Energy Transfer Expects to Deliver Another Big Growth Spurt Starting in 2026

Energy Transfer (ET 0.86%) is coming off a record-breaking year. The master limited partnership (MLP) set volume records across several product categories last year. That helped fuel a 13% increase in its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), which hit a record $15.5 billion. The company also reported record distributable cash flow of $8.4 billion, up 10% from the prior year. Acquisitions were the main fuel driving last year's record, notably its $7.1 billion mer ...