DALLAS, July 16, 2024 /PRNewswire/ -- Energy Transfer LP (NYSE: ET) ("Energy Transfer") and Sunoco LP (NYSE: SUN) ("Sunoco") today announced the formation of a joint venture combining their respective crude oil and produced water gathering assets in the Permian Basin. Energy Transfer will serve as the operator of the joint venture and contribute its Permian crude oil and produced water gathering assets and operations. Sunoco will contribute all of its Permian crude oil gathering assets and operations to the ...

Pipeline and midstream energy stocks have had a strong start to 2024. This can been seen in the performance of major sector exchange-traded funds (ETFs) such as the Alerian Energy Infrastructure ETF (ENFR 0.47%), up about 18% year to date, and the Alerian MLP ETF (AMLP 0.59%), up nearly 17%. The latter only includes the stocks of midstream companies structured as master limited partnerships (MLPs), while the former includes midstream companies structured as both MLPs and corporations. Lets look at three mid ...

The Vanguard High Dividend Yield ETF (NYSEARCA:VYM) tracks the performance of companies that typically pay higher-than-average dividends. VYM's year-to-date (YTD) return of 6.5% showcases the demand for high-yielding exchange-traded funds (ETFs). VYM also offers a dividend yield of over 3.0%. AT&T (T) Telecommunications and media giant AT&T (NYSE:T) is today's first pick among the best dividend stocks for income. Despite losing its Dividend Aristocrat status in 2021, AT&T had previously increased its divide ...

Energy Transfer LP (ET) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. Rather than focusing on anythi ...

In the latest trading session, Energy Transfer LP (ET) closed at $15.92, marking a -0.5% move from the previous day. This change lagged the S&P 500's 0.16% gain on the day. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.49%. The investment community will be paying close attention to the earnings performance of Energy Transfer LP in its upcoming release. The company's upcoming EPS is projected at $0.35, signifying a 40% increase compared to the same quarter of the previous year. At ...

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 ...