The president is willing to end hostilities even if the Strait of Hormuz remains largely closed, WSJ reports
BUSINESS
American Express is about to retire this controversial card benefit
American Express is set to make its biggest change to its flagship card product since it was refreshed last year.On Jul. 1, the company will remove the Shop Saks benefit from the Platinum Card from American Express. In a statement offered to Frequent Miler, Amex added that it will “introduce several new and exclusive Amex Offers for Platinum Card Members at top retailers and brands” in the next few weeks. How can you still earn the Saks credit?The Shop Saks credit has been issued on the Platinum Card from American Express in two semiannual $50 credits, which are issued as a statement credit when you shop at Saks.com or an eligible Saks Fifth Avenue location. To get the credit, you must first opt into the credit. Then, so long as you make an eligible purchase and it posts to your account by Jul. 1, you’ll receive that statement credit. Terms apply. Notably, the credit does not apply to gift cards, meaning that earning this credit might be particularly difficult to spend considering Saks Global’s current financial state. In January, the company filed for bankruptcy. Buying something sooner with your card is likely the best move, as Saks’ offerings have diminished significantly in light of its bankruptcy.Why many will be saying “good riddance” to this creditAmex watchers were surprised to see the Saks credit survive the Platinum Card’s makeover in Sept. 2025 amid rumors about Saks’ health. Its bankruptcy spurred a ‘rush to redeem’, where Amex cardholders rushed to use their $50 credit. This has resulted in many affordably priced items selling out.With those items gone, it has become especially difficult to redeem the credit, which underlies a common complaint with the Saks credit. Absent already overpriced house wares or perfume, it was already pretty difficult to weasel your way to a purchase which used up just the credit and not a whole lot else. Now, it’s borderline impossible. (Consider that even items that are on sale are pushing $100).If you traditionally shop designer at full price, you might be able to pick out something from the catalog, since there’s not really a shortage of offensively priced clothes. However, you might want to filter by price, because even items in the “Sale” section of the site are starting above and beyond the $50 that cardholders need to spend.What will replace Saks?At this point, the suggestion is that the Saks Credit won’t be outright replaced with a new credit, but a series of new Platinum-marketed Amex Offers will likely arrive after its retirement in July.The arrival of these new promotions could coincide with a comeback of the company’s Member Week promotion, which has come and gone in recent years, but was held in March last year to coincide with the company’s 175th anniversary.Nonetheless, the departure of the Saks credit ultimately means a $100 hole in the card’s benefits. Despite that, in their statement to Frequent Miler, Amex said that Platinum Card Members continue to receive “more than $3,500 in annual travel and lifestyle benefits and statement credits” even without the soon-to-be-retired Saks credit. Among the fashion-oriented credits on the refreshed card are a $75/quarter Lululemon credit, which (personally) is quite a bit easier to spend than the Saks credit.
In the final hours of Amazon’s Big Spring Sale, Skullcandy’s ‘impressive’ noise-canceling earbuds are just $35
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealThe Skullcandy brand is incredibly popular for its stylish and high-quality personal audio equipment. That’s why we were shocked to see one of the brand’s most intriguing sets of wireless earbuds deeply discounted at Amazon during the Big Spring Sale. Anyone who knows headphones knows that Skullcandy is one of the best makers of Bluetooth earbuds, and this pair is no exception.The Skullcandy Dime Evo Noise-Canceling Earbuds are available for only $35 at the moment. That’s a discount of 30% off the original price of $50. If you want to know what world-class audio sounds like, but you don’t want to spend a fortune, then this deal may be right for you.Skullcandy Dime Evo Noise-Canceling Earbuds, $35 (was $50) at Amazon
Courtesy of Amazon
Shop at AmazonWhy do shoppers love it?While some people think that you can buy any earbuds and get the same audio quality, nothing could be further from the truth. In fact, these earbuds prove the point that investing a little time and research into choosing your audio equipment can lead to the best possible results. This set of in-ear headphones boast dual dynamic drivers that offer an incredibly accurate sound profile that prioritizes deep bass and crisp highs, with a solid foundation of mids to balance the two. They have a lightweight design that’s great for listening on the go. The “clip anywhere” case is convenient and attractive. Simply clip it on your belt loop, backpack, or anywhere else, and you’ll have charging capabilities and storage for your earbuds wherever you might be. The headphones also have a waterproof rating of IPX4, which means you can take these to the beach or strolling in light rain and you don’t need to worry about water damage. They’re also