Energy Transfer Partners

Energy Transfer Announces Increase in Quarterly Cash Distribution

Retrieved on: 
Thursday, January 25, 2024
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Energy Transfer LP (NYSE: ET) today announced an increase in its quarterly cash distribution to $0.3150 per Energy Transfer common unit ($1.26 on an annualized basis) for the fourth quarter ended December 31, 2023.

Key Points: 
  • Energy Transfer LP (NYSE: ET) today announced an increase in its quarterly cash distribution to $0.3150 per Energy Transfer common unit ($1.26 on an annualized basis) for the fourth quarter ended December 31, 2023.
  • This cash distribution per Energy Transfer common unit will be paid on February 20, 2024 to unitholders of record as of the close of business on February 7, 2024, and is an increase of 3.3 percent as compared to the fourth quarter of 2022.
  • Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with more than 125,000 miles of pipeline and associated energy infrastructure.
  • Nominees, and not Energy Transfer LP, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.

Energy Transfer LP Announces Cash Distributions on Series E and I Preferred Units

Retrieved on: 
Monday, January 22, 2024
Oil, Gas, Energy, Transfer, NGL, Annual report, Series, Treasury, Partnership, Sunoco, Treasury regulations, Energy Transfer Partners, Transport, SUN, USAC, News, Security (finance)

Energy Transfer LP (“ET”) today announced the quarterly cash distribution of $0.4750000 per Series E Preferred Unit (NYSE: ETprE) and the quarterly cash distribution of $0.2111 per Series I Preferred Unit (NYSE: ETprI).

Key Points: 
  • Energy Transfer LP (“ET”) today announced the quarterly cash distribution of $0.4750000 per Series E Preferred Unit (NYSE: ETprE) and the quarterly cash distribution of $0.2111 per Series I Preferred Unit (NYSE: ETprI).
  • Notice of redemption with respect to the Series E preferred units will be issued at a later date and such units will be redeemed once redeemable on May 15, 2024.
  • Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with more than 125,000 miles of pipeline and associated energy infrastructure.
  • Nominees, and not Energy Transfer LP, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.

Energy Transfer Announces Fourth Quarter and Full Year 2023 Earnings Release and Earnings Call Timing

Retrieved on: 
Thursday, January 11, 2024
Oil, Gas, Energy, Transfer, SUN, Partnership, Sunoco, USAC, NGL, Energy Transfer Partners, Transport

Energy Transfer LP (NYSE: ET) today announced that it plans to release earnings for the fourth quarter and full year 2023 on Wednesday, February 14, 2024, after the market closes.

Key Points: 
  • Energy Transfer LP (NYSE: ET) today announced that it plans to release earnings for the fourth quarter and full year 2023 on Wednesday, February 14, 2024, after the market closes.
  • The conference call will be broadcast live via an internet webcast, which can be accessed on Energy Transfer’s website at energytransfer.com .
  • The call will also be available for replay on Energy Transfer’s website for a limited time.
  • Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with more than 125,000 miles of pipeline and associated energy infrastructure.

Energy Transfer LP Announces Pricing of $3 Billion of Senior Notes and $800 Million of Fixed-to-Fixed Reset Rate Junior Subordinated Notes

Retrieved on: 
Thursday, January 11, 2024
Oil, Gas, Energy, Transfer, RBC Capital Markets, Venture round, Series, Partnership, Prospectus, Sale, Energy Transfer Partners, Security (finance)

Energy Transfer LP (NYSE: ET) today announced the pricing of its concurrent offerings of $1.25 billion aggregate principal amount of 5.550% senior notes due 2034 and $1.75 billion aggregate principal amount of 5.950% senior notes due 2054 (together, the “senior notes”) and $800 million aggregate principal amount of 8.000% fixed-to-fixed reset rate junior subordinated notes due 2054 (the “junior subordinated notes”) at a price to the public of 99.660%, 99.523%, and 100.000%, respectively, of their face value.

Key Points: 
  • Energy Transfer LP (NYSE: ET) today announced the pricing of its concurrent offerings of $1.25 billion aggregate principal amount of 5.550% senior notes due 2034 and $1.75 billion aggregate principal amount of 5.950% senior notes due 2054 (together, the “senior notes”) and $800 million aggregate principal amount of 8.000% fixed-to-fixed reset rate junior subordinated notes due 2054 (the “junior subordinated notes”) at a price to the public of 99.660%, 99.523%, and 100.000%, respectively, of their face value.
  • The sale of the senior notes and the junior subordinated notes are expected to settle on January 25, 2024, subject to the satisfaction of customary closing conditions.
  • The settlement of the senior notes is not conditioned on the settlement of the junior subordinated notes, and the settlement of the junior subordinated notes is not conditioned on the settlement of the senior notes.
  • The concurrent offerings of the senior notes and the junior subordinated notes are being made pursuant to an effective shelf registration statement and prospectus filed by Energy Transfer with the Securities and Exchange Commission (“SEC”).

