A bit of a calculation issue to get DCF but if you take the $622M of reported DCF and subtract the $156M paid to ETE in IDRs and the $113M paid to others (SXL public owners, RGP, ETE) and add back in the IDR waiver you get about $384M in DCF. With 300M units they covered at 1.27X. Again this is a quick estimate. Am sure we will have new proker reports soon.
Come on, be serious. MLPs with close to 10% distribution growth per year get that kind of yield.
After years of no growth, it will take more than tiny distribution growth to get the market to give it that kind of yield.