5 Reasons Energy Transfer Stock Is a Long-Term Buy for 2030 and Beyond

With a market capitalization of $65 billion, Energy Transfer (NYSE: ET) is among the top five energy infrastructure stocks in the U.S. Its pipeline, spanning more than 130,000 miles, gathers and stores natural gas, natural gas liquids, crude oil, and refined products, and transports them across the nation.Energy Transfer stock hit a 52-week high of $21.45 per share on Jan. 22 and has given up some of those gains since. If you think that's still a high price to pay for the pipeline stock, I'll give you five compelling reasons Energy Transfer is a rock-solid, long-term buy now for 2030 and beyond.Almost 90% of Energy Transfer's earnings comes from long-term contracts that have a fixed-fee component, which makes its cash flows quite resilient to the volatility in oil and gas prices.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool