3 Bold Energy Transfer Predictions for This Year
Energy Transfer (NYSE: ET) is coming off a record year. The master limited partnership (MLP) produced record earnings in 2022, fueled by record volumes across many of its midstream segments. That enabled the company to generate lots of free cash flow to repay debt and steadily increase its distribution.
The company currently expects 2023 to be a much more modest year, with growth flattening out from lower commodity prices and no large-scale acquisition to drive results. However, that doesn't mean this year will be boring. Here are three bold predictions of things I think we could see from the midstream giant this year.
Energy Transfer has been working on converting its Lake Charles LNG import facility into an export terminal for years. The company initially worked with BG Group on the project until Shell (NYSE: SHEL) acquired that company in 2016. Shell assumed the partnership but ultimately abandoned it in early 2020, leaving Energy Transfer to take full control.
Source Fool.com
