Energy Transfer's Growth Outlook Just Keeps Getting Better

While Energy Transfer (NYSE: ET) pays a high-yielding distribution (currently 7.8%), growth is a huge part of its DNA. The master limited partnership (MLP) had grown its earnings at a 10% compound annual rate from 2020 through 2024. While growth will slow this year, a reacceleration is on the horizon.

The midstream giant has several expansion projects entering service over the next year, which will fuel incremental cash flow. Meanwhile, its longer-term growth outlook just keeps getting better as the MLP secures new expansion opportunities. This growth could give it the fuel to produce robust total returns in the coming years.

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Source Fool.com