Energy Transfer: An MLP Engine Betting on the US Export Lift
Energy Transfer (ET) trades like a high-yield utility with an embedded growth kicker from export capacity expansion. At $19.15, the partnership yields ~7% and sits on an enterprise base that generates $3.6B in free cash flow; EV/EBITDA is ~8.5x. For income investors who can stomach leverage, a measured long trade captures near-term rerating and lon…