Energy Transfer's Monster Passive Income Stream Is a Lot Safer Than It Seems
Energy Transfer (NYSE: ET) offers a prodigious income stream. The master limited partnership (MLP) currently yields over 9%.
At first glance, that big-time payout might not seem sustainable. A quick peek at the energy midstream company's second-quarter results shows that its monster distribution significantly exceeded its reported net income.
However, a deeper look at the company's financial results tells a much different story. Here's why the MLP's big-time payout is much safer than it seems.
Source Fool.com