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) announced a 20-year LNG Sale and Purchase Agreement with Shell NA LNG LLC for its Lake Charles LNG project, supplying 2.1 million tonnes of LNG per annum, starting in 2026. This agreement is part of a broader strategy, increasing total contracted LNG from the facility to nearly 8 million tonnes per annum. The project, which utilizes an existing regasification facility, has received all necessary permits and demonstrates Energy Transfer's commitment to meet global LNG demand.
Energy Transfer LP (NYSE: ET) has successfully completed the sale of its 51% interest in Energy Transfer Canada ULC to a joint venture involving Pembina Pipeline Corporation and KKR-managed global infrastructure funds. This transaction aims to enhance Energy Transfer's balance sheet by promoting deleveraging and redeploying capital within its U.S. operations, which feature a diverse portfolio of energy assets.
CapturePoint Solutions LLC, a subsidiary of CapturePoint, has partnered with Energy Transfer (NYSE: ET) to explore CO2 capture from Haynesville Shale natural gas facilities for sequestration in the Central Louisiana Regional Carbon Storage Hub. This initiative aims to establish one of the largest carbon storage centers in the U.S., with capacity to store millions of tons of CO2 annually. A feasibility study is planned for 2022 to assess commercial viability, potentially leading to a groundbreaking joint venture.
Energy Transfer LP (NYSE:ET) reported robust financial results for Q2 2022, showing a net income of $1.33 billion, a $700 million increase year-over-year. Adjusted EBITDA rose to $3.23 billion, up from $2.62 billion in Q2 2021. The company also announced a quarterly cash distribution of $0.23 per unit, reflecting a 50% increase from the previous year. With ongoing construction of new facilities and strong demand in the Permian Basin, Energy Transfer expects full-year Adjusted EBITDA between $12.6 billion and $12.8 billion.
Energy Transfer LP (NYSE: ET) announced a quarterly cash distribution of
On July 26, 2022, Sunoco LP (NYSE: SUN) announced a quarterly distribution of $0.8255 per common unit for Q2 2022, translating to an annualized rate of $3.3020. This distribution will be disbursed on August 19, 2022, to unitholders recorded by August 8, 2022. Sunoco operates a vast network, distributing motor fuel to around 10,000 locations across over 40 U.S. states and territories, supported by refined product transportation assets. The general partner is owned by Energy Transfer LP (NYSE: ET).
Energy Transfer LP (ET) has announced its quarterly cash distributions for Series C, D, and E Preferred Units. The payments are
Sunoco LP (NYSE: SUN) will release its Q2 2022 financial results on August 3, 2022, before the market opens. A conference call to discuss the results is scheduled for 9:00 a.m. CT (10:00 a.m. ET) on the same day. Investors can join the call by dialing 877-407-6184 or through a webcast available on the company's Investor Relations website. Sunoco operates in the distribution of motor fuel across approximately 10,000 locations in over 40 U.S. states.
Energy Transfer LP (NYSE: ET) will announce its second-quarter earnings on August 3, 2022, after market close. A conference call will follow at 3:30 p.m. CT to discuss results and provide updates. Energy Transfer operates a large, diversified energy asset portfolio across major U.S. production basins, including natural gas and crude oil transportation and storage. The company also holds interests in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC). Further details and the webcast can be accessed on energytransfer.com.
Energy Transfer has entered a significant 25-year LNG Sale and Purchase Agreement with China Gas, marking the latter's first long-term LNG contract. This deal involves supplying 0.7 million tonnes of LNG annually, starting in 2026, with prices linked to the Henry Hub benchmark. This agreement increases Energy Transfer's contracted LNG from the Lake Charles LNG facility to nearly 6 million tonnes per annum. The project has secured all necessary construction permits and aims to achieve a Final Investment Decision (FID) later this year.
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