Energy Transfer's Latest Expansion Project Will Help Fuel Its More Than 7%-Yielding Dividend Through the End of the Decade
Energy Transfer continues to add new projects to its backlog.
Overview
Energy Transfer (NYSE: ET) recently announced an additional expansion of its Nederland NGL Export Terminal. The project will enable the master limited partnership (MLP) to export more natural gas liquids (NGLs) out of that crucial Gulf Coast terminal by the end of the decade. It's the latest expansion of this facility and one of many projects the company has under construction.
Here's a look at the new project, which will give the MLP even more fuel to grow its over 7%-yielding distribution.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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