A speed bump Energy Transfer is coming off a strong year. The MLP produced a company-record $15.5 billion in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) last year. That was at the high end of its guidance range, and up 13% from 2023's level. The MLP's growth engine has slowed considerably in 2025. Units of Energy Transfer (ET 0.03%) have stumbled this year, declining by more than 10%. The energy midstream giant has woefully underperformed the S&P 500 (^GSPC -0.59%), whi ...