Image depicting the bull market on the rise wildpixel I wrote a few articles in the past year on Energy Transfer (NYSE:ET) starting in a price range of around $13 to $14 (see the chart below). Its shares (or units to be more precise) have indeed delivered strong performance, advancing more than 26% in the past year. Combined with an ~8% dividend yield, the return beat the broader market by a large margin. In my last article, published a bit more than three months ago, I specifically argued that: Energy Tran ...

Market participants will be closely following the financial results of Energy Transfer LP in its upcoming release. The company is expected to report EPS of $0.35, up 40% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $24.61 billion, indicating a 34.34% growth compared to the corresponding quarter of the prior year. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, ...

When looking for high-yield stocks in the energy patch, there is no better place to look than the midstream space. Midstream companies are involved in a number of activities, but are largely known for transporting crude, natural gas, and NGLs (natural gas liquids) through their networks of pipeline assets. Let's look at two high-yield midstream stocks that could benefit from this AI energy consumption trend that investors should be buying right now. With nearly 90,000 miles of pipeline, 235 billion cubic fe ...

Introduction Investors who don't share my aversion to MLP's, have done well in ET on a price improvement basis. The company has shown strong growth this year, outshined by only OKE, (OKE)-up a whopping 43% over the last With all of that, let's review the high level thesis for the company and a couple of catalysts that may drive growth in the future. Service focus for ET (ET) ET pays a well covered distribution of $1.27 per unit and is on track to generate $9.8 bn in DCF in 2024. The Yield on Cost at current ...

Kinder Mor se Product P Plains All American Energy Transfer kverage ET Financial Metrics Vs. Peers EV/Revenue P/S Kinder EV/EBITDA Morgan,Inc. EV/Assets Product Partners Plains All American Pipeline Energy Transfer 0.00 5.00 15.00 20.00 10.00 Author's Calculations based on Seeking Alpha data When all is all, ET has shown relative undervaluation in comparison to its peers, and its financial metrics indicate the company's financial and operational health. As Table 2 illustrates, the fair price for ET is appro ...

Puts Last Trade Dute (EDT) 5/30/2024 1:30 PM 6/5/2024 3:43 PM The partnership had a very good first quarter. Revenues rose by more than $2.5 billion, led by large increases in crude and NGL sales. Refined products were up marginally. The cost of goods did rise, but by less than $2 billion, which allowed for a greater than $300 million increase in operating income. Interest expenses rose by more than $100 million to $728 million, but that was not enough to stop the partnership from achieving year-over-year n ...

onurdongel For over a dozen years, I've written you about Energy Transfer (NYSE:ET) units. My primary objective has to provide objective, actionable investment information about the company. Investment Thesis At the current juncture, Energy Transfer common units remain a sound, long-term investment. Here are three bullet points supporting the view: How Can We Measure This? Broadly, when evaluating an investment, I seek to separate the significant few from the insignificant many. In other words, there are lo ...

The midstream giant continues to gobble up smaller rivals. Energy Transfer (ET 0.32%) continues to lead the midstream sector's consolidation. The master limited partnership (MLP) made two deals last year and recently followed them up with its first acquisition in 2024. It's paying nearly $3.3 billion to buy WTG Midstream. Its latest deal perfectly aligns with its acquisition strategy of finding accretive transactions that enhance its value chain without negatively impacting its balance sheet. That approach ...

MIDLAND, Texas, May 28, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback") today announced the sale of WTG Midstream Holdings LLC to Energy Transfer LP (NYSE: ET) ("ET") resulting in total pre-tax consideration net to Diamondback of approximately $375 million, subject to customary closing conditions and adjustments. Consideration for the transaction will consist of a mix of cash and ET common units. The transaction is expected to close in the third quarter of 2024. About Diamon ...

Here's a look at how much you need to invest in the MLP to receive $500 in cash distributions each year. This MLP can supply investors with lots of income. Energy Transfer (ET 0.20%) is a prodigious income producer. The master limited partnership (MLP) currently makes quarterly distribution payments to its investors of $0.3175 per unit ($1.27 annualized). That puts its yield up over 8% at the MLP's recent unit price, much higher than the S&P 500's roughly 1.3% dividend yield. Energy Transfer's higher yield ...