Energy Transfer (NYSE: ET) offers a high 7.3% distribution yield with plans for 3-5% growth, totaling a 10% return. It operates a large North American midstream business, focusing on moving oil and gas globally. Despite a past distribution cut, distributable cash flow has been strong, covering distributions by 1.8x through 2025.

Energy Transfer has $5 billion in capital spending for 2026, with projects extending to 2029, supporting its growth plans. While it cut distributions by 50% in 2020 to strengthen its balance sheet, leverage has been reduced, and distributions are growing again, albeit below pre-cut levels.

Investors considering Energy Transfer should be aware of its past distribution cut in 2020. Some may prefer other high-yield midstream options like Enterprise Products Partners and Enbridge, with longer dividend growth histories. Lower yields may offer a safer option during energy downturns.

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Read more at Yahoo Finance: Is Energy Transfer Stock a Buy Now for Income-Focused Portfolios?