These three MLPs all have yields of around 7% or higher.Pipeline operators with strong cash flow, steady growth projects, and well-covered payouts can be the backbone of an income portfolio. Let's look at three master limited partnerships (MLPs) that offer ultra-high yields, dependable operations, and steady growth. To begin investing in these names, $1,000 is a great starting point. But these have the type of steady operations that you can also feel free to dollar-cost average into over time.Energy Transfe ...

These stocks look attractive in an increasingly expensive market.The S&P 500 has continued to rally this year. It's up about 10% year to date and almost 20% over the past 12 months. That has the market trading at an elevated valuation of about 22 times forward earnings. The only other times it has been this high in the last quarter century are right before the dot-com bust and shortly after the pandemic. While most stocks currently trade at high valuations (especially the "Magnificent Seven"), there are som ...

JR Research is an opportunistic investor. He was recognized by TipRanks as a Top Analyst. He was also recognized by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, and Internet, as well as for Growth and GARP. He identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. He has also demonstrated outperformance with his picks. He focuses on identifying growth investing opportunities that present the most attracti ...

I am focused on growth and dividend income. My personal strategy revolves around setting myself up for an easy retirement by creating a portfolio which focuses on compounding dividend income and growth. Dividends are an intricate part of my strategy as I have structured my portfolio to have monthly dividend income which grows through dividend reinvestment and yearly increases. Feel free to reach out to me on Seeking AlphaAnalyst’s Disclosure:I/we have a beneficial long position in the shares of ET, EPD eith ...

行业概述 - Zacks石油和天然气管道MLP行业由主要从事石油、天然气、成品油和天然气液体(NGL)运输的北美Master Limited Partnerships(MLPs)组成 [3] - 行业公司拥有大量存储设施并提供中游服务包括运输、存储、集输和加工业务 [3] - 主要收入来源为基于长期合同的稳定收费模式 [3] 行业现状 - 行业Zacks排名第168位处于全部250个行业中后31%位置 [7] - 过去一年行业股价上涨11.9%表现优于能源板块(3%)但落后标普500指数(21.6%) [10] - 当前EV/EBITDA为10.97倍低于标普500(17.45倍)但显著高于能源板块(4.76倍) [14] 主要挑战 - 上游企业资本支出保守导致中游资产利用率下降 [1] - 行业平均债务资本化率达55%高杠杆限制新项目投资能力 [4] - 能源转型导致化石燃料需求下降影响管道和存储网络使用率 [5] 领先企业分析 Enterprise Products Partners(EPD) - 拥有超过5万英里管道和3亿桶存储容量 [17] - 具备140亿立方英尺天然气存储能力 [17] - 正在建设60亿美元资本项目将创造额外收费收入 [18] Energy Transfer(ET) - 运营12.5万英里管道网络覆盖美国主要盆地 [21] - 预计今年盈利增长9.4% [22] - 股息收益率高于行业平均水平 [22] Plains All American Pipeline(PAA) - 依靠管道和存储资产获得稳定收费收入 [25] - 预计2025年收入增长1% [25]

Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.Two years ago, we discussed how we were buying 5000 additional shares of Energy Transfer (NYSE: ET ). Since then, the stock has done 50% better than the S ...

核心观点 - 公司第二季度业绩稳健，尽管面临商品价格下跌和费用上升等不利因素，但中游业务表现强劲，多项业务量创下纪录 [1][3] - 调整后EBITDA同比增长3%至39亿美元，但可分配现金流(DCF)同比下降4%至20亿美元，增速较去年放缓 [3] - 预计2025年调整后EBITDA将达到或略低于161-165亿美元指引区间的下限，意味着约4%的年增长率 [8] - 2026年及以后增长动力强劲，多个新项目将陆续投产，包括Lenorah II和Badger处理厂等 [9][10] - 已获批多个扩张项目，如53亿美元的Transwestern管道等，将推动现金流持续增长至2030年 [12] 财务表现 - 第二季度调整后EBITDA达39亿美元，同比增长3% [3] - 可分配现金流(DCF)为20亿美元，同比下降4% [3] - 去年EBITDA和DCF分别增长13%和10%，创下合伙记录 [3] 业务细分表现 - 州际运输和存储以及中游业务表现突出 [6] - 对Sunoco LP的投资带来显著额外收入，抵消了原油、NGL和州内业务因商品价格下跌和费用上升导致的收益下降 [6] - 业务量全面增长：中游收集量增长10%，原油运输量增长9%，NGL运输量增长4%，终端量增长3%，NGL出口增长5% [11] 增长前景 - 2025年调整后EBITDA预计增长约4% [8] - 多个新项目将陆续投产：Lenorah II和Badger处理厂已投入运营，Nederland Flexport NGL出口扩建项目已启动乙烷和丙烷服务 [9] - Sunoco收购Parkland预计今年完成，将带来额外收益 [9] - 2026年将投产Mustang Draw气体处理厂，完成Hugh Brinson管道一期和Frac IX项目 [10] - 已获批项目包括Hugh Brinson二期、Delaware Basin NGL管道环路项目(2027年上半年)、Bethel存储扩建(2028年底)和53亿美元的Transwestern管道(2029年四季度) [12] - 潜在项目包括Lake Charles LNG出口终端和CloudBurst AI数据中心供气项目 [13] 战略举措 - 公司拥有充足财务灵活性，可继续进行战略收购以增强增长 [14] - 有机增长与收购相结合，将支撑长期增长 [14]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-32740 ENERGY TRANSFER LP (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification N ...

财务表现 - 公司2025年第二季度营收1924亿美元 同比下降72 [1] - 每股收益032美元 低于去年同期的035美元 [1] - 营收较Zacks共识预期2526亿美元低2383 [1] - 每股收益与市场预期032美元持平 未产生意外 [1] 运营指标 - 中游业务集气量21329亿英热单位/日 超出分析师平均预期2076251亿英热单位/日 [4] - 中游业务NGL产量1181百万桶 高于预期的109809百万桶 [4] - 中游业务权益NGL产量64百万桶 超过6219百万桶的预期 [4] - NGL与精炼产品终端吞吐量1553百万桶 显著高于144517百万桶的预期 [4] 细分业务表现 - 州内运输存储业务调整后EBITDA 284亿美元 低于3192亿美元的预期 [4] - 州际运输存储业务调整后EBITDA 47亿美元 超出4238亿美元的预期 [4] - 原油运输服务业务调整后EBITDA 732亿美元 略低于76445亿美元的预期 [4] - NGL与精炼产品运输服务业务调整后EBITDA 103亿美元 高于9937亿美元的预期 [4] - 中游业务调整后EBITDA 768亿美元 不及79855亿美元的预期 [4] 市场反应 - 公司股价过去一个月下跌04 同期标普500指数上涨05 [3] - Zacks评级维持3级(持有) 预示短期表现可能与大盘同步 [3]

Energy Transfer (ET) Q2 2025 Earnings Call August 06, 2025 04:30 PM ET Company ParticipantsThomas Long - Co-CEO & DirectorMarshall McCrea - Co-CEO & Director & Chief Commercial OfficerKeith Stanley - DirectorJean Ann Salisbury - Managing DirectorDylan Bramhall - Group CFOGabriel Moreen - Managing DirectorManav Gupta - Executive DirectorMichael Blum - Managing DirectorZack Van Everen - Director - Infrastructure ResearchJohn Mackay - VP - Equity ResearchConference Call ParticipantsTheresa Chen - Senior Analys ...