Energy Transfer Had a Terrible Quarter: Here's Why It's Still a Buy

Energy Transfer (NYSE: ET) limped into 2021. The midstream giant posted terrible fourth-quarter results to end 2020 as its earnings and cash flow slumped because of turbulent oil market conditions. That pushed its full-year numbers below 2019's level.

However, while the fourth quarter was a tough one for the master limited partnership (MLP), better days appear to be ahead. That means it looks like a compelling buy.

Image source: Getty Images.

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Source Fool.com