Energy Transfer’s 13% Decline Presents High-Yield Opportunity for Income Investors

Energy Transfer LP (ET) has underperformed in 2024, with shares declining 13% year-to-date through September. The midstream energy specialist now offers a compelling proposition for passive income seekers, boasting one of the market's most substantial dividend yields.

The company operates in the stable midstream sector, generating fee-based revenue from its extensive pipeline and storage infrastructure. Unlike volatile upstream producers or margin-sensitive downstream operators, Energy Transfer's business model provides consistent cash flows regardless of commodity price fluctuations.

With operations spanning natural gas, crude oil, and NGL transportation—plus upcoming LNG capabilities—the partnership maintains critical energy infrastructure assets. This positioning ensures durable revenue streams, making the current valuation dip particularly intriguing for yield-focused portfolios.