Energy Transfer (NYSE: ET) once again increased its full-year guidance when it reported its second-quarter results, showing the strong operational momentum the company has. The stock has performed well this year with an over 20% return, including distributions.

Despite its strong performance this year, the master limited partnership (MLP) still has an enticing forward distribution yield of about 7.9% and trades at an attractive valuation.

Let's dive into the company's Q2 results and guidance, and look at why the stock is an attractive option for income-oriented investors.

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Source Fool.com