Energy Transfer Continues to Enhance Its Portfolio and Ability to Pay Dividends
Energy Transfer(ET) The Motley Fool·2024-07-19 18:13
Energy Transfer continues to add new growth drivers.Energy Transfer (ET 1.49%) is coming off a big year. It closed two notable acquisitions last year, buying Lotus Midstream for about $1.5 billion and acquiring fellow master limited partnership (MLP) Crestwood Equity Partners in a $7.1 billion deal. Those needle-moving deals, along with organic expansion projects and healthy market conditions, position the midstream giant to grow its earnings by more than 10% this year. That will give it plenty of fuel to d ...