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The MLP closed deals for Lotus Midstream ($1.5 billion in May 2023), Crestwood Equity Partners ($7.1 billion in November 2023), and WTG Midstream ($3.1 billion in July 2024), which helped enhance ...
Energy Transfer will report its third-quarter earnings after the market closes on Nov. 6. The midstream giant will likely report strong results. The company is coming off an excellent second quarter.
Its recent acquisition of WTG Midstream will add $0.04 to its cash flow per unit this year and $0.07 to ... Energy Transfer offers a roughly 8%-yielding payout expected to grow at a low- to mid ...
Finally, Energy Transfer is a consolidator in the midstream sector. It recently acquired WTG Midstream in a $3.1 billion deal. The highly accretive transaction will boost its cash flow through 2027.
Energy Transfer LP is an American company engaged in the pipeline transportation, storage, and terminaling for natural gas, crude oil, NGLs, refined products and liquid natural gas. It is organized under Delaware state laws and headquartered in Dallas, Texas .
The new guidance reflects its acquisition of WTG Midstream and the outperformance of its base business. It notes that the forecast includes $100 million of transaction costs associated with the deal.
It acquired WTG Midstream in July. The MLP expects that highly accretive deal to increase its distributable cash flow by $0.04 per unit this year, increasing to $0.07 by 2027.
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.