Is Energy Transfer (ET) One of the Best Dividend Stocks with 5%+ Yields and Growing Cash Flows?

Energy Transfer LP (NYSE:ET) is one of the top dividend stocks with a current annual dividend yield of 6.63%. It is recognized as one of the 10 Best Dividend Stocks with 5%+ Yields and Growing Cash Flows. Barclays recently raised its price target on ET to $23 from $22 and reiterated an Overweight rating on the stock. The firm cited an optimistic outlook for U.S. crude production and stated that Energy Transfer remains undervalued with multiple fundamental tailwinds.

During the Q1 2026 earnings call, Energy Transfer reported strong financial performance with adjusted EBITDA of around $4.9 billion for the quarter. Co-CEO Thomas Long highlighted that distributable cash flow attributable to partners, as adjusted, was approximately $2.7 billion. The company raised its 2026 adjusted EBITDA guidance to a range of $18.2 billion to $18.6 billion and increased its organic growth capital spending outlook to $5.5 billion to $5.9 billion.

Long emphasized the solid operating performance across Energy Transfer’s business segments, including record volumes in midstream gathering, NGL fractionation, NGL exports, and crude oil transportation. The company also announced the approval of the construction of the new Springerville Lateral on the Transwestern Pipeline, which is expected to provide 625 million cubic feet per day of capacity and is supported by long-term agreements.

Energy Transfer LP owns and operates a diverse portfolio of energy assets across the United States, with over 140,000 miles of pipeline and related infrastructure in 44 states. The company’s network covers all major U.S. production basins, positioning it as a key player in the energy industry.

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In conclusion, Energy Transfer LP continues to deliver strong financial results and is well-positioned for growth in the energy sector. Investors looking for dividend stocks with solid yields and growth potential should consider ET as part of their portfolio. Follow Insider Monkey on Google News for more updates and insights.