|Bid||8.15 x 1100|
|Ask||8.18 x 4000|
|Day's range||8.01 - 8.30|
|52-week range||3.75 - 15.26|
|Beta (5Y monthly)||2.74|
|PE ratio (TTM)||11.33|
|Earnings date||05 Aug 2020 - 10 Aug 2020|
|Forward dividend & yield||1.22 (14.75%)|
|Ex-dividend date||06 May 2020|
|1y target est||11.37|
Units of Energy Transfer (NYSE: ET) have cratered roughly 35% this year. One of the things he noted was that Energy Transfer generated $1.42 billion of cash during the quarter. As a result, he pointed out that the "coverage ratio for the quarter was 1.72 times, which resulted in excess cash flow after distributions of $594 million."
The herd trade has seized oil as hedge funds pile into the market to try and gain from its upside momentum, even without a fresh driver for prices. A day after rallying 5% on positive crude stockpiles data that was offset by a surprise rise in gasoline inventories, U.S. crude’s West Texas Intermediate benchmark was up again, this time without a new catalyst. Brent, the London-traded global benchmark for oil, rose 16 cents, or 0.5%, at $35.91.
Energy Transfer (ET) misses first-quarter earnings and revenue estimates, and lowers its 2020 capital expenditure guidance, taking into account the economic crisis caused by COVID-19 impacts.
Let's see if Energy Transfer LP (ET) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.
While the company expects this trend to continue over the coming quarters, causing it to reduce its full-year guidance, it still plans to maintain its high-yielding distribution. Overall, Energy Transfer's earnings slipped by about 4% during the first quarter, while its cash flow fell by a low double-digit rate.
DALLAS (AP) _ Energy Transfer LP (ET) on Monday reported a first-quarter loss of $855 million, after reporting a profit in the same period a year earlier. The Dallas-based company said it had a loss of 32 cents per share. Earnings, adjusted for one-time gains and costs, came to 16 cents per share.
Energy Transfer LP (NYSE:ET) ("ET" or the "Partnership") today reported financial results for the quarter ended March 31, 2020.
Contribution from organic projects and benefits from the SemGroup Corporation acquisition are likely to reflect on Energy Transfer's (ET) first-quarter results.
Energy Transfer Operating, L.P. today announced the quarterly cash distribution of $0.4609375 per Series C Preferred Unit (NYSE: ETPprC), the quarterly cash distribution of $0.4765625 per Series D Preferred Unit (NYSE: ETPprD), and the quarterly cash distribution of $0.4750000 per Series E Preferred Unit (NYSE: ETPprE). These cash distributions will be paid on May 15, 2020 to Series C, Series D and Series E unitholders of record as of the close of business on May 1, 2020.
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 <XOM.N>, 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
North Dakota regulators on Wednesday unanimously approved expanded capacity for the Dakota Access pipeline, saying they believed the project had met exhaustive state and federal requirements. The 3-0 vote by the all-Republican Public Service Commission came after the body signaled last month it was likely to approve a permit to expand the capacity of the pipeline, despite objections from opponents who said it would increase the probability of a disastrous oil spill. Commissioners said they expect their decision to be challenged in state court.
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 <RDSa.L> 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.