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Energy Transfer's Next Earnings Report Could Send the Stock Higher

Energy Transfer (TXSE:ET) has plenty of momentum heading into its third-quarter earnings report this week (Tuesday, Nov. 3). The energy midstream giant delivered a sharp increase in cash flow last quarter and raised its full-year earnings outlook. It has also continued expanding its infrastructure footprint, including a recently announced multi-billion-dollar acquisition. These drivers have helped boost its unit price by nearly 27% this year. With several growth catalysts taking shape, its upcoming results could give investors more reasons to buy the 6. 5%-yielding pipeline stock . Image source: The Motley Fool.

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