imaginima Introduction It is well-known that the Energy Industry has seen many fluctuations and instability. This is because many factors affect the supply and demand in this market like macroeconomic variables, geopolitical events, policies, and regulations on everything like emissions, zoning rights, and so on, which can affect companies in this market to a great extent. Thus, it is of great importance for value investors to have a good perspective of the financial stability of the companies in this marke ...

imaginima Energy Transfer LP (NYSE:ET) is a diversified midstream energy partnership. Back in January, I discussed the utilization of cash secured puts and the purchase of preferred units as two income alternatives to the outright purchase of common units. Since that article, several preferred units have been redeemed, the common units have rallied, and the options market has priced puts less attractive than in January. With the recent pullback, Energy Transfer is offering a good entry point for income inve ...

文章核心观点 - 公司持续产生出色的自由现金流 [7][29] - 管理层正在为股东创造显著价值 [2] - 普通股仍然相对便宜 [2] 自由现金流收益率 - 公司自由现金流收益率优于同行 [7][9] - 同行中能源传输公司的自由现金流收益率普遍较低 [9] 投资回报率 - 公司投资回报率低于同行平均水平 [17][18][20] - 但投资回报率仍高于加权平均资本成本,管理层正在创造价值 [16][17] - 随着2024年调整后EBITDA的增长,公司投资回报率有望创新高 [19] 企业价值/EBITDA估值 - 公司的企业价值/EBITDA估值低于同行 [24][25][26][27] - 这主要由于公司结构复杂、风险偏好较高以及投资回报率较低等因素 [25][26] - 但即使采用较低的8.5倍估值,公司股价仍有20美元的合理价值 [28]

The midstream giant continues to gobble up smaller rivals. Energy Transfer (ET 0.32%) continues to lead the midstream sector's consolidation. The master limited partnership (MLP) made two deals last year and recently followed them up with its first acquisition in 2024. It's paying nearly $3.3 billion to buy WTG Midstream. Its latest deal perfectly aligns with its acquisition strategy of finding accretive transactions that enhance its value chain without negatively impacting its balance sheet. That approach ...

MIDLAND, Texas, May 28, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) today announced the sale of WTG Midstream Holdings LLC to Energy Transfer LP (NYSE: ET) (“ET”) resulting in total pre-tax consideration net to Diamondback of approximately $375 million, subject to customary closing conditions and adjustments. Consideration for the transaction will consist of a mix of cash and ET common units. The transaction is expected to close in the third quarter of 2024. Diamondback, ...

This MLP can supply investors with lots of income. Energy Transfer (ET 0.20%) is a prodigious income producer. The master limited partnership (MLP) currently makes quarterly distribution payments to its investors of $0.3175 per unit ($1.27 annualized). That puts its yield up over 8% at the MLP's recent unit price, much higher than the S&P 500's roughly 1.3% dividend yield. Energy Transfer's higher yield enables investors to generate more income for every dollar they invest. Here's a look at how much you nee ...

The quick answer is probably not, but comparing it to a more reliable alternative will help explain why. Energy Transfer (ET 0.20%) has a lofty 8% or so distribution yield, which will likely sound pretty appealing to most dividend-focused investors. But don't jump in just yet. You'll probably be better off with Enterprise Products Partners (EPD) and its still very attractive 7.2% yield. Here's what you need to know. Energy Transfer and Enterprise have similar businesses Both Energy Transfer and Enterprise P ...

Energy Transfer has come a long way over the past few years. Energy Transfer (ET 0.20%) has had its ups and downs over the years. Like many companies, it found itself in a tight spot when the pandemic hit in 2020. That event forced the master limited partnership (MLP) to slash its distribution in half so that it could retain additional cash to strengthen its balance sheet. While that payout cut was a bitter pill for investors to swallow at the time, it has paid big dividends over the past few years. The MLP ...

PM Images Energy Transfer (NYSE:ET) is finally trading above its pre-pandemic levels, after crashing to below $5 during the pandemic. Units of ET have appreciated by 16.88% in 2024, and my claims that ET should trade for a minimum of $17.26 look more realistic as time progresses (can be read here). While technology controls the narrative, there has been an opportunity in the energy sector that went unnoticed by many investors. The narrative regarding eliminating oil and gas never made sense to me, consideri ...

The MLP believes the midstream sector remains ripe for consolidation. Acquisitions are supplying Energy Transfer (ET 1.06%) with lots of fuel this year. The master limited partnership (MLP) closed two sizable deals last year, while its affiliate, Sunoco (SUN 0.32%), recently made a needle-moving acquisition. This trio of deals has the company on track to grow its earnings by around 10% this year. The MLP made it clear on its first-quarter conference call that consolidation in the midstream space continues t ...