Energy Transfer (NYSE: ET) has grown into one of the country's largest midstream players. It has a unique coast-to-coast asset base with a fully integrated system to move hydrocarbons from the wellhead to the water for global market access. This massive energy infrastructure network generates enormous recurring cash flows, giving the master limited partnership (MLP) the money to pay a generous distribution that currently yields 9.9%.

Energy Transfer expects to continue growing its already massive system in the coming years. Future growth was a key topic on the company's first-quarter conference call. It discussed several growth projects that will give it more fuel to increase its sizable payout. Here's a look at the growth it has coming down the pipeline.

Energy Transfer expects to invest about $2 billion in growth capital projects this year. That's an increase from its initial $1.6 billion-$1.8 billion forecast and slightly higher than the $1.9 billion it invested last year.

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Source Fool.com