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 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.
Sunoco LP (NYSE: SUN) announced the early tender results for its cash tender offer for all outstanding 4.875% Senior Notes due 2023. As of November 23, 2020, $563,593,000 of the Notes have been validly tendered. The total consideration for each $1,000 of Notes tendered is $1,017.50, including an early tender payment of $30. The offer expires on December 8, 2020. Payment for accepted Notes is anticipated for November 24, 2020. Credit Suisse and Barclays are the lead dealer managers for the offer.
On November 9, 2020, Sunoco LP (NYSE: SUN) announced the removal of the $500 million cap for its cash tender offer for its 4.875% Senior Notes due 2023. The tender offer will now cover all outstanding notes, funded by proceeds from an upsized senior notes offering of $800 million and borrowings from its credit facility. All other terms of the tender offer remain unchanged. Credit Suisse and Barclays are the lead dealer managers, and the press release emphasizes that it does not constitute a notice of redemption or an offer to buy securities.
Sunoco LP (NYSE: SUN) announced a cash tender offer to buy up to $500 million of its outstanding 4.875% Senior Notes due 2023. The tender offer, which will expire on December 8, 2020, is being funded through a proposed $500 million debt securities offering and cash on hand. Holders can receive up to $1,017.50 for each $1,000 principal amount depending on when they tender their notes. If oversubscribed, purchases will occur on a prorated basis. Conditions apply, and the offer may be extended or terminated.