ET - Energy Transfer: Let Your Winners Run Further
2024-05-16 11:30:00 ET
Summary
- Energy Transfer unitholders have continued outperforming the market since my last bullish update.
- ET remains attractively valued, even as it expands its volume growth opportunities.
- Energy Transfer's 90% fee-based revenue model provides significant earnings and cash flow stability.
- Income investors should find ET's forward distribution yield above 8% appealing.
- I explain why ET unitholders should continue letting their winners run longer.
Energy Transfer Maintains Solid Volume Growth
Energy Transfer LP ( ET ) unitholders are rocking it. Even though the underlying energy futures ( CL1:COM ) ( CO1:COM ) have suffered a pullback from their early April 2024 highs, ET's price action has maintained its robust uptrend continuation....
Energy Transfer: Let Your Winners Run Further