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.
CapturePoint LLC has made a final investment decision to advance carbon capture and storage infrastructure at the Central Louisiana Regional Carbon Storage Hub (CENLA Hub). This facility is anticipated to be among the largest carbon sequestration centers in the U.S., capable of securing tens of millions of tons of CO2 annually. The first phase includes capturing CO2 emissions from natural gas processing facilities owned by Energy Transfer (NYSE:ET) in Louisiana. CapturePoint has already secured leases for over 14,000 acres for future expansion and submitted an EPA Class VI permit application for initial CO2 sequestration wells.
Energy Transfer LP (NYSE: ET) has filed its annual report on Form 10-K for the fiscal year ending December 31, 2022, with the SEC. The comprehensive report includes audited financial statements and can be accessed on the company’s website or requested in print by unitholders. Energy Transfer operates a large portfolio of energy assets, comprising around 120,000 miles of pipeline across 41 states. Key holdings include significant interests in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC). Forward-looking statements are included but are subject to various risks and uncertainties.
Energy Transfer LP (NYSE:ET) announced its financial results for Q4 and the year ended December 31, 2022, reporting a net income of $1.16 billion, up $234 million year-over-year. Adjusted EBITDA for the quarter rose to $3.44 billion from $2.81 billion. Distributable Cash Flow also increased to $1.91 billion. The growth is attributed to higher volumes across core segments and the Enable Midstream acquisition. For 2023, Energy Transfer anticipates Adjusted EBITDA between $12.9 billion and $13.3 billion, alongside capital expenditures of $1.6 billion to $1.8 billion aimed at enhancing operational efficiency.
Sunoco LP (NYSE: SUN) reported its fourth quarter results for 2022, revealing a net income of $55 million, down from $100 million in Q4 2021. Adjusted EBITDA increased to $238 million from $198 million year-over-year. The Partnership sold approximately 2.0 billion gallons of fuel in Q4 2022, a 5% increase from the previous year, with fuel margin rising to 12.8 cents per gallon. For the full year, net income totaled $475 million, a decline from $524 million in 2021, while Adjusted EBITDA surged 22% to $919 million. SUN anticipates 2023 Adjusted EBITDA between $850 million and $900 million.
Energy Transfer LP (NYSE: ET) announced a quarterly cash distribution of
Sunoco LP (NYSE: SUN) announced a quarterly distribution of $0.8255 per common unit for Q4 2022, which annualizes to $3.3020. This distribution will be paid on February 21, 2023 to unitholders of record as of February 7, 2023. Sunoco LP operates in the motor fuel distribution sector, servicing approximately 10,000 convenience stores and dealers across over 40 U.S. states. Its general partner is owned by Energy Transfer LP (NYSE: ET). Additionally, all distributions to foreign investors will be subject to federal tax withholding at the highest effective rate as per Treasury Regulation.
Energy Transfer LP (NYSE: ET) announced quarterly cash distributions for its preferred units, set at $0.4609375 for Series C, $0.4765625 for Series D, and $0.4750000 for Series E. Payments will be made on February 15, 2023, to unitholders on record as of February 1, 2023. Energy Transfer LP possesses a diversified energy asset portfolio across major U.S. production basins, including natural gas midstream and transportation assets. The company also has stakes in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC).
Sunoco LP (NYSE: SUN) will announce its fourth quarter and full year 2022 financial results on February 15, 2023, before the market opens. Management will host a conference call at 9:00 a.m. Central Time to discuss the financial outcomes. The company operates in the distribution of motor fuel across approximately 10,000 convenience stores in more than 40 U.S. states.
Energy Transfer LP (NYSE: ET) will release its fourth quarter and full year 2022 earnings on February 15, 2023, after the market closes. A conference call is scheduled for the same day at 3:30 p.m. CT to discuss results and the 2023 outlook. Energy Transfer operates one of the largest and diversified energy asset portfolios in the U.S., with operations in natural gas, crude oil, and NGLs. It also holds significant interests in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC).
Energy Transfer LP (NYSE: ET) announced that its subsidiary, Gulf Run Transmission LLC, has received FERC approval to launch the Gulf Run pipeline. This 135-mile pipeline will transport natural gas from U.S. producing regions to the Gulf Coast, with a capacity of 1.65 Bcf/day. The pipeline connects key natural gas basins, including Haynesville and Permian, enhancing Energy Transfer's extensive pipeline network across 41 states. This move aims to meet increasing domestic and international demand for natural gas.
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