Energy Transfer Will See 2022 As A Transformative Year

The Value Portfolio
Investing Group Leader

Summary

  • Energy Transfer will transform during 2022 with significant cash flow and a unique ability to generate shareholder rewards.
  • The company's capital expenditures are reducing to just $600 million annualized, a manageable level.
  • The company's debt is already in its 4.0 to 4.5x target range, with substantial 2021 reductions, although the company can reduce its debt further.
  • Even with reduced corporate spending, the company is still investing in growth, showing its growth potential.
  • The company is a valuable investment with a unique ability to generate substantial shareholder rewards.
  • I do much more than just articles at The Energy Forum: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »
High voltage substation under sunset

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Energy Transfer (NYSE: NYSE:ET) is one of the largest midstream companies with a $30 billion market capitalization and a $75 billion enterprise value. The company improved its financial portfolio significantly through 2021 and it's entering 2022 with a uniquely strong portfolio and a

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This article was written by

The Value Portfolio
36.18K Followers

The Value Portfolio specializes in building retirement portfolios and utilizes a fact-based research strategy to identify investments. This includes extensive readings of 10Ks, analyst commentary, market reports, and investor presentations. He invests real money in the stocks he recommends.

He is the leader of the investing group The Retirement Forum with features including: model portfolios, macro overviews, in-depth company analysis and retirement planning information. Learn more.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of ET 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.

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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