Why Energy Transfer Rocketed 42% in 2024
Units of Energy Transfer (NYSE: ET) surged 42% in 2024, according to data provided by S&P Global Market Intelligence. That crushed the S 500, which delivered a robust 23% return last year. Add in its lucrative cash distributions (and assume reinvestment), and Energy Transfer's total return was almost 54%, further widening its lead over the S 500 last year (25% total return).
Here's a look at what fueled the master limited partnership's (MLP) strong showing in 2024 and whether it can deliver another market-beating performance in 2025.
Energy Transfer entered 2024 with a lot of momentum. The pipeline company closed two acquisitions in 2023 (Lotus Midstream and Crestwood Equity Partners), which contributed to its growth last year. The midstream giant also benefited from organic expansion projects and strong market conditions.
Source Fool.com
