andyKRAKOVSKI/iStock via Getty Images Performance Assessment In my latest article on Energy Transfer (NYSE:ET), I had issued a 'Neutral/Hold' rating to reflect my views of performance in-line with the S&P 500 (SPY) (SPX): Performance since Author's Last Article on Energy Transfer (Seeking Alpha, Author's Last Article on Energy Transfer) Since then, ET has outperformed the S&P 500 by +5.35%, so one may argue that it has been a little bit of a missed opportunity. However, I am not too bothered by this omissio ...

i 1 2017 图1 1 日 1 1 19 11 1999 P T 11000 i tell Th H H ther i 0 F 11 187 thexfilephoto My thesis My thesis is about the company called Energy Transfer (NYSE:ET). ET appears to be a compelling investment opportunity in the current stock market when sentiment around growth stocks is cooling down rapidly. I think that there are numerous reasons to believe that ET is a Strong Buy. ET offers a rare opportunity to earn a massive 7.85% dividend yield. My stock analysis suggests that this dividend yield is safe and ...

The hedge fund manager can't complain about the dividends with either of these stocks. David Tepper's net worth stands at $20.6 billion. The hedge fund manager isn't an income investor for one simple reason: He doesn't need the income. However, Tepper's Appaloosa hedge fund sometimes owns stocks that many income investors would probably find attractive. The billionaire bought one high-yield dividend stock in the second quarter of 2024 and sold another. Should you follow his lead? Two high-yield stocks Teppe ...

2 Week Range 1,48 EPS (FWD 10.50 Div Rate (FWD) $1.28 Yield (FWD) 0.23% Short Interes 1.06% Market Cap $53.22B 4,000,945 Psex Close $15.55 PM Images Electric vehicles, data centers, and training large language models (LLMs) all have one thing in common. They require large amounts of electricity. As clectric vehicles become more common in the automotive mix and more data centers are brought online to advance Al capabilities, the demand for electricity will increase. Renewable sources of energy won't be abund ...

Travel Ink/DigitalVision via Getty Images Just the other day, on August 5th, I wrote an earnings preview article for one of my absolute favorite companies. That happens to be pipeline/midstream firm Energy Transfer LP (NYSE:ET). In that article, I talked about what analysts were anticipating and what investors should keep an eye on. When management announced results for the quarter, they reported revenue and earnings per share that fell short of expectations. But thanks in part to a recent acquisition, they ...

Jonathan Kitchen/DigitalVision via Getty Images Energy Transfer LP (NYSE:ET) is one of the largest midstream companies in the world, with a market capitalization of more than $50 billion, and a dividend yield of more than 8%. The company has continued to generate record earnings, with substantial growth potential, which will enable strong long-term shareholder returns. Energy Transfer Updates Energy Transfer has a dividend yield of more than 8%, with adjusted EBITDA for the quarter at almost $3.8 billion. E ...

Why this high-yield stock should be on investors' radars. Energy Transfer (ET -1.70%) once again increased its full-year guidance when it reported its second-quarter results, showing the strong operational momentum the company has. The stock has performed well this year with an over 20% return, including distributions. Despite its strong performance this year, the master limited partnership (MLP) still has an enticing forward distribution yield of about 7.9% and trades at an attractive valuation. Let's dive ...

The midstream giant is delivering a growth spurt. Energy Transfer (ET 4.03%) is better known for its hefty cash distributions. The master limited partnership's (MLP) payout currently yields around 8%. That's several times higher than the S&P 500's 1.5% dividend yield. That high-yielding dividend is only part of the appeal. The MLP is also growing at a brisk pace this year. Because of that, it could have the fuel to produce high-octane total returns. Stomping on the gas Energy Transfer recently reported robu ...

收购与资产交易 - 公司完成了对WTG Midstream Holdings LLC的100%股权收购，交易包括22.8亿美元现金和约50.8百万新发行的Energy Transfer普通单位，价值约8.3亿美元[222] - 收购的资产包括约6,000英里的天然气收集管道和8个天然气处理厂，总处理能力约为1.3 Bcf/d，以及两个在建处理厂，其中一个200 MMcf/d处理厂已投入使用[223] - Sunoco LP完成了对NuStar Energy L.P.的收购，发行约51.5百万普通单位，价值约28亿美元，并承担了约35亿美元债务和约8亿美元优先单位[224] - Sunoco LP以约1.85亿美元（包括营运资金）从Zenith Energy收购了位于阿姆斯特丹和班特里湾的液体燃料终端[225] - Sunoco LP以约10亿美元出售了位于西德克萨斯、新墨西哥和俄克拉荷马的204个便利店给7-Eleven, Inc.[226] - Energy Transfer和Sunoco LP成立了合资企业，合并了各自在Permian盆地的原油和生产水收集资产，合资企业运营超过5,000英里的原油和水收集管道，Energy Transfer持有67.5%股权，Sunoco LP持有32.5%股权[227][228] - 公司于2024年5月完成对NuStar的收购，承担了25.7亿美元的NuStar高级票据和债券[346] 财务表现 - 公司报告的Segment Adjusted EBITDA和consolidated Adjusted EBITDA在2024年第二季度和上半年分别增长了$638 million和$1,085 million[249] - 2024年第二季度和上半年，公司净利润分别增长了$759 million和$1.00 billion，增幅分别为62%和37%[252] - 2024年第二季度和上半年，公司Adjusted EBITDA因多个业务板块的增长而增加，包括更高的交易量和费率、优化收益以及新收购资产和投入使用的资产的贡献[253] - 2024年第二季度和上半年，公司的折旧、耗竭和摊销费用分别增加了$152 million和$347 million，主要由于新投入使用的资产和最近收购的资产[255] - 2024年第二季度和上半年，公司的净利息费用分别增加了$121 million和$230 million，主要由于债务总额增加和浮动利率及最近再融资债务的利率上升[256] - 2024年第二季度和上半年，公司的所得税费用分别增加了$119 million和$137 million，主要由于Sunoco LP的子公司出售West Texas资产的应税收益[257] - 2024年第二季度，公司的存货估值调整减少了$25 million，而2023年同期增加了$57 million；2024年上半年，存货估值调整增加了$98 million，而2023年同期减少了$28 million[262] - 2024年第二季度和上半年，公司因提前偿还债务而产生的损失分别为$6 million和$11 million，包括Energy Transfer和Sunoco LP的债务提前偿还[263] - 公司2024年权益收入为85百万美元，相比2023年的95百万美元下降了10%[267] - 公司2024年调整后的EBITDA为170百万美元，相比2023年的171百万美元下降了1%[268] - 公司2024年从非合并附属公司收到的分配总额为145百万美元，相比2023年的92百万美元增加了53百万美元[270] - 公司2024年上半年天然气运输量为13,660 BBtu/d，相比2023年同期的14,954 BBtu/d下降了1,294 BBtu/d[277] - 公司2024年上半年存储天然气库存提取量为8,230 BBtu，相比2023年同期的8,400 BBtu下降了170 BBtu[277] - 公司2024年上半年收入为1,555百万美元，相比2023年同期的2,097百万美元下降了542百万美元[277] - 公司2024年上半年产品销售成本为692百万美元，相比2023年同期的1,455百万美元下降了763百万美元[277] - 公司2024年上半年调整后的EBITDA为766百万美元，相比2023年同期的625百万美元增加了141百万美元[277] - 公司2024年上半年运输费用增加了19百万美元，主要由于德克萨斯系统上的新合同和需求量增加[282] - 公司2024年上半年运营费用减少了17百万美元，主要由于2024年燃料消耗变化导致的成本抵消[282] - 公司2024年第二季度天然气输送量为16,337 BBtu/d，较2023年同期增加113 BBtu/d[284] - 公司2024年第二季度天然气销售量为20 BBtu/d，较2023年同期增加2 BBtu/d[284] - 公司2024年第二季度收入为519亿美元，较2023年同期减少31亿美元[284] - 公司2024年第二季度调整后EBITDA为392亿美元，较2023年同期减少49亿美元[284] - 公司2024年第二季度中游业务调整后EBITDA为693亿美元，较2023年同期增加114亿美元[290] - 公司2024年第二季度NGL和精炼产品运输及服务业务调整后EBITDA为1,070亿美元，较2023年同期增加233亿美元[295] - 公司2024年第二季度NGL运输量增加至2,235 MBbls/d，较2023年同期增加80 MBbls/d[295] - 公司2024年第二季度精炼产品运输量增加至602 MBbls/d，较2023年同期增加48 MBbls/d[295] - 公司2024年第二季度NGL分馏量增加至1,093 MBbls/d，较2023年同期增加104 MBbls/d[295] - 公司2024年第二季度NGL和精炼产品终端量增加至1,506 MBbls/d，较2023年同期增加53 MBbls/d[295] - 运输利润增加7700万美元，主要由于德克萨斯y级管道系统、Mariner East管道系统、Mariner West管道和精炼产品管道的吞吐量和合同费率上升，以及Nederland终端出口量增加[300] - 分馏和炼油服务利润增加4600万美元，主要由于第八分馏器投入使用和炼油服务业务增加[300] - 终端服务利润增加2000万美元，主要由于Marcus Hook终端、Nederland终端和精炼产品终端的吞吐量和合同费率上升[300] - 调整后的EBITDA增加300万美元，与非合并附属公司相关[300] - 运营费用增加2100万美元，主要由于天然气和电力公用事业成本、项目相关费用和员工成本增加[300] - 运输利润增加1.3亿美元，主要由于德克萨斯y级管道系统、Mariner East管道系统、精炼产品管道和Mariner West管道的吞吐量和合同费率上升，以及Nederland终端出口量增加[301] - 营销利润（不包括未实现损益）增加8100万美元，主要由于对冲NGL和精炼产品库存的优化收益增加[301] - 分馏和炼油服务利润增加6900万美元，主要由于第八分馏器投入使用和炼油服务业务增加[301] - 终端服务利润增加2900万美元，主要由于Marcus Hook终端、Nederland终端和精炼产品终端的合同费率和吞吐量上升[

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Energy Transfer LP (ET) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Energy Transfer LP currently has ...