Energy Transfer Looks to Turbocharge Growth Spending. Is Now the Time to Buy the Stock?

Energy Transfer (NYSE: ET) has never been shy about pursuing growth when opportunities come along, and that's what it's expecting in 2025. When the pipeline company reported fourth-quarter earnings this past week, the big news was that it's looking for supercharged growth given the number of strong opportunities it is seeing, including the growing energy needs stemming from artificial intelligence (AI).Let's delve into the company's most recent results to see if this is a good time to buy the stock.Energy Transfer plans to spend $5 billion in capital expenditures (capex) on growth projects in 2025. That is a significant bump from the $3 billion it spent on growth capex in 2024. Much of Energy Transfer's spending will be directed toward the Permian Basin in western Texas and southeastern New Mexico, where it will be used for things such as increasing takeaway capacity, processing expansions, treating upgrades, and compression additions. One of its big projects will be the Hugh Brinson pipeline, which will provide additional natural gas takeaway out of the Permian Basin and connect to Energy Transfer's intrastate natural gas pipeline network. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool