Energy Transfer LP

Energy Transfer is resumed at Buy with a $26 price target, reflecting strong volume growth and robust downstream capacity utilization. ET's 90% fee-based model, diversified segments, and minimal commodity exposure provide stability and leverage to rising throughput, especially from data center-driven power demand. My proprietary demand proxy forecasts mid-single-digit revenue growth and 60bps margin expansion in FY27, outpacing conservative Street estimates.

Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) will be releasing its financial results for the quarter ended September

Energy Transfer is acquiring Vaquero Midstream for $2.6 billion in cash and units. The deal will immediately boost its distributable cash flow per unit.

Energy Transfer's high yield, low valuation, wide moat, and exposure to the AI boom make it a resilient investment for income-oriented investors. As an MLP, Energy Transfer is also more tax-efficient than comparable C-corporations.