NGL

Energy Transfer Announces Increase in Quarterly Cash Distribution

Retrieved on: 
Thursday, January 25, 2024
Oil, Gas, Energy, Transfer, NGL, Annual report, Treasury, Partnership, Sunoco, Treasury regulations, Energy Transfer Partners, Transport, SUN, USAC, News, Security (finance)

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.

NGL Energy Partners LP Announces $2.1 Billion Offering of Senior Secured Notes

Retrieved on: 
Tuesday, January 23, 2024
Oil, Gas, Energy, Logistics, Supply Chain Management, Transport, Other Energy, Sale, Person, Regulation, NGL, Note

NGL Energy Partners LP (NYSE: NGL) (“NGL”), through its wholly owned subsidiaries NGL Energy Operating LLC and NGL Energy Finance Corp., today announced that they intend to offer, subject to market and other conditions, $2.1 billion in aggregate principal amount of senior secured notes due 2029 and senior secured notes due 2032 (together, the “Notes”).

Key Points: 
  • NGL Energy Partners LP (NYSE: NGL) (“NGL”), through its wholly owned subsidiaries NGL Energy Operating LLC and NGL Energy Finance Corp., today announced that they intend to offer, subject to market and other conditions, $2.1 billion in aggregate principal amount of senior secured notes due 2029 and senior secured notes due 2032 (together, the “Notes”).
  • NGL expects to use the net proceeds of the offering, together with the borrowings under a new seven-year $700.0 million senior secured term loan facility expected to be entered into concurrently with the offering, (i) to fund the redemption of, and related discharge of the indentures governing, NGL’s existing 6.125% senior notes due 2025, 7.5% senior notes due 2026, and 7.500% senior secured notes due 2026, including any applicable premiums and accrued and unpaid interest to, but excluding, the applicable redemption date, (ii) to pay fees and expenses in connection with the foregoing transactions and (iii) to the extent of any remaining net proceeds, to repay a portion of the outstanding borrowings under NGL’s senior secured asset-backed lending facility.
  • The offer and sale of the Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.
  • This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the Notes or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

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.

NGL Energy Partners LP Announces LEX II Large Diameter Pipeline Supported by New MVC and Extension of Acreage Dedication

Retrieved on: 
Monday, January 22, 2024
Energy, Other Energy, Oil, Gas, Environment, EVP, LEX, Delaware Basin, Water, Partnership, NGL, Eagle Ford, Dallas, Growth

NGL Energy Partners LP (NYSE:NGL) (“NGL,” or the “Partnership”) announced today that NGL Water Solutions is commencing expansion of its Lea County Express Pipeline System from a capacity of 140,000 barrels of water per day to 340,000 barrels per day in 2024 (LEX II Expansion).

Key Points: 
  • NGL Energy Partners LP (NYSE:NGL) (“NGL,” or the “Partnership”) announced today that NGL Water Solutions is commencing expansion of its Lea County Express Pipeline System from a capacity of 140,000 barrels of water per day to 340,000 barrels per day in 2024 (LEX II Expansion).
  • The addition of a second large-diameter pipeline, disposal wells, and facilities will greatly expand the capabilities of NGL’s existing produced water super-system and create a significantly larger outlet for produced water disposal within the Delaware Basin.
  • The construction of the 27-mile, 30-inch produced water pipeline will transport water to areas outside the core of the basin thereby further diversifying NGL’s geographic location of its disposal operations.
  • The LEX II Expansion is fully underwritten by a recently executed minimum volume commitment contract that includes an acreage dedication extension with an investment grade oil and gas producer.

NGL Energy Partners LP Announces $700 Million Senior Secured Term Loan Facility and Provides Financial Update

Retrieved on: 
Wednesday, January 17, 2024
Other Transport, Oil, Gas, Energy, Transport, Other Energy, Growth, Term loan, Bank statement, Calendar, Capital expenditure, NGL, Webcast, Security (finance)

NGL Energy Partners LP (NYSE: NGL) (“Partnership” or “NGL”), together with its wholly owned subsidiary NGL Energy Operating LLC (“NGL Energy Operating”), today announced plans to syndicate a new seven-year $700 million senior secured term loan facility (the “Term Loan Facility”).

Key Points: 
  • NGL Energy Partners LP (NYSE: NGL) (“Partnership” or “NGL”), together with its wholly owned subsidiary NGL Energy Operating LLC (“NGL Energy Operating”), today announced plans to syndicate a new seven-year $700 million senior secured term loan facility (the “Term Loan Facility”).
  • NGL Energy Operating will be the borrower under the Term Loan Facility.
  • There can be no assurances that NGL and NGL Energy Operating will be successful in their marketing efforts or that NGL Energy Operating will be able to enter into the Term Loan Facility (or the actual size or terms thereof).
  • In connection with the Term Loan Facility syndication, NGL is providing certain preliminary estimates of financial information for its fiscal third quarter ended December 31, 2023.

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.

Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions and Timing of Fourth-Quarter 2023 Earnings

Retrieved on: 
Monday, January 8, 2024
Partnership, PAA, Plains All American Pipeline, NGL, Treasury regulations, Internet, Transport

HOUSTON, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA ) and Plains GP Holdings (Nasdaq: PAGP ) today announced their quarterly distributions with respect to the fourth quarter of 2023 and also announced timing of fourth quarter 2023 earnings.

Key Points: 
  • HOUSTON, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA ) and Plains GP Holdings (Nasdaq: PAGP ) today announced their quarterly distributions with respect to the fourth quarter of 2023 and also announced timing of fourth quarter 2023 earnings.
  • In addition, to the extent any cash distribution exceeds a Class A Shareholder’s tax basis, it should be taxable as a capital gain.
  • Following the announcement, PAA and PAGP will host a conference call at 9:00 a.m. CT (10 a.m.
  • The call will be webcast live on the internet and may be accessed through the "Investors Relations” section of the website at www.plains.com .

Enterprise Declares Quarterly Distribution

Retrieved on: 
Monday, January 8, 2024
Energy, Other Energy, Oil, Gas, EPD, Partnership, Partner, Atlas, Enterprise Products, NGL, Internet, Treasury, Treasury regulations, Risk, CST, Webcast, Transport, Security (finance), Natural gas, Cryptocurrency

Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) announced today that the board of directors of its general partner declared a quarterly cash distribution to be paid to Enterprise common unitholders with respect to the fourth quarter of 2023 of $0.515 per unit, or $2.06 per unit on an annualized basis.

Key Points: 
  • Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) announced today that the board of directors of its general partner declared a quarterly cash distribution to be paid to Enterprise common unitholders with respect to the fourth quarter of 2023 of $0.515 per unit, or $2.06 per unit on an annualized basis.
  • The quarterly distribution will be paid Wednesday, February 14, 2024, to common unitholders of record as of the close of business Wednesday, January 31, 2024.
  • This distribution represents a 5.1 percent increase over the distribution declared with respect to the fourth quarter of 2022, and a 3 percent increase over the distribution declared with respect to the third quarter of 2023.
  • Enterprise will announce its earnings for the fourth quarter of 2023 on Thursday, February 1, 2024, before the New York Stock Exchange opens for trading.

Enterprise to Participate in Investor Conferences

Retrieved on: 
Friday, January 5, 2024
Energy, Other Energy, Oil, Gas, UBS, Conference, EPD, Transport, Partner, Atlas, Enterprise Products, NGL, Natural gas, Petroleum

Enterprise Products Partners L.P. (NYSE: EPD) announced today it will participate in meetings with investors at the following conferences:

Key Points: 
  • Enterprise Products Partners L.P. (NYSE: EPD) announced today it will participate in meetings with investors at the following conferences:
    UBS Winter Infrastructure & Energy Conference in Deer Valley, Utah, January 8-9, 2024; and
    U.S. Capital Advisors Midstream Corporate Access Day in Houston, Texas, January 23, 2024.
  • The latest investor deck that may be used to facilitate the investor meetings can be accessed under the Investors tab on the Enterprise website.
  • Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals.
  • The partnership’s assets currently include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity.

Enterprise Prices $2.0 Billion Aggregate Principal Amount of Senior Notes

Retrieved on: 
Tuesday, January 2, 2024
Chemicals, Plastics, Energy, Manufacturing, Oil, Gas, EPD, Partner, Atlas, Enterprise Products, TD Securities, Sale, EDGAR, NGL, Debt-to-GDP ratio, Prospectus, Transport, EPO, HHH, Natural gas, Security (finance)

Enterprise Products Partners L.P. (NYSE:EPD) (“Enterprise”) today announced that its operating subsidiary, Enterprise Products Operating LLC (“EPO”), has priced a public offering of $2.0 billion aggregate principal amount of notes comprised of (i) $1.0 billion principal amount of senior notes due January 11, 2027 (“Senior Notes HHH”), and (ii) $1.0 billion principal amount of senior notes due January 31, 2034 (“Senior Notes III”).

Key Points: 
  • Enterprise Products Partners L.P. (NYSE:EPD) (“Enterprise”) today announced that its operating subsidiary, Enterprise Products Operating LLC (“EPO”), has priced a public offering of $2.0 billion aggregate principal amount of notes comprised of (i) $1.0 billion principal amount of senior notes due January 11, 2027 (“Senior Notes HHH”), and (ii) $1.0 billion principal amount of senior notes due January 31, 2034 (“Senior Notes III”).
  • Senior Notes HHH will be issued at 99.897% of their principal amount and will have a fixed-rate interest coupon of 4.60%.
  • Senior Notes III will be issued at 99.705% of their principal amount and will have a fixed-rate interest coupon of 4.85%.
  • Enterprise Products Partners L.P. will guarantee the senior notes through an unconditional guarantee on an unsecured and unsubordinated basis.