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 ...

The quick answer is probably not, but comparing it to a more reliable alternative will help explain why. Energy Transfer (ET 0.20%) has a lofty 8% or so distribution yield, which will likely sound pretty appealing to most dividend-focused investors. But don't jump in just yet. You'll probably be better off with Enterprise Products Partners (EPD) and its still very attractive 7.2% yield. Here's what you need to know. Energy Transfer and Enterprise have similar businesses Both Energy Transfer and Enterprise P ...

The MLP has significantly strengthened its financial foundation to the point where it's now stronger than ever. That enabled Energy Transfer to steadily increase its distribution, which is now above its pre-pandemic level. The payout, which currently yields nearly 8%, is safer than ever. From tight to tremendous flexibility Energy Transfer has come a long way over the past few years. Energy Transfer (ET 0.20%) has had its ups and downs over the years. Like many companies, it found itself in a tight spot whe ...

PM Images Energy Transfer (NYSE:ET) is finally trading above its pre-pandemic levels, after crashing to below $5 during the pandemic. Units of ET have appreciated by 16.88% in 2024, and my claims that ET should trade for a minimum of $17.26 look more realistic as time progresses (can be read here). While technology controls the narrative, there has been an opportunity in the energy sector that went unnoticed by many investors. The narrative regarding eliminating oil and gas never made sense to me, consideri ...

The MLP believes the midstream sector remains ripe for consolidation. Acquisitions are supplying Energy Transfer (ET 1.06%) with lots of fuel this year. The master limited partnership (MLP) closed two sizable deals last year, while its affiliate, Sunoco (SUN 0.32%), recently made a needle-moving acquisition. This trio of deals has the company on track to grow its earnings by around 10% this year. The MLP made it clear on its first-quarter conference call that consolidation in the midstream space continues t ...

The 6 Best Dividend Stocks To Buy With $2000 fizkes / Shutterstock.com 24/7 Insights Since 1926, dividends have contributed approximately 32% of the total return for the S&P 500, while capital appreciations have contributed 68%. Therefore, sustainable dividend income and capital appreciation potential are essential for total return expectations. A recent study from Hartford Funds, in collaboration with Ned Davis Research, found that dividend stocks delivered an annualized return of 9.18% over the past half- ...

Energy Transfer stock can make you a millionaire, but you need to do this one thing. When including dividends in Energy Transfer's total returns, shares produced an 882% profit for shareholders since 2006. That's nearly double the S&P 500's total return over that time period. This type of return can help everyday investors become millionaires. It would still take several decades of consistent saving, but by investing in stocks like this, you can produce returns that transform a few thousand dollars a year i ...

Investors generally favor companies that demonstrate a strong commitment to returning capital to shareholders. Beyond price appreciation, dividends and share buybacks offer additional satisfaction. This is particularly important in the energy sector, where companies that return value to shareholders inspire greater confidence among investors due to the sector's inherent volatility in oil and natural gas prices. Major energy companies have released first-quarter 2024 results, with several announcing dividend ...