- 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.
For further details see:
Energy Transfer: Decent Results And Still A Good Income Stock