With a Nearly 7% Yield, Is Energy Transfer Stock a Buy as It Looks to Turbocharge Growth?

Energy Transfer reported strong Q3 results with adjusted EBITDA soaring 31% year-over-year to $5.03 billion, driven by energy market volatility and record volumes across segments. The company plans to increase growth capital expenditures to $7 billion in 2027, with major projects including the Hugh Brinson Pipeline and Desert Southwest pipeline. Trading at a forward EV/EBITDA multiple of 8.2x with a 6.8% dividend yield and well-covered distributions, Energy Transfer is positioned as an attractive investment in the midstream energy sector.