Energy Transfer: Massive Growth And Another Dividend Hike

Energy Transfer LP delivered strong Q3 results, with distributable cash flow up 33% year-over-year, reinforcing its appeal as a dividend growth investment. ET's fee-based business model benefits from robust volume growth and macro tailwinds, including increased US energy exports and AI-driven energy demand. The company raised its quarterly dividend to $0.3425, maintaining a conservative payout ratio below 50% and targeting 3–5% annual dividend growth.