Positive
Seeking Alpha
4 days ago
Energy Transfer: Discount Isn't What You Think
Energy Transfer offers a compelling ~8% yield, despite recent challenges like increased leverage, pipeline issues, and energy price volatility. ET's fundamentals remain strong, with record network volumes, stable production, and a conservative, contract-driven midstream industry culture supporting long-term stability. Shares are down due to cautious management outlook and higher leverage, but ET maintains an investment-grade balance sheet and attractive single-digit valuation multiples.