Energy Transfer: The Best Way To Help Shareholders

Summary

  • Energy Transfer reported Q3-2021 results, and as has been the case recently, the distribution coverage looked fantastic.
  • The company vocalized its intentions of returning more capital to shareholders.
  • We take a look at the results and tell you what is the best use of capital.
  • I do much more than just articles at Conservative Income Portfolio: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

Bundle of paper dollars as a symbol of the station and the fuel pump

ADragan/iStock via Getty Images

When we last covered last covered Energy Transfer LP (NYSE:ET) we had a modestly bullish upside target. While we were strong bulls on the oil and gas space, we felt midstream assets in general and ET, in particular, are

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This article was written by

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Trapping Value is a team of analysts with over 40 years of combined experience generating options income while also focusing on capital preservation. They run the investing group Conservative Income Portfolio in partnership with Preferred Stock Trader. The investing group features two income-generating portfolios and a bond ladder.

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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