ET - Energy Transfer: Decent Results And Still A Good Income Stock

• Energy Transfer's quarterly results showed its relative stability regardless of overall conditions.
• The company did see dramatically increased volumes as upstream producers begin to turn their wells back on given the strong YOY improvement in crude prices.
• The acquisition of Enable Midstream expands the company's footprint into a few new areas, which should prove positive for cash flow going forward.
• The company can easily maintain its 6.7% yield, which should be very appealing to those looking for an income stock.
• Overall, Energy Transfer continues to look like a solid midstream play.

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