Is Energy Transfer a Buy After Its Latest Distribution Increase?

In the wake of the election and the release of its third-quarter results, Energy Transfer (NYSE: ET) saw its stock hit a 52-week high and is now up more than 25% on the year as of this writing, without even taking into consideration its handsome distribution. Speaking of distributions, the master limited partnership (MLP) just raised that as well.Against the backdrop of what is expected to be a more favorable regulatory environment and growing energy needs stemming from power demand for artificial intelligence (AI), let's take a closer look at this pipeline company's most recent results and whether now is a good time to buy the stock.Energy Transfer turned in solid Q3 results, with its adjusted EBITDA in the quarter rising to $3.96 billion. Distributable cash flow (DCF) to partners, which is how much cash the company generates before growth project capital expenditures (capex), edged up by $4 million to $1.99 billion. Volumes were solidly up across its systems, with a number of volume records set in the quarter. This included a 25% year-over-year jump in crude volumes, a 6% jump in midstream volumes gathered, and a 12% climb in NGL fractionation volumes.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool