Energy Transfer Equity - US-Pipeline MLP General Partner

[Dietlinde38]

Interessante Aktie; hier stimmt viel, was Fundamentaldaten angeht. Nebenbei noch eine hübsche Dividende.

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Rock 'n' roll:

27.3.
Energy Transfer to Acquire Lotus Midstream in a $1.45 Billion Transaction
https://www.businesswire.com/news/home/20230327005340/en/

Lotus Midstream Owns and Operates Centurion Pipeline, a fully Integrated Crude Pipeline and Terminal System in the Permian Basin

• Enhances Energy Transfer’s crude pipeline footprint across the Permian Basin
• Adds ~3,000 miles of crude gathering and transportation pipelines that extend from Southeast New Mexico across the Permian Basin of West Texas to Cushing, Oklahoma
• Increases Energy Transfer’s storage capacity in Midland, Texas by ~2 million barrels
• Includes a 5% equity interest in the Wink to Webster Pipeline
• Accretive to free cash flow as well as distributable cash flow per unit
• Structured to continue positive financial momentum and improving leverage ratios
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https://ir.energytransfer.com/news-releases/news-release-det…


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mehr Geld:

26.1.
Energy Transfer Announces Increase in Quarterly Cash Distribution
https://www.wallstreet-online.de/nachricht/16477219-energy-t…
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Energy Transfer LP (NYSE: ET) today announced a quarterly cash distribution of $0.305 per Energy Transfer common unit ($1.22 on an annualized basis) for the fourth quarter ended December 31, 2022, which will be paid on February 21, 2023 to unitholders of record as of the close of business on February 7, 2023.

The distribution per unit is an approximate 75 percent increase over the fourth quarter of 2021 and is a 15 percent increase over the third quarter of 2022.

This distribution increase represents another step in Energy Transfer’s plan to return additional value to unitholders while maintaining its target leverage ratio of 4.0x-4.5x debt-to-EBITDA. Future distributions will be evaluated, while balancing the partnership’s leverage target, growth opportunities and unit buy-backs.
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3.8.
Energy Transfer Reports Strong Second Quarter 2022 Results and Increases 2022 Full Year Outlook
https://www.wallstreet-online.de/nachricht/15777120-energy-t…
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Energy Transfer reported net income attributable to partners for the three months ended June 30, 2022 of $1.33 billion, a $700 million increase from the same period last year. For the three months ended June 30, 2022, net income per limited partner unit (basic) was $0.40 per unit.

Adjusted EBITDA for the three months ended June 30, 2022 was $3.23 billion compared to $2.62 billion for the three months ended June 30, 2021.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended June 30, 2022 was $1.88 billion compared to $1.39 billion for the three months ended June 30, 2021.

For the second quarter 2022, Energy Transfer had higher transportation volumes across all of its segments and a full quarter contribution from the Enable Midstream assets that were acquired in December 2021.
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2.5.
Energy Transfer Signs LNG Sale and Purchase Agreement With Gunvor
https://ir.energytransfer.com/news-releases/news-release-det…
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Energy Transfer LP (NYSE: ET) and Gunvor Group Ltd today announced that Gunvor Singapore Pte Ltd (Gunvor) has entered into an LNG Sale and Purchase Agreement with Energy Transfer LNG Export, LLC (Energy Transfer LNG), a subsidiary of Energy Transfer LP, related to its Lake Charles LNG project.
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Under the SPA, Energy Transfer LNG will supply 2 million tonnes of LNG per annum to Gunvor on a free-on-board (FOB) basis. The purchase price is indexed to the Henry Hub benchmark plus a fixed liquefaction charge. The SPA is for a term of 20 years, and first deliveries are expected to commence as early as 2026. The SPAs will become fully effective upon the satisfaction of the conditions precedent, including Energy Transfer LNG taking final investment decision (FID).

“We are pleased to partner with Energy Transfer, which is a significant step in executing Gunvor’s overall strategy of uncovering and securing low-cost resources and implementing competitive and reliable deliveries to our LNG buyers. We look forward to a successful, long-term relationship with the Energy Transfer team as their project continues to progress,” said Kalpesh Patel, Co-Head of LNG Trading of Gunvor.

“Gunvor is a well-known participant in the LNG industry, and we are excited to have them as a customer,” said Tom Mason, President of Energy Transfer LNG. “Gunvor’s commitment to Lake Charles further evidences the progress we are making towards taking FID by year end.”

