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Energy Transfer L P Stock Price, News & Analysis

ET NYSE

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 L.P. (ET) maintains one of North America's most comprehensive energy infrastructure networks, spanning critical pipeline systems and processing facilities. This dedicated news hub provides stakeholders with direct access to official announcements, operational updates, and strategic developments.

Investors and analysts will find curated press releases covering quarterly earnings, asset expansions, regulatory filings, and partnership agreements. All content is sourced from verified corporate communications and regulatory disclosures, ensuring compliance with financial reporting standards.

The repository organizes updates across key operational areas including natural gas transportation, crude oil logistics, NGL processing, and renewable energy initiatives. Bookmark this page for efficient tracking of infrastructure developments, safety milestones, and market positioning updates that impact ET's role in the energy value chain.

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Sunoco LP (NYSE: SUN) and NuStar Energy Partners, L.P. have announced the availability of their 2023 Schedule K-3s, reflecting items of international tax relevance, for online access. This information is important for specific unitholders including foreign unitholders, those computing a foreign tax credit, and certain corporate and partnership unitholders. SUN Common Unitholders can request an electronic copy via email by calling Tax Package Support at (844) 289-8131. NuStar unitholders can also request their Schedule K-3s by contacting Tax Package Support at the provided numbers. For more details, visit the Sunoco LP website.

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Energy Transfer (NYSE: ET) will acquire WTG Midstream in a $3.25 billion deal, enhancing its gas pipeline and processing network in the Permian Basin. The acquisition includes eight processing plants with a capacity of 1.3 Bcf/d, two new plants under construction, and over 6,000 miles of gas gathering pipelines. The transaction, expected to close in Q3 2024, involves $2.45 billion in cash and 50.8 million newly issued ET common units. It is anticipated to add $0.04 to 2025 DCF per unit, growing to $0.07 by 2027. Regulatory approval is pending.

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Energy Transfer LP (NYSE: ET) reported strong first quarter 2024 results with a net income of $1.24 billion. Adjusted EBITDA was $3.88 billion, seeing an increase in distributable cash flow. Operational highlights included significant growth in volumes across various segments. Financially, Energy Transfer raised its Adjusted EBITDA guidance for 2024 and approved new projects to enhance its operations.

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CapturePoint, based in Allen, Texas, has formalized agreements with Energy Transfer LP for a carbon capture and storage project in Louisiana. The collaboration includes a revised Letter of Intent and a CO2 Offtake Agreement dedicating CO2 from Energy Transfer's facilities to the Central Louisiana Regional Carbon Storage Hub. The project has the capacity to store millions of tons of CO2 annually and is recognized as a key storage site by Energy Transfer. Recent data shows the potential to sequester hundreds of millions of tons of CO2. The project is awaiting permit approvals from the Louisiana Department of Natural Resources.

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Sunoco LP reported record first quarter net income of $230 million and Adjusted EBITDA of $242 million. They increased their full year 2024 Adjusted EBITDA guidance to $1.46 billion to $1.52 billion, including the acquisition of NuStar Energy L.P. The Partnership also raised their quarterly distribution by 4%. They sold over 2.1 billion gallons of fuel in the first quarter of 2024, showing a 9% increase from the previous year. SUN's liquidity stood at approximately $870 million at the end of the quarter, with a leverage ratio of 3.7 times net debt to Adjusted EBITDA. Recent developments include acquisitions in Europe and the completion of a $1.5 billion unsecured notes offering.

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Sunoco LP announced the purchase of NuStar Preferred Units and the full redemption of NuStar Logistics Subordinated Notes. SUN will buy all outstanding units of NuStar's Preferred Units on June 3, 2024, while Logistics will redeem all of its outstanding Subordinated Notes due 2043. The redemption and purchase will be made on the Redemption Date with final cash distributions to holders of the Preferred Units. The redemption price for the Preferred Units and Subordinated Notes will be paid out accordingly.

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Sunoco LP (NYSE: SUN) has completed the acquisition of NuStar Energy L.P., resulting in a 4% increase in its quarterly distribution. The merger enhances Sunoco's stability, credit profile, and financial foundation, with expected synergies and increased cash flow. The transaction is projected to be immediately accretive to distributable cash flow per LP unit, growing over 10% by the third year. Additionally, the Board of Directors declared a quarterly distribution of $0.8756 per common unit, showing continued confidence in future distribution increases.

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Sunoco LP (SUN) and NuStar Energy L.P. (NS) have announced the approval by NuStar unitholders of a merger with Sunoco. Approximately 69% of the outstanding common units of NuStar voted in favor of the transaction. The merger is expected to close on or about May 3, 2024, with NuStar unitholders receiving 0.400 of a Sunoco common unit for each NuStar common unit.

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Sunoco LP (NYSE: SUN) and NuStar Energy L.P. (NYSE: NS) have received approval from NuStar unitholders for their merger. Approximately 69% of NuStar's outstanding common units voted in favor of the transaction. The merger is expected to close on or about May 3, 2024.

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FAQ

What is the current stock price of Energy Transfer L P (ET)?

The current stock price of Energy Transfer L P (ET) is $16.19 as of May 5, 2025.

What is the market cap of Energy Transfer L P (ET)?

The market cap of Energy Transfer L P (ET) is approximately 57.1B.
Energy Transfer L P

NYSE:ET

ET Rankings

ET Stock Data

57.08B
3.06B
7.21%
33.69%
0.82%
Oil & Gas Midstream
Natural Gas Transmission
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United States
DALLAS