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Energy Transfer LP Common Units representing limited partner interests - ET STOCK NEWS

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.

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Sunoco LP (NYSE: SUN) announced its participation in the Energy Infrastructure Council Investor Conference. The Partnership will participate in meetings with members of the investment community on May 23 and May 24, 2023.
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On April 26, 2023, Sunoco LP (NYSE: SUN) announced a quarterly distribution for Q1 2023 of $0.8420 per common unit, equating to $3.368 annually. This distribution will be paid on May 22, 2023 to unitholders of record on May 8, 2023. The board stated that future distributions will be assessed annually in the first quarter based on SUN's financial goals and growth prospects. Sunoco LP operates a vast distribution network servicing approximately 10,000 convenience stores and other clients across the U.S., and it is linked with Energy Transfer LP (NYSE: ET), which owns its general partner.

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Energy Transfer LP (NYSE: ET) has announced a quarterly cash distribution of $0.3075 per common unit for Q1 2023, up from $0.305 in Q4 2022. This distribution amounts to $1.23 on an annualized basis and will be paid on May 22, 2023. Unitholders of record as of May 8, 2023 will be eligible. The company anticipates ongoing quarterly increases of $0.0025, targeting a 3% to 5% annual growth rate in distributions. Additionally, earnings for the first quarter will be released on May 2, 2023, followed by a conference call at 3:30 p.m. CT. Energy Transfer operates approximately 120,000 miles of pipelines across 41 states, with significant interests in Sunoco LP (NYSE: SUN) and USA Compression Partners LP (NYSE: USAC).

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Energy Transfer LP (NYSE: ET) announced quarterly cash distributions for its Series C, D, and E Preferred Units. Unitholders will receive $0.4609375 for Series C, $0.4765625 for Series D, and $0.4750000 for Series E, payable on May 15, 2023, to those on record by May 1, 2023. Energy Transfer operates one of the U.S.'s largest energy asset portfolios, with 120,000 miles of pipelines across 41 states. Its operations encompass natural gas midstream, crude oil, and NGL transportation and storage. The company also holds significant interests in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC). Investors should note that distributions to foreign investors are subject to federal tax withholding.

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Sunoco LP (NYSE: SUN) has announced the release of its first quarter 2023 financial and operational results, scheduled for May 2, 2023, before market opening. A conference call will follow on the same day at 9:00 a.m. CT to discuss these results. Sunoco is a master limited partnership engaged in motor fuel distribution to around 10,000 convenience stores and commercial entities across more than 40 U.S. states. Its general partner is owned by Energy Transfer LP (NYSE: ET).

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Energy Transfer LP (NYSE: ET) plans to release its earnings for Q1 2023 on May 2, 2023, after market close. A conference call will follow on the same day at 3:30 PM Central Time to discuss quarterly results and offer updates. The discussion will be accessible via a live webcast on Energy Transfer’s website.

Energy Transfer possesses a vast energy asset portfolio in the U.S., featuring approximately 120,000 miles of pipeline across 41 states. Key operations include natural gas midstream, crude oil, and refined product transportation. The company holds significant stakes in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC).

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Lotus Midstream has signed a definitive agreement to sell itself to Energy Transfer LP (NYSE: ET) for approximately $1.45 billion. The transaction is expected to close in Q2 2023, pending regulatory approval. Lotus Midstream, based in Sugar Land, Texas, operates a significant crude oil gathering and transportation system from the Permian Basin to Cushing and Gulf Coast markets. The company, backed by EnCap Flatrock Midstream, has transformed its business model since its partnership began in 2018, focusing on integrated transportation networks. This acquisition is a noteworthy move for Energy Transfer in enhancing its midstream assets.

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FAQ

What is the current stock price of Energy Transfer LP Common Units representing partner interests (ET)?

The current stock price of Energy Transfer LP Common Units representing partner interests (ET) is $18.86 as of December 20, 2024.

What is the market cap of Energy Transfer LP Common Units representing partner interests (ET)?

The market cap of Energy Transfer LP Common Units representing partner interests (ET) is approximately 63.7B.

What is Energy Transfer LP?

Energy Transfer LP (NYSE: ET) is a Texas-based energy company that operates one of the largest and most diversified portfolios of energy assets in the United States.

What types of energy assets does Energy Transfer own?

Energy Transfer owns natural gas, natural gas liquids (NGLs), refined products, and crude oil pipelines, as well as gathering and processing facilities and fractionation plants.

When was Energy Transfer founded?

Energy Transfer was founded in 1995 as a small intrastate natural gas pipeline operator.

What recent acquisitions has Energy Transfer made?

In April 2024, Energy Transfer's subsidiary Sunoco LP acquired liquid fuels terminals from Zenith Energy and divested 204 convenience stores to 7-Eleven, Inc.

How has Energy Transfer's pipeline network grown over the years?

Energy Transfer's pipeline network has expanded from about 200 miles in 2002 to approximately 71,000 miles, covering various energy products.

What financial performance did Energy Transfer achieve in Q1 2024?

In Q1 2024, Energy Transfer reported a net income of $230 million and an Adjusted EBITDA of $242 million.

What are some of Energy Transfer's key assets?

Key assets include the Lake Charles gas liquefaction facility and one of the largest fractionation facilities in the U.S.

Who owns Sunoco LP's general partner?

Sunoco LP's general partner is owned by Energy Transfer LP (NYSE: ET).

What strategic positions has Energy Transfer acquired recently?

Energy Transfer recently acquired Zenith Energy Netherlands Amsterdam B.V., enhancing its strategic position within the Port of Amsterdam and Europe's energy market.

What is the leverage ratio of Energy Transfer?

As of the end of Q1 2024, Energy Transfer's leverage ratio of net debt to Adjusted EBITDA was 3.7 times.

Energy Transfer LP Common Units representing limited partner interests

NYSE:ET

ET Rankings

ET Stock Data

63.74B
3.05B
10.08%
33.31%
0.91%
Oil & Gas Midstream
Natural Gas Transmission
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United States of America
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