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.
Sunoco LP (NYSE: SUN) reported strong financial results for Q2 2020, achieving a net income of $157 million, up from $55 million in Q2 2019. This increase was aided by a $90 million non-cash inventory adjustment due to rising RBOB prices. Adjusted EBITDA rose to $182 million from $152 million a year ago, driven by improved fuel margins of 13.5 cents per gallon and reduced operating expenses of $97 million. Despite a 26.3% decline in fuel sales volume to 1.5 billion gallons, the Partnership declared a distribution of $0.8255 per unit and maintained solid liquidity of $1.3 billion.
Sunoco LP (NYSE: SUN) announced a quarterly distribution for Q2 2020 of $0.8255 per common unit, equating to an annualized rate of $3.3020. The payment date is August 19, 2020, with record unitholders as of August 7, 2020. The company will release its Q2 financial results after market close on August 5, followed by a management call on August 6 at 8:00 a.m. CT to discuss these results.