Where Will Energy Transfer Be in 5 Years?

Energy Transfer (ET -1.21%) has changed a lot over the past five years. In 2020, the master limited partnership's (MLP) financial profile had weakened to the point that it needed to slash its distribution by 50% to retain additional cash to fund its expansion projects and repay debt. Energy Transfer is working on securing customers for phase two, which would increase its capacity to 2.2 billion cubic feet per day. The combined cost for both phases is $2.7 billion. Energy Transfer is also building more natur ...