liquids and natural gas. Legg Mason Partners Fund Advisor, LLC (LMPFA) is the Fund’s investment manager and ClearBridge Investments, LLC (ClearBridge) is the Fund’s subadvisor.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
ClearBridge Energy Midstream Opportunity Fund Reports $1.12B in Net Assets
- Total Assets: As of May 31, 2026, ClearBridge Energy Midstream Opportunity Fund reported net assets of $1.12 billion and a net asset value per share of $56.00, indicating robust performance in the energy sector and bolstering investor confidence.
- Asset Coverage Ratios: The fund's asset coverage ratio for senior indebtedness stands at 699%, while the total leverage asset coverage ratio is at 520%, demonstrating the fund's strong capability in managing debt risk, which aids in maintaining stable income streams.
- Dividend Declaration: ClearBridge Energy Midstream Opportunity Fund declared a dividend of $0.36 per share, reflecting its ability to generate consistent cash flow while providing stable returns to investors, thereby enhancing its attractiveness.
- Market Outlook: With the structural growth of the North American energy market, the investment strategy of ClearBridge Energy Midstream Opportunity Fund is expected to benefit from long-term industry trends, likely attracting more investor interest.
See More
ClearBridge Energy Midstream Opportunity Fund Asset Report
- Net Asset Overview: As of May 31, 2026, ClearBridge Energy Midstream Opportunity Fund reported net assets of $1.1208 billion and a net asset value per share of $56.00, indicating the fund's stability and investor confidence.
- Asset Coverage Ratios: The fund's asset coverage ratios under the Investment Company Act of 1940 were 699% for senior indebtedness and 520% for total leverage, demonstrating its strong financial health and effective debt management capabilities.
- Portfolio Composition: The total assets of the fund amounted to $1.4993 billion, with investments totaling $1.4456 billion, showcasing the fund's robust investment capacity and diversified strategy within the energy sector.
- Top Holdings Analysis: The fund's top ten equity holdings have a total market value of $1.0761 billion, representing 74.5% of total investments, with Targa Resources Corp. and Energy Transfer LP accounting for 12.5% and 9.4% respectively, reflecting a concentrated investment strategy in high-quality energy companies.
See More
Emerita Resources Rejects Denarius Acquisition Offer
- Acquisition Offer Withdrawn: Emerita Resources confirmed on May 6, 2026, that Denarius Metals rescinded its unsolicited offer to acquire all outstanding shares at $0.45 each, indicating a waning interest from Denarius that could impact Emerita's market confidence.
- Board Decision: After consulting with Canaccord Genuity and legal advisors, Emerita's Board determined that the Denarius offer lacked substantive details and decided against further discussions, reflecting the company's cautious approach to potential transactions.
- Project Advancement: Despite the rejected acquisition proposal, Emerita remains focused on advancing its project portfolio in Spain, particularly the Iberian Belt West Project, with plans for an updated NI 43-101 Mineral Resource Estimate, demonstrating the company's commitment to its core assets.
- Future Plans: Emerita will continue executing its business plan, including public hearings and completing a Pre-Feasibility Study for the Iberian Belt West Project, aiming to enhance the project's economic viability and market competitiveness.
See More
DENARIUS METALS WITHDRAWS OFFER TO PURCHASE EMERITA RESOURCES
- Denarius Metals Decision: Denarius Metals has rescinded its proposal to acquire Emmert Resources.
- Impact on Operations: This decision may affect Denarius's strategic plans and resource acquisition efforts.
- Market Reaction: The announcement could influence investor sentiment and stock performance for Denarius Metals.
- Future Prospects: Denarius may seek alternative opportunities for growth and resource development following this withdrawal.
See More
Denarius Metals Proposes Acquisition of Emerita Resources
- Acquisition Proposal: Denarius Metals plans to acquire Emerita Resources through an all-share transaction, offering a 15% premium over Emerita's closing price on April 10, 2026, to enhance production of critical minerals, silver, and gold in the Iberian Pyrite Belt.
