Energy Transfer LP

ET

Equity

ISIN US29273V1008 / Valor 2278397

New York Stock Exchange, Inc (2024-12-26)

USD 19.26-1.73%

Energy Transfer LP
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About company

Energy Transfer LP stands as a prominent entity in the North American midstream energy sector, boasting an extensive network that spans over 125,000 miles of pipelines across 44 states. This infrastructure plays a crucial role in the transportation of oil and gas products, which are integral to daily life and the broader economy. The company's operations encompass a wide range of services and facilities that support the energy supply chain, including storage, distribution, and transportation of hydrocarbon products. Under the leadership of co-CEOs Tom Long and Mackie McCrea, Energy Transfer has demonstrated a consistent trajectory of growth, reflecting its strategic positioning and operational efficiency in the evolving energy landscape. The firm is dedicated to maintaining its stature as a key provider of oil and natural gas, signaling its commitment to meeting the energy demands of the future.

Summarized from source with an LLMView SourceSector: Energy

Net Income

Energy Transfer LP reported a net income attributable to partners of $1.18 billion for the third quarter of 2024. This reflects the company's strong financial performance during the period ending September 30, 2024.

Revenue

For the third quarter of 2024, Energy Transfer LP achieved revenues of $20.772 billion. This figure is slightly higher compared to the $20.739 billion reported in the same quarter of the previous year, indicating stable revenue generation.

Adjusted EBITDA

Energy Transfer LP's adjusted EBITDA for the third quarter of 2024 was $3.96 billion. This represents an increase from the $3.54 billion reported in the third quarter of 2023, showcasing the company's improved operational efficiency and profitability.

Distributable Cash Flow

The distributable cash flow attributable to partners for Energy Transfer LP in the third quarter of 2024 was $1.99 billion. This marks a slight increase of $4 million compared to the same period in 2023, highlighting the company's consistent cash flow generation.

Dividends

Energy Transfer LP announced a cash distribution of $0.3225 per common unit for the quarter ended September 30, 2024. This distribution is part of the company's commitment to returning value to its shareholders, with an annualized rate of $1.29 per common unit.

Summarized from source with an LLMView Source

Key figures

39.8%1Y

134%3Y

46.6%5Y

Performance

17.2%1Y

24.4%3Y

40.2%5Y

Volatility