Energy Transfer is one of the largest and most diversified midstream energy companies in North America, with a strategic footprint in all of the major U.S. production basins. Energy Transfer's Lake Charles LNG export facility will be constructed on the existing brownfield regasification facility and will capitalize on four existing LNG storage tanks, two deep water berths and other LNG infrastructure.

Lake Charles LNG will also benefit from its direct connection to Energy Transfer’s existing Trunkline pipeline system that in turn provides connections to multiple intrastate and interstate pipelines. These pipelines allow access to multiple natural gas producing basins, including the Haynesville, the Permian and the Marcellus Shale.
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16.2.
Energy Transfer Reports Fourth Quarter 2021 Results
https://ir.energytransfer.com/news-releases/news-release-det…
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Energy Transfer reported net income attributable to partners for the three months ended December 31, 2021 of $921 million, an increase of $412 million compared to the same period last year. For the three months ended December 31, 2021, net income per limited partner unit (basic and diluted) was $0.29 per unit.
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Looking ahead, Energy Transfer is updating its 2022 growth and maintenance capital expenditures outlook as a result of the recently closed Enable acquisition and rapidly growing demand for midstream infrastructure.

The Partnership expects its 2022 growth capital expenditures to range from $1.6 billion to $1.9 billion, which includes the addition of several new capital projects expected to be completed by year end. Maintenance capital expenditures are expected to range between $615 million and $665 million for 2022. Energy Transfer is also providing an outlook for 2022 Adjusted EBITDA which is expected to range between $11.8 billion and $12.2 billion.
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Vistra Corp., one of the largest power generators in Texas, accused units of pipeline operator Energy Transfer LP of levying additional charges to deliver natural gas to profit from rising demand ahead of a looming winter storm.

Two Vistra units filed a complaint Tuesday to the Texas Railroad Commission, which oversees the oil and gas industry, requesting action against the pipeline firm over a plan to charge a premium when electricity prices at certain hubs exceeds $500 a megawatt-hour.
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1.2.
Vistra Accuses Energy Transfer of Price Gouging Before Storm
https://www.bnnbloomberg.ca/vistra-accuses-energy-transfer-o…


Von nichts kommt nichts

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25.1.
Cash-Rich Energy Transfer Set for Highest Return in Sector
https://finance.yahoo.com/news/cash-rich-energy-transfer-set…
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The company owned by billionaire Kelcy Warren is seen reporting a record annual profit next month, boosted by sales of gas at skyrocketing prices during last February’s Texas freeze. The largest U.S. pipeline operator also signaled more cash will soon be returned to shareholders via dividends and buybacks as it has slashed debt following a decade of expansion.

As a “first step”, Energy Transfer announced Tuesday a 15% increase in its quarterly cash distribution to 17.5 cents per common unit.

The Dallas-based company, which operates more than 114,000 miles (183,000 kilometers) of pipelines across North America, trades at a discount to major rivals. Energy Transfer’s enterprise value is at 7.7 times the company’s forecast earnings before items such as taxes and interest. That compares with 10 times for Kinder Morgan Inc. and 9.6 times for Enterprise Products Partners LP.
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"Deal from hell"

30.12.
Energy Transfer Told to Pay $410 Million Over Williams Deal
https://ca.finance.yahoo.com/news/energy-transfer-must-pay-4…
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Oil-pipeline giant Energy Transfer LP must pay $410 million for scuttling a $33 billion merger with rival Williams Cos. over a tax flaw in the deal, a judge concluded.

Since Dallas-based Energy Transfer -- owned by billionaire Kelcy Warren -- successfully pulled the plug on the 2016 combination, it’s required under the merger agreement to pay a so-called break-up fee, Delaware Chancery Court Judge Sam Glasscock III ruled Wednesday.

“Having called a dirge for the merger,” Energy Transfer “must pay the piper,” Glasscock said in his 95-page ruling in the more than five-year dispute over the deal.

Glasscock’s ruling marks the latest twist in what was nicknamed the energy industry’s “deal from hell.” The proposed tie-up stands as one of the largest deals undone by a collapse in oil prices. The merger was aimed at creating the nation’s largest natural-gas transporter. Oil prices have since rebounded.
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Williams Companies Inc. v. Energy Transfer Equity LP, 12168, Delaware Chancery Court