Energy Transfer L P Stock Price, News & Analysis

Energy Transfer LP (NYSE:ET) announced its financial results for Q4 and FY 2020, reporting net income attributable to partners of $509 million and an adjusted EBITDA of $2.59 billion for the quarter. The partnership's distributable cash flow stood at $1.36 billion. Notably, ET executed key operational expansions, including the loading of the world's largest Very Large Ethane Carrier. Financially, ET aims for 2021 adjusted EBITDA in the range of $10.6 billion to $11.0 billion and announced a quarterly distribution of $0.1525 per unit.

OGE Energy Corp. supports the merger between Energy Transfer LP and Enable Midstream Partners LP, enhancing its position as a pure-play electric utility. The merger will allow OGE to exit its midstream investment and focus on its electric infrastructure, with expectations of increased liquidity and shareholder value. Energy Transfer will acquire Enable's LP units at a 0.8595x exchange ratio, and OGE will receive $30 million from CenterPoint Energy. Financial details will be discussed in an upcoming earnings call on February 25, 2021.

Energy Transfer LP (ET) has announced a definitive merger agreement to acquire Enable Midstream Partners, LP (ENBL) in an all-equity transaction valued at approximately $7.2 billion. Unitholders of Enable will receive 0.8595 ET common units for each Enable common unit, maintaining an at-the-market transaction price. The merger is expected to enhance Energy Transfer's asset footprint, particularly in the NGL sector, and is projected to be immediately accretive to free cash flow. The transaction has received board approvals and is expected to close by mid-2021.

Energy Transfer LP (NYSE: ET) has established a new Alternative Energy Group aimed at enhancing its renewable energy initiatives. Under the leadership of Tom Mason, the group will explore projects including solar and wind farms and renewable diesel and natural gas opportunities. Their first project, the Maplewood 2 Solar Project, is a 28 MW solar facility in West Texas, expected to be operational in Q2. Energy Transfer has significantly reduced greenhouse emissions, notably achieving a reduction of over 632,000 tons of CO2 in 2020 through its innovative technology.

Sunoco LP (NYSE: SUN) has declared a quarterly distribution of $0.8255 per common unit for Q4 2020, equivalent to $3.3020 annually. This distribution will be paid on February 19, 2021, to unitholders of record by February 8, 2021. Additionally, the company will publish its Q4 2020 financial results on February 17, followed by a conference call on February 18 at 8:00 a.m. Central Time. Sunoco operates in fuel distribution across over 30 states, serving thousands of customers.

Energy Transfer LP (NYSE: ET) has declared a quarterly cash distribution of $0.1525 per common unit ($0.61 annualized) for Q4 2020, consistent with Q3 distributions. The payout is set for February 19, 2021, for unitholders recorded by February 8, 2021. Additionally, ET will announce its Q4 and full-year 2020 earnings on February 17, 2021, post-market, followed by a conference call at 4:00 PM CT. The session will offer insights on quarterly performance and an outlook for 2021.

Energy Transfer Operating, L.P. has declared quarterly cash distributions for its preferred units: $0.4609375 for Series C, $0.4765625 for Series D, and $0.4750000 for Series E. These payments are due on February 16, 2021, to unitholders recorded by February 1, 2021. The company operates a vast diversified portfolio of energy assets across key U.S. basins, including natural gas midstream and transportation. It also holds interests in Lake Charles LNG Company and Sunoco LP, among others. For more details, visit energytransfer.com.

Energy Transfer LP (NYSE: ET) has announced the maiden voyage of the Seri Everest, the world’s largest Very Large Ethane Carrier (VLEC). Loaded with over 911,000 barrels of ethane, the vessel departed from Energy Transfer's Nederland Terminal on January 17, 2021, bound for Satellite Petrochemical's ethane cracker in China. This shipment marks the largest single ethane delivery to date. The joint venture with Satellite enables Energy Transfer to leverage significant export capacity, accounting for over 50% of U.S. waterborne exports.

Energy Transfer LP (NYSE: ET) has appointed Bradford D. Whitehurst as Chief Financial Officer, effective immediately. Whitehurst, who has 20 years of experience, previously served as Executive Vice President and Head of Tax. He joined Energy Transfer in 2014 and also manages IT and Business Optimization divisions. Whitehurst is a law graduate from Duke University and has held several leadership roles, including membership in the Investment Committee. Co-CEO Tom Long praised his strategic counsel, highlighting his involvement in significant M&A transactions.