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Energy Transfer LP Announces Cash Distribution on Series I Preferred Units

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Energy Transfer LP (ET) has declared a quarterly cash distribution of $0.2111 per Series I Preferred Unit. The distribution will be paid on November 14, 2024, to Series I unitholders of record as of November 4, 2024. The company operates one of America's largest energy asset portfolios, including 130,000 miles of pipeline across 44 states. ET owns significant stakes in Sunoco LP (21%) and USA Compression Partners (39%), along with extensive infrastructure for natural gas, crude oil, and NGL operations.

Energy Transfer LP (ET) ha dichiarato una distribuzione di cassa trimestrale di 0,2111 $ per ciascuna Unità Preferita di Serie I. La distribuzione sarà effettuata il 14 novembre 2024, agli unitholder di Serie I registrati entro il 4 novembre 2024. L'azienda gestisce uno dei portafogli di asset energetici più grandi d'America, che include 130.000 miglia di pipeline attraverso 44 stati. ET possiede partecipazioni significative in Sunoco LP (21%) e USA Compression Partners (39%), insieme a un'ampia infrastruttura per operazioni di gas naturale, petrolio greggio e NGL.

Energy Transfer LP (ET) ha declarado una distribución de efectivo trimestral de 0,2111 $ por cada Unidad Preferida de la Serie I. La distribución se pagará el 14 de noviembre de 2024, a los titulares de unidades de la Serie I registrados hasta el 4 de noviembre de 2024. La compañía opera uno de los portfolios de activos energéticos más grandes de Estados Unidos, que incluye 130,000 millas de tuberías en 44 estados. ET posee participaciones significativas en Sunoco LP (21%) y USA Compression Partners (39%), junto con una infraestructura amplia para las operaciones de gas natural, petróleo crudo y NGL.

Energy Transfer LP (ET)시리즈 I 우선주당 0.2111 달러의 분기 현금 배당금을 발표했습니다. 이 배당금은 2024년 11월 14일에 2024년 11월 4일 기준으로 등록된 시리즈 I 유닛 보유자에게 지급됩니다. 이 회사는 미국에서 가장 큰 에너지 자산 포트폴리오 중 하나를 운영하며, 130,000마일의 파이프라인을 44개 주에서 운영하고 있습니다. ET는 Sunoco LP(21%) 및 USA Compression Partners(39%)에서 상당한 지분을 보유하고 있으며, 천연가스, 원유 및 NGL 운영을 위한 광범위한 인프라 또한 갖추고 있습니다.

Energy Transfer LP (ET) a déclaré une distribution de trésorerie trimestrielle de 0,2111 $ par unité préférée de série I. La distribution sera versée le 14 novembre 2024, aux détenteurs d'unités de série I inscrits au 4 novembre 2024. L'entreprise gère l'un des plus grands portefeuilles d'actifs énergétiques aux États-Unis, comprenant 130 000 miles de pipeline répartis sur 44 États. ET détient des participations significatives dans Sunoco LP (21 %) et USA Compression Partners (39 %), ainsi qu'une vaste infrastructure pour les opérations de gaz naturel, de pétrole brut et de NGL.

Energy Transfer LP (ET) hat eine vierteljährliche Barauszahlung von 0,2111 $ pro Serie I Vorzugsanteil erklärt. Die Auszahlung erfolgt am 14. November 2024 an die Inhaber von Serie I Anteilen, die bis zum 4. November 2024 registriert sind. Das Unternehmen betreibt eines der größten Energie-Asset-Portfolios Amerikas, einschließlich 130.000 Meilen Pipeline über 44 Bundesstaaten. ET hält bedeutende Anteile an Sunoco LP (21%) und USA Compression Partners (39%) sowie umfangreiche Infrastrukturen für Erdgas-, Rohöl- und NGL-Betriebe.

Positive
  • Maintains consistent quarterly distribution to Series I preferred unitholders
  • Extensive infrastructure network covering 44 states
  • Diversified portfolio of energy assets
  • Strategic ownership stakes in Sunoco LP (21%) and USA Compression Partners (39%)
Negative
  • None.

Insights

This routine quarterly preferred unit distribution announcement, while important for preferred unitholders, has minimal market impact. The $0.2111 per Series I Preferred Unit distribution maintains the status quo and represents no change in ET's financial commitments. For context, Energy Transfer's robust infrastructure portfolio and diversified revenue streams continue to support its distribution obligations, but this specific news doesn't signal any meaningful shift in company performance or strategy.

DALLAS--(BUSINESS WIRE)-- Energy Transfer LP (“ET”) today announced the quarterly cash distribution of $0.2111 per Series I Preferred Unit (NYSE: ETprI).

The cash distribution for the Series I unitholders will be paid on November 14, 2024 to Series I unitholders of record as of the close of business on November 4, 2024.

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 and leverage ratio, 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 www.energytransfer.com.

Contacts

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) latest preferred unit distribution amount?

Energy Transfer (ET) announced a quarterly cash distribution of $0.2111 per Series I Preferred Unit.

When will Energy Transfer (ET) pay its Series I preferred distribution for 2024?

Energy Transfer will pay the Series I preferred distribution on November 14, 2024, to unitholders of record as of November 4, 2024.

How many miles of pipeline does Energy Transfer (ET) operate?

Energy Transfer operates more than 130,000 miles of pipeline and associated energy infrastructure across 44 U.S. states.

What percentage of Sunoco LP does Energy Transfer (ET) own?

Energy Transfer owns approximately 21% of the outstanding common units of Sunoco LP, along with general partner interests and incentive distribution rights.

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