Welcome to our dedicated page for Energy Transfer L P news (Ticker: ET), a resource for investors and traders seeking the latest updates and insights on Energy Transfer L P stock.
Energy Transfer LP (NYSE: ET) is a leading energy company based in Texas that has grown significantly since its inception in 1995. Originally a small intrastate natural gas pipeline operator, Energy Transfer is now one of the largest and most diversified investment-grade master limited partnerships (MLPs) in the United States. The company has expanded from managing around 200 miles of natural gas pipelines in 2002 to overseeing approximately 71,000 miles of pipelines that transport natural gas, natural gas liquids (NGLs), refined products, and crude oil.
Energy Transfer's expansive portfolio includes significant assets in Texas and the midcontinent region of the U.S. It boasts gathering and processing facilities, as well as one of the largest fractionation facilities in the country. Additionally, the company operates the Lake Charles gas liquefaction facility, playing a crucial role in the energy supply chain from extraction to distribution.
The company's family includes four publicly traded partnerships: Energy Transfer Partners, L.P. (NYSE: ETP), which owns and operates a diverse portfolio of energy assets; Energy Transfer Equity, L.P. (NYSE: ETE), which holds the general partner and 100% of the incentive distribution rights (IDRs) of ETP; and Sunoco Logistics Partners L.P. (NYSE: SXL), which manages a comprehensive logistics business. In October 2018, Energy Transfer successfully merged its publicly traded limited and general partnerships, further streamlining its operations and enhancing its market presence.
Recent achievements illustrate Energy Transfer's strategic growth and operational efficiency. The company recently announced significant acquisitions and divestitures through its subsidiary, Sunoco LP. In April 2024, Sunoco completed the acquisition of liquid fuels terminals from Zenith Energy, while divesting 204 convenience stores to 7-Eleven, Inc. These transactions, valued at approximately $1.0 billion, are expected to be immediately beneficial to unitholders. Additionally, Sunoco's purchase of Zenith Energy Netherlands Amsterdam B.V. enhances its strategic position within Europe's energy market, particularly at the Port of Amsterdam.
Financially, Energy Transfer remains robust. For the first quarter of 2024, net income was reported at $230 million, reflecting a substantial increase from $141 million in the same quarter of 2023. Adjusted EBITDA for the same period was $242 million, signaling steady growth and operational efficiency. The company's leverage ratio and liquidity remain strong, with significant capital expenditures planned to maintain and expand its infrastructure.
Energy Transfer's forward-looking strategy is dedicated to optimizing its portfolio, enhancing operational efficiency, and pursuing growth opportunities. The company's diverse energy infrastructure and strategic acquisitions position it well to meet future energy demands while delivering value to its unitholders.
Energy Transfer LP (NYSE: ET) has announced the filing of its annual report on Form 10-K for the fiscal year ended December 31, 2024, with the Securities and Exchange Commission (SEC). The company makes these reports accessible on its website www.energytransfer.com, including Form 10-K annual reports, Form 10-Q quarterly reports, Form 8-K current reports, and other SEC-filed information.
Additionally, Energy Transfer offers to provide unitholders with free printed copies of the annual report on Form 10-K, which includes audited financial statements, upon written request to their Investor Relations department in Dallas.
Energy Transfer LP (NYSE: ET) has announced the pricing of $3.0 billion in senior notes, consisting of: $650 million of 5.200% notes due 2030, $1.250 billion of 5.700% notes due 2035, and $1.100 billion of 6.200% notes due 2055. The notes are priced at 99.796%, 99.872%, and 99.398% of face value, respectively.
The sale is expected to settle on March 4, 2025, generating net proceeds of approximately $2.97 billion. The company plans to use the proceeds to refinance existing debt, including repaying commercial paper and revolving credit facility borrowings. The offering is being managed by BofA Securities, Citigroup, Deutsche Bank Securities, Mizuho, and SMBC Nikko.
Energy Transfer operates one of America's largest energy asset portfolios, with over 130,000 miles of pipeline across 44 states. The company maintains significant ownership in Sunoco LP (21%) and USA Compression Partners, LP (39%).
Sunoco LP (NYSE: SUN) has announced the filing of its 2024 Annual Report on Form 10-K with the SEC on February 14, 2025. The report, which includes the Partnership's audited financial statements and operational results for the fiscal year ended December 31, 2024, is now accessible through multiple channels.
Investors and stakeholders can access the report through the Investor Relations section of Sunoco's website (www.sunocolp.com) under 'SEC Filings & Financial Reports' or directly through the SEC's website. Additionally, unitholders can request a free printed copy by either emailing IR@SunocoLP.com or completing a request form on the company's Investor Relations website.