- Project Development: The company manages four projects in Spain and Colombia, with the Zancudo gold-silver project in Colombia entering the 'early production' phase, set to produce high-grade gold-silver concentrates by Q3 2026, with a processing capacity of 1,000 tons per day.
- Resource Consolidation: Denarius Metals' executive chairman, Serafino Iacono, stated that the merger would scale up available resources in the Iberian Pyrite Belt and consolidate processing of Emerita's IBW material at Denarius' Aguablanca facility, deferring or eliminating capital expenditures for Emerita's standalone processing facility.
- Strategic Joint Venture: Denarius Metals has established a joint venture with ProGrowth, a diversified group in Saudi Arabia, aimed at providing a refining and trading platform for concentrates from the combined Spanish portfolio, enhancing its competitive edge in the international market.
See More
ClearBridge Energy Fund Potential Dividend Run Alert Issued
- Dividend Run Concept: ClearBridge Energy MLP Opportunity Fund (EMO) is set to go ex-dividend on 04/23/26 with a dividend of $0.36 per share; historical data shows that in three out of the last four dividends, capital gains exceeded the dividend amount, totaling $7.09, indicating strong price appreciation potential ahead of dividends.
- Ex-Dividend Date Impact: Prior to the ex-dividend date, EMO's stock price rose from $51.19 on 03/09/26 to $53.30 on 03/24/26, reflecting investor expectations for the upcoming dividend and demonstrating market confidence and demand for the fund.
- Diverse Investment Strategies: Investors have varying views on the timeframe for capturing Dividend Run effects, with some opting to buy two weeks prior and hold, while others sell the day before ex-dividend to maximize capital gains, providing flexibility in investment approaches.
- Attractive Annual Yield: EMO boasts an implied annualized yield of 8.46%, making it an ideal choice for investors focused on Dividend Runs; while past performance does not guarantee future returns, its stable dividend history and potential for capital appreciation attract significant investor interest.
See More
ClearBridge Energy Midstream Opportunity Fund Reports $1.12B in Net Assets
- Total Assets: As of May 31, 2026, ClearBridge Energy Midstream Opportunity Fund reported net assets of $1.12 billion and a net asset value per share of $56.00, indicating robust performance in the energy sector and bolstering investor confidence.
- Asset Coverage Ratios: The fund's asset coverage ratio for senior indebtedness stands at 699%, while the total leverage asset coverage ratio is at 520%, demonstrating the fund's strong capability in managing debt risk, which aids in maintaining stable income streams.
- Dividend Declaration: ClearBridge Energy Midstream Opportunity Fund declared a dividend of $0.36 per share, reflecting its ability to generate consistent cash flow while providing stable returns to investors, thereby enhancing its attractiveness.
- Market Outlook: With the structural growth of the North American energy market, the investment strategy of ClearBridge Energy Midstream Opportunity Fund is expected to benefit from long-term industry trends, likely attracting more investor interest.
See More
ClearBridge Energy Midstream Opportunity Fund Asset Report
- Net Asset Overview: As of May 31, 2026, ClearBridge Energy Midstream Opportunity Fund reported net assets of $1.1208 billion and a net asset value per share of $56.00, indicating the fund's stability and investor confidence.
- Asset Coverage Ratios: The fund's asset coverage ratios under the Investment Company Act of 1940 were 699% for senior indebtedness and 520% for total leverage, demonstrating its strong financial health and effective debt management capabilities.
- Portfolio Composition: The total assets of the fund amounted to $1.4993 billion, with investments totaling $1.4456 billion, showcasing the fund's robust investment capacity and diversified strategy within the energy sector.
- Top Holdings Analysis: The fund's top ten equity holdings have a total market value of $1.0761 billion, representing 74.5% of total investments, with Targa Resources Corp. and Energy Transfer LP accounting for 12.5% and 9.4% respectively, reflecting a concentrated investment strategy in high-quality energy companies.
