Welcome to our dedicated page for Energy Transfer L P news (Ticker: ET), a resource for investors and traders seeking the latest updates and insights on Energy Transfer L P stock.
Energy Transfer L.P. (ET) maintains one of North America's most comprehensive energy infrastructure networks, spanning critical pipeline systems and processing facilities. This dedicated news hub provides stakeholders with direct access to official announcements, operational updates, and strategic developments.
Investors and analysts will find curated press releases covering quarterly earnings, asset expansions, regulatory filings, and partnership agreements. All content is sourced from verified corporate communications and regulatory disclosures, ensuring compliance with financial reporting standards.
The repository organizes updates across key operational areas including natural gas transportation, crude oil logistics, NGL processing, and renewable energy initiatives. Bookmark this page for efficient tracking of infrastructure developments, safety milestones, and market positioning updates that impact ET's role in the energy value chain.
Energy Transfer LP (NYSE:ET) reported record financial results for Q1 2021, with a net income attributable to partners of $3.29 billion, up $4.14 billion year-over-year. Adjusted EBITDA rose to $5.04 billion, compared to $2.64 billion in Q1 2020. Distributable Cash Flow reached $3.91 billion, up from $1.42 billion. The Q1 performance was aided by robust operational management during February's winter storm. The partnership expects full-year Adjusted EBITDA guidance to be revised to $12.9 billion to $13.3 billion, reflecting a significant financial recovery.
Cushing Asset Management and Swank Capital announced a change to The Cushing® 30 MLP Index. Following a merger agreement between Enable Midstream Partners (ENBL) and Energy Transfer (ET), ENBL common units will cease trading by May 10, 2021. A majority of ENBL unitholders have approved the merger. Consequently, Tellurian Inc (TELL) will replace ENBL in the Index after market close on May 7, 2021. The Index tracks 30 midstream energy companies, calculated by S&P Dow Jones Indices.
Cushing Asset Management and Swank Capital announced a change to the Cushing MLP Market Cap Index on April 30, 2021. Enable Midstream Partners (ENBL) and Energy Transfer (ET) have agreed to merge, pending approval from ENBL unitholders. A majority have already consented, allowing the merger to close as early as May 10, 2021. Consequently, ENBL will be replaced by Global Partners (GLP) in the Index after market close on May 7, 2021. No other constituents of the Index will be affected by this change.
Sunoco LP (NYSE: SUN) announced a quarterly distribution of $0.8255 per common unit for Q1 2021, equating to an annualized rate of $3.3020. The distribution is scheduled for payment on May 19, 2021 to unitholders of record by May 11, 2021. Additionally, the company will release its Q1 2021 financial results on May 6, 2021 before market open, followed by a conference call at 9:00 a.m. CT. Sunoco operates in motor fuel distribution across over 30 states, serving approximately 10,000 retail locations.
Energy Transfer LP (NYSE: ET) announced a quarterly cash distribution of $0.1525 per common unit, consistent with the previous quarter. The distribution, amounting to $0.61 annually, will be paid on May 19, 2021, to unitholders of record by May 11, 2021. Additionally, the company plans to release its first quarter 2021 earnings on May 6, 2021, followed by a conference call at 4:00 p.m. CT to discuss results and updates. Energy Transfer operates a diverse portfolio of energy assets across major U.S. production basins.
Energy Transfer LP (ET) announced quarterly cash distributions of $0.4609375 for Series C, $0.4765625 for Series D, and $0.4750000 for Series E Preferred Units. Payments will occur on May 17, 2021, for unitholders as of May 3, 2021. Following the merger with Energy Transfer Operating, L.P., existing preferred units were converted into new ET preferred units. ET operates a diverse portfolio of energy assets across the U.S., including natural gas and crude oil transportation and storage, and has significant investments in Lake Charles LNG and Sunoco LP.
Energy Transfer (NYSE:ET) celebrates its 25th anniversary as a leading midstream energy provider, boasting over 90,000 miles of pipeline across 38 states and Canada. Founded on April 17, 1996, by Kelcy Warren and Ray Davis, the company has evolved from a small intrastate pipeline business to a Fortune 500 powerhouse, now ranked 59th. Through strategic acquisitions and growth projects, Energy Transfer has diversified its operations beyond natural gas to include crude oil, NGLs, and LNG. The company is recognized for its significant infrastructure milestones in the energy sector.
Energy Transfer (NYSE: ET) and Enable Midstream (NYSE: ENBL) announced the approval of their merger by the two largest Enable unitholders, CenterPoint Energy and OGE Energy, which collectively hold approximately 79% of Enable's common units. While these consents suffice for the merger, Enable is seeking additional approval from all common unitholders. The deal is expected to close in mid-2021, pending standard closing conditions, including regulatory clearance.
Energy Transfer LP (NYSE: ET) and Centurion Pipeline L.P. have announced a joint tariff for crude oil transportation from ET’s terminals in Platteville, Colorado, and Cushing, Oklahoma, to the Nederland, Texas terminal. The service will use existing pipeline assets and is set to begin by June 1, 2021. Potential expansion to include Guernsey, Wyoming, is also mentioned.
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