Energy Transfer: Solid Everywhere It Matters

imaginima Energy Transfer Fourth Quarter Update: Energy Transfer (NYSE:ET) just reported a fourth quarter that beat on every metric that matters, especially EBITDA, and distributable cash flow, which were $3.6 billion and $2 billion, respectively for the quarter and $13.7 billion and $7.6 billion, respectively for the year. Free cash flow after distributions was $970 million for the quarter, making for $3.6 billion for the year. This cash flow enabled the company to finish the year at around 4x leverage ...