Energy Transfer (NYSE: ET) offers investors a monster yield. The master limited partnership's (MLP's) payout currently clocks in at more than 9%. While yields that high are often at higher risk of a reduction, that's far from the case for Energy Transfer. The company recently increased its payout by another 15%, fueled by its improving balance sheet and strong financial results.

Here's a closer look at its most recent numbers, which should give investors lots of confidence in the strength of its monster distribution.

Energy Transfer generated $3.44 billion of adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in the fourth quarter, up 22.4% from the year-ago period. That drove its full-year total to a record $13.1 billion. Meanwhile, the company produced $1.91 billion of distributable cash flow in the quarter. That was an increase of 19.4% from the prior-year period. It provided the MLP with enough money to cover its distribution with $965 million to spare.

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Source Fool.com