Energy Transfer L P Stock Price, News & Analysis

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.

Sunoco LP (NYSE: SUN) announced the filing of its 2020 Annual Report on Form 10-K on February 19, 2021, with the SEC. The report includes audited financial statements for the fiscal year ending December 31, 2020. Sunoco distributes motor fuel to approximately 10,000 convenience stores and other customers in over 30 states. Shareholders may request a printed version of the report free of charge by contacting the Investor Relations team.

Energy Transfer LP (NYSE: ET) and Energy Transfer Operating, L.P. have filed their annual reports on Form 10-K for the year ending December 31, 2020, with the SEC. These reports are accessible on their website, www.energytransfer.com, alongside other SEC filings. The documents include audited financial statements, available in printed form upon request. Energy Transfer LP owns a diverse energy asset portfolio across major U.S. production basins, focusing on natural gas, crude oil, and NGL operations.

Sunoco LP (SUN) reported its financial results for Q4 and the full year 2020, with net income of $83 million for Q4, unchanged from Q4 2019. Adjusted EBITDA for Q4 was $159 million, down from $168 million. Full-year net income fell to $212 million from $313 million in 2019. However, adjusted EBITDA increased to $739 million, up 11% year-over-year. Fuel volume sold decreased by 12% to 1.8 billion gallons in Q4, with a fuel margin of 9.2 cents per gallon. The Partnership announced a distribution of $0.8255 per unit for Q4 2020, payable on February 19, 2021.

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.