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There are currently a lot of attractive projects in the midstream space, with both Energy Transfer and Enterprise Products Partners among the companies announcing they are boosting their growth ...
Energy Transfer (NYSE: ET) has had a strong 2024, with its stock price up about 40% as of this writing. Energy Transfer has created one of the largest integrated midstream systems in the U.S. It ...
Energy Transfer closed its $1.5 billion acquisition of Lotus Midstream last May and followed it up with its $7.1 billion merger with fellow MLP Crestwood Equity Partners in November.
However, it still trades at a bottom-of-the-barrel valuation compared to its peers in the midstream sector: That dirt cheap valuation is why Energy Transfer has a high distribution yield of 6.4%.
Energy Transfer (NYSE: ET) is giving its investors another raise. The master limited partnership (MLP) is increasing its quarterly cash distribution to $0.325 per unit, or $1.30 annualized.
In October 2018, Energy Transfer Equity completed its acquisition of Energy Transfer Partners, simplifying the partnership as one operating entity known as Energy Transfer LP. [14] In September 2019, the company acquired SemGroup for $5 billion. [15] In January 2020, former Energy Secretary Rick Perry rejoined the company's board. [16]
Units of Energy Transfer (NYSE: ET) surged 42% in 2024, according to data provided by S&P Global Market Intelligence. Add in its lucrative cash distributions (and assume reinvestment), and Energy ...
DCF attributable to the partners of Energy Transfer, as adjusted, was $1.99 billion, consistent with the third quarter of last year. And for the first nine months of 2024, we spent approximately ...