Units of Energy Transfer (ET 0.26%) surged 42% in 2024, according to data provided by S&P Global Market Intelligence. That crushed the S&P 500, which delivered a robust 23% return last year. Add in its lucrative cash distributions (and assume reinvestment), and Energy Transfer's total return was almost 54%, further widening its lead over the S&P 500 last year (25% total return). Here's a look at what fueled the master limited partnership's (MLP) strong showing in 2024 and whether it can deliver another mark ...