See More
Emerita Resources Rejects Denarius Acquisition Offer
- Acquisition Offer Withdrawn: Emerita Resources confirmed on May 6, 2026, that Denarius Metals rescinded its unsolicited offer to acquire all outstanding shares at $0.45 each, indicating a waning interest from Denarius that could impact Emerita's market confidence.
- Board Decision: After consulting with Canaccord Genuity and legal advisors, Emerita's Board determined that the Denarius offer lacked substantive details and decided against further discussions, reflecting the company's cautious approach to potential transactions.
- Project Advancement: Despite the rejected acquisition proposal, Emerita remains focused on advancing its project portfolio in Spain, particularly the Iberian Belt West Project, with plans for an updated NI 43-101 Mineral Resource Estimate, demonstrating the company's commitment to its core assets.
- Future Plans: Emerita will continue executing its business plan, including public hearings and completing a Pre-Feasibility Study for the Iberian Belt West Project, aiming to enhance the project's economic viability and market competitiveness.
See More
DENARIUS METALS WITHDRAWS OFFER TO PURCHASE EMERITA RESOURCES
- Denarius Metals Decision: Denarius Metals has rescinded its proposal to acquire Emmert Resources.
- Impact on Operations: This decision may affect Denarius's strategic plans and resource acquisition efforts.
- Market Reaction: The announcement could influence investor sentiment and stock performance for Denarius Metals.
- Future Prospects: Denarius may seek alternative opportunities for growth and resource development following this withdrawal.
See More
Denarius Metals Proposes Acquisition of Emerita Resources
- Acquisition Proposal: Denarius Metals plans to acquire Emerita Resources through an all-share transaction, offering a 15% premium over Emerita's closing price on April 10, 2026, to enhance production of critical minerals, silver, and gold in the Iberian Pyrite Belt.
- Project Development: The company manages four projects in Spain and Colombia, with the Zancudo gold-silver project in Colombia entering the 'early production' phase, set to produce high-grade gold-silver concentrates by Q3 2026, with a processing capacity of 1,000 tons per day.
- Resource Consolidation: Denarius Metals' executive chairman, Serafino Iacono, stated that the merger would scale up available resources in the Iberian Pyrite Belt and consolidate processing of Emerita's IBW material at Denarius' Aguablanca facility, deferring or eliminating capital expenditures for Emerita's standalone processing facility.
- Strategic Joint Venture: Denarius Metals has established a joint venture with ProGrowth, a diversified group in Saudi Arabia, aimed at providing a refining and trading platform for concentrates from the combined Spanish portfolio, enhancing its competitive edge in the international market.
See More
ClearBridge Energy Fund Potential Dividend Run Alert Issued
- Dividend Run Concept: ClearBridge Energy MLP Opportunity Fund (EMO) is set to go ex-dividend on 04/23/26 with a dividend of $0.36 per share; historical data shows that in three out of the last four dividends, capital gains exceeded the dividend amount, totaling $7.09, indicating strong price appreciation potential ahead of dividends.
- Ex-Dividend Date Impact: Prior to the ex-dividend date, EMO's stock price rose from $51.19 on 03/09/26 to $53.30 on 03/24/26, reflecting investor expectations for the upcoming dividend and demonstrating market confidence and demand for the fund.
- Diverse Investment Strategies: Investors have varying views on the timeframe for capturing Dividend Run effects, with some opting to buy two weeks prior and hold, while others sell the day before ex-dividend to maximize capital gains, providing flexibility in investment approaches.
- Attractive Annual Yield: EMO boasts an implied annualized yield of 8.46%, making it an ideal choice for investors focused on Dividend Runs; while past performance does not guarantee future returns, its stable dividend history and potential for capital appreciation attract significant investor interest.
See More
