Energy Transfer: Strong Cash Flow Machine With 8.2% Dividend Yield

Puts Last Trade Dute (EDT) 5/30/2024 1:30 PM 6/5/2024 3:43 PM The partnership had a very good first quarter. Revenues rose by more than $2.5 billion, led by large increases in crude and NGL sales. Refined products were up marginally. The cost of goods did rise, but by less than $2 billion, which allowed for a greater than $300 million increase in operating income. Interest expenses rose by more than $100 million to $728 million, but that was not enough to stop the partnership from achieving year-over-year n ...