sweatproof, making them a great option for blasting your favorite workout jams. Some customers who favor particularly high-impact exercises may opt for connected headphones, though independent earbuds like these should work fine for most.With Bluetooth connectivity, a playtime of 36 hours on a full charge, and in-app custom equalization (EQ), the earbuds are a great everyday audio companion. Perhaps their biggest selling point, though, is the noise-cancellation design. The in-ear bud design uses silicone bud tips to fill the ear canal while listening. This isolates the sound coming through the drivers and keeps ambient noise at bay. You’ll be in your own world, in the best possible way. While some might prefer to not block out the entire world around them for safety reasons, most understand that this is one of the biggest benefits of in-ear models like this one. The headphones are available in 10 fun colorways, so this sale might be a great opportunity to buy one for you and a few more as gifts for friends and family.Related: Amazon is selling vintage-style ChatGPT AI smart glasses for $14 with a translator functionPros and ConsProsWater resistance: The headphones have a water resistance rating of IPX4.Portability: The easy clip anywhere case makes taking the headphones on the go a breeze.Battery life: You get a full 36 hours of playtime between the headphones and the charging case after a single charge.Colorways” The earbuds and cases come in a total of 10 color variants.ConsStability. This style of earbud is as stable as behind-the-ear headphones for rigorous workouts.Safety: In-ear noise-isolating buds like these make it difficult to hear outside sounds.Amazon customers were very excited about these earbuds. One called them “the best Skullcandy product ever,” adding “I am genuinely impressed…They deliver way more than you’d expect at this price point…The sound quality is fantastic.”Shop more deals Monster N-Lite 216 Wireless Earbuds, $50 at AmazonBeats Solo Buds Wireless Bluetooth Earbuds, $70 (was $80) at AmazonRaycon Everyday Classic Earbuds, $68 (was $80) at AmazonThe Skullcandy Dime Evo Noise-Canceling Earbuds are only $35 for a short while longer. Once the Amazon Big Spring Sale ends, there’s no telling what the price may be.
Keeneland Spring Meet Offers Opportunities For Horse Players
Keeneland is set to Open on April 3 and has long been an excellent spot for horse players to enjoy a major return on their investment.
Yankees Legend Replaces Phillies Manager Rob Thomson After Bizarre Turn
The New York Yankees’ six-time All-Star took over for Philadelphia Phillies skipper Rob Thomson.
Coca-Cola is expanding Fairlife production as demand grows
Coca-Cola is committing $650 million to expand its Fairlife production facility in Coopersville, Michigan. The investment will add two new production lines and approximately 245,000 square feet of manufacturing space. Commercial production on the new lines is expected to begin in 2028.The expansion reflects sustained demand for Fairlife’s ultra-filtered, lactose-free milk and protein shake products. Fairlife has been operating near capacity limits for several years, and the Michigan investment is designed to relieve that constraint.What the expansion involvesThe Michigan investment will install two additional high-speed production lines at the existing Coopersville facility. The plant has been part of the community since 2012 and currently employs more than 400 people. The expansion is expected to add approximately 150 new jobs.Construction is expected to begin later this year. The project is receiving state support, including an ASESA abatement worth $3.9 million, approved by the Michigan Strategic Fund Board.Related: Coca-Cola quietly stops selling an iconic soda flavorThe Michigan expansion is separate from a $650 million Fairlife facility in Webster, New York, which is scheduled to open this year. Coca-Cola also operates an existing Fairlife plant in Goodyear, Arizona. Together, the two new investments represent more than $1.3 billion committed to a single brand.Why Fairlife matters to Coca-ColaFairlife has become one of Coca-Cola’s most significant growth stories. At a Citi investor event in early 2025, CEO James Quincey put the scale of the brand’s rise in stark terms.”In 2014, the retail value of Fairlife was $10 million,” Quincey said. “Last year it was nearly $4 billion. And of course, it’s a compounding business.”More Retail:Walmart fires OpenAI in playbook-changing moveCostco CEO just gave members a new reason to renewBath & Body Works makes big change customers will notice right awayIn the 52 weeks ending December 2025, Fairlife’s sales grew 28% year over year to $782 million in the refrigerated white milk category alone, according to Circana data. That stands in sharp contrast to the broader milk category, which saw only 2% dollar sales growth over the same period.Quincey has described Fairlife as a capacity-constrained business. Speaking on Coca-Cola’s most recent earnings call, he addressed the pace of the capacity ramp.”Obviously, that doesn’t all turn on with a flick of the switch on day one as much as one would wish it would,” Quincey said, “and that will ramp up over 2026, but it will steadily debottleneck our constraints on capacity across all the different Fairlife variants and package sizes.”