Energy Transfer (ET) reported strong Q4 2024 financial results with net income of $1.08 billion and earnings per unit of $0.29. Adjusted EBITDA reached $3.88 billion, up 8% from the previous year. The company's operational performance showed significant growth with crude oil transportation volumes up 15%, NGL transportation up 5%, and NGL exports up 2%.
For 2025, ET projects Adjusted EBITDA between $16.1-16.5 billion, with planned growth capital expenditures of $5.0 billion and maintenance capital expenditures of $1.1 billion. The company announced a quarterly distribution of $0.3250 per unit ($1.30 annualized), representing a 3.2% increase from Q4 2023.
Notable developments include completion of the Sabina 2 pipeline conversion, optimization of the Grey Wolf processing plant, and a new LNG supply agreement with Chevron for 2.0 million tonnes annually.
Sunoco LP (NYSE: SUN) reported strong financial results for Q4 and full-year 2024. The company achieved record net income of $874 million for 2024, up from $394 million in 2023. Fourth-quarter net income reached $141 million, compared to a loss of $106 million in Q4 2023.
Key highlights include Adjusted EBITDA of $1.46 billion for 2024 (including $106 million in one-time transaction expenses) and fuel volume of 8.6 billion gallons. The company increased its quarterly distribution to $0.8865 per unit and targets a distribution growth rate of at least 5% for 2025.
Looking ahead, Sunoco expects 2025 Adjusted EBITDA between $1.90-1.95 billion. The company maintains strong liquidity with $1.3 billion available on its credit facility and a leverage ratio of 4.1x.
Energy Transfer LP (NYSE: ET) has signed a long-term agreement with CloudBurst Data Centers to supply natural gas to CloudBurst's AI-focused data center in Central Texas. Through Energy Transfer's Oasis Pipeline, the company will provide up to 450,000 MMBtu per day of firm natural gas supply, sufficient to generate 1.2 gigawatts of direct power for at least 10 years.
The agreement is subject to CloudBurst reaching a final investment decision (FID) with its customer, expected later this year. If approved, the facility would become operational in Q3 2026. This marks Energy Transfer's first commercial arrangement to supply natural gas directly to a data center, leveraging its network of over 105,000 miles of natural gas infrastructure and storage facilities with a combined capacity of nearly 236 billion cubic feet.
Energy Transfer LP (NYSE: ET) has announced a quarterly cash distribution increase to $0.3250 per common unit ($1.30 annualized) for Q4 2024, representing a 3.2% increase compared to Q4 2023. The distribution will be paid on February 19, 2025, to unitholders of record as of February 7, 2025.
The company will release its Q4 and full-year 2024 earnings on February 11, 2025, after market close, followed by a conference call at 3:30 p.m. Central Time to discuss results and provide a 2025 outlook. Energy Transfer operates one of the largest energy asset portfolios in the US, with over 130,000 miles of pipeline across 44 states, including natural gas midstream, transportation and storage assets, crude oil, NGL, and refined product infrastructure.
Sunoco LP (NYSE: SUN) has announced a quarterly distribution increase to $0.8865 per common unit for Q4 2024, representing a 1.25% increase from the previous quarter. This equates to $3.5460 per common unit on an annualized basis. The distribution will be paid on February 19, 2025, to unitholders of record as of February 7, 2025.
This marks the third consecutive increase in annual distribution growth rate. Looking ahead, SUN has set a target distribution growth rate of at least 5% for 2025, with future increases to be announced quarterly. The company cites its strong long-term financial outlook and track record of delivering accretive growth as key factors supporting its planned multi-year distribution increases.
Energy Transfer LP (ET) has declared a quarterly cash distribution of $0.2111 per Series I Preferred Unit. The distribution will be paid on February 14, 2025 to Series I unitholders of record as of February 4, 2025.
Energy Transfer operates one of the largest energy asset portfolios in the United States, encompassing over 130,000 miles of pipeline across 44 states. The company's infrastructure includes natural gas midstream operations, interstate and intrastate transportation, storage assets, and various energy product transportation and terminalling facilities. ET also holds significant ownership stakes in Sunoco LP (21%) and USA Compression Partners, LP (39%).
Energy Transfer LP (NYSE: ET) has announced plans to release its fourth quarter and full year 2024 earnings report on Tuesday, February 11, 2025, after market close. The company will host a conference call at 3:30 p.m. Central Time/4:30 p.m. Eastern Time on the same day to discuss results and provide a 2025 outlook.
Energy Transfer operates one of the largest energy asset portfolios in the United States, comprising over 130,000 miles of pipeline infrastructure across 44 states. The company's portfolio includes natural gas midstream operations, interstate and intrastate transportation, storage assets, crude oil and NGL transportation, and terminalling facilities. Additionally, ET owns Lake Charles LNG Company and holds significant stakes in Sunoco LP (21%) and USA Compression Partners (39%).
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