5 Best Dividend Stocks with 5%+ Yields and Growing Cash Flows

2. Energy Transfer LP (NYSE:ET)

Short Percentage of Float: 0.93%

Dividend Yield as of May 14: 6.63%

Levered Free Cash Flow: $1.72 Billion

On May 14, Barclays raised its price recommendation on Energy Transfer LP (NYSE:ET) to $23 from $22. It reiterated an Overweight rating on the shares. The firm said it sees an “increasingly constructive backdrop” for U.S. crude production. The analyst added that Energy Transfer “remains undervalued given fundamental tailwinds on multiple fronts.”

During the Q1 2026 earnings call, Energy Transfer reported adjusted EBITDA of about $4.9 billion for the quarter. Co-CEO Thomas Long said distributable cash flow attributable to partners, as adjusted, totaled roughly $2.7 billion. Long said the company raised its 2026 adjusted EBITDA guidance and now expects results to range between about $18.2 billion and $18.6 billion. He also noted that Energy Transfer increased its 2026 organic growth capital spending outlook to a range of about $5.5 billion to $5.9 billion.

According to Long, the quarter’s results were supported by strong operating performance across the business. He pointed to record volumes in midstream gathering, NGL fractionation, NGL exports, and crude oil transportation. He also highlighted progress on expansion projects across the company’s infrastructure network. Long said Energy Transfer recently approved the construction of the new Springerville Lateral on the existing Transwestern Pipeline. The project is expected to provide about 625 million cubic feet per day of capacity, is supported by 20-year agreements, and is projected to enter service in the fourth quarter of 2029.

Energy Transfer LP (NYSE:ET) owns and operates a diversified portfolio of energy assets across the United States, including more than 140,000 miles of pipeline and related energy infrastructure. Its network spans 44 states and includes assets across all major U.S. production basins.