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Recent Articles
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Energy Transfer Expects to Invest $5 Billion in Growth Capital in 2026
Nov 29, 2025
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Image Source: TradingView.
In October 2025, Energy Transfer announced a quarterly cash distribution of $0.3325 per common unit ($1.33 annualized) for the quarter, reflecting more than a 3% increase from the third quarter of 2024. Long-term debt totaled $63.1 billion at the end of the quarter, while the firm had $3.44 billion of available borrowing capacity under its revolving credit facility. For 2025, Energy Transfer now expects results to be slightly below the lower end of its previously issued adjusted EBITDA guidance in the range of $16.1-$16.5 billion. Growth capital expenditures are expected to be $4.6 billion in 2025 and $5 billion in 2026. Energy Transfer yields 8.1% at the time of this writing.
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Home Depot Pressured By Lack of Storm Activity
Nov 29, 2025
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Image Source: TradingView.
Home Depot updated its guidance for fiscal 2025 to reflect third quarter performance, continued pressure in the fourth quarter from the lack of storm activity, and ongoing consumer uncertainty and housing pressure. Total sales growth for the year is targeted to be approximately 3.0% (was 2.8%), while comparable sales growth is expected to be slightly positive for the 52-week period (was 1%). The home improvement retailer is targeting a gross margin of 33.2% and an adjusted operating margin of approximately 13% for the year. Adjusted diluted earnings per share is expected to decline roughly 5% from $15.24 in fiscal 2024 (was a decline of 2%). It plans to open 12 new stores for the year, with capital expenditures expected at approximately 2.5% of total sales. Though 2025 earnings guidance missed the mark, we continue to like Home Depot as a dividend growth idea. Shares yield 2.6% at the time of this writing.
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Phillips 66 Is Committed to a Secure, Competitive and Growing Dividend
Nov 28, 2025
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Image Source: Phillips 66.
Phillips 66 generated $637 million in free cash flow during the third quarter, and the company returned $751 million to shareholders, consisting of $267 million in stock buybacks and $484 million in dividends. Phillips 66 ended the quarter with $21.76 billion in debt and $1.95 billion in cash and cash equivalents. We like its 2027 priorities that include greater than a $500 million reduction in operating, SG&A and freight costs, more than $1 billion in total mid-cycle adjusted EBITDA growth in Midstream and Chemicals, a secure, competitive and growing dividend, and target total debt of $17 billion. We like Phillips 66 as an idea in the High Yield Dividend Newsletter portfolio, with shares yielding 3.6% at the time of this writing.
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Enterprise Products Partners Raises Buyback Program
Nov 28, 2025
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Image Source: TradingView.
Enterprise Products Partners announced that it raised the partnership’s common unit buyback program to $5 billion from $2 billion previously. The remaining available capacity under its new buyback program is now $3.6 billion. Total debt principal outstanding at the end of the quarter was $33.9 billion, with the company having consolidated liquidity of approximately $3.6 billion, comprised of borrowing capacity under its revolving credit facilities and unrestricted cash on hand. Though Enterprise’s third quarter results revealed some pressure on performance, its DCF coverage of the distribution remains solid and we have no qualms with its increased buyback authorization. We continue to like Enterprise Products Partners as an idea in the High Yield Dividend Newsletter portfolio. Units yield 6.7% at the time of this writing.
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