Energy Transfer LP Announces Public Offering of Senior Notes and Fixed-to-Fixed Reset Rate Junior Subordinated Notes and Redemption of Select Preferred Units

Retrieved on: 
Wednesday, January 10, 2024
Oil, Gas, Energy, Transfer, RBC Capital Markets, Venture round, Series, Partnership, Prospectus, Energy Transfer Partners, Security (finance)

Energy Transfer LP (NYSE: ET) today announced its intention, subject to market and other conditions, to concurrently offer senior notes due 2034 and senior notes due 2054 (together, the “senior notes”) and fixed-to-fixed reset rate junior subordinated notes due 2054 (the “junior subordinated notes”) in separate registered public offerings.

Key Points: 
  • Energy Transfer LP (NYSE: ET) today announced its intention, subject to market and other conditions, to concurrently offer senior notes due 2034 and senior notes due 2054 (together, the “senior notes”) and fixed-to-fixed reset rate junior subordinated notes due 2054 (the “junior subordinated notes”) in separate registered public offerings.
  • Energy Transfer intends to use the net proceeds from the concurrent offerings to refinance existing indebtedness, including borrowings under its revolving credit facility, to redeem all of its outstanding Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the “Series C preferred units”), Series D Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the “Series D preferred units”) and, when redeemable on May 15, 2024, Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the “Series E preferred units” and, together with the Series C preferred units and the Series D preferred units, the “select preferred units”), and for general partnership purposes.
  • This press release does not constitute a notice of redemption with respect to, or an offer to purchase, any indebtedness or the select preferred units.
  • The concurrent offerings of the senior notes and the junior subordinated notes are being made pursuant to an effective shelf registration statement and prospectus filed by Energy Transfer with the Securities and Exchange Commission (“SEC”).

CapturePoint Secures Dedication of CO2 for CENLA Hub From Southwestern Energy Company

Retrieved on: 
Wednesday, November 15, 2023
Environment, Climate Change, Other Energy, Environmental Health, Utilities, Oil, Gas, Sustainability, Alternative Energy, Green Technology, Energy, Transfer, Carbon, NYSE, Energy Transfer Partners, CO2, United, COVID-19, Natural gas, Renewable energy, Southwestern Energy

CapturePoint LLC (together with its affiliates, “CapturePoint”) announced today that a subsidiary of Southwestern Energy Company (“Southwestern”) (NYSE: SWN) has agreed with its midstream provider, Energy Transfer LP (NYSE: ET), to dedicate CO2 from its Haynesville natural gas processing to sequestration deep underground in CapturePoint’s Central Louisiana Regional Carbon Storage Hub (“CENLA Hub”).

Key Points: 
  • CapturePoint LLC (together with its affiliates, “CapturePoint”) announced today that a subsidiary of Southwestern Energy Company (“Southwestern”) (NYSE: SWN) has agreed with its midstream provider, Energy Transfer LP (NYSE: ET), to dedicate CO2 from its Haynesville natural gas processing to sequestration deep underground in CapturePoint’s Central Louisiana Regional Carbon Storage Hub (“CENLA Hub”).
  • The CENLA Hub, under development by CapturePoint affiliate CapturePoint Solutions LLC, will permanently store captured CO2 in suitable geologic formations in Rapides and Vernon Parishes.
  • The agreement announced today is another significant milestone for the future success of the CENLA Hub.
  • “Southwestern Energy is committed to meeting growing global demand for reliable, lower-carbon energy,” said Bill Way, Southwestern Energy President and Chief Executive Officer.

Energy Transfer Announces a Heads of Agreement With TotalEnergies for Crude Offtake From Its Blue Marlin Offshore Project

Retrieved on: 
Thursday, November 16, 2023
Energy, Other Energy, Oil, Gas, Transfer, Heads of Agreement, Energy Transfer Partners, TotalEnergies, NYSE, HOA

Energy Transfer LP (NYSE: ET) announced today it has entered into a non-binding Heads of Agreement (HOA) with TotalEnergies related to term crude oil offtake from its proposed Blue Marlin Offshore Port for 4 million barrels per month.

