Energy Transfer: Massive Growth And Another Dividend Hike

Impact · against what's priced in

Energy Transfer's strong Q3 results and dividend hike are positive but primarily serve as validation of the company's existing growth trajectory. The updates to EBITDA guidance and cash flow growth reinforce the current valuation without introducing a significant new catalyst.

ET+0.40

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In context

The company reported a 33% year-over-year increase in distributable cash flow and raised its quarterly dividend to $0.3425, supported by an updated annual EBITDA guidance of $19.8 billion.

Read from the article alone

• energy▲23%
• cash flow▲<1%
• earnings
• guidance
• valuation
• dividends
• ET
• energy exports