5 Best High Yield Energy Stocks to Buy Right Now

2. Energy Transfer LP (NYSE:ET)

Dividend Yield as of March 31: 6.94%

Energy Transfer LP (NYSE:ET) is one of the largest and most diversified midstream energy companies in North America, with a strategic footprint in all of the major US production basins.

On March 24, Truist initiated coverage of Energy Transfer LP (NYSE:ET) with a ‘Buy’ rating and a price target of $23, indicating an upside potential of over 17% from the current share price.

Trust noted how Energy Transfer LP (NYSE:ET) owns one of the most strategically positioned and diversified midstream systems in the US, spanning Permian crude oil, NGL export infrastructure, interstate natural gas transmission, and LNG feedgas optionality. The company is also now increasingly involved in power generation tied to the datacenter demand from hyperscalers.

The analyst firm believes that the combination of structural volume growth, improving balance sheet discipline, and new power-related demand should sustain the midstream operator’s re-rating and allow it to grow its EBITDA in the long-term.

In February, Energy Transfer LP (NYSE:ET) raised its 2026 adjusted EBITDA to a range of $17.45 billion to $17.85 billion, up from the previous $17.3 billion to $17.7 billion. The increase is primarily driven by the company’s affiliate, USA Compression’s acquisition of J-W Power Company, which closed in January this year.