Energy Transfer: Buybacks & Distribution Increases On The Table For 2022

Steven Fiorillo
36.83K Followers

Summary

  • Financial discipline has been paying off as debt has been reduced by over $6 billion in the past year, considerably strengthening ET's balance sheet.
  • Management is making good on their promises and it looks like the distribution cut will be short lived as buybacks and distribution increases are on the table for 2022.
  • The EIA just came out with their new International report and its clear as day that renewables wont displace fossil fuels anytime over the next three decades.
  • As the infrastructure bill has been sent to President Biden, we could experience a short-term bump in energy demand as major construction is about to take place.

The tank is in the light of the industrial area. With the sky of the sunset.

CHUNYIP WONG/E+ via Getty Images

It's been a tough road for unitholders of Energy Transfer (NYSE:ET) that haven't parted ways with the company. Units of ET have done nothing but progress further down their downward spiral since 2017. Not accounting

This article was written by

36.83K Followers
I am focused on growth and dividend income. My personal strategy revolves around setting myself up for an easy retirement by creating a portfolio which focuses on compounding dividend income and growth. Dividends are an intricate part of my strategy as I have structured my portfolio to have monthly dividend income which grows through dividend reinvestment and yearly increases. Feel free to reach out to me on Seeking Alpha

Analyst’s Disclosure:I/we have a beneficial long position in the shares of ET, KMI, XOM either through stock ownership, options, or other derivatives. 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.

Disclaimer: I am not an investment advisor or professional. This article is my own personal opinion and is not meant to be a recommendation of the purchase or sale of stock. Investors should conduct their own research before investing to see if the companies discussed in this article fits into their portfolio parameters

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