Energy Transfer LP's Stock Analysis

Energy Transfer LP Completes $2 Billion Public Offering of Notes

Energy Transfer LP has completed a public offering totaling $2 billion, consisting of $1.2 billion in Series 2025A Junior Subordinated Notes and $800 million in Series 2025B Junior Subordinated Notes, both due in 2056. The offering was registered under the Securities Act and was supported by the Indenture dated December 14, 2022, along with supplemental indentures for each series of notes.

The offering was registered under the Securities Act of 1933 and was effective as of June 6, 2024. Details regarding the terms of the notes and their associated supplemental indentures can be found in the Prospectus Supplement filed with the SEC. Legal opinions related to the notes are included in the current report, and the relevant documents have been incorporated by reference for further details.

Aug 25, 2025 16:05:43

Energy Transfer LP Announces $2 Billion Junior Subordinated Notes Offering

Energy Transfer LP has entered into an underwriting agreement for a public offering of $2 billion in junior subordinated notes, consisting of $1.2 billion of Series 2025A notes and $800 million of Series 2025B notes, both due in 2056. The Series 2025A notes will carry an interest rate of 6.500%, while the Series 2025B notes will have a rate of 6.750%. The offering is expected to close on August 25, 2025, and the proceeds will be used to repay borrowings under the Partnership’s revolving credit facility and for general partnership purposes.

The offering is being managed by J.P. Morgan Securities LLC, PNC Capital Markets LLC, TD Securities (USA) LLC, Truist Securities, Inc., and Wells Fargo Securities, LLC. The offering is registered under the Securities Act of 1933, and the Partnership has filed a prospectus supplement in connection with the offering. Energy Transfer LP operates a significant energy asset portfolio in the U.S., with extensive pipeline infrastructure and related services.

Aug 12, 2025 16:24:33

Energy Transfer LP to Present at Citi Natural Resources Conference

Energy Transfer LP will hold informational sessions for investors and analysts at Citi’s 2025 Natural Resources Conference from August 12-14 in Las Vegas, Nevada. Management plans to provide an overview of the Partnership’s business segments and updates on growth projects during these sessions, which will start at 8:00 a.m. Pacific time on August 12th.

Interested parties can access the prepared materials prior to the meetings on the company's website under the Investor Relations section. The company may also post additional information in future press releases and reports, but it does not commit to updating the information on its website.

Aug 11, 2025 17:28:36

Energy Transfer Reports Q2 2025 Financial and Operational Results

Energy Transfer LP reported a net income of $1.16 billion for the second quarter of 2025, down from $1.31 billion in the same quarter of 2024. The adjusted EBITDA increased to $3.87 billion, compared to $3.76 billion a year earlier. Distributable Cash Flow attributable to partners was $1.96 billion, a decrease from $2.04 billion in Q2 2024. The Partnership's growth capital expenditures were $1.04 billion, while maintenance capital expenditures were $253 million. Operationally, the company saw increases in various transportation volumes, including a record in midstream gathered volumes, which rose by 10% year-over-year.

Strategically, Energy Transfer announced a significant expansion of its Transwestern Pipeline, aimed at enhancing natural gas transport capacity, with an estimated cost of $5.3 billion. The company also reached final investment decisions on several projects, including expansions of its Hugh Brinson Pipeline and the Bethel natural gas storage facility. In terms of financial management, the Partnership declared a quarterly cash distribution of $0.33 per common unit, representing a more than 3% increase compared to the previous year. As of June 30, 2025, Energy Transfer had $2.51 billion available in its revolving credit facility.

Aug 06, 2025 16:17:02

Energy Transfer Announces Quarterly Cash Distribution Increase

Energy Transfer LP has declared a quarterly cash distribution of $0.33 per common unit, which annualizes to $1.32, for the quarter ending June 30, 2025. This distribution represents an increase of over 3% compared to the same quarter in 2024. The payment will be made on August 19, 2025, to unitholders who are on record as of August 8, 2025.

Additionally, Energy Transfer plans to release its earnings for the second quarter of 2025 on August 6, 2025, after market close. A conference call will follow at 3:30 p.m. Central Time to discuss the quarterly results and provide updates about the company. Energy Transfer operates a vast network of energy assets across the United States, including pipelines and storage facilities, and is publicly traded under the NYSE ticker ET.

Jul 24, 2025 16:43:50

BIS Rescinds Export License Requirement for Energy Transfer LP

Energy Transfer LP received notification from the Bureau of Industry and Security (BIS) on June 3, 2025, indicating that a license was required for the export of ethane to certain parties in China. This requirement was applicable if any party involved in the transaction was identified as a military end user or located in China. The license requirement would remain until further notice from BIS or an amendment to the Export Administration Regulations.

On July 2, 2025, BIS rescinded the export license requirements previously communicated to Energy Transfer LP, effective immediately. The Partnership operates marine export terminals that handle natural gas liquids, including the ethane products that were subject to the license requirement.

Jul 02, 2025 17:19:20

Company Enters Material Definitive Agreement and Financial Obligation

The company has entered into a material definitive agreement, which creates a direct financial obligation or an obligation under an off-balance sheet arrangement. This information is referenced under a specific item in the report, indicating a significant commitment on the company's part. The press release includes a section on financial statements and exhibits, but does not provide additional details about the financial metrics or implications of the agreement. It concludes with a signature from an authorized representative, confirming the report's validity.

Mar 04, 2025 16:02:12

Energy Transfer LP Prices $3 Billion Senior Notes Offering

Energy Transfer LP has successfully priced a total of $3.0 billion in senior notes, which includes $650 million due in 2030, $1.250 billion due in 2035, and $1.100 billion due in 2055. The company plans to use approximately $2.97 billion of the proceeds to refinance existing debt and for general partnership purposes. The offering is expected to settle on March 4, 2025, pending customary closing conditions.

However, the pricing of the senior notes reflects slight discounts to their face values, indicating potential investor caution. While Energy Transfer operates a vast energy infrastructure network across the United States, the need to refinance existing debt may raise concerns about its current financial obligations. The company has a diversified asset portfolio, but the reliance on debt financing could be viewed as a negative aspect in the context of its overall financial health.

Feb 19, 2025 17:41:19

Energy Transfer Reports $1.08 Billion Net Income in Q4 2024

Energy Transfer LP announced a net income of $1.08 billion for the fourth quarter of 2024, with adjusted EBITDA rising to $3.88 billion, an 8% increase compared to the same period last year. The partnership's distributable cash flow attributable to partners was reported at $1.98 billion, and they declared a quarterly cash distribution of $0.3250 per common unit, marking a 3.2% increase from the prior year. Additionally, operational highlights included significant growth in crude oil and NGL transportation volumes, as well as the completion of key infrastructure projects to enhance capacity.

On the negative side, the company faced a decrease in net income per common unit, which dropped to $0.29 from $0.37 in the previous year. The total revenues for the quarter also fell to $19.54 billion from $20.53 billion year-over-year. Despite the strong operational performance, the increase in growth capital expenditures to $1.22 billion and the rising long-term debt, which reached $59.75 billion, may raise concerns regarding financial sustainability and future capital management.

Feb 11, 2025 16:17:50

Energy Transfer Increases Quarterly Cash Distribution by 3.2%

Energy Transfer LP has announced a 3.2 percent increase in its quarterly cash distribution to $0.3250 per common unit for the fourth quarter of 2024, amounting to an annualized distribution of $1.30. This distribution will be paid on February 19, 2025, to unitholders of record as of February 7, 2025. The company also plans to release its earnings for the fourth quarter and full year of 2024 on February 11, 2025, and will host a conference call to discuss the results and provide updates.

On the operational side, Energy Transfer operates a vast portfolio of energy assets across the United States, including over 130,000 miles of pipeline. While the announcement of increased distributions is a positive highlight, the press release also includes a standard notice regarding the potential risks and uncertainties that could affect future results, although specific negative points were not detailed in this communication.

Jan 27, 2025 17:09:01