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.
Sunoco LP (NYSE: SUN) has announced its operational and financial guidance for 2023. The partnership, which distributes motor fuel to about 10,000 locations across more than 40 U.S. states, will participate in the 2022 Wells Fargo Midstream and Utilities Symposium on December 7, 2022. This guidance, available on their website, will address expectations amidst current market uncertainties, including COVID-19 impacts and commodity price fluctuations. Sunoco's general partner is owned by Energy Transfer LP (NYSE: ET).
Energy Transfer LP (NYSE: ET) announced the pricing of its $1.0 billion senior notes due 2028 at 5.550% and $1.5 billion senior notes due 2033 at 5.750%. The public offering prices are set at 99.974% and 99.891% of their face value, respectively, with settlement expected on December 14, 2022. The net proceeds of approximately $2.482 billion will be utilized for repaying outstanding debts and general partnership purposes. This offering is made under an effective shelf registration statement filed with the SEC.
Energy Transfer LP (NYSE: ET) reported a strong financial performance for Q3 2022, with net income attributable to partners of $1.01 billion, up $371 million year-over-year. Adjusted EBITDA increased to $3.09 billion from $2.58 billion. Notably, despite a $126 million legal charge in crude oil services and a $130 million negative adjustment in NGL, the Partnership's Distributable Cash Flow rose to $1.58 billion. Volumes across all core segments increased, reaching record highs in natural gas transportation. The company expects full-year Adjusted EBITDA between $12.8 billion and $13.0 billion.
Sunoco LP (NYSE: SUN) reported its third-quarter results with a net income of $83 million, down from $104 million in Q3 2021. Adjusted EBITDA increased to $276 million from $198 million, driven by higher fuel margins and recent acquisitions. The company sold approximately 2.0 billion gallons of fuel, a 1% increase year-over-year, with a fuel margin of 13.9 cents per gallon. SUN announced a distribution of $0.8255 per unit, expected on November 18, 2022. It also plans to acquire Peerless Oil & Chemicals for $70 million, enhancing its Caribbean operations.
On October 25, 2022, Sunoco LP (NYSE: SUN) announced a quarterly distribution of $0.8255 per common unit for Q3 2022, equating to an annualized $3.3020 per common unit. This distribution will be paid on November 18, 2022, to shareholders of record as of November 4, 2022. Sunoco LP operates in the fuel distribution sector, serving approximately 10,000 locations across more than 40 U.S. states and territories, and is owned by Energy Transfer LP (NYSE: ET).
Energy Transfer LP (NYSE: ET) reported a quarterly cash distribution of
Energy Transfer LP (NYSE: ET) announced quarterly cash distributions for its preferred units. Holders of Series C Preferred Units will receive
Sunoco LP (NYSE: SUN) announced the release of its third quarter 2022 financial and operating results scheduled for November 1, 2022, before market opening. A conference call will occur at 9:00 a.m. CT to discuss these results. The company, which distributes motor fuel to around 10,000 locations across the U.S., is a master limited partnership with operations in refined product transportation. Its general partner is owned by Energy Transfer LP (NYSE: ET).
Energy Transfer LP (NYSE: ET) will report its third-quarter 2022 earnings on
Energy Transfer LP (NYSE: ET) announced the availability of its 2021 Schedule K-3, detailing international tax items. The Schedule K-3 for Enable Midstream Partners, which merged with ET on December 2, 2021, is also available. Unitholders, particularly foreign ones or those needing tax credits, can access the document online at www.energytransfer.com. Energy Transfer will not be mailing copies to investors. For electronic copies, unitholders can contact Tax Package Support.
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