Energy Transfer’s growth has slowed this year, but it expects to complete expansion projects soon. It recently secured new gas supply deals. The company reported Q3 results, with $3.8 billion EBITDA and $1.9 billion cash flow. Despite lower figures, it covered its distribution payment. Energy Transfer has record operational performance, with earnings slightly below guidance.
The company is investing in growth projects, expecting acceleration in the coming years. Completion of expansion projects, like the Nederland Flexport NGL and Badger gas processing plant, is underway. New gas supply deals with Oracle and others will contribute to future results. Longer-term projects are also in development, extending growth outlook.
Energy Transfer is set to deliver robust total returns with upcoming expansion projects and gas supply deals. Its growth pipeline includes the completion of several projects over the next year. The MLP’s high-yielding distribution complements its growth strategy. Consider the company’s growth potential before investing.
Read more at Yahoo Finance: Energy Transfer’s Growth Outlook Just Keeps Getting Better