Coca-Cola produces more than soda. Mordant/Getty Images
What Fairlife is and why consumers buy itFairlife uses an ultra-filtration process that concentrates protein and reduces sugar and lactose compared to conventional milk. The product line includes ultra-filtered milk, Core Power protein shakes, and Fairlife Nutrition Plan shakes.The brand has benefited from a broader consumer shift toward higher-protein, functional food and beverage products. It competes in a segment that has grown even as fluid milk volumes have declined and some plant-based milk brands have faced slowing growth.Coca-Cola acquired Fairlife fully in 2020. The brand has since far exceeded the company’s expectations, growing from a niche dairy product into one of the most recognizable names in the functional beverage category.Key facts about the Fairlife expansionMichigan investment:$650 million to add two production lines and 245,000 square feet at the Coopersville facility.New jobs: Approximately 150 new positions at the Michigan plant.Production timeline: Construction begins later this year, commercial production expected in 2028.New York facility: A separate $650 million plant in Webster, New York, is scheduled to open this year.Existing footprint: Fairlife also operates a plant in Goodyear, Arizona.What this means for Coca-Cola investorsThe expansion signals Coca-Cola’s confidence in Fairlife as a long-term growth driver. The company is committing significant capital to a facility that will not generate commercial returns until 2028, indicating a multi-year view on sustained demand.Coca-Cola’s full-year 2025 organic revenue growth came in at 5%. Fairlife has grown significantly faster than that company average, making it one of the higher-priority investment areas within the portfolio.Fairlife has also outpaced Coca-Cola’s other major non-soda acquisition. Compared to the Costa Coffee acquisition in 2018, Fairlife outpaced it significantly and generated stronger returns than the company initially anticipated. For investors watching Coca-Cola’s evolution beyond carbonated beverages, Fairlife represents one of the clearest examples of the company building a meaningful non-soda revenue stream.Related: How much to invest in Coca-Cola for $1,000 annual dividends in 2026
Most people have already gotten their tax refunds. That’s bad news for restaurants and retailers.
A $1 increase in gas prices can lead to around six fewer drive-thru customers a day, a recent analysis found.
Industry leaders swear AI is inevitable, but new data argues otherwise
The industry’s foremost figures swear that artificial intelligence (AI) is here and only going to get better. The tech elite, which is telegraphing its potential to the masses, swears that there’s only one way to adjust: use it, learn it, and adjust. And if not, you’ll be left behind. Only, that’s not really a foregone conclusion. Despite how tech companies continue to present AI as an “inevitable” part of the future of work and life, its quest for world domination (and perhaps a growing share of the labor market) is in question. New data about its reception among the American public and its utilization by global businesses are at the core of the question.AI has a messaging problemIn recent weeks, we’ve touched on how the Iran conflict is affecting everything from energy to agriculture. It’s also affecting the picture for AI, namely through impacts to semiconductor manufacturing.However, aside from geopolitical problems, there’s an even bigger problem for the AI industry to solve: its image. Despite what is said, AI is not wildly popular with Americans or businesses. Messaging is a large portion of the reason why.Americans fear AI (and might resist it)Just 17% of Americans polled in a recent Pew Research study said they expect that AI will have a positive effect on the U.S. over the next 20 years. These results are not singular among western countries. In fact, Americans seem a little bit more optimistic and measured in their appraisal of AI’s possible impacts (that is to say, a lot of them think it could be equally good and bad). These answers are really no surprise seeing how the industry openly touts the possibility of economic disruption (or even, dramatically, human extinction.) In recent weeks, a number of firms have conducted “AI-driven layoffs”, telegraphing to the market that the word “AI” is congruent with “job loss.” That is not an association which is likely to win many fans.Arguably worse though, possible positive use cases for AI have been wildly overshadowed by louder use cases. What most Americans know about AI is that it is used for surveillance technology, helping young people cheating on exams, and how it is used to charge you more money using practices like dynamic pricing.So understandably, you have a large base which is disillusioned by the technology. That base is evidently not cheering for this future, and an uptick in resistance to data center development (mostly due to concerns about utility costs and community blight) and a “hands off” approach to regulating AI has followed.You might suspect that these are frivolous protests, because big business always gets its way in America, but there is concern about the matter in which AI is being communicated to (and received by) the public. So much so that the AI industry is throwing in millions to fund pro-AI candidates.Businesses reverse course on AI, tooMaybe because companies are made up of people, it’s understandable why many enterprises have remained on the sideline. Last year, data from Apollo found that AI adoption had stagnated at many businesses. More recent analyses show a decline in labor force usage of generative AI, even. 🚨Another update to our Generative AI US adoption time series results from our paper “The Labor Market Effects of Generative Artificial Intelligence”: we find LLM adoption at work in the US fell over the past quarter (while still up substantially from a couple years ago). pic.twitter.com/Lo1v0V2zq0— Jon Hartley (@Jon_Hartley_) March 27, 2026
This is not what you’d expect based on the stratospheric growth of various AI businesses like OpenAI and Anthropic, both of which are angling for a U.S. IPO this year. It’s even more jarring considering the rapid acceleration of GDP in recent quarters, along with evidence of an uptick in productivity. However, even that acceleration has remained in question.Related: After Rate Cut, Fed Chair Jerome Powell Credits Automation and AI For Contributing to This “Structural” Boom in the U.S. EconomyMaybe businesses are struggling to find a killer use case or application for implementation, but there’s also evidently a worry about who will bear the future costs of the AI buildout. PwC’s Chief U.S. AI Officer Dan Priest told TheStreet that “cost is very much part of the discussion” that the firm is having with businesses, highlighting a lesser-discussed angle of the AI boom. There’s also the possibility that AI is just not a priority for many company decisionmakers. As the Iran conflict comes up on two months, there are persistent worries about the economic environment. Chief among those worries are the possible impacts which could arise from higher energy prices, including a reacceleration of inflation which could dampen demand and push the U.S into recession.It’s not as inevitable as it seemsAmid a downturn in technology stocks over the last few weeks, many analysts are jumping to the ultimate conclusion that this ‘version ‘of the AI boom is “dead.” Oracle canceling a data center expansion in Texas and the demise of OpenAI’s video-making app Sora are certainly not helping them make the case that the technology is alive and well.Shares of one-time AI plays like Microsoft have lost over 24% of their value year-to-date. Tesla is off 19%. Nvidia, which has seen massive growth amid demand for its AI chips, is down 13%. Google and Amazon are off 13% and 11%, respectively. All of these losses are much steeper than the underlying indexes they sit atop, namely the S&P 500and Nasdaq, both of which have fallen into correction territory amid the Iran conflict.Sure, some pickaxe plays are still humming along, but it seems that the market’s blind affinity for anything with “AI” in the margins has likely narrowed to businesses capturing the monster spend coming out of hyperscalers. For example, SanDisk Corporation is one of the best-performing stocks in the S&P 500 this year, more than doubling thanks to the boom in flash memory. And even the iShares MSCI South Korea ETF ($EWY), which holds semiconductor giants like Samsung and SK Hynix, remains up 13.9% year-to-date despite a 23% drawdown from all-time highs.Even if the war was fully and unequivocally over today, it’s unlikely that stocks would simply bounce back to where they were. Given the geopolitical situation, investors are likely to be a little choosier with their allocations. Perhaps even more so given worries about adoption and the cancellation of major AI infrastructure projects. It is possible that just like crypto, electric vehicles, clean energy, and robotics before, investors are no longer rushing to put a premium on AI’s potential, especially relative to its current value. Nonetheless, nobody should return to being ambivalent about its disruptive potential, even if the recent activity on market outwardly suggests that it does not deserve the premium it had earned. The technology in its current form has demonstrated promise… now if only they could have it stop hallucinating or writing bad code.
Rivian and Lucid can operate like Tesla after new legislative win
Tesla has always occupied a special place in the U.S. automotive landscape as one of the few original equipment manufacturers that does not have to adhere to state dealership franchise laws that have been in place for decades, but now rivals EV Rivian and Lucid are getting the same treatment in at least one state. The traditional dealership model forces consumers to visit showrooms where a third party acts as a middleman in the sale of the vehicle to them.”By bypassing the dealership, Tesla offers customers a more transparent buying experience with set prices and minimal negotiations,” according to experts at Jupiter Chevrolet. “The company has turned its online platform into a one-stop shop where consumers can browse models, configure their vehicles, and make purchases, all from the comfort of their home.”Car dealerships started convincing states to enact franchise laws in the 1930s, according to The Week. But from the 30s to the 50s, as laws were put on the books, GM, Chrysler, and Ford came to dominate sales while dealerships remained more like mom-and-pop operations. More EV newsConsumer Reports names 5 popular EVs with the best real-world rangeMorgan Stanley names top auto pick if gas prices stay highSafest carmaker issues recall over dangerous EV issueSo the auto dealerships, through the National Automobile Dealer Association (NADA), successfully began lobbying to force OEMs into the dealership model. Since then, dealerships have grown from mom and pop to the top 10 dealership groups having combined annual revenues around $10 billion, “more than any car company,” Daniel Crane wrote at the Cato Institute in 2021.But Tesla has enjoyed its direct-to-consumer exemption since entering the market in 2013, and it has used lobbying and lawsuits against states to force them to change their dealership laws. Tesla testified to the Federal Trade Commission that its status as an EV OEM meant it could not successfully use the dealership model. In 2014, NADA “launched a state-by-state battle” to protect its interests, to varying degrees of success. Today, about half of the states have eased their restrictions on direct EV sales, according to Cato. In contrast, others like Alabama, Arkansas, Connecticut, Iowa, Kansas, Louisiana, and others maintain direct sales bans. Earlier this month, Washington state passed a bill that will allow Tesla rivals Rivian and Lucid to enjoy the same advantages Tesla does in the state and sell vehicles directly to consumers.
Photo by Bloomberg on Getty Images
Washington state passes bill allowing Rivian and Lucid to sell directly to consumersWashington Governor Bob Ferguson has until April 4 to sign Senate Bill 6354 into law, granting EV OEMs the right to sell cars directly to consumers, circumventing the dealership model. The bill had overwhelming bipartisan support, with the state House voting 84 to 9 in favor, and the Senate voting 47 to 2 the same way. Now, companies like Rivian and Lucid, and any future company meeting the criteria, can enjoy the same narrow exemption Tesla has operated under in the state since 2014. Related: Consumer Reports names 5 popular EVs with the worst rangeTesla has been the only EV maker permitted to sell directly in the state this whole time. Now, the company will have a bit more competition, and according to reports, Rivian used a different lobbying playbook than Tesla did. “Previous direct sales victories came through slow legislative advocacy or executive action, according to Good Car Bad Car. “Rivian’s approach weaponized direct democracy, forcing an outcome that years of traditional lobbying had failed to deliver.”Rivian reportedly spent $4.6 million to file the ballot initiative, which is a governor’s signature away from becoming law in the state. The initiative garnered enough signatures to qualify for the November ballot.”Rivian’s $4.6 million essentially bought a seat at the negotiating table that no amount of traditional lobbying could have secured,” Good Car Bad Car said. “The playbook is replicable in any state with a citizen initiative process, and Rivian has signaled it is willing to use the same approach elsewhere as R2 deliveries ramp later this year.”This is a serious challenge to dealerships’ market dominance, but a great sign for Rivian (and Lucid) as it looks to become a viable alternative for EV fans who don’t want to buy a Tesla. JPMorgan analysts back Rivian deal with UberOn March 19, Rivian and Uber announced a partnership in which Uber will invest up to $1.25 billion in Rivian and deploy as many as 50,000 autonomous R2 vehicles on its ride-hailing platform.The vehicle’s autonomous rides are expected to launch in San Francisco and Miami in 2028, with plans to expand to as many as 25 cities across North America and Europe by 2031. If everything goes to plan, the deal also gives the companies the option to negotiate the purchase of up to 40,000 more autonomous Rivian R2s beginning in 2030.JPMorgan analysts gave their seal of approval to Uber’s $1.25 billion investment in Rivian, saying that the deal to supply the ride-hailing company with tens of thousands of autonomous vehicles in two years was promising.While the firm maintained its “underweight” rating and $9 price target on Tesla’s main domestic rival, it says the deal helps alleviate some of Rivian’s excessive cash burn, as the electric vehicle maker continues to report “persistently large” operating losses and free cash outflows.That extra cash will come in handy as Rivian navigates what analysts describe as a “seemingly increasingly structurally unprofitable” EV market, according to TipRanks.In the fourth quarter, Rivian reported an adjusted loss of 54 cents per share on revenue of $1.29 billion. For the first time in 2025, Rivian closed out the full year with an annual gross profit of $144 million, thanks to an 8% increase in revenue to about $5.4 billion.But much of that profit came from Rivian’s software and services segment, as its automotive business lost $432 million last year.So increasing the physical presence of its vehicles on the road is paramount for the company, and its legislative victory in Washington could help pave the way for that growth. Related: J.P.Morgan tweaks its bearish Rivian stock outlook after Uber deal
Energy Transfer stands out as high-yield dividend stock
Few dividend stocks in the energy sector can match what Energy Transfer LP brings to the table right now.The Dallas-based pipeline giant runs about140,000 miles of pipeline across 44 states. It moves roughly 30% of all natural gas consumed in the United States. And it just wrapped up the best financial year in its history.For income investors hunting for yield, that combination is hard to ignore.Valued at a market cap of almost $68 billion, Energy Transfer (ET) stock has returned “just” 250% to shareholders over the past two decades. However, if we account for dividend reinvestments, cumulative returns are closer to 1,280%. Despite these outsized returns, the energy dividend stock offers investors a tasty 7% yield in 2026. Energy Transfer is a top dividend stockHere’s the foundation: Energy Transfer earns roughly 90% of its income from fee-based contracts. It means the company gets paid whether energy prices are high or low. ET is more like a toll road than a commodity trader.More on dividend stocks:UPS CFO issues stark warning to dividend investorsOracle stock dividend under threat amid massive AI pushHow much to invest in Ford stock for $1,000 in 2026 dividendsThat stability shows up in the numbers. For the full year 2025, adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at nearly $16 billion, a 3% increase over 2024 and a new partnership record.Q4 alone generated $4.2 billion in adjusted EBITDA, up from $3.9 billion in the same period the year before.Distributable cash flow, or DCF, the metric that matters most for dividend sustainability, was $8.2 billion for the full year. That’s a strong cushion above the distributions paid out to investors, given an annual dividend expense of roughly $4.6 billion. The dividend ratios every investor should knowHere’s a breakdown of the key dividend metrics for Energy Transfer (ET) stock:Annualized distribution: $1.34 per unit Distribution growth target:3% to 5% annually (long-term)DCF coverage: $8.2 billion for full year 2025 versus $4.6 billion in distributions paid Leverage target:4x to 4.5x EBITDA, kept in check even during heavy investmentFee-based revenue mix: About 90% of adjusted EBITDA from fee-based contractsInsider ownership: Approximately 10% of total common units outstanding — management has real skin in the game2026 adjusted EBITDA guidance: $17.45 billion to $17.85 billionThe 3% to 5% growth target isn’t a number pulled out of thin air. Co-CEO Dylan Bramhall said on the company’s February earnings call that it represents “the floor” for what management believes they can sustainably deliver. Energy transfer’s massive growth projects fuel the next chapterEnergy Transfer isn’t standing still and plans to spend between $5 billion and $5.5 billion on growth capital in 2026, excluding subsidiaries Sunoco LP and USA Compression Partners.About two-thirds of that is going into natural gas infrastructure. The Hugh Brinson pipeline, currently 75% complete, is designed to move up to 2.2 billion cubic feet per day from West Texas to eastern markets.Related: Energy giant sends blunt $20 billion message on dividend growth It’s fully contracted from west to east, and early volumes could flow ahead of the official fourth-quarter 2025 target.Then there’s the Desert Southwest Pipeline, recently upsized from 42 inches to 48 inches to handle up to 2.3 billion cubic feet per day. The full buildout is expected to cost roughly $5.6 billion and come online by late 2029.The data center and power plant opportunity is also real. Energy Transfer has already signed long-term agreements with Oracle to deliver natural gas to three U.S. data centers. It’s in advanced talks across 13 additional states for power plant supply deals. And it recently began flowing gas to a data center campus near Abilene, Texas.”Within the last year, we have contracted over 6 billion cubic feet per day of pipeline capacity with demand-pull customers,” co-CEO Tom Long said on the company’s Q4 earnings call.
Energy Transfer has a solid growth pipeline.Shutterstock
A dividend stock built for long-term incomeOut of the 12 analysts covering the blue-chip dividend stock, 10 recommend “buy,” and two recommend “hold.”Based on consensus price targets, Energy Transfer stock trades at a 12.7% discount. If we adjust for dividends, cumulative returns could be closer to 20%.What makes Energy Transfer stand out as a dividend stock isn’t just the yield. It’s the combination of yield, coverage, and a clear runway for earnings growth.The company is entering 2026 with an upgraded EBITDA guidance range of $17.85 billion. New Permian Basin processing plants are coming online mid-year. NGL export volumes are ramping at the Nederland terminal. Florida Gas Transmission just opened season on two new pipeline expansions.Each of those projects feeds directly into future cash flow — and future distributions.For investors who want a high-yield position backed by real infrastructure and real contracts, Energy Transfer LP is one of the more straightforward cases in the market today.Related: 109-year-old energy giant paying $4 billion in dividends as oil spikes