“Is Energy Transfer Still a Buy After Its Nearly 20% Rally?”
September 30, 2024
“…Energy Transfer is having a strong year. Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 20% in the second quarter to almost $3.8 billion. Meanwhile, its distributable cash flow surged 32% to over $2 billion…
Energy Transfer’s capital project backlog gives it growth visibility through 2026. Meanwhile, it has several additional expansion projects under development, including lower carbon energy opportunities like carbon capture and storage and blue ammonia. On top of organic growth, Energy Transfer has the financial flexibility to continue making accretive acquisitions…”
https://finance.yahoo.com/news/energy-transfer-still-buy-nearly-101300869.html