Welcome to our dedicated page for Energy Transfer LP Common Units representing partner interests news (Ticker: ET), a resource for investors and traders seeking the latest updates and insights on Energy Transfer LP Common Units representing partner interests 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 a significant 20-year LNG Sale and Purchase Agreement with Chevron U.S.A. for its Lake Charles LNG project. Under the agreement, Energy Transfer LNG will supply 2.0 million tonnes of LNG per annum to Chevron on a free-on-board basis.
The purchase price includes a fixed liquefaction charge and a gas supply component indexed to the Henry Hub benchmark. The Lake Charles LNG export facility will be built on an existing brownfield regasification site, utilizing four LNG storage tanks, two deep water berths, and existing infrastructure. The facility will connect to Energy Transfer's Trunkline pipeline system, providing access to multiple natural gas producing basins including Haynesville, Permian, and Marcellus Shale.
Sunoco LP (NYSE: SUN) has released its operational and financial guidance for 2025. The company has made presentation materials available on their website at www.sunocolp.com in the Investor Relations section. Additionally, SUN will participate in meetings with investors at the 2024 Mizuho Power, Energy & Infrastructure Conference on December 10, 2024.
SUN operates as an energy infrastructure and fuel distribution master partnership across 40+ U.S. states, Puerto Rico, Europe, and Mexico. The company's infrastructure includes 14,000 miles of pipeline and over 100 terminals, serving approximately 7,400 Sunoco and partner branded locations plus independent dealers and commercial customers.
Energy Transfer LP (NYSE: ET) has announced a final investment decision to construct the Hugh Brinson Pipeline, a major natural gas pipeline project connecting the Permian Basin to multiple markets. The project will be developed in two phases:
Phase I includes construction of a 400-mile, 42-inch pipeline with 1.5 Bcf/d capacity from Waha to Maypearl, Texas, plus a 42-mile Midland Lateral. Phase II would increase capacity to 2.2 Bcf/d through additional compression. The combined cost is estimated at $2.7 billion, supported by long-term, fee-based commitments from investment-grade counterparties.
The pipeline will connect to Energy Transfer's existing infrastructure and provide access to major Texas markets and trading hubs. Phase I completion is expected by end of 2026.
Energy Transfer (NYSE:ET) reported strong Q3 2024 results with net income of $1.18 billion ($0.33 per unit) and Adjusted EBITDA of $3.96 billion, up from $3.54 billion in Q3 2023. The company achieved record volumes across multiple segments: crude oil transportation (+25%), crude oil exports (+49%), midstream gathered volumes (+6%), and NGL fractionation (+12%). Growth capital expenditures were $724 million, while maintenance capital expenditures were $359 million. The company completed strategic acquisitions including WTG Midstream and announced a $0.3225 per unit quarterly distribution.
Sunoco LP (NYSE: SUN) reported third quarter 2024 financial results with net income dropping to $2 million from $272 million in Q3 2023. However, Adjusted EBITDA increased to $456 million from $257 million year-over-year, including $14 million in one-time transaction expenses. The Fuel Distribution segment sold 2.1 billion gallons with a margin of 12.8 cents per gallon. The Pipeline Systems segment averaged 1.2 million barrels per day throughput, while Terminals segment averaged 690,000 barrels per day. SUN declared a quarterly distribution of $0.8756 per unit and maintained a leverage ratio of 4.0x with $1.4 billion in available liquidity.
Sunoco LP (NYSE: SUN) has announced its quarterly distribution for Q3 2024, maintaining the payment at $0.8756 per common unit, which equals $3.5024 per common unit annually. The distribution will be paid on November 19, 2024 to common unitholders of record as of November 8, 2024.
Energy Transfer LP (NYSE: ET) has announced a quarterly cash distribution increase to $0.3225 per common unit ($1.29 annualized) for Q3 2024, representing a 3.2% increase compared to Q3 2023. The distribution will be paid on November 19, 2024, to unitholders of record as of November 8, 2024. The company will release Q3 2024 earnings on November 6, 2024, after market close, followed by a conference call at 3:30 p.m. Central Time. Energy Transfer operates one of the largest energy asset portfolios in the US, with over 130,000 miles of pipeline across 44 states.
Energy Transfer LP (ET) has declared a quarterly cash distribution of $0.2111 per Series I Preferred Unit. The distribution will be paid on November 14, 2024, to Series I unitholders of record as of November 4, 2024. The company operates one of America's largest energy asset portfolios, including 130,000 miles of pipeline across 44 states. ET owns significant stakes in Sunoco LP (21%) and USA Compression Partners (39%), along with extensive infrastructure for natural gas, crude oil, and NGL operations.
Energy Transfer LP (NYSE: ET) has announced its plans to release third quarter 2024 earnings on Wednesday, November 6, 2024, after market close. The company will host a conference call the same day at 3:30 p.m. Central Time/4:30 p.m. Eastern Time to discuss quarterly results and provide a company update. The call will be broadcast live via webcast on Energy Transfer's website and will be available for replay for a time.
Energy Transfer LP operates one of the largest and most diverse portfolios of energy assets in the United States, with over 130,000 miles of pipeline and associated infrastructure across 44 states. The company's strategic network covers all major U.S. production basins, offering a range of services including natural gas midstream, transportation and storage, as well as crude oil, NGL, and refined product transportation and terminalling.
Sunoco LP (NYSE: SUN) has announced the timing for its third quarter 2024 earnings release and conference call. The company will release its financial and operating results before the market opens on Wednesday, November 6, 2024. Following the release, management will hold a conference call at 9:00 a.m. Central Time (10:00 a.m. Eastern Time) on the same day to discuss SUN's results.
Investors and interested parties can participate in the call by phone or webcast. To join by phone, dial 877-407-6184 (toll-free) or 201-389-0877 at least 10 minutes before the call starts. A replay will be available until November 13, 2024, by dialing 877-660-6853 (toll-free) or 201-612-7415 and using the conference ID 13749384. To join the webcast, connect via the Webcasts and Presentations page of SUN's Investor Relations website at http://www.sunocolp.com.
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