Energy Transfer: High-Octane Income From America's Energy 'Toll Road'

PropNotes10.2K FollowersFollow5ShareSavePlay(10min)CommentsSummaryEnergy Transfer is positioned for a structural EBITDA step-up in 2026, following significant growth capex investments and project maturation.ET trades at an 8.6x forward EV/EBITDA, a notable discount to peers, offering potential for multiple expansion as fundamentals improve.Management is guiding for ~11% adjusted EBITDA growth in 2026, supporting distributable cash flow acceleration and a robust 7% dividend yield.I rate ET a buy, anticipating 10%+ price appreciation and total returns exceeding 17% as growth investments bear fruit. Denis Shevchuk/iStock via Getty Images Roughly a year ago, I put out an article titled “Energy Transfer: [My] Favorite Energy Stock for 2025.” In it, I made the case that Energy Transfer (ET), one of America’s largest midstreamThis article was written byPropNotes10.2K FollowersFollowHere at PropNotes, I focus on uncovering high-yield investment opportunities for individual investors.With a background in professional prop trading, my goal is to break down complex concepts into clear, actionable insights that help you achieve better returns.Follow me today and take control of your portfolio.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.