Energy Transfer L P Stock Price, News & Analysis

Energy Transfer LP (NYSE: ET) announced quarterly cash distributions for its preferred units. Holders of Series C Preferred Units will receive $0.4609375, Series D will get $0.4765625, and Series E will be paid $0.4750000. These distributions are scheduled for November 15, 2022, to unitholders of record by November 1, 2022. The company maintains a diverse portfolio of energy assets across North America, focusing on natural gas and crude oil transportation, storage, and fractionation.

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 Tuesday, November 1, 2022, after market close. A conference call for discussing the results is scheduled for the same day at 3:30 p.m. CT/4:30 p.m. ET, which will be accessible via their website. Energy Transfer operates a diverse portfolio of energy assets across North America, including natural gas midstream and crude oil transportation. The firm also holds interests in Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC).

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.

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 $0.23 per common unit for Q2 2022, equating to $0.92 annually. This represents a more than 50% increase compared to Q2 2021 and a 15% increase compared to Q1 2022. The distribution payment is scheduled for August 19, 2022, to unitholders recorded by August 8, 2022. Energy Transfer aims to return distributions to a previous level of $0.305 per unit while maintaining a debt-to-EBITDA leverage target of 4.0x-4.5x.