Energy Transfer's growing list of expansion projects is adding more fuel to its earnings and distribution growth engines. This combination of income and growth could give the company the fuel to produce robust total returns in 2026 and beyond, making it a compelling long-term investment opportunity.

Energy Transfer (NYSE: ET) delivered a mixed fourth quarter 2025 performance, posting $25.32 billion in revenue while net income declined to $928 million, down from $1.08 billion year-over-year. The midstream giant reported $0.

Energy Transfer has lots of fuel to continue growing its high-yielding payout in 2026 and beyond.

Energy Transfer (NYSE:ET) has strengthened its balance sheet and raised its cash distribution to unitholders. The partnership reaffirmed its annual distribution growth targets while committing capital to multi billion dollar organic pipeline projects.

Energy Transfer LP Common Units provides a well-covered 7%+ distribution yield with further room for continued growth. Read more on ET stock here.

Energy Transfer (NYSE: ET) will report its fourth-quarter earnings results on Feb. 17, which may spark some investors to wonder whether they should buy the stock before the report. However, investors shouldn't expect too many surprises when the master limited partnership's (MLP) report is released, or for a big stock price reaction.

The midstream company is still an evergreen investment.

Energy Transfer LP values at 8.77x EV/EBITDA with a 7.15% yield and a $30.30 price objective as natural gas and NGL demand rises. Read why ET stock is a buy.