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 LP (NYSE: ET) is a publicly traded limited partnership that owns and operates a large portfolio of U.S. energy infrastructure, including approximately 140,000 miles of pipeline and associated assets across 44 states. Its core operations span natural gas midstream, intrastate and interstate transportation and storage, and crude oil, natural gas liquids (NGL) and refined product transportation and terminalling, along with NGL fractionation.
The ET news feed highlights company announcements that matter to unitholders and market followers. These include earnings release dates and conference call details, outlook updates for capital investment and Adjusted EBITDA, and information on major growth projects such as expansions of natural gas pipeline capacity. News items also cover decisions about capital allocation, such as the suspension of specific development projects in favor of other pipeline opportunities.
Because Energy Transfer is active in the capital markets, news often features the pricing and completion of senior note and junior subordinated note offerings, along with stated uses of proceeds for refinancing existing indebtedness and funding general partnership purposes. Updates on quarterly cash distributions and related announcements from Form 8-K filings also appear in the news flow.
Energy Transfer’s ownership of general partner interests and common units in Sunoco LP and USA Compression Partners, LP means that some news may reference developments at these affiliated entities, particularly where Energy Transfer’s governance or economic interests are involved. Investors and analysts can use this page to follow regulatory disclosures, project updates and financial communication that the partnership releases through press statements and SEC-referenced materials.
Energy Transfer (NYSE: ET) has joined The Environmental Partnership, a coalition of nearly 100 energy companies focused on enhancing environmental performance. This initiative aims to reduce emissions through advanced technology and best practices. Energy Transfer operates over 90,000 miles of pipelines and plans to increase renewable energy usage, including the Maplewood 2 Solar farm. The company also utilizes Dual Drive compressors to lower emissions. Approximately 20% of their daily energy consumption comes from renewable sources, highlighting their commitment to sustainability.
Sunoco LP (NYSE: SUN) has announced its acquisition of nine refined product terminals for a total of $255.5 million. The acquisitions include terminals from NuStar Energy L.P. and Cato, Incorporated, significantly expanding SUN's midstream operations. This strategic move enhances SUN's fuel distribution capabilities while maintaining its financial leverage targets. The deal is expected to be accretive to unitholders upon closing in Q4 2021. The acquired terminals, primarily located on the East Coast and in the Midwest, have a combined storage capacity of approximately 14.8 million barrels.
Energy Transfer LP (NYSE: ET) announced a quarterly cash distribution of $0.1525 per common unit for Q2 2021, consistent with Q1. The annualized distribution equates to $0.61 and will be paid on August 19, 2021 to unitholders on record as of August 6, 2021. Additionally, the company plans to release its Q2 earnings on August 3, 2021, followed by a conference call at 3:30 PM CT to discuss results. ET operates a diversified portfolio in energy assets across major U.S. production basins.
Energy Transfer LP (ET) has announced quarterly cash distributions for its preferred units, amounting to $0.4609375 for Series C, $0.4765625 for Series D, and $0.4750000 for Series E. These distributions will be paid on August 16, 2021, to unitholders recorded by August 2, 2021. Following the merger with Energy Transfer Operating, L.P., unitholders converted their preferred units to ET units. ET operates a diverse energy asset portfolio, including natural gas midstream and transportation assets, and is publicly traded.
The Republic of Panama and Energy Transfer LP (NYSE: ET) have signed a Memorandum of Understanding (MOU) to study the feasibility of the Trans-Panama Gateway Pipeline project. This non-binding MOU aims to expand Energy Transfer's operations into new markets and positions Panama as a potential distribution center for petroleum products. The project includes constructing terminals on both sides of Panama connected by a pipeline for liquefied petroleum gas (LPG) transportation and export. Final decisions will depend on feasibility studies and economic analyses.
Energy Transfer LP (ET) has priced a public offering of 900,000 of its 6.500% Series H Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units at $1,000 each, raising total proceeds of $900 million before expenses. Distributions will be paid semi-annually and will accumulate to November 15, 2026, then vary based on the Five-year U.S. Treasury Rate plus a spread of 5.694%. The offering is expected to close around June 15, 2021, with proceeds directed towards repaying debt and general partnership purposes.
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.
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