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 ...

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- ...