Should You Still Buy Energy Transfer After Its More Than 35% Rally This Year?

Energy Transfer (NYSE: ET) is having a monster year. Units of the master limited partnership (MLP) have rallied over 35% in 2024. Add in its high-yielding distribution, and the total return is nearly 50%. Several factors have fueled the MLP's rally, which has picked up steam following the election. Here's a look at whether Energy Transfer has the fuel to continue rising in 2025.Energy Transfer is having a strong year operationally and financially. The MLP set several volume records in the third quarter, fueled by organic growth projects and acquisitions. It acquired fellow MLP Crestwood Equity Partners in a $7.1 billion deal last November and wrapped up its nearly $3.1 billion deal for WTG Midstream in July. It has also completed a couple of processing optimization projects: the Red Lake III processing plant, and the Midland to Cushing pipe connection project. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool