Why Energy Transfer Stock Surged 15% in May and Continues to Rally

After a strong run-up in April, shares of Energy Transfer (NYSE: ET) rallied even higher and jumped 15% in the month of May, according to data provided by S&P Global Market Intelligence. Bumper first-quarter numbers coupled with rising oil prices fueled investor enthusiasm in the midstream oil and gas stock. Importantly, some of the things management highlighted during Energy Transfer's Q1 earnings call hint at higher potential returns for shareholders, which partly explains why the stock has continued to rally and is already up 10.5% in June so far.