Energy Transfer Is Getting a Big Acquisition-Fueled Earnings Boost
Energy Transfer (NYSE: ET) has a long history as a consolidator in the midstream sector. That strategy is paying big dividends this year. The pipeline company recently reported strong first-quarter results, fueled mainly by recent acquisitions.
Another acquisition, this time by affiliate Sunoco (NYSE: SUN), will help power stronger-than-expected earnings growth for the master limited partnership (MLP) this year. The company's rising cash flow should give it the fuel to continue growing its high-yielding distribution.
Energy Transfer generated nearly $3.9 billion of adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) during the first quarter. That's a 13.1% increase compared to the year-ago period.
Source Fool.com
MLP SE Stock
Our community is currently high on MLP SE with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 10 € shows a very positive potential of 57.48% compared to the current price of 6.35 € for MLP SE.
