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 (NYSE: ET) announced a quarterly cash distribution of $0.1525 per common unit for Q3 2020, translating to $0.61 annually. This distribution will be paid on November 19, 2020, to unitholders of record by November 6, 2020. The company will release its earnings on November 4, 2020, and hold a conference call at 4:00 p.m. CT to discuss quarterly results and provide updates. Energy Transfer operates a diversified portfolio of energy assets across the U.S., including natural gas and crude oil operations.
Energy Transfer Operating, L.P. has announced quarterly cash distributions for its preferred units: $0.4609375 for Series C, $0.4765625 for Series D, and $0.4750000 for Series E. These distributions will be paid on November 16, 2020, to unitholders of record as of November 2, 2020. The company operates a diverse portfolio of energy assets across the United States. It also owns interests in Lake Charles LNG Company, Sunoco LP, and USA Compression Partners, LP. The press release includes forward-looking statements and cautions about risks related to commodity prices and the COVID-19 pandemic.
Energy Transfer LP (NYSE: ET) has appointed long-time executives Mackie McCrea and Tom Long as Co-CEOs, effective January 1, 2021. Co-founder Kelcy Warren remains as Executive Chairman, continuing to influence the company’s strategic vision. McCrea brings extensive leadership experience since joining in 1997, while Long has served as CFO since 2016. The leadership transition aims to maintain the company’s success and growth in the energy sector, where it operates one of the largest and most diversified asset portfolios in the U.S.
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.