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Energy Transfer Announces Increase in Quarterly Cash Distribution

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Energy Transfer LP (NYSE: ET) has announced a quarterly cash distribution increase to $0.3225 per common unit ($1.29 annualized) for Q3 2024, representing a 3.2% increase compared to Q3 2023. The distribution will be paid on November 19, 2024, to unitholders of record as of November 8, 2024. The company will release Q3 2024 earnings on November 6, 2024, after market close, followed by a conference call at 3:30 p.m. Central Time. Energy Transfer operates one of the largest energy asset portfolios in the US, with over 130,000 miles of pipeline across 44 states.

Energy Transfer LP (NYSE: ET) ha annunciato un aumento della distribuzione di contante trimestrale a $0.3225 per unità comune (annualizzato $1.29) per il terzo trimestre del 2024, rappresentando un incremento del 3,2% rispetto al terzo trimestre del 2023. La distribuzione sarà pagata il 19 novembre 2024 agli azionisti registrati al 8 novembre 2024. L'azienda pubblicherà i risultati del terzo trimestre del 2024 il 6 novembre 2024, dopo la chiusura del mercato, seguita da una conferenza telefonica alle 15:30 ora centrale. Energy Transfer gestisce uno dei più grandi portafogli di asset energetici negli Stati Uniti, con oltre 130.000 miglia di oleodotti in 44 stati.

Energy Transfer LP (NYSE: ET) ha anunciado un aumento en la distribución trimestral de efectivo a $0.3225 por unidad común (anualizado $1.29) para el tercer trimestre de 2024, lo que representa un incremento del 3.2% en comparación con el tercer trimestre de 2023. La distribución se pagará el 19 de noviembre de 2024 a los tenedores de unidades registrados hasta el 8 de noviembre de 2024. La empresa publicará sus ganancias del tercer trimestre de 2024 el 6 de noviembre de 2024, después del cierre del mercado, seguida de una llamada de conferencia a las 3:30 p.m. Hora Central. Energy Transfer opera uno de los más grandes portafolios de activos energéticos en EE.UU., con más de 130,000 millas de oleoductos en 44 estados.

Energy Transfer LP (NYSE: ET)는 2024년 3분기에 대한 현금 배당금을 $0.3225로 증가시켰다고 발표했습니다(연간 $1.29), 이는 2023년 3분기 대비 3.2% 증가한 수치입니다. 배당금은 2024년 11월 19일에 2024년 11월 8일 기준 유닛 보유자에게 지급될 예정입니다. 회사는 2024년 11월 6일 시장 종료 후 2024년 3분기 실적을 발표하고, 오후 3시 30분 시간대에 컨퍼런스 콜이 이어질 예정입니다. Energy Transfer는 미국에서 130,000마일 이상의 파이프라인을 가진 가장 큰 에너지 자산 포트폴리오 중 하나를 운영하고 있습니다.

Energy Transfer LP (NYSE: ET) a annoncé une augmentation de la distribution trimestrielle de liquidités à $0.3225 par unité commune (soit $1.29 annualisé) pour le 3ème trimestre 2024, représentant une augmentation de 3,2% par rapport au 3ème trimestre 2023. La distribution sera versée le 19 novembre 2024 aux détenteurs d'unités inscrits au 8 novembre 2024. L'entreprise publiera les résultats du 3ème trimestre 2024 le 6 novembre 2024, après la fermeture du marché, suivis d'une conférence téléphonique à 15h30, heure centrale. Energy Transfer possède l'un des plus grands portefeuilles d'actifs énergétiques aux États-Unis, avec plus de 130 000 miles de pipelines à travers 44 États.

Energy Transfer LP (NYSE: ET) hat eine Erhöhung der vierteljährlichen Barausschüttung auf $0.3225 pro Stammaktie (annualisiert $1.29) für das 3. Quartal 2024 bekannt gegeben, was einem 3,2% Anstieg im Vergleich zum 3. Quartal 2023 entspricht. Die Ausschüttung wird am 19. November 2024 an die Aktionäre ausgezahlt, die bis zum 8. November 2024 eingetragen sind. Das Unternehmen wird am 6. November 2024 nach Börsenschluss die Ergebnisse des 3. Quartals 2024 veröffentlichen, gefolgt von einer Telefonkonferenz um 15:30 Uhr Central Time. Energy Transfer betreibt eines der größten Energieanlagenportfolios in den USA mit über 130.000 Meilen Pipeline in 44 Bundesstaaten.

Positive
  • Increased quarterly distribution by 3.2% year-over-year
  • Extensive infrastructure network covering 44 states
  • Diversified portfolio with 130,000+ miles of pipeline
  • Strategic ownership in Sunoco LP (21%) and USA Compression Partners (39%)
Negative
  • None.

Insights

The 3.2% distribution increase to $0.3225 per unit quarterly ($1.29 annualized) demonstrates ET's commitment to returning value to unitholders and reflects strong operational performance. This midstream energy giant's extensive infrastructure network spanning 44 states provides stable cash flows from diverse revenue streams. The distribution hike, while modest, is supported by ET's robust asset base including 130,000 miles of pipeline and strategic positions in major U.S. production basins. The company's ownership stakes in SUN (21%) and USAC (39%) further diversify income streams. With current market conditions favorable for midstream operators, the increased distribution signals management's confidence in sustained cash flow generation.

DALLAS--(BUSINESS WIRE)-- Energy Transfer LP (NYSE: ET) today announced an increase in its quarterly cash distribution to $0.3225 per Energy Transfer common unit ($1.29 on an annualized basis) for the third quarter ended September 30, 2024.

This cash distribution per Energy Transfer common unit will be paid on November 19, 2024 to unitholders of record as of the close of business on November 8, 2024, and is an increase of 3.2 percent as compared to the third quarter of 2023.

In addition, as previously announced, Energy Transfer plans to release earnings for the third quarter of 2024 on Wednesday, November 6, 2024, after the market closes. The company will also conduct a conference call on Wednesday, November 6, 2024 at 3:30 p.m. Central Time/4:30 p.m. Eastern Time to discuss quarterly results and provide a company update. 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.

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 amount for Q3 2024?

Energy Transfer's quarterly distribution for Q3 2024 is $0.3225 per common unit ($1.29 on an annualized basis).

When will Energy Transfer (ET) pay its Q3 2024 distribution?

Energy Transfer will pay its Q3 2024 distribution on November 19, 2024, to unitholders of record as of November 8, 2024.

How much did Energy Transfer (ET) increase its distribution compared to Q3 2023?

Energy Transfer increased its distribution by 3.2% compared to the third quarter of 2023.

When will Energy Transfer (ET) release its Q3 2024 earnings?

Energy Transfer will release its Q3 2024 earnings on Wednesday, November 6, 2024, after market close.

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