5.78 +0.22 (3.96%)
Pre-market: 7:43AM EDT
|Bid||5.77 x 4000|
|Ask||0.00 x 800|
|Day's range||5.41 - 5.71|
|52-week range||3.75 - 15.76|
|Beta (5Y monthly)||2.08|
|PE ratio (TTM)||4.07|
|Forward dividend & yield||1.22 (22.02%)|
|1y target est||13.60|
Energy Transfer LP (NYSE: ET) today announced a quarterly cash distribution of $0.305 per ET common unit ($1.22 on an annualized basis) for the first quarter ended March 31, 2020. This cash distribution is supported by the company’s underlying long-term stable cash flows. Energy Transfer benefits from a fully-integrated business with a diverse mix of earnings, generated by providing midstream services from the well-head to the market. The announced quarterly distribution is consistent with the distribution for the fourth quarter of 2019 and will be paid on May 19, 2020 to unitholders of record as of the close of business on May 7, 2020.
The Lake Charles, Louisiana, facility is one of several LNG export projects worldwide that have been delayed in recent months by the collapse in global energy prices. The crash in oil and gas prices has caused major LNG exporters like Qatar and oil giant Exxon Mobil Corp , however, to put off gigantic new facilities or expansions of existing projects. U.S. gas prices have recently dropped to their lowest since 1995.
Energy Transfer LP (NYSE: ET) announced today that it will take over development of the Lake Charles LNG export project following Shell’s announcement that it has decided not to proceed with an equity investment in the project. Shell advised Energy Transfer that its decision was made in light of current market conditions. Energy Transfer will take over the role of lead project developer and will continue the development of the project. In this regard, Energy Transfer will evaluate various alternatives to advance the project, including the possibility of bringing in one or more equity partners and reducing the size of the project from three trains (16.45 mtpa of LNG capacity) to two trains (11.0 mtpa).
Pipeline Master Limited Partnerships were once some of Wall Street’s favorite energy money-makers, but they’ve become risky as oil prices have tanked
Energy Transfer LP (NYSE: ET) today announced that its subsidiary, Bayou Bridge Pipeline, LLC ("Bayou Bridge"), launched a Binding Supplemental Open Season ("Open Season") to solicit additional shipper commitments for transportation service from Nederland, Texas to Lake Charles, Louisiana through the Bayou Bridge Pipeline System. Bayou Bridge anticipates that incremental capacity on the Bayou Bridge Pipeline System will be determined based on committed subscriptions made by shippers during the Open Season.
Energy Transfer LP (NYSE: ET) and Energy Transfer Operating, L.P. (ETO) today announced they have filed their respective annual reports on Form 10-K for the year ended December 31, 2019 with the Securities and Exchange Commission (SEC).
Energy Transfer LP (NYSE: ET) today announced the execution of a suite of gathering, processing, transportation and fractionation agreements with a large, investment- grade integrated energy company (the "Company"). These agreements increase and extend long-term commitments between the Company and Energy Transfer in the Eagle Ford and Delaware Basins through 2034 and 2040, respectively.
Energy Transfer LP (NYSE:ET) ("ET" or the "Partnership") today reported financial results for the quarter and year ended December 31, 2019.
Energy Transfer (ET) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Energy Transfer's (ET) fourth-quarter earnings are likely to have benefited from the fee-based business and completion of project backlog.
Energy Transfer has brought U.S.-based employees back from its Beijing office, CEO Kelcy Warren said at the Argus Americas Crude Summit in Houston. The company and Royal Dutch Shell have an agreement to develop Energy Transfer's existing Lake Charles LNG import facility on the U.S. Gulf Coast for LNG export, but the project has not received final investment approvals.
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Energy Transfer LP (“Energy Transfer” or “the Company”) (NYSE: ET) and certain of its officers, on behalf of shareholders who purchased Energy Transfer securities between February 25, 2017 and November 11, 2019, inclusive (the “Class Period”). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Energy Transfer’s permits to conduct the Mariner East pipeline project in Pennsylvania were secured via bribery and/or other improper conduct; (2) the foregoing misconduct increased the risk that the Energy Transfer and/or certain of its employees would be subject to government and/or regulatory action; and (3) as a result, Energy Transfer’s public statements were materially false and misleading at all relevant times.
Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion. Investors suffering losses on their investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in these class actions at 888-638-4847 or by email to email@example.com.
WILMINGTON, Del., Jan. 15, 2020 -- Rigrodsky & Long, P.A. reminds investors of upcoming deadlines involving securities fraud class action lawsuits commenced against the.
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles Linehan, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. On November 12, 2019, The Associated Press reported that Energy Transfer’s Mariner East project was under FBI investigation related to permits issued by Pennsylvania.