Energy Transfer Announces Increase in Quarterly Cash Distribution

Rhea-AI Summary

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.

Positive

• Quarterly distribution increased by 3.2% year-over-year
• Extensive infrastructure network covering 44 states
• Diversified portfolio of energy assets including 130,000+ miles of pipeline
• Strategic ownership in Sunoco LP (21%) and USA Compression Partners (39%)

Negative

• None.

Insights

Financial Analyst

Energy Transfer's 3.2% distribution increase to $0.3250 per unit quarterly ($1.30 annualized) marks a significant milestone in the company's capital return strategy. This raise is particularly noteworthy in the current market environment where many energy companies are prioritizing balance sheet strength over distribution growth.

The timing of this announcement, ahead of Q4 earnings, signals management's confidence in ET's operational performance and cash flow sustainability. With over 130,000 miles of pipeline infrastructure spanning 44 states, ET's diversified asset base provides stable, fee-based revenues that support consistent distribution growth. The company's strategic positions in major U.S. production basins, combined with its ownership stakes in Sunoco LP (21%) and USA Compression Partners (39%), create multiple revenue streams that enhance distribution coverage.

The distribution increase reflects three key strengths:

• Strong operational cash flows from diversified midstream assets
• Strategic positioning in key energy corridors
• Vertical integration across the energy value chain

For income-focused investors, this raise demonstrates ET's commitment to growing unitholder returns while maintaining operational excellence. The company's extensive infrastructure footprint and diversified business model provide a robust foundation for sustainable distribution growth, particularly as energy infrastructure remains critical for U.S. energy security and transportation needs.

DALLAS--(BUSINESS WIRE)-- Energy Transfer LP (NYSE: ET) today announced an increase in its quarterly cash distribution to $0.3250 per Energy Transfer common unit ($1.30 on an annualized basis) for the fourth quarter ended December 31, 2024.

This cash distribution per Energy Transfer common unit will be paid on February 19, 2025 to unitholders of record as of the close of business on February 7, 2025, and is an increase of 3.2 percent as compared to the fourth quarter of 2023.

In addition, as previously announced, Energy Transfer plans to release earnings for the fourth quarter and full year of 2024 on Tuesday, February 11, 2025, after the market closes. The company will also conduct a conference call on Tuesday, February 11, 2025 at 3:30 p.m. Central Time/4:30 p.m. Eastern Time to discuss quarterly results and provide a company update including an outlook for 2025. The conference call will be broadcast live via an internet webcast, which can be accessed on Energy Transfer’s website at energytransfer.com. The call will also be available for replay on Energy Transfer’s website for a limited time.

Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with more than 130,000 miles of pipeline and associated energy infrastructure. Energy Transfer’s strategic network spans 44 states with assets in all of the major U.S. production basins. Energy Transfer is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (“NGL”) and refined product transportation and terminalling assets; and NGL fractionation. Energy Transfer also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and approximately 21% of the outstanding common units of Sunoco LP (NYSE: SUN), and the general partner interests and approximately 39% of the outstanding common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer LP website at www.energytransfer.com.

Forward Looking Statements

This news release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results, including future distribution levels, are discussed in the Partnership’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.

Qualified Notice

This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that one hundred percent (100%) of Energy Transfer LP’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Energy Transfer LP’s distributions to foreign investors are subject to federal tax withholding at the highest applicable effective tax rate. Nominees, and not Energy Transfer LP, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors. For purposes of Treasury Regulation section 1.1446(f)-4(c)(2)(iii), brokers and nominees should treat one hundred percent (100%) of the distributions as being in excess of cumulative net income for purposes of determining the amount to withhold.

The information contained in this press release is available on our website at energytransfer.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250127780409/en/

Investor Relations:

Bill Baerg

Brent Ratliff

Lyndsay Hannah

214-981-0795

Media Relations:

Vicki Granado

214-840-5820

Source: Energy Transfer LP

FAQ

What is Energy Transfer's (ET) new quarterly distribution for Q4 2024?

Energy Transfer's quarterly distribution for Q4 2024 is $0.3250 per common unit ($1.30 annualized), representing a 3.2% increase from Q4 2023.

When will Energy Transfer (ET) pay its Q4 2024 distribution?

Energy Transfer will pay its Q4 2024 distribution on February 19, 2025, to unitholders of record as of February 7, 2025.

When will Energy Transfer (ET) release its Q4 2024 earnings?

Energy Transfer will release its Q4 and full-year 2024 earnings on Tuesday, February 11, 2025, after market close.

How many miles of pipeline infrastructure does Energy Transfer (ET) operate?

Energy Transfer operates more than 130,000 miles of pipeline and associated energy infrastructure across 44 U.S. states.

What percentage of Sunoco LP does Energy Transfer (ET) own?

Energy Transfer owns approximately 21% of the outstanding common units of Sunoco LP, along with general partner interests and incentive distribution rights.