Energy Transfer's Recent $1.45 Billion Deal Won't Be its Last
Energy Transfer (NYSE: ET) is an active acquirer. It recently bought Lotus Midstream for $1.45 billion. That follows two smaller bolt-on acquisitions last year (Woodford Express and Spindletop) and a more sizable deal in 2021 (Enable Midstream).
The company plans to continue consolidating the midstream sector. That was evident in the comments by its management team on its recent first-quarter conference call.
analyst Jean Ann Salisbury asked Energy Transfer's management team on the first-quarter call about their thoughts on M She said:
Source Fool.com
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