Key Points: 
  • Energy Transfer LP (NYSE: ET) announced today it has entered into a non-binding Heads of Agreement (HOA) with TotalEnergies related to term crude oil offtake from its proposed Blue Marlin Offshore Port for 4 million barrels per month.
  • The HOA is subject to the negotiation and execution of definitive agreements and the satisfaction of other conditions, including Energy Transfer taking a final investment decision.
  • The agreement with TotalEnergies marks an important step in the commercialization of the proposed Blue Marlin Offshore Port and underscores the need for the further development of export capabilities to support the efficient delivery of U.S.-produced energy products globally.

Pipeline transport market size to grow by USD 26.71 billion from 2023 to 2028 | The oil and gas segment is estimated to witness significant growth during the forecast period | Technavio

Retrieved on: 
Tuesday, November 7, 2023
Transfer, PDF, RTP, Oneok, Siemens Energy AG, Inter Pipeline, ABB, Water, Shell plc, Huawei, Shell, Government, Enterprise Products, Kinder Morgan, Geography, Rockwell Automation, TC Energy, Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, Energy, Growth, Transport, Energy Transfer Partners, Economic development, Rail transport by country, USD, TechnipFMC, Forest Law Enforcement and Governance Program, Investment, English v. General Electric Co., China National Petroleum Corporation, Nord, Oil, Marketing, Speciality chemicals

NEW YORK, Nov. 7, 2023 /PRNewswire/ -- The pipeline transport market size is expected to grow by USD 26.71 billion from 2023 to 2028, according to Technavio.

Key Points: 
  • NEW YORK, Nov. 7, 2023 /PRNewswire/ -- The pipeline transport market size is expected to grow by USD 26.71 billion from 2023 to 2028, according to Technavio.
  • The benefits of pipelines over other modes of oil and gas transportation are notably driving the pipeline transport market.
  • The Free sample report is available in PDF format
    The oil and gas segment is estimated to witness significant growth during the forecast period.
  • The pipeline transport market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market.

Energy Transfer Completes Acquisition of Crestwood

Retrieved on: 
Friday, November 3, 2023
Energy, Other Energy, Utilities, Oil, Gas, Transfer, Acquisition, NYSE, Energy Transfer Partners, Economics, Security (finance)

Energy Transfer LP (NYSE: ET) (“Energy Transfer”) announced today the completion of its previously announced merger with Crestwood Equity Partners LP (“Crestwood”).

Key Points: 
  • Energy Transfer LP (NYSE: ET) (“Energy Transfer”) announced today the completion of its previously announced merger with Crestwood Equity Partners LP (“Crestwood”).
  • Holders of Crestwood common units received 2.07 Energy Transfer common units for each Crestwood common unit held by them (the “Common Unit Merger Consideration”).
  • Additionally, each outstanding Crestwood preferred unit was, at the election of the holder of such Crestwood preferred unit, either, (i) converted into a new preferred unit of Energy Transfer that has substantially similar terms, including with respect to economics and structural protections, as the Crestwood preferred units; (ii) redeemed in exchange for $9.857484 in cash plus accrued and unpaid distributions to the date of such redemption; or (iii) converted into a Crestwood common unit at the then-applicable conversion ratio of one Crestwood common unit for ten Crestwood preferred units, and such Crestwood common units then received the Common Unit Merger Consideration.
  • The new Energy Transfer preferred units will be Series I Fixed Rate Perpetual Preferred Units and will trade on the NYSE under the ticker symbol “ETprI”.

Energy Transfer Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023
Oil, Gas, Energy, Transfer, Sale, Sunoco, NYSE, Mont Belvieu, Texas, Public expenditure, NGL, EBITDA, USAC, Maintenance, BBB, Transport, SUN, Partnership, Master limited partnership, Energy Transfer Partners, Borrowing base, Natural gas, Propane, Cryptocurrency, Security (finance), LP

Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended September 30, 2023.

Key Points: 
  • Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended September 30, 2023.
  • Energy Transfer reported net income attributable to partners for the three months ended September 30, 2023 of $584 million.
  • Energy Transfer now expects its full-year 2023 Adjusted EBITDA to range between $13.5 billion and $13.6 billion, including the consolidated operations of Crestwood in November and December 2023.
  • In October 2023, Energy Transfer announced a quarterly cash distribution of $0.3125 per common unit ($1.25 annualized) for the quarter ended September 30, 2023.