ENERGY TRANSFER REPORTS SECOND QUARTER 2024 RESULTS Dallas – August 7, 2024 - Energy Transfer LP (NYSE:ET) ("Energy Transfer" or the "Partnership") today reported financial results for the quarter ended June 30, 2024. Energy Transfer reported net income attributable to partners for the three months ended June 30, 2024 of $1.31 billion. For the three months ended June 30, 2024, net income per common unit (basic) was $0.35. Adjusted EBITDA for the three months ended June 30, 2024 was $3.76 billion compared to ...

Energy Transfer LP (ET) is expected to report an improvement in its top and bottom lines when it reports second-quarter 2024 results on Aug 7, after market close. The Zacks Consensus Estimate for ET's second-quarter revenues is pegged at $24.64 billion, indicating a 34.48% increase from the year-ago reported figure. The consensus estimate for earnings is pegged at 36 cents per unit. The Zacks Consensus Estimate for ET's second-quarter earnings has increased by 2.9% in the past 60 days. The estimate suggests ...

This midstream leader checks off several boxes. My apologies to Sir Mix-A-Lot, but I like big dividends and I cannot lie. It's not that I depend on dividends for income right now. However, I appreciate the significant help that strong dividends provide in achieving solid total returns. I recently bought several stocks, including one of North America's midstream energy leaders, Energy Transfer LP (ET -1.48%). Here's why I just loaded up on this ultra-high-yield dividend stock. 1. An attractive and growing di ...

Travel Ink/DigitalVision via Getty Images One of my absolute favorite companies on the market today is none other than pipeline/midstream firm Energy Transfer (NYSE:ET). Those who follow my work closely know that I have a very concentrated portfolio. I currently have only eight stocks in it. And it just so happens that Energy Transfer is my third largest, accounting for 13.3% of those assets. In the past, I've done quite well owning the stock. Excluding the hefty distributions that I have gotten from the fi ...

MLPs can produce prodigious passive income streams. Higher interest rates have been a passive income investor's dream scenario. Even lower-risk fixed-income investments like government bonds and bank CDs offer high yields these days. Because of that, equity investments, which are riskier by nature, have to offer even higher yields to entice income-seeking investors. For example, several high-quality yield-focused master limited partnerships (MLPs) currently pay around 8%. Because of that, a $1,000 investmen ...

This oil and gas stock offers a high yield of 7.9% and is increasing its dividend payout every year. With its 7.9% yield, Energy Transfer (ET -1.54%) is one of the highest-yielding large-cap oil and gas dividend stocks. The company is also among the largest midstream energy players in the U.S., storing and transporting natural gas, crude oil, natural gas liquids, and refined products to utilities, industrial, and other end users through its extensive pipeline system. Energy Transfer just raised its quarterl ...

Core Viewpoint - The article upgrades the rating of Energy Transfer LP (ET) to a strong buy due to the acquisition of Crestwood Equity Partners, which is expected to enhance ET's growth potential significantly [3][12]. Company Overview - Energy Transfer LP owns a diversified portfolio of energy assets in the U.S., primarily focusing on natural gas midstream facilities, which are crucial for electricity generation [16]. - The company has budgeted approximately $2.9 billion for growth capital in 2024 and has been averaging $3.18 billion in capital expenditures (CAPEX) in recent years [10][18]. Acquisition Impact - The acquisition of Crestwood Equity Partners is anticipated to catalyze a higher growth rate for ET, with valuation metrics indicating a P/E growth ratio of 0.8x and a PEGY yield of 0.5x, both significantly below the ideal threshold [3]. - Additionally, the recent acquisition of WTG Midstream adds around 6,000 miles of gas-gathering pipelines and eight gas processing plants, expected to contribute approximately $0.04 to Distributable Cash Flow (DCF) per common unit in 2025, increasing to $0.07 by 2027 [10]. Market Demand and Positioning - The demand for energy is projected to rise due to the increasing power needs of artificial intelligence technologies and data centers, positioning ET as a key player to meet this demand [5][12]. - Natural gas is currently the largest source of electricity generation in the U.S., accounting for about 43% of total electricity production, which aligns with ET's operational focus [16]. Financial Metrics - ET's cash flow to CAPEX ratio is currently at 3.244x, higher than its three-year average of 3.087x, indicating strong capital allocation flexibility [10][18]. - The company has received an upgrade in its credit rating to "BBB" from "BBB-" by S&P Global Ratings, reflecting improved financial stability [14].

For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.46 per share and a revenue of $97.83 billion, signifying shifts of +33.94% and +24.49%, respectively, from the last year. Shares of the energy-related services provider witnessed a gain of 2.95% over the previous month, beating the performance of the Oils-Energy sector with its loss of 7.84% and the S&P 500's gain of 1.96%. Investors should also note any recent changes to analyst estimates for Energy Transfer LP. These latest adj ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, in ...

A safer approach could be investing in bargain stocks with recent price momentum. While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns fo ...