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As a midstream company, Energy Transfer provides pipeline, storage, and terminalizing services for natural gas, natural gas liquids (NGLs), crude oil, and refined products. By building those pipelines ...

Since 2006, Energy Transfer's stock price has risen by just 187%. The S&P 500, meanwhile, produced a total return of 489%. On the surface, Energy Transfer hasn't proven a great long-term investment.

Energy Transfer (NYSE: ET), one of the largest midstream companies in the U.S. with over 125,000 miles of pipeline across 44 states, went public at a split-adjusted price of $5.50 per unit on Feb. 3, ...