Energy Transfer said on Tuesday it would buy WTG Midstream Holdings in a deal valued at about $3.25 billion, the latest in the pipeline operator's string of deals since last year aimed at expanding its gas transportation and processing network in the Permian Basin.
Energy Transfer pays a high-yielding cash distribution. The MLP aims to increase its payment each quarter.
Energy Transfer is a high-yield midstream master limited partnership. Energy Transfer cut its dividend during the coronavirus pandemic and has a worrisome history with regard to corporate governance.
Energy Transfer is in its strongest financial position in history. The MLP's leverage ratio is trending toward the lower half of its target range.
Energy Transfer LP (ET) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Energy Transfer is trading above pre-pandemic levels, with units appreciating by 16.88% in 2024. The demand for energy and the need for energy infrastructure continue to grow, providing opportunities for companies like ET. ET's revenue and profitability are protected by fee-based contracts, and it is undervalued compared to its peers in the industry.
Energy Transfer is getting a big boost from acquisitions this year. Its Crestwood deal is a model for what it seeks in an acquisition.
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Energy Transfer stock has delivered terrific gains over the past few decades. However, investors who failed to invest with the right strategy lost out.
Investors should keep an eye on ET, KMI and PSX, as these energy players have raised their dividends/distributions and demonstrated a strong ability to continue returning value to shareholders.