2 Catalysts That Could Send Energy Transfer Partners LP Soaring
After several tough years, Energy Transfer Partners (NYSE: ETP) finally seemed to turn the corner last quarter. The pipeline company reported that distributable cash flow not only stopped sliding but surged 21.5% to $990 million after several expansion projects entered service. Thanks to that, and a little help from parent company Energy Transfer Equity (NYSE: ETE), it covered its distribution to investors with room to spare.
But despite the improving financials, Energy Transfer Partners' unit price is down more than 35% over the past year. As a result, the company trades at a ridiculously cheap valuation and yields an eye-popping 11.8%. A couple of weights are behind its depressed price; if they are lifted, unit price could soar.
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Source: Fool.com
