Energy Transfer Isn't Done Making Deals
ETEnergy Transfer(ET) fool.com·2024-05-21 19:31

The MLP believes the midstream sector remains ripe for consolidation. Acquisitions are supplying Energy Transfer (ET 1.06%) with lots of fuel this year. The master limited partnership (MLP) closed two sizable deals last year, while its affiliate, Sunoco (SUN 0.32%), recently made a needle-moving acquisition. This trio of deals has the company on track to grow its earnings by around 10% this year. The MLP made it clear on its first-quarter conference call that consolidation in the midstream space continues t ...