ET - Energy Transfer: Why The Permian Matters

2024-06-11 09:00:00 ET

Summary

• Energy Transfer is a major player in the pipeline industry, with the largest pipeline capacity of any company.
• ET has shown strong growth this year and has potential for future growth through acquisitions.
• The recent acquisition of West Texas Gathering (WTG) assets is seen as a positive move for ET, supporting the monetization of the gassier Permian Basin.
• ET remains a buy at current levels.

Introduction

Energy Transfer, ( ET ) is the Godzilla of the pipeline space, with more miles of carriage than any other. By a long shot. In their latest investor presentation, ET claims 125,000 miles of pipeline capacity, and who are we to argue?...

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