"Analyzing Energy Transfer LP (ET): Stock Performance and Investor Interest"
Energy Transfer, an integrated midstream company, has been increasing its distribution every quarter since the start of 2022, with approximately 90% of its 2024 earnings projected to come from fee-based activities. The company's growth opportunities include spending on growth capex and a strong backlog of projects, positioning it to continue growing its distribution over the next several years. Despite past challenges, Energy Transfer's distribution is well covered by its cash flow, and it is considered one of the cheapest large-cap stocks in the midstream sector, with potential for price upside.
